Dated: Friday, December 24, 2004
Circular No. DDP/02/03/85

Dear Sir,

SUB: Discontinuation of INTRODUCTION SCHEME w.e.f 01st January 2005

This is for the information of all that the Company has decided to discontinue the Introduction Scheme, under which a credit of Rs. 50/- is given to Abhipra client who introduces a demat account. This shall be discontinued w.e.f 01st January 2005

Please take note of the same. No client shall be entitled for the benefit under Introduction scheme w.e.f 01st January 2005.