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Friday 19 October, 2007

Citigroup Global Mkt

Stabilisation Notice

Citigroup Global Markets Limited
19 October 2007

                          STABILISATION NOTICE





                                                                 19 October 2007





The London Stock Exchange

10 Paternoster Square

London, EC4M 7LS





Dear Sirs



Northgate Technologies Limited - Offering of up to 12,000,000 Global Depositary
Receipts representing up to 6,000,000 Equity Shares of nominal value Rs. 10 each



Stabilisation Notice



Pursuant to Core Dealing Rule 3060-3061, Citigroup Global Markets Limited hereby
notifies the London Stock Exchange that it and its affiliates may stabilise the
offering of the Global Depositary Receipts of Northgate Technologies Limited:



1.      Security to be stabilised:      Global Depositary Receipts of Northgate
Technologies Limited;

2.      Security Identifier:  Sedol: B28DJD0       ISIN:    US6664432050(RegS)



                              Sedol: B28DJH4       ISIN:    US6664431060 (144A);

3.      Stabilising Manager:  Citigroup Global Markets Limited (Contact: Pankaj
Jain, +91 (22) 6631 9818);

4.      Stabilisation period commences: 17 October 2007 at approximately 8:00am
London time;

5.      Stabilisation period ends: Close of Business on 15 November 2007;

6.      Approximate offer price:  US$8.00 - US$ 9:00 per GDR (£3.93 - £4.42 per
GDR); and

7.      Over-allotment option is equivalent to 15% of the offering.



Yours faithfully







CITIGROUP GLOBAL MARKETS LIMITED


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