1 October 2009 to 31 March 2010

8th October

Announcement to sell a vessel during trading hour gave investor some confidence and stock price went
up by 20 rs.

27 to 30th October

Oil prices were very high shipping industry was effected and later on 30 th April quarterly result was
declared and prfit declined by 80% which effected this company.

Rest in November it was constant but spot freight rate fix encouraged whole shipping sector and and price
started increasing in mid November it was increased by 10%.

It was constant throughout in December some ups and down little bit due to market trend.

January

Stock went up due to the company signed a contract to buy a medium range (MR) product tanker. The
stock topped the gainers in the BSE's 'A' group. Stock went down again in January end when the company
announced its quarterly result it went down by 68%.

February

In February whole shipping industry went down with small margin an same trend was followed by GE
shipping also.

March

GE had taken board approval to bring an initial public offer for its subsidiary, Great Ship. The company is
planning the IPO to raise finances for the expansion of its subsidiary that is currently operating two rigs
and 14 offshore supply vessels. The offshore service provider is expecting delivery of eight more such
vessels in the near future..So investors had a positive feeling and they invested went up.