Statement on Metro Rail Project From IL&FS Engineering and Construction Company Limited

Hyderabad, June 18, 2009: In view of certain reports in the media on Hyderabad Metro Rail Project today, Maytas Infra would like to state that it has requested the AP State Government for extension of time. The State Government has not taken a decision yet on this matter.

Maytas Infra is an organization based out of Hyderabad with 21 years of history, and recognizes how important the project is to the people of Hyderabad, State of Andhra Pradesh and how it will contribute to the Sustainable Development of India. Maytas Infra is committed to complete this prestigious project and all steps towards its financial closure are being taken.

-Company Spokesperson