BSE-(Bombay Stock Exchange) FROM: Taruna G. Dalwala To: Mrs. Rutvi Umrigar To: Mrs. Rutvi Umrigar

Board of Directors  Non-Executive Chairman -- Mr. Jagdish Capoor Mr. Jagdish Capoor Mr. Jagdish Capoor  Managing Director & Chief Executive Officer -- Mr.Madhu Kannan Vision "Emerge as the premier Indian stock exchange by establishing global benchmarks"

introduction  history  The origine of the BSE dates back to  It was organized under the name of “The Native Stock & Share Brokers Association” as a voluntary & non-profit making association.  It was recognized on a permanent basis in 1957.

 Today, BSE is the world's number 1 exchange in terms of the number of listed companies and the world's 5th in transaction numbers.  The market capitalization as on December 31, 2007 stood at USD 1.79 trillion.  An investor can choose from more than 4,700 listed companies, which for easy reference, are classified into A, B, S, T and Z groups.  The SENSEX is constructed on a 'free- float' methodology.

 It has a nation-wide reach with a presence in more than 359 cities and towns of India.  BSE is the first exchange in India and the second in the world to obtain an ISO 9001:2000 certification.  BSE continues to innovate,In recent times, it has become the first national level stock exchange to launch its website in Gujarati and Hindi to reach out to a larger number of investors.  BSE calculate 20 indices and disseminates these every 15 seconds.

Objective of BSE 1.To safeguard the interest of investing public having dealings on the exchange. 2.To establish & promote honorable & just practices in securities’ transaction. 3.To promote, develop & maintain well regulated market for dealing in securities. 4.To promote industrial development in the country through efficient souces.

Trading in BSE  In march 1995, BSE introduced screen based trading called BOLT(BSE On Line Trading)  The BSE On-line Trading (BOLT): BSE On- line Trading (BOLT) facilitates on-line screen based trading in securities. BOLT is currently operating in 25,000 Trader Workstations located across over 359 cities in India.  It is designed to get best bids and offers from jobbars’ book as well as the best buy & sell orders from the order book.  BOLT has a nation wide network.

 Trading Work Station are connected with the main computer at Mumbai through WAN.  The capacity is 5,00,000 trades per day i.e. 6 hours from 9:30 A.M. to 3:30 P.M.  After getting specific approval from SEBI, BOLT connection have been installed in Ahmadabad, Rajkot, Puna, Vadodara, & Kolkata.  The number of Scrips on BSE was 4,702 in March & has increased to 5,853 in March 1998.

 BSEWEBX.com: In February 2001, BSE introduced the world's first centralized exchange-based Internet trading system, BSEWEBX.com. This initiative enables investors anywhere in the world to trade on the BSE platform.