GAMMON INDIA LIMITED

FORWARD LOOKING STATEMENTS
All statements contained in this Placement Document that are not statements of historical fact constitute
“forward-looking statements.” Investors can generally identify forward-looking statements by terminology such
as “aim”, “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “objective”,
“plan”, “potential”, “project”, “pursue”, “shall”, “should”, “will”, “would”, or other words or phrases of similar
import.
All statements regarding the Company’s expected financial condition and results of operations and business
plans and prospects are forward-looking statements. These forward-looking statements include statements as to
the Company’s/ its subsidiaries’ business strategy, revenue and profitability and other matters discussed in this
Placement Document that are not historical facts. These forward-looking statements and any other projections
contained in this Placement Document (whether made by the Company or any third party) are predictions and
involve known and unknown risks, uncertainties, assumptions and other factors that may cause the Company’s/
its subsidiaries’ actual results, performance or achievements to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking statements or other projections. All
forward-looking statements are subject to risks, uncertainties and assumptions about us that could cause actual
results to differ materially from those contemplated by the relevant forward-looking statement. Important factors
that could cause actual results to differ materially from our expectations include, among others:
general, political, economic, social and business conditions in Indian and other global markets;
our ability to successfully implement our strategy, growth and expansion plans;
competition in the Indian and international markets;
availability of adequate debt and equity financing at reasonable terms;
performance of the Indian debt and equity markets; and
changes in laws and regulations applicable to companies in India, including foreign exchange control
regulations in India.
Important factors that could cause actual results, performance or achievements to differ materially include, but
are not limited to, those discussed under “Risk Factors”, “Business” and “Management’s Discussion and
Analysis of Financial Condition and Results of Operations”.
The forward-looking statements contained in this Placement Document are based on the beliefs of management,
as well as the assumptions made by and information currently available to management. Although the Company
believes that the expectations reflected in such forward-looking statements are reasonable at this time, it cannot
assure investors that such expectations will prove to be correct. Given these uncertainties, investors are
cautioned not to place undue reliance on such forward-looking statements. If any of these risks and uncertainties
materialize, or if any of the Company’s underlying assumptions prove to be incorrect, the Company’s actual
results of operations or financial condition could differ materially from that described herein as anticipated,
believed, estimated or expected. All subsequent forward-looking statements attributable to the Company are
expressly qualified in their entirety by reference to these cautionary statements.
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