Simplex Infrastructures - Limited Review For The Quarter Ended Dec 31, 2007

Simplex Infrastructures Ltd has informed that in the limited review report of the Company for the quarter ended December 31, 2007, the Auditors of the Company have made the following observations:

Attention is drawn to the following:

1. Period wise break up of the following items of expenses in the accompanying statement have been included in depreciation / Interest :

a. Depreciation and Amortisation (items 4(c))

(i) Depreciation

- 3 months ended December 31, 2007 : Rs 916 lacs

- 3 months ended December 31, 2006 : Rs 629 lacs

(ii) Amortisation of tools - 757 lacs

- 3 months ended December 31, 2007 : Rs 757 lacs

- 3 months ended December 31, 2006 : Rs 383 lacs

b. Interest and Finance Charges (Net) (item 6)

(i) Interest

- 3 months ended December 31, 2007 : Rs 2642 lacs

- 3 months ended December 31, 2006 : Rs 1410 lacs

(ii) Finance Charges - 314 lacs

- 3 months ended December 31, 2007 : Rs 314 lacs

- 3 months ended December 31, 2006 : Rs 196 lacs

2. In the segment wise capital employed amounting to Rs 130,005 lacs foreign capital employed shown therein should be read as 14,728 lacs instead of Rs 9,063 lacs with corresponding change in the figures of domestic capital employed.