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[2008-03-10] THE UNITED BASALT PRODUCTS LIMITED-Share Conversion The Board of Directors of The United Basalt Products Ltd hereby informs the shareholders of the company and the public in general of its decision to convert an amount of Rs 199,975,000.- receivable from its wholly-owned subsidiary Marbella Espace Maison Ltée into fully-paid ordinary shares of Rs 10.- each. Consequently, the issued share capital of Marbella Espace Maison Ltée will be increased from Rs 25,000.- to Rs 200,000,000.
By Order of the Board.
Christophe Quevauvilliers
Company Secretary
7 March 2008
This communiqué is issued pursuant to Listing Rule 11.3.
The Board of Directors of The United Basalt Products Ltd accepts full responsibility for the accuracy of the information contained in this cautionary announcement.
Source: Copyright 2006 The Stock Exchange of Mauritius