SAN DIEGO, Dec 07, 2011 (BUSINESS WIRE) –The following statement is being issued by Robbins Geller Rudman & Dowd LLP pursuant to an order of the United States District Court, Northern District of California: UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA DAVID SMITH, Individually and on Behalf of All ) No. 10-cv-03942-SC Others Similarly Situated, ) ) CLASS ACTION ——————- ) Plaintiff, ) SUMMARY NOTICE ) vs. ) TELENAV, INC., et al., ) ) ) Defendants. ———————————————- TO: ALL PERSONS WHO PURCHASED TELENAV, INC. (“TELENAV”) COMMON STOCK PURSUANT TO AND/OR TRACEABLE TO TELENAV’S INITIAL PUBLIC OFFERING (“IPO”) ON OR ABOUT MAY 13, 2010 THROUGH AND INCLUDING SEPTEMBER 2, 2010 YOU ARE HEREBY NOTIFIED that pursuant to an Order of the United States District Court for the Northern District of California, a hearing will be held on February 24, 2012, at 10:00 a.m., before the Honorable Samuel Conti, at the United States District Court for the Northern District of California, 450 Golden Gate Avenue, San Francisco, CA 94102, for the purpose of determining: (1) whether the proposed settlement of the Action for the sum of $3,800,000 in cash should be approved by the Court as fair, reasonable, and adequate; (2) whether, thereafter, this Action should be dismissed with prejudice against the Defendants as set forth in the Stipulation of Settlement dated as of July 15, 2011; (3) whether the Plan of Allocation of settlement proceeds is fair, reasonable, and adequate and therefore should be approved; and (4) the reasonableness of the application of Lead Counsel for the payment of attorneys’ fees and expenses incurred in connection with this Action, together with interest thereon. If you purchased TeleNav common stock pursuant to and/or traceable to TeleNav’s IPO on or about May 13, 2010 through and including September 2, 2010, your rights may be affected by this Action and the settlement thereof. If you have not received a detailed Notice of Proposed Settlement of Class Action and a copy of the Proof of Claim and Release, you may obtain copies by writing to TeleNav Securities Action, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 8040, San Rafael, CA 94912-8040, or by downloading this information at gilardi.com , rgrdlaw.com , and telenav.com . If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release postmarked no later than February 27, 2012, establishing that you are entitled to a recovery. You will be bound by any judgment rendered in the Action unless you request to be excluded, in writing, to the above address, postmarked by January 30, 2012. Any objection to any aspect of the settlement must be filed with the Clerk of the Court no later than January 30, 2012, and received by the following no later than January 30, 2012: ROBBINS GELLER RUDMAN & DOWD LLP LATHAM & WATKINS LLP JEFFREY D. LIGHT WILSON SONSINI GOODRICH & ROSATI, P.C. PATRICK E. GIBBS 655 DOUGLAS J. CLARK 140 Scott Drive West Broadway, Suite 1900 650 Menlo San Diego, CA 92101 Page Mill Road Park, CA 94025 Lead Palo Alto, CA 94304 Counsel for Defendants J.P. Morgan Counsel for Plaintiffs Counsel for Securities Defendants TeleNav, Inc., LLC and Deutsche Bank Securities Inc. H.P. Jin, Douglas S. Miller, Shawn Carolan, Samuel Chen, Hon Jane Chiu, Soo Boon Koh, and Joseph M. Zaelit PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE. DATED: November 15, 2011 BY ORDER OF THE COURT UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA SOURCE: Robbins Geller Rudman & Dowd LLP Robbins Geller Rudman & Dowd LLP Jeffrey D. Light, 619-231-1058 Copyright Business Wire 2011