Valuation Report

Valuation report on (i) fair value of equity shares and Compulsorily Convertible Debentures of Deccan Gold Mines Limited; (ii) fair value of equity shares of Geomysore Services India Private Limited; (iii) the fair share swap ratio for allotment of equity shares of Deccan Gold Mines Limited for purchase of equity shares of Geomysore Services India Private Limited; and (iv) the fair share swap ratio for allotment of Compulsorily Convertible Debentures of Deccan Gold Mines Limited for purchase of equity shares of Geomysore Services India Private Limited

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