GMR announces the framework for the appointment of the Statutory Auditors

Company Brief

Bangalore, January 17, 2009

GMR Infrastructure Ltd announces its Board’s decision to implement the following framework for the appointment and rotation of the statutory auditors of the Company and its subsidiaries.

To engage Joint Auditors for undertaking the statutory audit of the company at the earliest in accordance with the applicable provisions of the Companies Act, 1956 and other applicable regulations. To engage Joint Auditors for undertaking the statutory audit of subsidiaries, where necessary.

To rotate the Statutory Auditors at periodical intervals. The length of the period for rotation of Auditors shall be such as may be decided by the Board on the recommendation of Audit Committee. To appropriately utilise the services of reputed audit firms for specific assignments of audit as may be decided by the Board from time to time on the recommendation of the Audit Committee.

The Objective of utilisation of services of reputed professional firms as contemplated herein is to have reinforced checks and balances on the financials and corporate governance practices of the company and its subsidiaries.

For further information, please contact:

GMR

Dr. Vijay Vancheswar

Corporate Communications

Mobile: +91 9980137486