Aristocrat Luggage - Updates

With reference to the earlier announcement dated June 06, 2007 regarding at a meeting of the Committee of Directors, the Committee has considered and approved M/s. Price Waterhouse Coopers Pvt Ltd and M/s. Chhotalal H Shah & Co. Chartered Accountants, as valuers to undertake valuation of the equity shares of the Company towards determining the share exchange ratio to be recommended to the Board of Directors in the context of the proposed merger of the Company with V.I.P. Industries Ltd, Aristocrat Luggage Ltd has informed BSE that the Company has now decided to appoint M/s. Suresh Suranan & Associates, Chartered Accountants in place of M/s. Chhotalal H Shah & Co Chartered Accountants, as valuers to undertake valuation of the equity shares of the Company towards determining the share exchange ratio.