Gammon Infrastructure Project Limited proposes, subject to receipt of the requisite
approvals, market conditions and other considerations, to make a rights issue of
its Equity Shares and has filed the Draft Letter of Offer with Securities and Exchange
Board of India. Investors should note that investment in Equity Shares involves
a high degree of risk and are requested to refer to the section titled "Risk Factors"
of the Draft Letter of Offer for details of the same.