ANNOUNCEMENTS

HMT LIMITED
(A Government of India Undertaking)
Registered Office: No: 59, Bellary Road,
Bangalore 560 032

POST-PONEMENT OF DUE DATE FOR REDEMPTION OF SECOND INSTALLMENT OF

8.50% GOVERNMENT OF INDIA (GOI) GUARANTEED VRS BONDS SERIES-F
AGGREGATING TO RS. 91.71 CRORES
FROM NOVEMBER 27, 2009 TO NOVEMBER 27, 2010

Reference is invited to “Notice” given by HMT Ltd. in All-India edition of The Economic Times dated
July 23, 2009 to all the holders of 8.50% GOI Guaranteed VRS Bonds Series-F.

The redemption of second installment of 8.50% GOI Guaranteed VRS Bonds Series-F amounting to
Rs. 91.71 crores is proposed to be made out of sale proceeds of surplus land of the Company and
its Subsidiaries and out of funds to be received by the Company from the Govt. of India on account
of its revival / restructuring plan.

For the purpose of monetizing on surplus lands of the Company and its Subsidiaries, the Company
has entered into an “Advisory services agreement” with IL&FS to promote development as well as
generate revenue through the gainful utilization of its surplus vacant lands / properties as well as
identified properties for outright sale. Based on these developments, it is envisaged that the said
sale should materialize and funds would be available with the Company by this year end/ beginning
of next year. Besides, the revival/ restructuring plan of the Company is under active consideration of
the Govt. of India and funds are expected to be available to the Company by this year end.

In view of the above, as a matter of abundant precaution, HMT Ltd. proposes to post-pone the due
date for redemption of the second installment of 8.50% Government of India (GOI) Guaranteed VRS
Bonds Series-F amounting to Rs. 91.71 crores from November 27, 2009 to November 27, 2010.
Thus, the Company shall redeem both the second and third installment of redemption of 8.50% GOI
Guaranteed VRS Bonds Series-F amounting to Rs. 213.99 crores in full on November 27, 2010.
Payment of seventh and eighth annual interest on the aggregate outstanding face value of said
Bonds shall be effected as per schedule.

The said post-ponement of due date for redemption of the second installment of 8.50% Government
of India (GOI) Guaranteed VRS Bonds Series-F amounting to Rs. 91.71 crores from November 27,
2009 to November 27, 2010 shall be executed by HMT Ltd. by way of seeking written consents from
the bondholders holding at-least three-fourth of the outstanding face value amount of Bonds
pursuant to provisions contained under clause 14 of “Covenants and Conditions” specified in the
“Bond Trust Deed” dated July 22, 2003 executed by and between HMT Ltd. and UCO Bank and
provisions contained under para on “Modification of Rights” on page 9 of the “Confidential
Information Memorandum” issued by HMT Ltd., for issue of the said Bonds.

Bondholders may please note that the “Record Date” for this purpose shall be July 31, 2009.
Request for seeking consent for post-ponement of due date for redemption of second installment of
Bonds would be sent by HMT Ltd. to all the Bondholders/ Beneficial Owners of the Bonds as at the
end of Record Date. In case of joint holders, such request shall be sent to the bondholder named
first.
For Bonds held in electronic/ dematerialized form, HMT Ltd. shall request the Depository to provide
a list of Beneficial Owners as at the end of the Record Date, which shall be taken into account by
HMT Ltd. for sending request for seeking consent for post-ponement of the due date for redemption
of the second instalment of 8.50% Government of India (GOI) Guaranteed VRS Bonds Series-F
amounting to Rs. 91.71 crores from November 27, 2009 to November 27, 2010.

For Bonds held in physical form, the names of bondholders appearing in the register of bondholders
as at the end of the Record Date shall be taken into account by HMT Ltd. for sending request for
seeking consent for post-ponement of the due date for redemption of the second instalment of
8.50% Government of India (GOI) Guaranteed VRS Bonds Series-F amounting to Rs. 91.71 crores
from November 27, 2009 to November 27, 2010. All requests for transfer of Bonds received upto
July 31, 2009, being the Record Date, shall be taken into account by the Registrar and Transfer
Agents (RTA), Karvy Computershare Pvt. Ltd. (Address: Plot No. 17-24, Near Image Hospital,
Vittalrao Nagar, Madhapur, Hyderabad – 500081; Tel: (040) 23420815-20; Fax: 91-40-23420814).

Bangalore. sd/-
Dated: July 23, 2009. Company Secretary