(NSE: FINANTECH, BSE: FINTECH) October - December 2007 GDR listed at Luxembourg & quoted at International order book of LSE: FTIA, FTIS)

Financial Technologies (Standalone) total income increases by 1159% to Rs. 7192 million in Q3FY2007-08 PAT (Standalone) expands by 1337% to Rs. 5369 million Declares third interim dividend of 400% , January 17, 2008: Financial Technologies () Limited, India’s leading technology solutions provider for equity, , forex and bond markets, today announced its audited financial results for the quarter and nine months ended December 31, 2007.

Commenting on Financial Technologies’ Q3FY2007-08 performance, Dewang Neralla, Whole Time Director, said: It has been a quarter of fulfilling the promises and promising further fulfillments. During this quarter, a journey towards India’s first online electricity trading platform was initiated in the form of Limited (IEX). IEX launched its membership drive in this quarter and has already received expression of interest from over 100 applications for membership. Our ecosystem ventures also continued to complement the exchange ventures with National Bulk Handling Corporation Limited (NBHC) emerging as a credible platform for collateral management. The continuous journey to promote and invest in ventures which leverage the core technological capabilities towards creating world class enterprises has accelerated in its next phase. As a result, this quarter saw unlocking value on such exchange businesses and taking them into the next orbit. The ever increasing interest of investors in our exchange ventures continued to peak with ICICI, IL&FS, and Kotak Groups acquiring 3.55%, 5%, and 1% equity stake in Multi Exchange of India Limited (MCX) respectively. Dubai Gold and Commodities Exchange (DGCX), our international platform for trading in commodity and currency derivatives, also received the ISO/IEC 27001:2005 certification for management of information security and protection of information assets. The software business has grown at a healthy rate of 27% quarter on quarter basis in line with our licenses growth owing to the overwhelming response from our loyal customers. It is happy to note that MCX has been awarded empi Indian Express Innovation award for the Innovative application of technology and establishing facilities to ensure dispersion of information and price transparency. In all, it has been another chapter in the virtuous self fuelling growth story of Financial Technologies.

www.ftindia.com Pg 1 Performance Highlights

October - December 2007 Key Business Highlights

Financial Technologies (India) Limited has reported total income of Rs. 7192 million for the quarter ended December 31, 2007, a growth of 1159% as compared to Rs. 571 million for the quarter ended December 31, 2006. EBITDA Margin stood at 97% and PAT has grown to Rs. 5369 million as compared to Rs. 374 million for the same period, a growth of 1337%. The cumulative number of licenses has grown by 27% from 225,000 as on September 30, 2007 to 284,000 as on December 31, 2007.

Standalone Results Q3 FY2007-08 (October - December 2007) vs. Q3 FY2006-07 (October - December 2006) • The total income increased by 1159% to Rs. 7192 million in Q3 FY2007-08 as compared to Rs. 571 million in Q3 FY2006-07. • EBITDA has increased by 1479% to Rs. 6970 million in Q3 FY2007-08 as compared to Rs. 442 million in Q3 FY2006-07. • EBITDA margin has increased to 97% in Q3 FY2007-08 as compared to 77% in Q3 FY2006-07. • PBT was up by 1484% to Rs. 6936 million in Q3 FY2007-08 as compared to Rs. 438 million in Q3 FY2006-07. • PAT expanded by 1337% at Rs. 5369 million in Q3 FY2007-08 as compared to Rs. 374 million in Q3 FY2006-07.

9M FY2007-08 (April - December 2007) vs. 9M FY2006-07 (April - December 2006) • The total income increased by 958% to Rs. 12833 million in 9M FY2007-08 as compared to Rs. 1213 million in 9M FY2006-07. • EBITDA has gone up by 1315% to Rs. 12215 million in 9M FY2007-08 as compared to Rs. 863 million in 9M FY2006-07. • EBITDA margin has increased to 95% in 9M FY2007-08 as compared to 71% in 9M FY2006-07. • PBT was up by 1321% to Rs. 12115 million in 9M FY2007-08 as compared to Rs. 853 million in 9M FY2006-07. • PAT has increased exponentially by 1171% at Rs. 9364 million in 9M FY2007-08 as compared to Rs. 737 million in 9M FY2006-07.

www.ftindia.com Pg 2 Group Companies Performance

October - December 2007 of India Limited (MCX)

MCX, India’s leading commodity futures exchange is amongst the top 10 commodity exchanges globally, in terms of number of contracts traded (Source: FIA). Currently it offers trading in 55 commodities covering various market segments.

