Kindly be informed that Company’s US Subsidiary, EI Ceramics LLC has completed initial expansion of its manufacturing facilities in Sharonville and Fairfield Ohio in December 2014. This has resulted in a capacity increase to the main line Sharonville ISO Plant from previous 85,000 pcs per annum to a new current level of 126,000 pcs per annum. Also, in Fairfield the installation of a completely new plant for the manufacture of the Clay graphite foundry stoppers with a capacity of 10,000 pcs per annum.

Total capital expenditure for the project has been partly financed through internal accruals and partly by loan from a bank