India Hospitality Advisory Agreement With Banya...

India Hospitality Corp. Advisory Agreement with Banyan Tree Capital and 
                       Admission of New Shares

LONDON, Nov. 18  -- India Hospitality Corp. (LSE: IHC, IHC or India 
Hospitality) today announced that the advisory agreement between, among 
others, the Company and Banyan Tree Capital Limited ("Banyan Tree") was 
amended on 18 September 2008 (with the amendment effective as of 29 March 
2008).  The amendment removed the final condition to the vesting of a 
right of Banyan Tree to be issued 500,000 ordinary shares in the capital 
of the Company with a par value of $0.001 (the "Vested Shares").  The 
board has subsequently approved the issue of the Vested Shares. IHC and 
Banyan Tree have also agreed that the advisory agreement shall not be 
renewed.

Banyan Tree has signed a lock-up agreement in respect of the Vested Shares 
that restricts the right of Banyan Tree to dispose of the Vested Shares 
during a 2-year period. The lock-up agreement allows for a gradual release 
of the Vested Shares during the lock-up period.

Application to the London Stock Exchange has been made for the Vested 
Shares to be admitted to trading on AIM.  It is expected that admission 
will become effective on 19 November 2008.

The Vested Shares will rank pari passu with the existing ordinary shares 
of the Company.

Following the issue of the Vested Shares, the Company has 28,098,250 fully 
paid ordinary shares in issue.



For Further Information Contact: 

Media Contact: 
Mutual Image & Events Management Pvt. Ltd.
Harsh Wardhan
[phone]

Investor Relations Contact:
ICR Inc. 
William Schmitt 
[phone] 

Nominated Adviser and Broker:
Deutsche Bank   
Mumtaz Naseem 
[phone]


Deutsche Bank AG is IHC's nominated adviser and broker for the purposes of 
the AIM Rules for Companies.  Its responsibilities as IHC's nominated 
adviser and broker under the AIM Rules for Nominated Advisers are owed 
solely to London Stock Exchange plc and not to IHC, any director of IHC or 
any other person.

SOURCE  India Hospitality Corp. 

    /CONTACT:  Media, Mutual Image & Events Management Pvt. Ltd., Harsh 
Wardhan, [phone], or Investor Relations Contact: ICR Inc., 
William Schmitt, [phone], or Nominated Adviser and Broker: 
Deutsche Bank, Mumtaz Naseem, [phone] /