May 9, 2013

Press Release No. 1

News about Financial Technologies (India) Limited and Multi Commodity Exchange of India Limited

The media had reports that Financial Technologies (India) Limited and Multi Commodity Exchange of India Limited are planning to sell its stake in Dubai Gold and Commodity Exchange (DGCX).

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the companies.

Financial Technologies (India) Limited has vide its letter inter-alia stated, "As a policy of the Company, we do not wish to comment on rumours which are speculative in nature, hence we refrain from commenting on the said news article. As a responsible Corporate, any definitive development of any substantive nature will be first notified to the Stock Exchanges in full compliance with Listing Agreement, so as to ensure uniform & simultaneous disclosure to all the investors."

Multi Commodity Exchange of India Limited has vide its letter inter-alia stated, "As a policy of the Company, we would not like to comment on rumours which are speculative in nature. Hence, we refrain from commenting on the said news article. As a responsible Corporate, we would like to assure you that the Company will at all times adhere to the compliance requirement in terms of the Listing Agreement in the larger interest of the shareholders and as best corporate governance practices."