Press releases 2008

10 June 2008
14 - 08

Four Indian firms take AIM in four weeks

- More than 50 Indian firms on the London Stock Exchange
- KSK Emerging India Energy Fund is one of the largest AIM floats so far this year

The London Stock Exchange announced today that KSK Emerging India Energy Fund Limited (“KEF”) has become the fourth Indian firm to float on AIM in the last four weeks. Between them the four new Indian firms have raised an estimated $387 million.

KEF is a closed ended investment company established to make investments in companies engaged in the Indian power and energy sector. On admission to AIM KEF raised $200 million, one of the largest AIM floats to date in 2008. The other three Indian firms to have joined AIM over the past month are Indus Gas, OPG Power Ventures and Mortice Ltd.

Tracey Pierce, Head of Equity Primary Markets, London Stock Exchange Group, said:

“With London now firmly established as the number one market for international companies it makes sound sense for Indian companies with global aspirations to look to join the London Stock Exchange. The four Indian firms that have chosen to go global through AIM over the last four weeks are now benefiting from access to the world’s deepest pool of international capital and a knowledgeable, outward looking, professional investor base, committed to serving emerging markets. The pipeline of growing, innovative Indian companies looking to admit to AIM remains strong.”

KEF’s arrival takes the total number of companies from India on the London Stock Exchange’s markets to 52, with a combined market cap of $16.8 billion. In total Indian firms have raised $5.3 billion through flotations on the London Stock

Exchange. Trading in the secondary market also remains strong, with over $5 billion worth of trading in Indian securities on the International Order Book so far this year.

To mark KEF’s admission to trading on AIM the fund’s Non-Executive Director, Tanmay Das, opened the London Stock Exchange's markets, by launching 'The Source' the London Stock Exchange's dynamic sculpture positioned in the main atrium of its building at Paternoster Square.

- Ends -

For further information, please contact

London Stock Exchange:
Alastair Fairbrother Press Office +44 (0)20 7797 1222
newsroom@londonstockexchange.com

Mohan Bhuyan +91 98100 58564

KSK Emerging India Energy Fund Limited:

Henry Harrison Topham Abchurch Communications + 44 (0)20 7398 7702

henry.ht@abchurch-group.com

Notes to editors

The four recent Indian admissions to AIM are:

• KSK Emerging India Energy Fund: joined AIM June 9, raising $200 million.
• Indus Gas: joined AIM June 6, raising $48.4 million.
• OPG Power Venture: joined AIM 30 May, raising $128.6 million.
• Mortice Ltd: joined AIM 15 May, raising $9.8 million.