Mercantile Ports & Logistics Regulatory News (MPL)

19 August 2015

SKIL Ports & Logistics Limited

("SPL" or the "Company")

Re-Mobilisation of Contractor

SPL, which is developing a modern port and logistics facility in Navi Mumbai, India, is pleased to report that re-mobilisation of the contractor's workforce has commenced. The Company will provide a further update once re-mobilisation is completed.

Nikhil Gandhi, Executive Chairman of SPL said, "We are pleased to be making further progress with our plans to build a modern port facility in Mumbai. The timing of the completion of re-mobilisation will in part be weather dependent but we do not expect any material delays to the project from this point."

Enquiries:

SPL  Nikhil Gandhi/Pavan Bakhshi/Jay Mehta

C/O Redleaf PR +44 (0) 20 382 4769

Cenkos Securities plc Stephen Keys/Mark Connelly(Nomad and Broker) +44 (0) 20 7397 8926

Redleaf PR Charlie Geller/Harriet Lynch(Financial PR) +44 (0) 20 382 4769

SKIL@redleafpr.com