Ramba Energy Limited

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Notice Of A Change In The Percentage Level Of A Substantial Shareholder's Interest

BackSep 14, 2008

Part I
1. Date of notice to issuer 10/09/2008
2. Name of Substantial Shareholder Baiju Chellaram Kirpalani
3. Notice Type Notice of a Change in the Percentage Level of a Substantial Shareholder's Interest or Cessation of Interest.
Part II - Not Required
Part III
1. Date of change of Interest 10/09/2008
2. The change in the percentage level From 5.208 % To 5.39 %
3. Circumstance(s) giving rise to the interest or change in interest Open Market Purchase
4. A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: 2 transactions 100,000 shares on 9 September 2008 and 128,000 shares on 10 September 2008.
Part IV
1. Holdings of Substantial Shareholder, including direct and deemed interest :
 
  Direct Deemed
No. of shares held before the change 6,590,000 0
As a percentage of issued share capital 5.208 % 0 %
No. of shares held after the change 6,818,000 0
As a percentage of issued share capital 5.39 % 0 %