Non-Payment of Rs 96000.00 to Srivastava & Family

Copy of the letter dated 25 June 2008 addressed to M.D,of Morepen Laboratory Ltd which is self explainatory:

"Re M/s/ Morepen Laboratories Ltd, Non-Payment of Matured FDR Amount Totaling to

RS 96000.00 for Srivastava & Family.

Your ref: MLL;FD;INSTA;2006 Dt 12th Aug 2006

Dear Sir,

This is further to our letters nos. nil dated 2nd Sep 06,, 27th Dec06, 7th Sep 07 & 28th Feb o8 regarding payments of Rs 96000.00 against Matured FDR amounts:

�¢ï¿½�¢ Manjula Srivastava A/FDR/DL 2RQ 02002/30000/07-06-02 Rs 30000.00

�¢ï¿½�¢ S N Srivastava A/FDR/Dl 2RQ 02035/35000/22-06-03 Rs 35000.00

�¢ï¿½�¢ S N Srivastava HUF A/FDR/Dl 2RQ 02393/16000/22-6-03 Rs 16000.00

�¢ï¿½�¢ Shruti Srivastava A/FDR/DL 2DX29215/15000/26-12-02 Rs 15000.00

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Total Rs 96000.00

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We have still to see a tangible action as far these old & matured FDR amounts are concerned? Hence this communication to you with a request to see end to our sufferings once in and for all.

We understand that the company has tied up with a foreign bank to pay such investors. But we see no movement on this count. "