22^nd June,2011

Dear Shareholder,

                Sub.:  “GO GREEN” initiative of the Ministry of Corporate Affairs, Government of India

The Ministry of Corporate Affairs (MCA) has taken a “Green Initiative in Corporate Governance” (Circular No. 17/2011 dated 21.04.2011 and Circular No. 18/2011 dated 29.04.2011) allowing paperless compliances by Companies through electronic mode. The companies are now permitted to send various notices /documents to its shareholders through electronic mode to the registered e-mail addresses of shareholders.  

This move by the Ministry is welcome since it will benefit the society at large through reduction in paper consumption and contribution towards a Greener Environment. The Company thus proposes to send all documents to be sent to Shareholders like General Meeting Notices (including AGM), Audited Financial Statements, Directors’ Report, Auditors’ Report, etc. henceforth to the shareholders in electronic form in lieu of the physical form.

Demat Mode

You are holding your shares of the Company in electronic form and do not have any email id registered in your Demat Account with the Depository. You can, therefore provide an email id to your Depository for the purpose of serving of documents by the Company in electronic mode.

Physical Mode

You are holding your shares of the Company in physical form. You can, therefore provide your email id to us on compliance_officer@ppdcl.com as your confirmation to receive above documents of the Company in electronic mode. 

As a member of the Company both physical and demat shareholders would be entitled to furnish, free of cost, a printed copy of the Annual Report of the Company, upon receipt of a requisition from you, at any time. You can mail us on compliance_officer@ppdcl.com for the same. The Annual Report of the Company would also be made available on the Company’s website: www.ppdcl.com

We are sure that you will whole-heartedly support this initiative of “Greener Environment” and co-operate with the Company to make it a success.

Thanking you,

 Yours faithfully,

 For Prime Property Development Corporation Ltd.

 Sd/-

 Zarana Jhaveri

Company Secretary and Compliance officer