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					        SAIF Partners invests in the National Stock Exchange (NSE).
Mumbai, April 9, 2007: SAIF Partners, a leading private equity fund managing over $2 billion
across APAC today announced that it has invested an undisclosed amount in National Stock
Exchange (NSE) for a 5% ownership. With this investment, SAIF Partners has increased its India
portfolio to more than ten companies, including Sify, IL&FS Investsmart, Makemytrip.com, TV18
Group, JustDial, and SlashSupport, One 97 Communications amongst others.


Commenting on the announcement, Mr. Ravi Adusumalli, General Partner and India
Operations Head, SAIF Partners said, “India’s Financial Services sector is the backbone of
Indian economy’s rapid and sustainable expansion, and is the key differentiator vis-à-vis other
emerging markets. As the dominant stock exchange in the country, NSE plays an invaluable role in
channelising domestic as well as international capital to fuel the Indian growth story. We are
excited about partnering with the NSE on it’s next leg of growth and will bring our experience in
the Financial Services secto to help NSE consolidate its leadership position.”


“India is the only large country which is modernizing without going through the mandatory
industrial development cycle. We are excited about the truly world-class companies spawning this
transition across Financial Services, IT, Internet, Media, Telecom and Consumer Services sectors.
We are looking to invest in growth stage companies with strong management teams that are fiscally
responsible,” added Mr. Ravi Adusumalli.


About SAIF Partners


SAIF Partners is a leading Asian Private Equity firm that focuses on growth oriented investments in
financial services, IT, telecom, internet, media and consumer services sectors. Established with
strategic LP commitments from Cisco and Softbank Corporation of Japan, the firm has over 60
investments in the region.     The firm’s portfolio companies benefit from access to SAIF’s
international network of business relationships, as well as strategic and corporate development
support. Further details on SAIF Partners can be accessed at www.sbaif.com.
In India, SAIF has a portfolio of over 10 companies, spanning across financial services, internet,
IT, ITES, and consumer service industries. Some of SAIF’s key investments in India include Sify,
IL&FS Investsmart, Makemytrip.com, TV18 Group, JustDial, and SlashSupport. Each of these
companies has benefited significantly from ‘non-financial contributions’ made by SAIF. IL&FS
Investsmart, in particular, received a strategic investment from E*Trade prior to its IPO last year
owing to its relationship with SAIF. E*Trade has since increased its stake in Investsmart and has
been active in helping Investsmart leverage it’s strong online experience.

About National Stock Exchange (NSE)


National Stock Exchange (NSE), established in the mid 1990s as a demutualised electronic
exchange by leading Indian financial institutions. Today, it is India's largest exchange and ranks
third globally by number of trades in the equities market. NSE has played an important role in
helping reform the Indian securities market and in bringing about transparency, efficiency and
market integrity.


NSE introduced trading in equity derivative products in 2000-01, and currently ranks fourth in
index futures globally. Its flagship index, the NIFTY 50, is used extensively by investors in India
and around the world to take exposure to the Indian equities market. As a stakeholder in the
National Commodity Derivatives Exchange (NCDEX) and Multi-Commodity Exchange (MCX),
NSE has also been part of the exciting growth of the Indian commodity derivative markets.

For further information, please contact:

Parminder Chhatwal
+91 9866461770
parminder@sbaif.com



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