Dear Sir With reference to the captioned subject, we are pleased to inform you of the opening of second international hotel, and the first hotel in Bhutan, today, under the Company's brand 'Lemon Tree Hotel', located on Changlam street, Thimphu, Bhutan. The hotel features 27 well-appointed rooms, complemented by a multi-cuisine restaurant, Citrus Cafe, with a picturesque al fresco dining area, Citrus Patio; a recreation bar, Slounge; a well-equipped fitness center and more. The hotel shall be managed by Carnation Hotels Private Limited, a subsidiary and the hotel management arm of Lemon Tree Hotels Limited. Please find attached herewith the copy of the press release. Please take the above intimation on record.