Article: ARISTOCRAT LUGGAGE ANNOUNCES OUTCOME OF BOARD MEETING

Report from the India Press Release brought to you by the Hindustan Times

MUMBAI, India, June 29 -- The Bombay Stock Exchange (BSE) of India made the following corporate announcement:

Aristocrat Luggage Ltd., has informed BSE that the Board of Directors of the Company at its meeting held on June 29, 2007, inter alia, has:

1. Considered and approved the Valuation Report for the purpose of determining the share exchange ratio, submitted by PricewaterhouseCoopers Pvt. Ltd., and Suresh Surana & Associates, Chartered Accountants.

2. Considered and approved the draft of the Scheme of Amalgamation for the proposed amalgamation of the Company and Quality Plastics Ltd., ...

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