July 3, 2007: Bharti Enterprises is pleased to announce that one of its group   companies has   decided to grant an option to acquire an indirect stake in Bharti Airtel Limited to  a  wholly  owned  subsidiary of Temasek  Holdings  (Private) Limited, Singapore. The option arrangement envisages acquisition  of such number of shares which, on exercise, will result in a beneficial stake in Bharti Airtel Limited to the extent of 4.99%.

Bharti Enterprises continues to maintain a controlling interest of over 45%  in  Bharti  Airtel  Limited  through  its subsidiary Bharti Telecom Limited.