Admission to Crest

India Hospitality Corp.
30 October 2007


For Immediate Release                                           October 30, 2007



                            INDIA HOSPITALITY CORP.


      Application for admission of shares and warrants to the CREST system


New York, NY. - October 30, 2007 - India Hospitality Corp. (LSE: IHC, 'IHC' or '
India Hospitality'), today announced that de-materialized depositary interests
representing its shares and warrants have been admitted to the CREST system. The
CREST settlement system allows securities to be transferred from one CREST
account to another without the need to use share certificates, warrants or
written instruments of transfer. IHC believes that admission to the CREST system
will facilitate settlement of its shares and warrants in a more timely and
efficient manner and benefit its shareholders.


Securities issued by non-U.K. companies, such as IHC, cannot be held or
transferred in the CREST system. However, to enable investors to settle such
securities through the CREST system, a depositary or custodian holds the
relevant securities and issue de-materialized depositary interests representing
the underlying securities, which are held in trust for the holders of the
depositary interests. It is possible for CREST members to hold and transfer
interests in shares or warrants within CREST pursuant to a depositary interest
arrangement to be established by IHC with Capita IRG Trustees Limited (the
'Depositary'). The shares and warrants are not themselves admitted to CREST.
Instead, the Depositary issues depositary interests in respect of the underlying
shares and warrants ('Depositary Interests').


The Depositary Interests are independent securities constituted under English
law and may be held and transferred through the CREST system. Depositary
Interests have the same ISIN as the underlying shares and warrants and do not
require a separate listing on AIM. The Depositary Interests are created and
issued pursuant to a Deed Poll entered into by the Depositary, which governs the
relationship between the Depositary and the holders of the Depositary Interests.


If CREST members wish to trade the Depositary Interests instead of holding
physical certificates, they can do so by submitting a stock deposit pursuant to
standard CREST procedures. Holders of certificated shares or warrants who are
not CREST members, but would like to dematerialize their shares or warrants, may
utilize a CREST transfer form. Transfers of the Depositary Interests will be
subject to stamp duty reserve tax at the rate of 0.5%.

Holders of shares or warrants who wish to continue holding and/or trading shares
or warrants in certificated form may continue to do so. Shares and warrants held
by IHC's 'affiliates' (as defined under Rule 144 of the U.S. Securities Act of
1933) will initially remain in certificated form.

U.S. persons holding shares or warrants may still be subject to transfer
restrictions under the U.S. securities laws requiring any resales to be pursuant
to an exemption from the U.S. Securities Act, such as Rule 144A or Regulation S.
Holders of shares or warrants should consult with their counsel with respect to
transfer questions. CREST members may be required to submit a deposit
certification form to Capita, certifying compliance with the relevant transfer
restrictions imposed by U.S. securities law. The deposit certification form must
be submitted to Capita no later than 6 hours after submission of a stock deposit
to CREST.

For further details, please refer to CREST operational bulletin number 1281,
issued on March 19, 2007, for the special procedures contained therein.
About India Hospitality Corp.

IHC was created as a blank-check company to acquire Indian businesses or assets 
in the hospitality, leisure, tourism, travel and related industries, including 
but not limited to hotels, resorts, timeshares, serviced apartments and 
restaurants.

In August 2006, IHC 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 sponsored and advised by Hayground Cove Asset Management 
LLC, a New York-based investment management firm with approximately US $1.9 
billion in assets under management as of July 31, 2007.

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 operating out of four locations in 
India.

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 the nine months ended December 31, 2006, the combined entities had 
audited revenues of approximately US $18.9 million and 1,700 employees.


For further information, please contact:

Investor Relations Contact: ICR Inc.
William Schmitt
203-682-8200

Media Contact: Buchanan Communications
Richard Darby, Isabel Podda
[phone]

Nominated Adviser and Broker: Deutsche Bank
Mumtaz Naseem
[phone]
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.


                      This information is provided by RNS
            The company news service from the London Stock Exchange