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ANNOUNCEMENTS

HMT LIMITED(A Government of India Undertaking)

Registered Office: No: 59, Bellary Road,Bangalore 560 032

POST-PONEMENT OF DUE DATE FOR REDEMPTION OF SECOND INSTALLMENT OF8.50% GOVERNMENT OF INDIA (GOI) GUARANTEED VRS BONDS SERIES-F

AGGREGATING TO RS. 91.71 CRORESFROM NOVEMBER 27, 2009 TO NOVEMBER 27, 2010

Reference is invited to Notice given by HMT Ltd. in All-India edition of The Economic Times datedJuly 23, 2009 to all the holders of 8.50% GOI Guaranteed VRS Bonds Series-F.

The redemption of second installment of 8.50% GOI Guaranteed VRS Bonds Series-F amounting toRs. 91.71 crores is proposed to be made out of sale proceeds of surplus land of the Company andits Subsidiaries and out of funds to be received by the Company from the Govt. of India on accountof its revival / restructuring plan.

For the purpose of monetizing on surplus lands of the Company and its Subsidiaries, the Companyhas entered into an Advisory services agreement with IL&FS to promote development as well asgenerate revenue through the gainful utilization of its surplus vacant lands / properties as well asidentified properties for outright sale. Based on these developments, it is envisaged that the saidsale should materialize and funds would be available with the Company by this year end/ beginningof next year. Besides, the revival/ restructuring plan of the Company is under active consideration ofthe Govt. of India and funds are expected to be available to the Company by this year end.

In view of the above, as a matter of abundant precaution, HMT Ltd. proposes to post-pone the duedate for redemption of the second installment of 8.50% Government of India (GOI) Guaranteed VRSBonds Series-F amounting to Rs. 91.71 crores from November 27, 2009 to November 27, 2010.Thus, the Company shall redeem both the second and third installment of redemption of 8.50% GOIGuaranteed VRS Bonds Series-F amounting to Rs. 213.99 crores in full on November 27, 2010.Payment of seventh and eighth annual interest on the aggregate outstanding face value of saidBonds shall be effected as per schedule.

The said post-ponement of due date for redemption of the second installment of 8.50% Governmentof India (GOI) Guaranteed VRS Bonds Series-F amounting to Rs. 91.71 crores from November 27,2009 to November 27, 2010 shall be executed by HMT Ltd. by way of seeking written consents from

the bondholders holding at-least three-fourth of the outstanding face value amount of Bondspursuant to provisions contained under clause 14 of Covenants and Conditions specified in theBond Trust Deed dated July 22, 2003 executed by and between HMT Ltd. and UCO Bank andprovisions contained under para on Modification of Rights on page 9 of the ConfidentialInformation Memorandum issued by HMT Ltd., for issue of the said Bonds.

Bondholders may please note that the Record Date for this purpose shall be July 31, 2009.Request for seeking consent for post-ponement of due date for redemption of second installment ofBonds would be sent by HMT Ltd. to all the Bondholders/ Beneficial Owners of the Bonds as at theend of Record Date. In case of joint holders, such request shall be sent to the bondholder namedfirst.

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For Bonds held in electronic/ dematerialized form, HMT Ltd. shall request the Depository to providea list of Beneficial Owners as at the end of the Record Date, which shall be taken into account byHMT Ltd. for sending request for seeking consent for post-ponement of the due date for redemptionof the second instalment of 8.50% Government of India (GOI) Guaranteed VRS Bonds Series-Famounting to Rs. 91.71 crores from November 27, 2009 to November 27, 2010.

For Bonds held in physical form, the names of bondholders appearing in the register of bondholdersas at the end of the Record Date shall be taken into account by HMT Ltd. for sending request forseeking consent for post-ponement of the due date for redemption of the second instalment of8.50% Government of India (GOI) Guaranteed VRS Bonds Series-F amounting to Rs. 91.71 croresfrom November 27, 2009 to November 27, 2010. All requests for transfer of Bonds received uptoJuly 31, 2009, being the Record Date, shall be taken into account by the Registrar and TransferAgents (RTA), Karvy Computershare Pvt. Ltd. (Address: Plot No. 17-24, Near Image Hospital,Vittalrao Nagar, Madhapur, Hyderabad 500081; Tel: (040) 23420815-20; Fax: 91-40-23420814).

Bangalore. sd/-

Dated: July 23, 2009. Company Secretary