Veer Energy - approves Bonus Issue

Veer Energy & Infrastructure Ltd has informed the Indian stock market that the Board of Directors of the Company at its meeting held on August 29, 2008, has decided to issue Bonus Shares in the ratio of 14:10 (Every share holder holding 10 equity shares is getting 14 Bonus shares) subject to approval of members and the Extra Ordinary General Meeting and concern
authorities.

Further the Board has decided to convene an Extra Ordinary General Meeting of the members of the Company on September 20, 2008, to seek the consent of the Members on the above issue of Bonus shares.