All Directors and Designated Employees of Spice Communications Ltd. are informed that the trading window for dealing in Shares of the Company in terms of Company’s “Code of Conduct for prevention of insider trading” shall remain closed till 11th October, 2007 in view of meeting of Board of Directors of the Company scheduled to be held on Wednesday, 10th October, 2007 to consider and take on record inter-alia the un-audited Financial Results of the Company for the quarter ended 30th September, 2007 .

For Spice Communications Ltd.

Preeti Malhotra
President (Corporate Affairs) &
Company Secretary