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India Hospitality Corp. 19 September 2007 For Immediate Release 19 September 2007 India Hospitality Corp. to Present at the PiperJaffray Second Annual London Consumer Conference on September 26, 2007 New York, NY. - September 19, 2007 - India Hospitality Corp. (LSE: IHC, IHC or India Hospitality), today announced that the company will be presenting at the PiperJaffray Second Annual London Consumer Conference on Wednesday, September 26, 2007 at The Great Eastern Hotel in London. The presentation will begin at 2:30 PM UK Time, and will be webcast live from the Company's website at www.indiahospitalitycorp.com, under the investor relations section. About India Hospitality Corp. IHC was created as a blank-check company to acquire Indian businesses or assets in the hospitality, leisure, tourism, travel and related industries, including but not limited to hotels, resorts, timeshares, serviced apartments and restaurants. In August 2006, IHC 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. The Company was sponsored and advised by Hayground Cove Asset Management LLC, a New York-based investment management firm with approximately US $1.9 billion in assets under management. In July 2007, IHC closed on the acquisition from Navis Capital Partners and its Affiliates of India-based Mars Restaurants Private Limited (MRPL or Mars), an emerging hotel and restaurant company, and SkyGourmet Catering Private Limited ( SCPL or SkyGourmet), an airline catering company operating out of four locations in India. 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 inflight 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 the nine months ended December 31, 2006, the combined entities had audited revenues of approximately US $18.9 million and 1,700 employees. For Further Information Contact: Investor Relations Contact: ICR Inc. 203-682-8200 William Schmitt Media Contact: Buchanan Communications +44 207 466 5000 Richard Darby, Isabel Podda Nominated Adviser and Broker: Deutsche Bank +44 20 7545 8000 Mumtaz Naseem Deutsche Bank AG is authorised under German Banking Law (competent authority: BaFin - Federal Financial Supervising Authority) and with respect to UK commodity derivatives business by the Financial Services Authority; regulated by the Financial Services Authority for the conduct of UK business. Deutsche Bank is acting exclusively for IHC. and no-one else in connection with the acquisition and related transactions and other matters referred to in this announcement and will not be responsible to anyone other than IHC. for providing the protections afforded to clients of Deutsche Bank AG nor for providing advice in relation to the acquisitions and related transactions or any matter referred to in this announcement. 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
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