MUMBAI, September 24, 2007: Religare Enterprises Limited, a financial services company offering a wide range of financial products and services targeted at retail investors, high net worth individuals, corporate and institutional clients, has appointed Mr. Roka Maliyadri as the National Sales Head of its Portfolio Management Services (PMS).In his new role, he is responsible for developing new business and strengthening the existing client relationships. He reports to Mr. Kunj Bansal, Chief Investment Officer (CIO), PMS. Previously, Mr. Maliyadri was associated with UTI Asset Management Company and his last assignment therein was as Regional Head-Distribution Houses. He brings along with him close to a decade's experience in this area and has worked in various capacities at UTI Asset Management Company.He has the requisite expertise in developing distribution channels; creating new and structured products; designing marketing strategies for products; identifying and developing new markets, etc. He has obtained his Masters in Business Administration (Marketing) degree from SIBM, Pune. Mr. Kunj Bansal, CIO-PMS Division, Religare Enterprises Ltd., said, "The appointment of Mr. Roka Maliyadri as the National Sales Head of the PMS division is in sync with the ambitious growth plans of this premier wealth care management services company. Throughout his illustrious career, he has leveraged his key skills in generating new business, developing new products, marketing strategies and distribution channels. Since we take pride in being diligent and process driven partners in wealth creation, his expertise will further enhance our practices and help us build new discerning client relationships." Religare Enterprises Ltd. offers a wide range of financial products and services targeted at retail investors, high net worth individuals, corporate and institutional clients.Along with its various subsidiaries, it offers a wide range of services ranging from equities, commodities, insurance broking, to wealth advisory, portfolio management services, personal finance services, investment banking and institutional broking services. The Company has divided its product and service offering under three broad client interface categories: "Retail Spectrum", "Wealth Spectrum" and "Institutional Spectrum".Religare Enterprises Ltd. and its subsidiaries operate from six regional offices and 25 sub-regional offices. It has a presence in 330 cities/towns controlling 979 locations including a representative office in London. Note The Company is proposing, subject to market conditions and other considerations, an initial public offering ("IPO") of its equity shares and has filed a Draft Red Herring Prospectus ("DRHP") with the Securities and Exchange Board of India (SEBI). The DRHP is available on the website of the SEBI at www.sebi.gov.in, on the Company's website at www.religare.in; and on the respective websites of the BRLMs at www.enam.com and www.citibank.co.in. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same should see the section titled "Risk Factors" in the DRHP."This press release is not an offer for sale within the United States of any equity shares or any other security of Religare Enterprises Limited. Any equity shares of Religare Enterprises Limited may not be offered or sold in the United States absent registration under applicable U.S. securities laws or an exemption from the registration requirements under such laws. The proposed offering of Religare Enterprises Limited securities described in this press release has not been and will not be registered under the United States Securities Act of 1933, as amended (the "Act"), and, accordingly, any offer or sales of these securities may be made only in reliance on an available exemption from or in a transaction not subject to the registration requirements of the Act."
