Plywood Industry

Letter of Offer Dated September 14, 2009 For Equity Shareholders of our Company only

GREENPLY INDUSTRIES LIMITED

We were originally incorporated as “Mittal Laminates Private Limited” on November 28, 1990 under the Companies Act, 1956. We were converted into a public limited company and our name was changed to Mittal Laminates Limited pursuant to a fresh certificate of incorporation dated November 1, 1994. Our name was changed to Greenply Industries Limited pursuant to a fresh certificate of incorporation dated January 17, 1996 issued by the Registrar of Companies, Shillong. Registered Office: Makum Road, Tinsukia, Assam – 786 125; Telfax: +91 374 233 1453/ 233 2007 Corporate Office: 16-A Shakespeare Sarani, Kolkata – 700 071 Tel: +91 33 2282 2175/ 30515000 Fax: +91 33 30515010 Contact Person: Mr. Kaushal Kumar Agarwal, Company Secretary and Compliance Officer. E-mail: investors@greenply.com Website: www.greenply.com Our Promoters: Mr. Shiv Prakash Mittal, Mr. Rajesh Mittal, Mr. Saurabh Mittal and Mr. Shobhan Mittal FOR PRIVATE CIRCULATION TO THE EQUITY SHAREHOLDERS OF OUR COMPANY ONLY ISSUE OF 50,99,234 EQUITY SHARES WITH A FACE VALUE OF RS. 5 EACH AT A PREMIUM OF RS. 85 PER EQUITY SHARE FOR AN AMOUNT AGGREGATING RS. 4,589.31 LACS ON A RIGHTS BASIS TO THE EXISTING EQUITY SHAREHOLDERS OF GREENPLY INDUSTRIES LIMITED (“COMPANY”) IN THE RATIO OF 3 (THREE) EQUITY SHARE(S) FOR EVERY 10 (TEN) FULLY PAID-UP EQUITY SHARE(S) HELD BY THE EXISTING EQUITY SHAREHOLDERS ON THE RECORD DATE, THAT IS ON SEPTEMBER 8, 2009. FOR EVERY 10 (TEN) EQUITY SHARE(S) ALLOTED ON A RIGHTS BASIS, 4 (FOUR) DETACHABLE WARRANT(S) WILL BE ISSUED AND ALLOTTED. THE ISSUE PRICE IS 18 (EIGHTEEN) TIMES THE FACE VALUE OF THE EQUITY SHARES. FOR FURTHER DETAILS, PLEASE SEE THE SECTION TITLED “TERMS OF THE ISSUE” ON PAGE 338 OF THIS LETTER OF OFFER. GENERAL RISK Investments in equity and equity related securities involve a degree of risk and Investors should not invest any funds in this Issue unless they...