5 th Anniversary Futures & Options Segment

of NSE Futures & Options Segment of NSE marks its 5 th Anniversary - today following a period of phenomenal growth in the segment in terms of Volume, Market Share, Market Participants, Benchmarking with Global Standards and Technology over its five year history. The journey towards this milestone encompassed the relentless efforts of NSE and the concrete support from SEBI and NSE’s Market Participants. To commemorate this occasion, NSE is introducing future and options products on a new index namely, BANK NIFTY, an index comprising of the most liquid and large capitalized Indian Banking stocks providing investors and market intermediaries with a benchmark that captures the capital market performance of Indian Banks. The index will have 12 stocks from the banking sector, which trade on NSE. The Indian Derivative Market opened today by celebrating the 5 th Anniversary of Futures & Options Segment

On June 12, 2000 Launch of the Futures & options Segment Product Index Futures – S&P CNX NIFTY Launch of Products Index Options (NIFTY) Stock Options Stock Futures Largest Derivatives Exchange in India 12 new securities were added Achieved new heights in all our products Introduced CNX IT & additional securities Launch of Interest Rate Futures Number 1 in Stock Futures in the world Institutional participation at its highest Steps to new heights…………. Launch on June 13, 2005 of BANK Nifty Introduced 65 new securities Enhancement of number of strikes for NIFTY Options 2005 onwards

Growth of NIFTY Futures 0 5,000,000 10,000,000 15,000,000 20,000,000 25,000, Financial Year No of contracts traded 0 100, , , , , , , , ,000 Value of contracts (Rs Crore) No. of Contracts Value of contracts ( Rs. Crs) Launched on June 12, 2000 Recorded a growth of 300 times from the launch

Growth of NIFTY Options Financial Year No of contracts traded Value of contracts (Rs Crore) No. of Contracts Value of contracts ( Rs. Crs) Launched on June 04, 2001 Recorded a growth of 30 times from the launch

Growth of Stock Options Financial Year No of contracts traded Value of contracts (Rs Crore) No. of Contracts Value of contracts ( Rs. Crs) Launched on July 02, 2001 Recorded a growth of 6 times from the launch

Growth of Stock Futures Financial Year No of contracts traded Value of contracts (Rs Crore) No. of Contracts Value of contracts ( Rs. Crs) Launched on November 09, 2001 Number 1 in the World Recorded a growth of 30 times from the launch

Participants’ Statistics at the end of 5 years Number of Members increased by Institutional participation enhanced by Clientele base broadened by 5 times 1000 times 5 times

Stock Futures NSE v/s World Exchanges 2001 Source: World Federation of Exchanges 2% 38% 27% 16% 6% 4% 3% 2% 1% National Stock Exchange of IndiaSpanish Exchanges (BME)EURONEXTRTS Stock Exchange StockholmsboersenBudapest SEJSE South AfricaAustralian SE Oslo BorsWarsaw Stock ExchangeBourse de MontréalAthens Derivatives Exchange SFE CorporationHong Kong Exchanges & ClearingSingapore ExchangeBOVESPA FUTOP

Stock Futures NSE v/s World Exchanges 2002 Source: World Federation of Exchanges 15% 37% 22% 13% 4% 2% 1% National Stock Exchange of IndiaRTS Stock ExchangeSpanish Exchanges (BME)EURONEXT JSE South AfricaHEXStockholmsboersenAustralian SE Budapest SEAthens Derivatives ExchangeWarsaw Stock ExchangeItalian Exchange EUREXSFE CorporationBombay Stock ExchangeHong Kong Exchanges & Clearing Singapore ExchangeFUTOP

Stock Futures NSE v/s World Exchanges 2003 Source: World Federation of Exchanges 30% 37% 15% 8% 5% 2% 1% National Stock Exchange IndiaRTS SE BME Spanish Exchanges EuronextJSE South Africa OMX Stockholm SEBudapest SE Athens Derivatives ExchangeBorsa Italiana Australian SEBSE, The SE Mumbai Warsaw SESFE Corp. Hong Kong ExchangesCopenhagen SE

