Employee Share Subscription

KSK Power Ventur PLC
04 February 2008


Immediate Release                                                4 February 2008



                              KSK Power Ventur plc

Employee share subscription in KSK Power Ventur plc ('KSK plc' or 'the Company')

Further to the announcement on 28th January 2008, the Board of KSK plc has
implemented a share subscription arrangement, whereby various senior employees
of the KSK group (excluding the founders, Mr Kishore and Mr Sastry) have been
granted the opportunity to subscribe for an aggregate amount of 10.9 million new
ordinary shares of 0.1p each in the Company('New Ordinary Share') at a
subscription price of 457 pence per New Ordinary Share. The rationale behind the
new arrangements for these employees is to incentivise key personnel for the
future, as well as recognising the significant contribution made to the overall
growth in the KSK group. Given the significant corporate developments at KSK plc
over the past year, this has been the first available time, for some time, to
make the awards without the Company being in a Close Period for dealings. The
details of the subscription arrangements are as follows:

   •The eligible employees have irrevocably undertaken to subscribe for the
    New Ordinary Shares at the stated subscription price of 457 pence per New
    Ordinary Share. The subscription price has been set as the average closing
    share price for the four day period, following the last announcement by the
    Company, i.e. from 29th January - 1st February 2008.


   •Payment for the shares under the subscription arrangements by the
    relevant employees must be made on or before 31st May 2008.


   •It is anticipated that K&S Consulting Group Private Limited, which is
    controlled and majority owned by the KSK plc Directors Mr Kishore and Mr
    Sastry, will provide necessary assistance for the new debt arrangements
    being entered into by the relevant employees to pay for the subscription.
    Further details will be announced in due course.

For further information, please contact

KSK Power Ventur plc                                             [phone]
S. Kishore, Executive Director
K.A. Sastry, Executive Director

Arden Partners plc                                           [phone]
Richard Day
Adrian Trimmings

Buchanan Communications Limited                             [phone]
Mark Edwards
Ben Willey

See our website on:  www.ksk.co.in






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