Promethean Invests in EIH Ltd

RNS Number:3767S
Promethean India PLC
15 April 2008


For immediate release
15 April 2008

                              Promethean India PLC

                    Promethean India PLC invests in EIH Ltd.

Promethean India Plc (AIM: PTHI) ("Promethean India") is pleased to disclose
it's economic interest of 1.36% shareholding in EIH Limited ("EIH" or "the
Company") which was previously disclosed in Promethean India's final results
statement announced on 25 February 2008 as Project Hospitality. The economic
interest is held through its Mauritian subsidiary, Promethean India Investments
Fund 2 ("Fund 2"). In addition, the co-investment vehicle of the Burman family,
Promethean India Finance (PIF), has acquired a 0.20% stake in the Company.

EIH is listed on the Bombay and National Stock Exchanges in India and is one of
India's leading hotel chains. EIH is the flagship company of the Oberoi Group,
which owns or manages 33 hotels and five luxury cruisers across six countries
under the 'Oberoi Hotels & Resorts' and 'Trident Hilton' brands.

Promethean India's mandate and investment strategy calls for the Fund to invest
in both listed and private businesses in India.. Promethean India is excited
about the prospects for EIH and believes that the current growth in both
international travelers visiting India and the rise in domestic travel will
ensure continued demand for the Oberoi Groups superior product offering.
Currently, the Company operates approximately 2,500 rooms and has announced
major expansion plans to add 1,500 rooms over the next 3 years, including a 440
room hotel in Bandra-Kurla, one of the best locations in Mumbai. The Company
also owns one of the largest flight catering business in India and manages
airport restaurants and corporate air charters. Promethean Indian believe that
the Indian hotels sector is enjoying pricing power and despite the new supply,
there is a shortfall in the number of hotel rooms needed.

Gaurav Burman, a partner at Promethean Investments LLP commented, "The Oberoi
Group has a premium brand image and highly valuable properties. There could well
be a re-rating of the sector if hotels start trading on the basis of NAV as they
normally do in Asia. We feel we are investing in one of the best global
hospitality brands with a world-class management team. We look forward to their
continued success."

Enquiries:
Gaurav Burman - Promethean Investments LLP [phone]
Nandita Sahgal - Seymour Pierce Limited [phone]

Promethean India plc is managed by Promethean Investments LLP which is
authorized and regulated by the Financial Services Authority.

Notes to Editors:

Promethean India PLC

Promethean India PLC, an investment company that focuses on businesses that are
established or operating in India, was admitted to trading on the Alternative
Investment Market ('AIM'), under the ticker symbol PTHI for the Ordinary Shares
and PTHW for the Warrants.

The Company raised £50 million (gross of expenses) via a Placing of new Ordinary
Shares and Warrants. The Company and its subsidiaries are advised by Promethean
Investments LLP (the 'Investment Manager') and by an Indian resident investment
adviser (the 'Investment Adviser').

Promethean Investments LLP

Promethean Investments LLP is a specialist fund manager that focuses on activist
private equity investing in both quoted and private UK and Indian businesses.
Promethean aims to acquire an interest in public and private companies where it
believes opportunities exist to create or unlock near-term value. It combines
active management, financial leverage and flexibility to create bespoke deal
structures for quoted and unquoted companies.

Promethean Investments LLP manages Promethean Plc, a £57 million AIM quoted
private equity fund and also manages Promethean India Plc, a £50 million AIM
quoted private equity fund that targets value and growth opportunities in India.




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