Outcome of Board Meeting

The Board of Directors of Gujarat Themis Biosyn Ltd. at it’s meeting held on 6th August, 2014 considered and approved the following:

1. Unaudited Financial Results for the quarter ended 30th June, 2014

2. Mr. A.B Shah’s resignation as nominee director of GIIC Ltd. was accepted by the Board.

3. Mr. Rajneesh Anand, President & CEO of the Company stepped down with effect from 7th August, 2014. His services will however be available to the Company as a Consultant from the same date.

4. The appointment of Mr. Vikas Tarekar, Company Secretary was approved by the Board.

5. Mr. Tapas Guha was appointed as CEO of the Company with effect from 7th August, 2014.

6. 33rd Annual General Meeting will be held on Monday, 29th September, 2014 at Registered Office address at Vapi at 12 noon and Share Transfer Register & Register of Members will remain close during Tuesday, 23rd September, 2014 to Monday, 29th September, 2014 (both days inclusive).