Highlights • Market share of MCX has improved from 64% in quarter ended December 31, 2006 to 82% in quarter ended December 31, 2007, making it truly the ‘Exchange of choice’. • MCX has established wide membership base of 1811 members as on December 31, 2007 as compared to 1115 members as on December 31, 2005, an increase of 62%. • The daily average turnover was Rs. 10338.5 crore for the quarter ended December 31, 2007, a growth of 45% as against Rs. 7109.04 crore for quarter ended December 31, 2006. • Total number of MCX Certified Commodity Professionals (MCCP) till December 2007 was 4152. Total 37 training programmes were conducted by MCX Centre of Academia during the quarter.

The trend in average daily turnover at MCX and its market share Q-o-Q basis from September 2006- December 2007**:

Average Daily Turnover at MCX 12000 90% ) ) 82% e e r r 75% 80% o o 72% r r 10000 70% c c

. . 64% 70% s s ) ) R R ( ( 58% % %

8000 60% ( ( r r

e e e e v v r 50% r o o a a n n h 6000 h r r S S u u

40% t t T T

e e y y l l k k i i r 4000 30% r a a a a 5 5 . . 7 3 2 0 7 3 2 0 0 0 D D ...... 8 8 M M

2 3 4 1 2 3 4 1 9 9 3 3 20% e e 7 3 6 7 7 3 6 7 0 0 3 3 9 8 0 4 9 8 0 4 g g 1 1 0 2000 0 6 8 8 8 6 8 8 8 7 7 1 1 a a r r 10% e e v v A A 0 0% Sep-06 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Period Average Daily Turnover (Rs. Crore) Market Share (%)

MCX is India’s No. 1 commodity exchange. Source: FMC website (www.fmc.gov.in) based on turnover in terms of value for FY 07. DisclaimerDisclaimer: MCX is proposing, subject to receipt of requisite approvals, market conditions and other considerations, a public issue of its equity shares and to file a Draft Red Herring Prospectus with SEBI. The following figures are derived from the FMC website: www.fmc.gov.in for the period (September 06 - December 07) and have been aggregated by the company www.ftindia.com Pg 3 Group Companies Performance

October - December 2007

Other recent developments • January 2008: MCX has won the empi Indian Express Innovation award for the innovative application of technology and establishing facilities to ensure dispersion of information and price transparency. • December 14, 2007: ICICI, IL&FS, Kotak Groups, India’s leading financial service & banking conglomerates have acquired 3.55%, 5% and 1 % equity stake respectively in Multi Commodity Exchange of India Ltd. from Financial Technologies at an enterprise valuation of US$1 – 1.1 billion. • December 14, 2007: Tata Teleservices tied-up with Multi Commodity Exchange of india Limited (MCX) to provide new services through which the farmer can get the best price for his goods. • November 7, 2007: MCX recorded an all time high turnover of Rs. 19,577.88 crores.

CSR initiatives during the quarter: • Maharashtra State Agriculture Marketing Board (MSAMB) is undertaking the expansion of 40 GSK centres across Maharashtra with the help of World Bank funding. • New partners – Syngenta, Mahyco, Weather Risk Management and UPL have joined the platform offering their services. • NABARD has given grant in aid for conducting 10 capacity building programs across GSK locations in Jalgaon. • MCX has provided for the first time bilingual web based URL, which will be integrated in the mobile IT van under the CII – Dungarpur project.

www.ftindia.com Pg 4 Group Companies Performance

October - December 2007 Dubai Gold & Commodities Exchange (DGCX)

DGCX, an international commodities and currency derivatives exchange, is the only exchange in Middle East to offer currency trading and having a full fledged clearing corporation. It facilitates trading in gold, silver, steel rebar, marine fuel oil and currency.

Highlights • Total approved members on DGCX platform as on December 31, 2007 was 215. • The cumulative traded contracts on DGCX’s platform to date are 1,526,980 contracts. • The total value of contracts traded up to December 31, 2007 stood at US$ 50.1 billion.

