Announcements

A meeting of the Board of Directors of the Company is being convened on Saturday, 23 July 2011 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 30 June 2011.

A meeting of the Board of Directors of the Company is being convened on Wednesday, 20 July 2011 to consider and adopt, inter-alia, the Audited Financial Results of the Company for the financial year ended 31 March 2011.

Selan Appoints Mr. Andrew Wenk as President & CEO

Selan Exploration is pleased to announce the appointment of Mr Andrew Wenk as President and CEO of the Company.

Mr Wenk joins us from Cairn Energy, where he was General Manager – Petroleum Engineering Operations, and helped lead the Company’s efforts to produce First Oil from Cairn’s highly challenging Rajasthan oilfields.

At Selan, Mr Wenk will look to build a formidable team that can and will apply the best Reservoir Engineering and Production Engineering technologies suitable for the full scale development of the Company’s Oil and Gas fields, leading to the monetization of the Company’s significant reserves base.

Prior to joining Cairn, Mr Wenk worked for Reliance Industries in the KG Basin, and played an important role in sourcing and applying the latest technologies that helped Reliance bring to surface vast quantities of commercially viable gas from the D – 6 field.

Mr Wenk completed his engineering studies with distinction at The University of Adelaide in Australia, and has an overall record of more than two decades of exceptional achievements in oil and gas field development and production with various leading independent companies in the petroleum industry across the globe.

We are pleased to welcome Mr. Wenk and his family to Selan.

A meeting of the Board of Directors of the Company is being convened on Saturday, 14 May 2011 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 31 March 2011.

The Board of Directors of the Company; in their meeting held today, have declared a Second Interim Dividend of 15% (i.e. Rs. 1.50 per equity share) for the financial year 2010-11.

The Record Date for the purpose of Second Interim Dividend has been fixed as Friday, 25 March 2011 (as already intimated vide our letter dated 15 March 2011).

Further, in terms of the new proviso to Clause 20(a), the said dividend shall be paid / dispatched on Friday, 15 April 2011.

The Record Date for the purposes of Second Interim Dividend, if declared, by the Board of Directors in their meeting to be held on Thursday, 17 March 2011, (as intimated to you vide our letter dated 14 March 2011) has been fixed as Friday, 25 March 2011.

A meeting of the Board of Directors of the Company is being convened on Thursday, 17 March 2011 to consider declaration of Second Interim dividend for the year 2010-11, on the Equity Shares of the Company.

A meeting of the Board of Directors of the Company is being convened on Friday, 11 February 2011 to consider and adopt, inter-alia, the Unaudited Financial Results (Provisional) of the Company for the quarter ended 31 December 2010.

The Committee of Directors for Bonus Issue, in their meeting held today, have allotted 1,544,277 Bonus Shares of Rs. 10 /- each as fully paid in the ratio of 1 (One) Fully Paid-up Equity Share of Rs. 10/- for every 10 (Ten) existing Equity Shares of Rs. 10 /- each, held by the shareholders on the Record Date i.e. 3rd January 2011.

Further, in compliance with new Clause 22(d) of the Listing Agreement, introduced vide SEBI Circular No. CIR / CFD / DIL / 10 / 2010 dated 16 December 2010, it is hereby informed that the Bonus Shares so issued, shall be credited / dispatched to the shareholders on Wednesday, 19 January 2011.

The shareholders of the Company, in the Extraordinary General Meeting, held on 22 December 2010, have unanimously approved the resolution for issue of bonus shares in the ratio of 1:10 (i.e. one new equity share for ten existing equity shares), as sent to them vide notice dated 22 November 2010.

Further, the Record Date for the purposes of the aforesaid Bonus issue has been fixed as 3 January 2011.