MCX Stock Exchange partners with FTSE Group to create new opportunities for Indian financial market

• FTSE is a world-renowned index calculator - a JV between The Stock Exchange (LSE) and The , ;

• MCX-SX and FTSE sign Cooperation Agreement to bring new index series to Indian financial market;

• New domestic Indian index series to be created, along with a range of international FTSE indices to be listed and traded on MCX Stock Exchange in India after completion of regulatory compliances

• FTSE will extend the index development cooperation to other Financial Technologies Group’s exchange network in India, Singapore, Bahrain, etc.

Mumbai, 29th July, 2009: MCX Stock Exchange (MCX-SX), India’s new stock exchange, today announced the signing of a cooperation agreement with FTSE, the global index provider, which will bring a range of international as well as new domestic indices to the Indian market. FTSE is a multi-award winning index company operating from a nu mber of financial centres worldwide. It is jointly owned by The Financial Times and the .

Under the terms of this agreement, MCX-SX and FTSE will work together to create new domestic index products for India, as we ll as bring a set o f international FTSE indices to MC X-SX, which will fa cilitate the cre ation of in ternational invest ment product s to be li sted on the MCX-S X i n India, after completion of regulatory compliances.

FTSE will also extend the co operation for index d evelopment to Financial Technologies Group’s other domestic and international exchanges like the Multi Commodity Exchange of India Limited (MCX), Singapore Mercantile Exchange (Singap ore), Bahrain Financial Exchan ge (Bahrain), subject to respective regulatory approval.

These indices can b e use d e xtensively by a rang e of finan cial pro fessionals such a s fu nd managers, investment banks, consultants, asset owners, private investors and brokers for the purpose of in vestment ana lysis, pe rformance measurement, asse t allo cation, portfolio management, ETFs and creation of index tracking funds.

The coop eration ag reement w as signed in the pr esence of Mr Jignesh Shah, Vice Chairma n, MCX-SX, Mr Donald Keith, De puty Chief Executive, FTSE Gro up, Mr Jo seph Massey, MD & C EO, MCX-SX and Mr Paul Hoff, MD, Asia Pacific, FTSE Group.

Going forward, FTSE and MCX-SX will agree to crea te a set of FTSE global indices which will be licensed to become the ba sis for futures con tracts on MCX-SX in India subje ct to regu latory clearances. The partnership will also create a new jointly developed index series which will offer domestic as well as globa l investors ne w opport unities to t rack, anal yze and in vest in India’s dynamic financial markets.

MCX-SX and FTSE’s aim is to bring a bro ad range o f domestic and international in dex products to the Indian financial services sector, which can th en be used as performance benchmarks and as a ba sis for financial products su ch as institutional and re tail fun ds, exchange traded funds, and derivative contracts.

Mr. Donald Keith, Deputy Chief Executive, FTSE Group, said, “FTSE is proud to be selected by MCX Stock Exchange as its index partner. This alliance will leverage FTSE’s brand and award winning index methodology in glob al indices w ith MC X-SX’s know ledge of India n finan cial markets. We loo k forward to workin g alongside the MCX-SX team to bring a su ite of indices from in ternational markets to India, a nd also to creating new indices to re flect the In dian market.”

FTSE has extensive experience in partn ering with stock exchange s g lobally to design a nd calculate a range of domestic, as well a s global, in dices. These exchan ges in clude Singap ore, Malaysia, Thailand, Johannesburg, Italy and London.

Mr. Joseph Massey, Managing Director & CEO, MCX Stock Exchange, said, “Ou r partnership with FTS E will harness MC X Stock Exchange’s in-depth understanding of the India n financial markets to jointly design and introduce a range of indices which will meet the needs of the market participants. These indices will allow the market participants to take a view on global growth, manage sectoral as w ell as global risks. We are deligh ted to be working with FTSE o n this im portant deve lopment. T hrough ou r deep do main kno wledge o f Indian fina ncial ma rkets and FTSE’s expertise in creating global in dices, we aim to help Indian investors make informed decisions through efficient and global benchmarked products.

Notes to Editors

About FTSE Group FTSE Group (“FTSE”) is a world-leader in the creation and management of indexes. The company is jointly owned by the FT Group and the London Stock Exchange. With offices in Boston, , London, Frankfurt, Hong Kong, , New York, , San Francisco, , Shanghai and , FTSE works with i nvestors in 77 countri es globally. It calculates and manages a comprehensive range of equi ty, fixed income, real estate and investment strategy indices, on both a standard and custom basi s. The company has coll aborative a rrangements wi th a nu mber of stock exchanges, trade bodies and asset class specialists around the world.

FTSE indexes are used extensively by investors world-wide for investment analysis, performance measurement, asset allocation, portfolio hedging and for creating a wide range of index tracking funds.

About MCX Stock Exchange (MCX–SX) (www.mcx-sx.com) MCX S tock Exchange—India’s uni versal mu lti-asset stock exc hange—is a le ader in o ffering n ationwide e lectronic platform to t rade in Currency (FX), a nd is poised to enter i nto Interest Rat e Futures (IRF), Equi ties (Cash & F& O), Indices and ETF, Fixed Income (Debt) and SME (Small Medium Enterprises) products, subject to regulatory clearance.

MCX Stock Exchange (MCX-SX) promoted by Multi Commodity Exchange (MCX) and Financial Technologies (India) Ltd (FTIL), i s recogni zed under Sec 4 of Securities Contracts (Regulation) Act, by SEBI (Securities Exchange Board o f India). MCX –SX believes in “systematic development of f inancial markets in India through education and research” and, accordingly, has taken various measures to ensure that the markets are used by participants more effectively.

About Financial Times Group The Fi nancial Ti mes, one of the worl d’s l eading busi ness ne ws o rganisations, is r ecognised in ternationally fo r i ts authority, integrity and accuracy. Providing extensive news, comment and anal ysis, the newspap er is printed at 24 print si tes across the globe, has a daily ci rculation of 421, 429 (A BC fi gures, June 2 009) and a rea dership of 1. 4 million people worldwide. FT.com is the definitive home for business intelligence on the web, providing an essential source of news, comment, data and a nalysis for the global business community. FT.com attracts 11.4 million unique users, generating 83.2 million page views (ABCe figures, March 2009) and now has over 1.4 million registered users.

About Financial Technologies (www.ftindia.com) (NSE: FINANTECH, BSE: FlNTECH, Bloomberg: FTECH IN) Financial Technol ogies In dia Ltd (FTIL), the f lagship company of the Fi nancial Technol ogies Group, i s among th e global leaders in o ffering t echnology I P a nd d omain e xpertise in c reating n ext g eneration f inancial ma rkets (exchanges) across all assets cl ass including equities, commodities, currency, and de bt. The Financial Technologies Group currently owns and operates 10 national and i nternational exchanges s panning markets from Afr ica to Mi ddle East, Indi a and South E ast Asi a. It owns and operates si x ecosystem v entures to s upport and complement the exchange businesses.

For Further Information Contact

Setu Shah, Vice President – Market Communications, Suman Das Sarma, Vice President – Business MCX Stock Exchange, Communications Board No: +91 22 67318888 Financial Technologies (India) Limited, [email protected] Board No: +91 22 26837966, Mobile: +91 9930267501 [email protected]

FTSE Group Hong Kong Meredith Blakemore or Emily Mok, Tel: + 852 2230 5800 or email [email protected]

Safe Harbour 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.