The following chart represents the volume and value of contracts traded quarter-wise on DGCX between December 2006 and December 2007.

Volume and Value of contracts traded at DGCX 300,000 12,000 9,020 ) ) s s 9610 t t 250,000 9,384 10,000 c c 6,664 a a 6,981 r r t t ) ) n n n 200,000 8,000 n o o o o i i l l c c l l

i i f f o o m 150,000 6,000 m . .

o o $ $ ( (

N N ( ( e e

100,000 4,000 u u e e l l 5 4 4 6 5 4 4 6 5 5 4 9 9 1 4 9 9 1 a a m m 3 3 6 0 0 7 6 0 0 7 V V , , , , 5 5 , , , , u u l l 5 2 6 2 6 6 50,000 5 2 6 2 2,000 0 1 5 0 3 3 0 1 5 0 o o 2 2 2 2 2 2 2 2 2 2 V V 0 0 Dec-06 Mar-07 Jun-07 Sep-07 Dec-07 Period Volume (No. of contracts) Value ($ million)

Other recent developments: • January 2008: Gold futures rose to new 28-year high on DGCX. February 2008 delivery contracts opened on January 3, 2008 at $859/troy oz, showing a downward gap of 30 cents from its previous close. Prices thereafter declined to a low of $857.20 before strengthening to touch a fresh 28-year high of $871.90. • December 2007: DGCX emerged as the region’s first exchange to obtain the ISO/IEC 27001:2005 certification, a standard for the management of information security and the protection of information assets.

www.ftindia.com Pg 5 Group Companies Performance

October - December 2007

• December 2007: DGCX received provisional approval to become a ‘recognised market operator’ by the Monetary Authority of Singapore (MAS). • December 17, 2007: Bank joined as the clearing bank for DGCX after obtaining broker-membership of the exchange. • December 13, 2007: Plans to launch its portfolio of four plastics futures contracts by January 2008. DGCX will provide a platform for the futures trading of low density polyethylene (film), linear low density PE (film), high density PE (film) and polypropylene. The contracts will focus on Northeast Asia, Southeast Asia and the Middle East. • December 7, 2007: DGCX appointed as a clearing bank for the exchange. • November 1, 2007: Ahmad Bin Sulayem has been named as new Chairman of DGCX. Prior to this, he was Executive Chairman of Dubai Multi Commodities Centre (DMCC) and Director of DGCX.

www.ftindia.com Pg 6 Group Companies Performance

October - December 2007 National Bulk Handling Corporation Ltd. (NBHC)

NBHC , a credible platform for collateral management, provides a pan India network of warehouses to deliver following value added services- warehousing & bulk handling with all the allied activities (grading, care etc), procurement & disposal of commodities, collateral management, quality certifications and trade consultancy & information services.

NBHC warehouse (lease and franchisee) trend for the period January–December 2007 is shown below:

1400000 350 315 298 300 300 1200000 300 255 s s

241 ) ) e e T T s 1000000 202 213 250 s u u M M

o o n n h h i i 800000 170 200

e e ( ( r r y y a a t t 134 i i 600000 118 150 c c W W

a a f 96 f p p o o

400000 100 5 4 6 9 8 9 5 4 6 9 8 9 a a . . 0 0 7 8 8 6 0 0 7 8 8 6 3 2 5 7 0 3 2 5 7 0 o o C C 2 9 0 5 7 2 2 9 0 5 7 2 8 5 8 6 6 , , , , , , 8 5 8 6 6 , , , , , , 1 1 N N 2 2 8 3 2 3 6 7 3 8 5 2 2 8 3 2 3 6 7 3 8 5 6 6

, , , , , 200000 , , , , , 50 3 3 0 5 1 9 5 9 0 5 1 9 5 9 , , 9 5 1 8 5 9 5 1 8 5 0 0 1 0 1 1 8 8 0 0 1 0 1 1 0 6 0 7 1 , , , , , , 0 6 0 7 1 , , , , , , 7 7 2 2 5 5 7 8 9 1 1 1 1 1 1 5 5 7 8 9 0 1 1 1 1 1 1 0 Jan-07 Feb-07 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07