Stock Futures NSE v/s World Exchanges 2004 Source: World Federation of Exchanges 31% 11% 10% 7% 4% 1% 35% National Stock Exchange IndiaRTS SEEuronextBME Spanish Exchanges JSE South AfricaOMX Stockholm SEBorsa ItalianaAthens Derivatives Exchange Budapest SEAustralian SEWarsaw SEBSE, The SE Mumbai SFE Corp.Hong Kong ExchangesMexDerWiener Börse Copenhagen SE

Index Futures NSE v/s World Exchanges RankName of Stock Exchange Number of contracts 1Chicago Mercantile Exchange102,165,253 2EUREX63,833,842 3EURONEXT44,610,549 4Korea SE *31,502,000 5Stockholmsboersen14,906,505 6JSE South Africa10,518,672 7Osaka Securities Exchange10,478,441 8Singapore Exchange9,015,837 9Italian Exchange6,035,207 10BM&F5,262,965 11Hong Kong Exchanges & Clearing5,173,709 12Tokyo SE5,092,652 13Chicago Board of Trade4,926,973 14TAIFEX4,346,253 15Spanish Exchanges (BME)4,342,938 16SFE Corporation3,881,745 17Warsaw Stock Exchange3,679,972 18Athens Derivatives Exchange1,839,807 19Budapest SE1,236,405 20Bourse de Montréal1,174,328 21HEX988,544 22National Stock Exchange of India740,956 RankName of Stock Exchange Number of contracts 1Chicago Mercantile Exchange212,177,526 2EUREX120,438,555 3EURONEXT51,901,626 4Korea SE *42,868,164 5Stockholmsboersen13,331,795 6Osaka Securities Exchange11,134,738 7Singapore Exchange10,209,261 8Chicago Board of Trade8,940,486 9JSE South Africa8,026,118 10Tokyo SE7,273,395 11Italian Exchange7,011,175 12TAIFEX6,377,808 13Hong Kong Exchanges & Clearing5,919,028 14BM&F5,245,270 15Spanish Exchanges (BME)4,622,108 16SFE Corporation3,761,904 17Warsaw Stock Exchange3,077,836 18Athens Derivatives Exchange2,429,532 19National Stock Exchange of India1,641,779 20Bourse de Montréal1,458,942 RankName of Stock Exchange Number of contracts 1Chicago Mercantile Exchange (CME) Eurex Korea Exchange Euronext Chicago Board of Trade (CBOT) OMX Stockholm SE Singapore Exchange Osaka SE National Stock Exchange India TAIFEX Tokyo SE JSE South Africa Hong Kong Exchanges BM&F Borsa Italiana BME Spanish Exchanges SFE Corp Warsaw SE Athens Derivatives Exchange Bourse de Montreal RankName of Stock Exchange Number of contracts 1Chicago Mercantile Exchange (CME) Eurex Korea Exchange Euronext National Stock Exchange India Chicago Board of Trade (CBOT) OMX Stockholm SE Singapore Exchange TAIFEX Osaka SE Hong Kong Exchanges Tokyo SE BM&F JSE South Africa BME Spanish Exchanges Borsa Italiana SFE Corp Warsaw SE Athens Derivatives Exchange Bourse de Montreal Source: World Federation of Exchanges

NIFTY Futures NSE’s World Rankings Source: World Federation of Exchanges Year Ranking in the world No. 5

NIFTY Option Strikes NIFTY Index Values Percentage Cover Coverage(%) by new scheme Coverage(%) in previous scheme Number of strikes are NOW linked to NIFTY values, thus providing consistent coverage As per Previous scheme Fixed strike intervals of 3 – 1 – 3 were provided, resulting in an erosion of the coverage for the NIFTY Options

Comparison of Derivative & Equity segments Jun-2000 Nov-2000 Apr-2001 Sep-2001 Feb-2002 Jul-2002 Dec-2002 May-2003 Oct-2003 Mar-2004 Aug-2004 Jan-2005 Months/Year Traded Value (Rs in crores) Ratio Equity volumes Derivatives volumes Ratio between Derivatives & Equity Volumes of the Derivative Segment is now consistently at around 2.5 times of the Equity Segment

We now take pleasure to Welcome our new entrant into the NIFTY family * BANK Nifty * We would like to take this opportunity to thank each one of you, in being our pillars to success!!