Moschip Semiconductor - Grant of Stock Options

Moschip Semiconductor Technology Ltd has informed BSE that the Compensation Committee of the Company by passing resolution by circulation on November 26, 2007 has granted, in aggregate 626,000 (Six Lakh Twenty Six Thousand Only) stock options to the eligible employees of the Company under the MosChip Stock Option Plan 2001, 2002 and 2004, at a price of Rs 24.40 per option (Closing Price as on November 23, 2007 at BSE).