Capacity(MT) No.of warehouses

Recent Updates on NBHC to date • As on 31st December 2007, NBHC has empanelled 16 leading public and private sector banks on its platform, of which and State Commercial and International Bank Ltd were inducted during Q3 FY 2007-08. • NBHC manages a network of 315 storage facilities (warehouses and cold storages) on lease and franchisee model with approximately 1.19 million MT capacity across 17 states. • Additionally under collateral management arrangements it manages 1200 storage facilities (warehouses and cold storages) and 1.10 million MT stocks worth Rs. 2600 crore. • NBHC has facilitated funding worth Rs.2200 crore out of which approximately Rs. 200 crore funding was facilitated to 6000+ farmers. • Currently facilitates 9 Quality assurance labs (NBHC ProComm) and 8 location licenses for commodity care & pest management services (NBHC CommGuard). • NBHC initiated procurement of paddy on minimum support price for FCI for the Kharif marketing season 2007-08. www.ftindia.com Pg 7 Group Companies Performance

October - December 2007 Safal National Exchange of India Limited (SNX)

SNX, a nation-wide platform for trading in horticulture, floriculture, dairy and allied products is set up as a Joint Venture between Mother Dairy Fruits and Vegetables Private Limited (a wholly owned subsidiary of National Dairy Development Board of India (NDDB), MCX and Financial Technologies (India) Limited.

Highlights • It has registered 265 members as on date, which includes about 150 Farmer Associations and Self Help Groups (SHG) which are enrolled as A category on concessional terms. • Presently facilitates trading in kinnow (variety of orange), banana and onion. • Plans to launch grapes, apples and potato by end of FY2007-08 followed by mangoes in second quarter of FY2008-09. • Settlement cycle for Cash is T+2 and for Credit is T+7. • Has entered into tie-ups with HDFC Bank, , ICICI Bank, and SBI for clearing.

www.ftindia.com Pg 8 Other Corporate Developments

October - December 2007 Financial Technologies (India) Limited

December 14, 2007: ICICI, IL&FS and Kotak Group- India’s leading financial service and banking conglomerates have acquired 3.55%, 5%, 1% equity stake respectively from Financial Technologies in Multi Commodity Exchange of India Ltd.(MCX), at an enterprise valuation of USD 1-1.1 billion. Post-divestment, Financial Technologies stake in MCX is 37.56%. November 12, 2007: Financial Technologies’ issue of 10,121,461 GDRs, subject to over-allotment option (Green- shoe Option) of 1,518,216 GDRs, whereby seven GDR represents one share of nominal value of Rs 2/- each, has been concluded successfully in two tranches including Green-Shoe Option and allotted 1,445,923 and 216,888 equity shares respectively. The offering size was US$100 million with additional green-shoe option of US$15 million. GDRs issued constitute 3.63% of the total paid-up share capital.

Indian Energy Exchange Limited

January 11, 2008: Indian Energy Exchange commences training in operations and online trading for its members and users from 16th Jan’08 to 25th Jan’08. Going into the first phase, IEX has planned out a training program for its registered members, expression of interest clients, CERCs, RLDCs, SLDCs, RPCs and executives of SERCs to provide hands on training on the electricity trading software. The training will be imparted by the faculty from OMX Technology, Sweden to about 200 participants spread across the power and financial services industry. January 9, 2008: IEX has received expression of interest from over 100 companies for membership. Some of the companies who have taken lead in the membership and establishment of the new exchange are PTC, Tata Power Trading Company Ltd; Tata Power Company, Reliance Energy Ltd., Lanco, Adani, REC, IDFC, BGR Energy, Konaseema Gas Power, JSW Power Trading, DCM Shriram Consolidated Ltd., Monnet Ispat & Energy Ltd. and leading state utilities like Andhra Pradesh, Karnataka PCL, MPPTCL etc. October 31, 2007: Financial Technologies group, global leaders in creating next generation financial markets partner with OMX, a vertical specialist in the domain of power exchange solutions to deliver comprehensive technology solution for Indian Energy Exchange (IEX). October 31, 2007: IEX launched its first membership drive across the country. The membership drive was conducted across key cities of Mumbai, Hyderabad, Delhi, Guwahati and Kolkata from the 31st October’07 to 6th November’07.

