Date: 16-04-2007

• Bharati Acquires all the Shipyard Machinery and Equipments of Swan Hunter Shipyard Wallsend, Newcastle – upon Type

Mumbai April, 16, 2007: Bharati Shipyard Limited, on of the Leading Shipyards in India has acquired all the shipyard machinery and
Equipments of Swan Hunter (Typeside) Shipyard Ltd. Through this acquisition BSL acquires fully automated panel lines, quayside traveling
gantry cranes upto 180T capacity, 30 overhead traveling cranes upto 60T capacity, Plate bending rolls of 2000 ton capacity, bending presses,
robotic profiling machines, CNC plasma Buring Equipments, etc.

These equipments will be used by BSL at its existing yards as well as for its Greenfield projects, BSL has also acquired the 20,000-ton lift
capacity floating dock of Swan Hunter Shipyard, which will add a lot of value to its existing operations. This acquisition would help BSL to save
cost and lead-time, which would have otherwise been spent in procuring the new machineries and equipments.

Swan Hunter Shipyard is an internationally renowned shipbuilding yard. Swan Hunter was engaged in shipbuilding, ship conversion and
construction of offshore structures. It had capacity to build vessels upto 1,00,000 DWT. During its 130 years of existences, Swan Hunter built
over 1,600 ships of various types including more than 400 naval vessels.