Exhibit Eleven

Saturday, February 12, 2005


This refers to the item ‘Times to tie up with Reuters for news. Name and last-minute hiccup over Sunil Lulla appt to be resolved’ that appeared on Mediaah! on Thursday, February 10, 2005.

We have received a legal notice from Mr Rajnish M Singh, Advocate, on behalf of his client, Bennett, Coleman & Co Ltd, saying that the item harmed the reputation and goodwill of his client. That was not the intent of the news item and not the intent of Mediaah!

In his letter, Mr Singh has also said that the item is totally baseless and has no substance or truth in it.

While Mediaah! would stand by the information published, Mediaah! apologises to Bennett, Coleman & Co Ltd and has deleted the abovementioned item with immediate effect.
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