Future Capital Holdings Limited’s standalone income has grown by 483% to Rs 1,934 lacs for the quarter ended 30 June 2008 from Rs 332 lacs for the quarter ended 30 June 2007. The standalone losses have reduced to Rs 136 lacs for the quarter ended 30 June 2008 from Rs 311 lacs for the quarter ended 30 June 2007.

Investment Advisory:

FCH’s investment advisory business is today one of the largest talent-led investing platforms in India with over

150 people and with around Rs 6,000 crores of assets under advisory across private equity and real estate. The last quarter saw the first close of US$ 350 million Indospace Logistics Partners, a logistics fund that will invest in developing industrial warehousing facilities across India. The FCH-Realterm joint venture will advise the investment manager of IndoSpace Logistics Partners. In addition, Indivision India Partners, a private equity fund whose investment manager FCH advises, invested in Percept Ltd, an entertainment media and communications company and Centrum Capital Ltd, a Sebi-registered Category I merchant banker.

Wholesale Credit:

In the last quarter of FY 2008, FCH also established a wholesale credit business (Future Capital Credit) to finance innovative credit requirements of corporates encompassing mezzanine, promoter and project financing, distressed debt, acquisition funding and other special situations related financing. Future Capital Credit is headed by Shailesh Shirali. Shailesh was MD-Global Structured Finance and Investments at DSP Merill Lynch and comes with over 15 years experience in the business of wholesale financing.

Retail Financial Services:

Future Capital Financial Services (FCFS), our retail financial services business, was launched in June 2007 with the objective of becoming India’s first consumer-centric retailer of financial products and services. In one year, this business has spread to170 points of presence across 30 cities in India and has built a loan book of over Rs 192 crores.

The last quarter saw Anil Kaul joining FCFS as joint managing director. Formerly CEO of ICICI Direct, Anil has over 14 years experience in retail broking and banking. FCFS, which retails financial products and services using the mall assurance model, strengthened its presence in the business of insurance distribution. Innovative travel, personal accident and home content insurance products were launched as were ULIP’s (Unit Linked Insurance Plan). New health insurance and credit shield products are expected to be introduced shortly.

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About Future Capital Holdings:

Future Capital Holdings (FCH) is one of the premier listed investment advisors in India with domain expertise in

private equity and real estate. It is also building the infrastructure to create India’s first ‘consumer-centric’ retailer of financial products and services by leveraging the distribution reach and customer base of the Future Group. FCH’s business is currently organized into three segments; Investment Advisory, Retail Financial Services and Wholesale Credit.