Chandigarh, May 21, 2007: Spice Telecom, Punjab’s premier cellular operator and the pioneers of the concept of Lifelong validity, has announced a whopping 50% slash in tariff rates of the Mahabuck Pack. Mahabuck is the lifelong recharge voucher for Spice pre-paid subscribers. This slash in the tariff pack is in tune with Spice’s endeavour to make mobile communication more accessible and affordable for the people of Punjab.

The Mahabuck recharge is available in 2 denominations, which offer a choice of 2 different tariffs for each corresponding recharge. The Mahabuck recharge price earlier at Rs.995/- will be now be made available at Rs.495/- and is targeted at the lower end of the market for whom mobile usage is more skewed towards incoming calls. The Mahabuck recharge of Rs.1995/- will be made available at Rs.995/- and is targeted at subscribers with high usage of outgoing calls. Spice subscribers who recharge with Rs 995 to avail of the new Mahabuck offering will get life long validity & lower call rates, and will also be able to avail optional packs with lower call rates such as Megatalk & Non Stop pack; and thus enjoy life long validity at low call rates.

Details of the Mahabuck Recharge Coupons

Destination	Mahabuck Recharge	Mahabuck Recharge
Old MRP	995	1995
New MRP	495 (tariff slash of more than 50%)	995 (tariff slash of more than 50%)
New Talk Time	10 Rs.	75 Rs
Spice to Spice	1.99 Rs/ min.	0.50 Rs/ min.
Spice to Other GSM	1.99 Rs/ min.	0.65 Rs/ min.
Spice to WLL/ CDMA	1.99 Rs/ min.	1.00 Rs/ Min.
Calls to STD	2.50 Rs/ min.	2.50 Rs/ min.
Daily Rental	Nil	1.15 Rs/ per day.

Commenting on the launch the new Mahabuck recharge coupons, Mr. Mukul Khanna, AVP-Marketing, Spice Telecom, Punjab, stated “Spice was the first operator in the country to pioneer the concept of Liifelong Validity Recharge. With the slash in the tariff pack of Mahaback Recharge Coupons, from Rs.995 to Rs.495/- and from Rs.1995/- to Rs.995/-, we are inviting more subscribers to join the mobility club, as the new price points will make mobile connections more affordable for urban as well as the rural pre-paid subscribers. The newly introduced competitive tariff plans on Mahabuck offers greater value for money to our esteemed subscribers. Thus reinforcing our endeavor to be the first choice of the people of Punjab.”

About Spice Telecom, Punjab
Spice Telecom, the brand name of Spice Communications Limited is presently operating Cellular Phone Services in the states of Punjab and Karnataka. Considered as one of the best service providers of mobile telephony in India , Spice Telecom has been promoted by Modi Wellvest Private Limited.

Telekom Malaysia Berhad (TM) has 49% stake in Spice Communications Limited (Spice) through TMI India Limited, a wholly-owned subsidiary of TM's international investment holding company TM International Sdn Bhd (TMI). The remaining 51% is with Modi Wellvest Private Limited, the promoter company.

Spice Communications Ltd is proposing to make a public issue of securities and has filed a Draft Red Herring Prospectus with SEBI. The DRHP is available on SEBI website, www.sebi.gov.in as well as the BRLM's website, www.enam.com . Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled "Risk Factors" of the aforementioned DRHP. This advertisement is restricted and is not for publication or distribution in or into the United States . Securities of Spice Communications Limited, has not been and will not be registered under U.S. Securities laws, and accordingly, any offer or sales of these securities may be made only in transaction exempt from registration.