Media Release

BSE receives SEBI approval to launch Interest Rate Futures

Mumbai, August 26, 2009: Bombay Stock Exchange yesterday, (August 25, 2009) received an approval from the Securities and Exchange Board of India (SEBI) to launch Interest Rate Futures.

BSE would like to confirm that the exchange has the systems and processes ready for the launch of Interest Rate Futures and has been approved by SEBI to launch with immediate effect.  In light of our proposed strategic alliance with United Stock Exchange (USE) announced on August 07, 2009, we have chosen to launch the Interest Rate Futures in the next 8 to 10 weeks.

About Bombay Stock Exchange:

Bombay Stock Exchange is one of India’s leading exchange groups and has played a pre-eminent role in the development of the Indian capital market. BSE is a corporatised and demutualised entity, with a broad shareholder-base which includes two leading global exchanges, Deutsche Börse and Singapore Exchange as strategic partners.

BSE provides an efficient and transparent market for trading in equity, debt instruments and derivatives. It also provides a host of other services to capital market participants including risk management, clearing, settlement, market data services and training. It has a global reach with customers around the world and a nation-wide presence. BSE systems and processes are designed to safeguard market integrity, support the growth of the market in India, and stimulate innovation and competition across all market segments. The BSE Training Institute is at the forefront of educating market participants on currency and interest rate derivatives.

Kalyan S. Bose

Head – Corporate Affairs