GL Hotels - Allotment of Warrants

GL Hotels Ltd has informed that the Board of Directors of the Company at its meeting held on June 21, 2007, has allotted 7,409,576 warrants to following Non-Promoter entities on a preferential basis:Name of the PartySeries A:1. Dunearn Investments Mauritius Pte LtdNo of Warrants : 4,410,462Series B:2. Inshield Insurance Consultants Pvt LtdNo of Warrants : 900,0003. Conroe Finance LtdNo of Warrants : 700,0004. Willaston Finance LtdNo of Warrants : 500,0005. Anchor Ice & Plastics Pvt LtdNo of Warrants : 899,114