SILVERSTORM PARKS AND RESORTS LIMITED

IPO Objectives

1. Funding capital expenditure in relation to setting up Lucknow Snow Park and FEC;

2. Funding capital expenditure in relation to the expansion and upgradation of our existing Athirappilly Theme Park, Kerala;

3. Repayment and/or prepayment, in full or part, of certain borrowings availed by our Company; and

4. General Corporate Purposes.