Rolta Response to Second Glaucus Rebuttal of May 7, 2015

Mumbai, India (ots/PRNewswire) -

The Company makes reference to the report and the first rebuttal
published by Glaucus Research Group California LLC, (Glaucus) on 16
April 2015 and 23 April 2015 respectively in relation to value of the
Senior Notes issued by the subsidiaries of the Company in 2013 and
2014 (Bonds) which are listed on the Singapore Stock Exchange.
Pursuant to the Company's response to the first rebuttal, Glaucus has
released another rebuttal on 7 May 2015.

(Logo: http://photos.prnewswire.com/prnh/20121023/570667 )

The Company in its responses dated 20 April 2015 and 27 April 2015
has provided detailed rebuttals and explanations supported by
authentic data and information and demonstrated that the allegations
made by Glaucus are baseless. Glaucus has simply ignored and
misconstrued the responses of the Company. Glaucus continues to
attempt to mislead the readers with unsubstantiated allegations,
quoting the management out of context, and incorrect comparisons (in
some cases, even with incorrect figures) to present a distorted
picture. The Company sees no merit in continuing to entertain such
baseless allegations with further responses.

The Company reiterates its categorical denial in entirety of the
contents of the report and each of the rebuttals published by
Glaucus, especially since such rebuttals are essentially recycled
portions of the report published by Glaucus on April 16, 2015 and
contains the same allegations.

The Company takes this opportunity to re-emphasize that
shareholders of the Company, investors (including potential
investors) and bondholders should exercise extreme caution in reading
the report and rebuttals published by Glaucus. Glaucus by its own
admission is biased and in the business of short selling and attempts
to profit by issuing opinionated and prejudiced research reports such
as the report and rebuttals issued against the Company.

About the Company: The Company is a leading provider of innovative
IT solutions for many vertical segments, including federal and state
governments, defence/HLS, utilities, process, power, financial
services, manufacturing, retail, and healthcare. The Company is
recognized for its extensive portfolio of indigenous solutions based
on field-proven Rolta IP tailored for Indian defence / HLS. By
uniquely combining its expertise in the IT, engineering and
geospatial domains, the Company develops exceptional IP-based
cloud-ready solutions to enable its customers globally to readily
exploit the power of BI, big data analytics, and IT-OT fusion. The
Company is a multinational organization headquartered in India. The
Company operates from over 40 locations worldwide and has executed
projects in more than 45 countries. The Company's equity shares are
listed on BSE and NSE in India, its GDRs are listed on the Main Board
of London Stock Exchange and its 'Senior Notes' are listed on
Singapore Stock Exchange.

For additional information or clarifications:

Mr Atul Tayal
Jt. MD & COO - Domestic Operations
Member of the Board
Rolta India Limited
adtayal@rolta.com
Telephone: +91(22)2926-6666

Mr Hiranya Ashar
Jt. MD & Group CFO,
Member of the Board
Rolta India Limited
hiranya.ashar@rolta.com
Telephone: +91(22)2926-6666

Photo:
http://photos.prnewswire.com/prnh/20121023/570667

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