Pantaloon Retail India Ltd has informed BSE that the Committee of Directors at its meeting held on May 22, 2009, inter-alia:

1. Allotted 1,51,00,000 equity shares of Rs 2/- each at a premium of Rs 181/- per share aggregating to Rs 276.33 crores to the following allottees being Promoter / forming part of the Promoter group and Private Investors not forming part of Promoter Group on a preferential basis in accordance with Chapter XIII of Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000.

(i) Name of allottee : PFH Entertainment Ltd
- No. of equity shares : 1,10,00,000

(ii) Name of allottee : Dharmayug Investments Ltd
- No. of equity shares : 41,00,000

2. Allotted 50,00,000 warrants of Rs 2/- each at a premium of Rs 181/- per share aggregating to Rs 91.50 crores on receipt of the initial amount of Rs 22.875 crores (being 25% of the price fixed for the share arising out of such warrants) to PFH Entertainment Ltd, Promoter / forming part of the Promoter group on a preferential basis with an option attached to the warrant holder to acquire, for every warrant, one fully paid up equity share within 18 months from the date of allotment of the warrants in accordance with Securities and Exchange Board of India (Disclosure & Investor Protection) Guidelines, 2000 as amended from time to time.