Nectar Lifesciences - Stock Split

Nectar Lifesciences Ltd has informed the stock market that the Board of Directors of the Company at its meeting held on August 28, 2008, has approved the stock split i.e. sub-division of every equity shares of face value of Rs 10/- each into 10 equity shares of face value of Re 1/- each and consequential changes in Memorandum of Articles of Associations of the Company.

To resolutions towards seeking approval of shareholders for the above purposes, would be proposed in the forthcoming Annual General Meeting scheduled to be held on September 29, 2008.