January 31, 2017 To,

BSE Limited

Phiroze Jeejeebhoy Towers, Dalal Street,

Mumbai - 400 001

,,E RCATO R

w w w . m e r c a t o r . i n

To,

National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex

Bandra (E), Mumbai - 400 051.

Scrip Code: 526235 Scrip Code: MERCATOR Sub: Update on Sale of Floating Production Unit

Dear Sir,

This refers to our letter dated December 9, 2016 informing proposed Sale of Floating Production Unit of Mercator Offshore (P) Pte. Ltd., (MOPPL) a step down subsidiary of the Company. Pursuant to provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"); please find below updates:

The transaction is delayed due to process reasons and is expected to be completed by 15th February, 2017 or earlier.

Please acknowledge. Thanking you,

MERCATOR LIMITE D

(CIN : L63090MH1 983PLC03141 8)

31 Mittal Tower . B, Nariman Point, Mumbai - 400021. I ndia. Tel:+ 91 22 66373333 Fax: + 91 22 66373344 mercator@mercator.in

Mercator Lines Limited published this content on 31 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 31 January 2017 12:09:08 UTC.

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