ICR XChange Conference

India Hospitality Corp. 09 January 2008 For Immediate Release 9 January 2008 India Hospitality Corp. India Hospitality Corp. to Present at the Tenth Annual ICR XChange Conference New York, NY - January 9, 2008 - India Hospitality Corp. (LSE: IHC, IHC or India Hospitality), today announced that the Company will be presenting at the Tenth Annual ICR XChange Conference on Thursday, January 17, 2008 at the St. Regis Monarch Beach Resort & Spa in Dana Point, CA. The presentation will begin at 1: 50 PM Pacific Time. Investors and interested parties may listen to the webcast of this presentation by visiting the Company's website at www.indiahospitalitycorp.com under the investor relations section at the appropriate time. About India Hospitality Corp. In August 2006, India Hospitality Corp. raised US $103 million in an IPO and private placement and is listed on AIM, a market operated by London Stock Exchange plc, under the ticker IHC. IHC was originally created as a blank check company and was sponsored and advised by Hayground Cove Asset Management LLC, a New York-based investment management firm. In July 2007, IHC closed on the acquisition from Navis Capital Partners and its Affiliates of India-based Mars Restaurants Private Limited ('Mars'), an emerging hotel and restaurant company, and SkyGourmet Catering Private Limited ('SkyGourmet'), an airline catering company with 1,700 employees operating out of four locations in India. In December 2007, in order to fund strategic growth initiatives, Hayground Cove and Navis Capital jointly invested US $28 million of additional capital in IHC, bringing their total invested capital to US $56 million. Following such reinvestment, Hayground Cove and Navis own approximately 52% of India Hospitality. IHC generated approximately US $30 million in unaudited consolidated revenues in fiscal year ended March 31, 2007, an approximate 50% increase from 2006. About Mars and SkyGourmet Since its incorporation in 2000, Mars has diversified into bakery outlets and operating and managing food courts and hotels. SkyGourmet was incorporated in 2002 and is headquartered in Mumbai. SkyGourmet currently provides in-flight catering services to a number of domestic and international airlines, including Jet Airways, Kingfisher Airlines, Air India Express, Indian Airlines, Malaysian Airlines and Air France. It has operations in Mumbai, Bangalore, New Delhi and Pune. For further information, please contact: Investor Relations Contact: ICR Inc. William Schmitt 203-682-8200 Media Contact: Buchanan Communications Richard Darby, Isabel Podda +44 207 466 5000 Nominated Adviser and Broker: Deutsche Bank Mumtaz Naseem +44 20 7545 8000 Deutsche Bank 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. No offer or invitation to purchase or subscribe for ordinary shares in or warrants to purchase or subscribe for ordinary shares or warrants of IHC is being made by this announcement. This information is provided by RNS The company news service from the London Stock Exchange This information is provided by RNS The company news service from the London Stock Exchange
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