PR On Injunction Against Decision Of GoM
Male, 3rd December, 2012: GMIAL is pleased to advise that the High Court of Singapore has today granted injunctive relief against the applicability and operations of Letter Ref No. 13-M/PRIV/2012/921, dated 27/11/2012 issued by the Ministry of Finance & Treasury, GOM. The High Court upon hearing both the parties was pleased to grant this stay in favor of GMIAL (consortium of GMR-MAHB). Both MACL and MoFT, pursuant to the notice issued on 27th Nov 2012 either directly or indirectly, are not allowed to interfere with the rights of the Investor (GMR-MAHB consortium) under the concession agreement.

With this GMIAL shall continue to operate the Ibrahim Nasir International Airport as usual as per the provisions of the Concession Agreement. It may be recalled that GMIAL, a consortium of GMR- MAHB (Malaysian Airports) won the bid to operate and modernize Ibrahim Nasir International Airport post a successfully run International competitive bidding conducted by IFC, an arm of the World Bank in a most transparent and open manner.

The GMR – MAHB consortium had emerged successful amongst the shortlisted six parties in the Male' Airport privatization global bid process managed by IFC, an arm of World Bank.

About GMIAL: GMR Male' International Airport Pvt. Ltd. (GMIAL) is a joint venture company comprising GMR Infrastructure Limited (GIL) (77%) and Malaysia Airports Holding Berhad (MAHB) ( 23%). In 2010, GMIAL won the right to build and operate the Ibrahim Nasir International Airport (INIA) for 25 years, which is extendable by another 10 years. Our plan envisages to develop a (0.6 million sq feet) state-of-the-art integrated world class passenger terminal increasing the terminal capacity to handle 5.5 mn passengers pa and a (20,000 sq feet) VIP terminal, apart from landside development and improving existing terminal, to enhance passenger comfort and services. Situated on Hulhule Island in the Maldives at the South western tip of India, INIA is one of the fastest growing airports in the region.

For Further details, please contact

Mr. Hassan Areef
Manager – Corporate Communications
GMR Male International Airport Pvt Ltd

Ms. Sowmya Shenoy
Manager – Corporate Communications
GMR Group