September 18, 2013

Press Release No. 1

News about Polaris Financial Technology Limited

The media had reports that "Polaris in Talks with Japan's NEC to Sell Services Division."

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 company.

Polaris Financial Technology Limited has vide its letter inter-alia stated, "We restate that there is as yet no decision or event that requires disclosure under the listing agreement. The Company has always placed in the public domain any such decision or event as and when it occurs. If and when there is any development that requires reporting under the listing agreement, the Company would comply with its reporting obligations in this regard."

Press Release No. 2

Market-wide Position Limit in FINANTECH

The derivative contracts in the underlying FINANTECH have crossed 95% of the market-wide position limit on September 18, 2013. It is hereby informed that all clients/ members shall trade in derivative contracts of FINANTECH by offsetting their existing positions till the open interest comes down to 80% of the market wide position limit.