News Release

MJ Logistic Services Ltd. sets up first of its kind world class multi user logistics centre at Palwal in North India

New Delhi, February 2009: M.J. Logistic Services Ltd (MJ), a third party logistics (3PL) solutions provider has set up the first of its kind world class logistics centre at Palwal (Delhi- Agra highway). The first phase is scheduled to go live from March 2009 with 200,000 square feet of area having 20,000 pallet positions of ambient storage, and temperature controlled chambers from 10 degrees to - 25 degrees centigrade under a single roof.

The ultra modern facility is equipped with best in class infrastructure like high bay pallet racking, modern material handling equipment, efficient dock levellers and dock doors, cold store environment, full power back up with dedicated gensets, adequate internal and external lighting, best in class surveillance, access control, fire detection and fire fighting systems, planned storm water drainage and rain water harvesting systems, fully equipped office building including mess and wash area with lockers for workers, and sewage treatment plant.

Strategically located to cover the Northern region, the Palwal facility will be the main hub with the soon to be developed centres at Zirakpur (Punjab) and Haridwar (Uttarakhand) as the spokes. The centres will cater to the needs of the largest FMCG and retail market in India (NCR region) and the emerging industrial hubs in Punjab and Uttarakhand.

Mr. Anil Arora - Managing Director, MJ commenting on the new facility said, "We are offering clients an unmatched and unbeatable proposition that ensures true realisation of the 3PL promise. The Pay per Use model we are offering clients will enable access to a world class facility with no capital expenditure and with the flexibility to scale up or down as per business needs".

The Palwal facility has been developed to provide complete storage, transportation, distribution and cold chain enabled solutions to FMCG, Auto components, Retail, Paints & Foods businesses with special focus on delivering the critical 'last mile' from the facility and across the network. The facility has the Best-of-breed WMS that can rapidly integrate with ERP and other transaction systems and also be accessible over the Web.

Key highlights of MJ's service offerings to the customers:

Notes to the Editors

MJ traces its origins to 1993, when the company started providing quality warehousing and distribution services, operating mainly out of own properties in Mandoli (Delhi). With the growth of the 3PL services industry, MJ has expanded from managing 3, 25,000 sq. ft in 2004 to over 1 million sq. ft of warehousing space at present, with the capability to provide integrated cold chain enabled logistics services across various sectors. The company manages over 5,000 vehicle transactions a month and has a strong presence in Delhi NCR, and operations in Haryana, Punjab, Himachal Pradesh, and Uttarakhand.

MJ prides itself on designing and executing innovative customer-centric supply chain solutions that address the logistical challenges and issues faced by the customers. MJ's hall mark has been its distinctive strategic benefits offered to customers like dry and cold logistics services under one roof, reduced cycle time, web based IT support, standardized environment, improved stock accuracy. This is combined with providing operational excellence like flexibility, scalability and access to local know-how. The commitment to delivering the critical 'last mile' for its customers has enabled MJ to service & retain top of the line clientele.

Investment by Eredene Capital Plc, UK

Eredene Capital Plc a self-managed investment company which invests in high quality real estate & infrastructure projects in India has already taken a majority stake in M J Logistic Services Ltd. Eredene trades on the Alternative Investment Market (AIM) of the London Stock Exchange. For more information please log onto www.eredene.com

Senior Management Profile

Anil Arora - Founder and Managing Director

Anil Arora, the promoter of MJLSL is a second-generation entrepreneur who has transformed his family run warehousing business into a forward-looking 3PL company. In the logistics business for over a decade Anil has reinvented his business to keep pace with the fast changing dynamics of the logistics business and be valuable to clients.

Anil looks into strategy development, business development and operation functions at MJLSL.

Sugato Chandra, Executive Director

Sugato Chandra has over 25 years of experience across MNCs, of which 15 years are spread across different aspects of supply chain. He has worked with Philips, Sembcorp Logistics & TAKE Solutions (CMM Level 5 IT Supply Chain solutions company), and has successfully designed and implemented logistics center projects in India. Mr. Chandra has maintained competitive advantage in the introduction of technology in logistics, and leads Projects & Technology at MJLSL.