The Reserve Bank of India has today notified that the restrictions placed on the purchase of shares of Mid Day Multimedia Limited by Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs) under Portfolio Investment Scheme (PIS) are withdrawn with immediate effect. Accordingly, the shares of the company can be purchased on the secondary market on behalf of those FIIs/NRIs/PIOs who have obtained permission to invest under the Portfolio Investment Scheme subject to the existing ceilings and guidelines in this regard.

Ajit Prasad
Manager

Press Release : 2010-2011/134