Dear Sir With reference to the captioned subject, we are pleased to inform you regarding the opening of the hotel under the company's brand 'Lemon Tree Premier' at Vijayawada. This is the second property of the brand in the third largest city of Andhra Pradesh. The hotel features 122 well-appointed rooms and suites, a multi-cuisine coffee shop - Citrus Cafe, an award winning pan-Asian restaurant - Republic of Noodles, a bar - Slounge, meeting and conference spaces, and recreation facilities, including a swimming pool, a well-equipped fitness center etc. 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. Further, it is hereby informed that the Hotel Operating Agreement and License Agreement for a hotel property under development (60 rooms) in Ranthambore has been terminated mutually, with the consent of the parties.