www.ftindia.com Pg 9 About Financial Technologies (India) Ltd. (NSE: FINANTECH, BSE: FINTECH) GDR listed at Luxembourg Stock Exchange & quoted at International order book of LSE: FTIA, FTIS)

October - December 2007 For further information, Financial Technologies (India) Limited, the flagship company of the Financial Technologies Group please contact: ,with a market capitalization of US$3.04 billion (as of December 31, 2007)is a global leader in creating and operating technology centric, next generation financial markets that are transparent, efficient, Shreekant Javalgekar and liquid, across multi asset class including - equities, commodities, currency and bond. Director- Finance Our highly robust and scalable exchange and trading technology platform (Intellectual Property), Financial Technologies (India) Ltd. coupled with deep domain expertise, gives us a decisive edge in driving mass disruptive innovation at Phone: +91-22-67152000 a speed and cost of execution that are unmatched in the financial markets industry. This allows us to Fax: +91-22-67152001 uniquely harness opportunities to create electronic, organized, and regulated financial markets for Email: [email protected] “new asset class” and “new investor class” that are either underserved or economically unviable to THINK FT. THINK MARKETS serve by traditional companies. Our markets transform lives of people by democratizing global trade, economy and growth and propagating the benefits of “price transparency,” “risk hedging,” and “structured public finance” to Miten Mehta the masses. This in turn, has resulted in driving inclusive and equitable growth thereby unlocking Director- Communications exponential value from the middle and bottom of the socioeconomic pyramid. Financial Technologies (India) Ltd. ODINTM, the flagship brokerage solution suite is used by 80% (est) of the brokers of the Indian Phone: +91-22-67152000 transaction automation market and has 284,000 licences issued till date. Fax: +91-22-67152001 DOME, the ‘Exchange Platform of choice’ for all next generation markets. Email: [email protected] THINK FT. THINK MARKETS The Financial Technologies Group comprises of 11 ventures (7 exchange ventures and 4 ecosystem ventures) 1. Multi Commodity Exchange of India Limited (MCX)(MCX): India’s no. 1 multi-commodity futures Vaishali Kariya exchange.. (www.mcxindia.com) Vice President- Investor Relations 2. Dubai Gold & Commodities Exchange (DGCX), Dubai: The first international commodity and Financial Technologies (India) Ltd. currency derivatives market in the Middle East. (www.dgcx.ae) Phone: +91-22-67152000 3. IBS Forex Limited: An online interbank foreign exchange platform. (www.ibsfx.com) Fax: +91-22-67152001 4. Limited (NSEL): A pan-India electronic spot market where farmers Email: [email protected] become equal partners in the farm-to-fork and farm-to-fashion value chain THINK FT. THINK MARKETS (www.nseap.com) 5. Indian Energy Exchange Limited (IEX): India’s first power exchange. (www.iexindia.com) 6. Safal National Exchange of India Limited (SNX): A pan-India spot exchange for perishable commodities. (www.snxindia.com) 7. Global Board of Trade (GBOT), Mauritius: An electronic exchange to serve as a gateway to the African continent. The following ecosystem ventures are also set up by the group: 8. National Bulk Handling Corporation LimitedLimited: Credible platform for collateral management (www.nbhcindia.com) 9. TickerPlant Infovending LimitedLimited: An efficient platform for seamless “information retailing”. (www.tickerplantindia.com) 10. limitedlimited: A new-age technology solutions provider that empowers wireless telephony users to transact over the phone. (www.atomtech.in) 11. Riskraft Consulting LimitedLimited: A financial risk management solution architecture and data warehousing to banks and financial institutions. (www.riskraft.com)

Safe harbor statement: Certain statements made in this release with reference to future operations and performance of Financial Technologies, its subsidiaries, and other group companies are forward-looking statements, involving risks and uncertainties. Certain factors could cause actual results to differ materially from those in such forward-looking statements. The company does not undertake responsibility to update any forward-looking statement that may be made from time to time by or on behalf of the company.

Corporate Office Landmark B, Ground Floor, Suren Road Chakala, Andheri (E), Mumbai 400093 Phone: +91-22-66497000 • Fax: +91-22-66497151 * MCX is India’s No. 1 Commodity Exchange. Source: FMC website (www.fmc.gov.in) based on turnover in terms of value for FY 07. www.ftindia.com Pg 10 Pg 11