Ground Breaking Ceremony Avesthagen by jolinmilioncherie


									                                                                          PRESS RELEASE


Bangalore, August 13, 2008- AVESTHAGEN LIMITED, India’s leading knowledge based Life
Sciences Company, today broke ground for its new corporate headquarters and R&D
campus. This new fourteen storey campus spanning 400,000 sq ft will be built on a 2.63 acre
plot in the International Technology Park Bangalore (ITPB). The new campus is expected to
be ready by June 2010. The campus will house the company’s lab and research facilities,
work stations, auditorium, service block and other facilities.

Dr. Villoo Morawala-Patell, Founder & CMD,
AVESTHAGEN LIMITED, said, "We are delighted to
commence work on the new campus. Along with
Ascendas we are proud to begin work on
enhancing infrastructure facilities at Bangalore to
make it a premier biotechnology destination
globally. The center will provide a fully integrated
technology platform and turnkey solutions for the
production of various products to the biotech
industry and the scientific community. "

The design is in sync with firm’s philosophy and
will emphasize on natural elements such as trees,
fountains, natural lighting and ventilations, etc. The new campus will house state of the art
research & development facilities; the research facilities on the campus will go a long way in
supporting high end global research in the field of bio-technology. Avesthagen is designing
this campus on best-in-class sustainability principles to achieve energy efficiency, water
sustainability, preservation and promotion of biodiversity and effective waste management.

This campus will be developed along with Ascendas, Asia's leading provider of business
space solutions. Avesthagen will tap on Ascendas’ expertise in creating world-class
business space and develop this project into one of the most preferred destinations in India.

Mr. Lim Sin Tiow, CEO, India Operations, Ascendas said, “It gives us great pleasure to work
with Avesthagen Limited to build this new world class campus for biotechnology. This project

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reiterates our commitment to provide a wider range of business options to our customers for
their expansion in India’s booming life sciences industry.”

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AVESTHAGEN LIMITED ( is India’s leading integrated systems
biology platform company that focuses on achieving convergence of food, pharma and
population genetics leading to predictive preventive and personalized healthcare. It employs
600 people worldwide and is headquartered in Bangalore. Avesthagen Limited has
established world class, state-of-the-art laboratory facilities in Bangalore. It began business
operations in 2001.Since its inception Avesthagen has grown into one of India's leading
healthcare technology group in India, and its activities include, in addition to its agri-
biotechnologies product pipeline, development of clinically validated botanical bioActives,
derived from Indian medicinal plants, as well as the development of a pipeline of bio-similar
drugs. Avesthagen Limited has four strategic business units: bioPharmaceuticals,
bioNutrition, bioAgriculture and Science & Innovation. Its partners include multiple top 10
global companies in each of its fields of research. Avesthagen Limited collaborates at every
stage in the value chain with appropriate partners, both public and private, for access to and
exchange of technology and overall commercial expertise to leverage the ‘India advantage’.

Avesthagen Limited is proposing, subject to receipt of requisite approvals, market conditions
and other considerations, a public issue of its equity shares and to file a Draft Red Herring
Prospectus with SEBI. This announcement does not constitute an offer of equity shares for
sale in any jurisdiction, including the United States of America, and any equity shares of the
Company may not be offered or sold in the United States absent registration under the United
States Securities Act of 1933, as amended, or pursuant to an exemption from registration.

Ascendas develops IT Parks and hi-tech buildings, as well as Built-to-Suit and Ready-Built
Facilities. Starting with the landmark International Tech Park Bangalore (ITPB), Ascendas
has since followed on its success with CyberPearl and The V in Hyderabad, and
International Tech Park Chennai (ITPC). Ascendas is also developing International Tech
Park in Pune (ITPP) and CyberVale within Mahindra World City in Chennai. Ascendas will
also be developing two integrated IT SEZ projects in Coimbatore and Gurgaon.
In June 2007, Ascendas launched the Ascendas India Development Trust (AIDT), a private
development fund focusing on integrated property development projects. In August 2007, the
Ascendas India Trust (a-iTrust) was launched as Singapore’s first listed Indian property trust.


For more information, please contact:
Anil Chauhan
Avesthagen Limited
Vice President – Business Development
Tel: +91-80-2841 1665/2308
Fax: +91-80-2841 8780

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