Suzlon Energy - Initial Public Offering by Hansen Transmission International NV, Belgium

Suzlon Energy Ltd has informed that Belgium based Hansen Transmission International NV (Hansen), the subsidiary Company of the Company, has now completed the Initial Public Offering (IPO) of its subsidiary shares. An offer price of 175 pence per share has been set in respect of the ordinary shares offered to the institutional investors in the IPO, which in turn reflects a total post-money market capitalisation at the offer price of approximately Euro 1.60 billion. The said shares of Hansen will be formally listed on the London Stock Exchange on December 11, 2007 although conditional trading in the shares has commenced on December 06, 2007.