Directorate Change

India Hospitality Corp. Announces Appointment of Ajay Mehra as Director 
 
    NEW YORK, Feb. 4 -- India Hospitality Corp. (LSE: IHC, IHC or India 
Hospitality) today announced the appointment of Mr. Ajay Mehra, age 59, 
to the board of directors.  
    "We are pleased to welcome Ajay to the board and the IHC team. Ajay brings 
with him a wealth of experience in the aviation and hospitality industries and 
we look forward to his future contributions to our growth," said Chairman of 
the Board, Jason Ader. 
    Mr. Mehra is currently the Managing Director, South Asia, for Airbus 
S.A.S.  He joined Airbus in 2000 and has since generated $14 billion of 
business in the civil aviation industry through various sales and lease 
transactions.  Mr. Mehra has over 30 years of experience in marketing and 
business development across industries, including capital goods, industrial 
products and consumer services.  He has spent the last fifteen years of his 
career holding senior positions in the aviation industry, including with 
General Electric and Lucas Aerospace.  Prior to Lucas Aerospace, Mr. Mehra 
worked for ITC Ltd.'s Hotels Division as General Manager of Marketing. Mr. 
Mehra resides in New Delhi, India.  Mr. Mehra holds a Bachelor of Mechanical 
Engineering from Birla Institute of Technology (Mesra, Ranchi) and a Post 
Graduate Diploma in Marketing Management from Jamnalal Bajaj Institute of 
Management (Bombay). 
    Mr. Mehra had not been a director of any other company within the last 
five years. There are no further disclosures required to be made in relation 
to Mr. Mehra pursuant to paragraph (g) of the Schedule Two to the AIM Rules.  
 
    About India Hospitality Corp.  
    In August 2006, India Hospitality Corp. raised US $103 million in an IPO 
and private placement and is listed on AIM, a market operated by London Stock 
Exchange plc, under the ticker IHC.  IHC was originally created as a blank 
check company and was sponsored and advised by Hayground Cove Asset Management 
LLC, a New York-based investment management firm. 
    In July 2007, IHC closed on the acquisition from Navis Capital Partners 
and its Affiliates of India-based Mars Restaurants Private Limited ("Mars"), 
an emerging hotel and restaurant company, and SkyGourmet Catering Private 
Limited ("SkyGourmet"), an airline catering company with 1,700 employees 
operating out of four locations in India. 
    In December 2007, in order to fund strategic growth initiatives, Hayground 
Cove and Navis Capital jointly invested US $28 million of additional capital 
in IHC, bringing their total invested capital to US $56 million. Following 
such reinvestment, Hayground Cove and Navis own approximately 52% of India 
Hospitality. 
    IHC generated approximately US $30 million in unaudited consolidated 
revenues in fiscal year ended March 31, 2007, an approximate 50% increase from 
2006. 
 
    About Mars and SkyGourmet 
    Since its incorporation in 2000, Mars has diversified into bakery outlets 
and operating and managing food courts and hotels. SkyGourmet was incorporated 
in 2002 and is headquartered in Mumbai. SkyGourmet currently provides in-
flight catering services to a number of domestic and international airlines, 
including Jet Airways, Kingfisher Airlines, Air India Express, Indian 
Airlines, Malaysian Airlines and Air France. It has operations in Mumbai, 
Bangalore, New Delhi and Pune.  
 
    For Further Information Contact: 
    Investor Relations Contact: ICR Inc. 
    William Schmitt 
    203-682-8200 
 
    Nominated Adviser and Broker: Deutsche Bank   
    Mumtaz Naseem  
    [phone]  
 
    Deutsche Bank AG is authorised under German Banking Law (competent 
authority: BaFin - Federal Financial Supervising Authority) and with respect 
to UK commodity derivatives business by the Financial Services Authority; 
regulated by the Financial Services Authority for the conduct of UK business.  
Deutsche Bank is acting exclusively for IHC and no-one else in connection with 
the acquisition and related transactions and other matters referred to in this 
announcement and will not be responsible to anyone other than IHC for 
providing the protections afforded to clients of Deutsche Bank AG nor for 
providing advice in relation to the acquisitions and related transactions or 
any matter referred to in this announcement. 
    Deutsche Bank is IHC's nominated adviser and broker for the purposes of 
the AIM Rules for Companies.  Its responsibilities as IHC's nominated adviser 
and broker under the AIM Rules for Nominated Advisers are owed solely to 
London Stock Exchange plc and not to IHC, any director of IHC or any other 
person. 
    No offer or invitation to purchase or subscribe for ordinary shares in or 
warrants to purchase or subscribe for ordinary shares or warrants of IHC is 
being made by this announcement.  
 
SOURCE  India Hospitality Corp 
    -0-                             02/04/2008 
    /CONTACT:  Investor Relations, William Schmitt of ICR Inc.,  
[phone]; or Mumtaz Naseem, Nominated Adviser and Broker: Deutsche 
Bank, [phone]/