GAMMON INDIA LIMITED

(ii) in the case of the Reformatted Consolidated Profit and Loss Accounts, of the profit of the Group for the years
ended on these dates; and
(iii) in the case of the Reformatted Consolidated Cash Flow Statements, of the cash flows of the Group for the
years ended on these dates.
This report is solely for your information and for inclusion in the Preliminary Placement Document and the Placement Document
prepared in connection with the Qualified Institution Placement of its equity shares of the company and is not to be used, referred to
or distributed for any other purpose without our prior written consent.
For Natvarlal Vepari & Co
Chartered Accountants
N. Jayendran
Partner
Membership No. 40441
Mumbai, Dated: December 1, 2009
F 7