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GAMMON INDIA LIMITED

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EXCHANGE RATE INFORMATION<br />

The following table sets forth information concerning exchange rates between the Rupee and the U.S. dollar<br />

for the periods indicated. Exchange rates are based on the reference rates released by the Reserve Bank of<br />

India. No representation is made that any Rupee amounts could have been, or could be, converted into U.S.<br />

dollars at any particular rate, the rates stated below, or at all. On September 29, 2009, the exchange rate was<br />

Rs. 48.04 to US$1.00.<br />

Period End Average (1) High Low<br />

Year Ended<br />

December 31: (Rs. Per US$1.00)<br />

2006 ............................................................... 44.23 45.30 46.95 44.07<br />

2007 .............................................................. 39.41 41.20 44.61 39.27<br />

2008 .............................................................. 48.45 43.84 50.52 39.27<br />

Quarter Ended:<br />

December 31, 2008 ....................................... 48.45 49.18 50.52 46.88<br />

March 31, 2009 ............................................. 50.95 50.23 52.06 48.37<br />

June 30, 2009 ................................................ 47.87 48.46 50.53 46.84<br />

September 30, 2009..…….………………... 48.04 48.42 49.40 47.54<br />

(1) Represents the average of the reference rates released by the Reserve Bank of India on the last day<br />

of each month during the period for each year and quarter presented.<br />

The following table sets forth information concerning exchange rates between the Rupee and the Euro for<br />

the periods indicated. Exchange rates are based on the reference rates released by the Reserve Bank of<br />

India. No representation is made that any Rupee amounts could have been, or could be, converted into the<br />

Euro at any particular rate, the rates stated below, or at all. On September 29, 2009, the exchange rate was<br />

Rs. 70.24 to Euro 1.00.<br />

Period End Average (1) High Low<br />

Year Ended<br />

December 31: (Rs. Per Euro1.00)<br />

2006 ............................................................... 58.26 57.01 59.90 52.66<br />

2007 .............................................................. 58.12 56.56 59.21 54.32<br />

2008 .............................................................. 68.22 63.72 69.17 57.27<br />

Quarter Ended:<br />

December 31, 2008 ....................................... 68.22 64.37 69.17 60.57<br />

March 31, 2009 ............................................. 67.48 65.03 69.11 62.10<br />

June 30, 2009 ................................................ 67.69 66.40 68.49 64.43<br />

September 30, 2009 ……………………... 70.24 69.16 71.06 67.25<br />

(1) Represents the average of the reference rates released by the Reserve Bank of India on the last day<br />

of each month during the period for each year and quarter presented.<br />

34

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