BSE to launch Sensex Futures on US Futures Exchange

* Facility for round-the-clock trading to capture different time zones

* Dollar-denominated cash-settled contract.

* Monthly settlement consistent with corresponding value of Sensex Futures contract

* Trading available 23 hours a day

* Arbitrage opportunity

* Enables exposure to Indian markets by overseas investors

Mumbai, April 3, 2008: Bombay Stock Exchange (BSE), the oldest exchange in Asia, today announced that it would be launching trading of SENSEX based Futures on the U.S. Futures Exchange (USFE) in Chicago on April 4, 2008.

With a view to ensure liquidity, some of the most eminent names in the world of international finance have agreed to serve as market makers for the contract.

Commenting on the development, Mr. Rajnikant Patel, Managing Director & CEO, BSE said, "It is indeed a proud moment for us, given the fact that we have been able to put the Indian markets on the global map by providing a platform for investors across geographies to invest in the promising India growth story. We are confident of the fact that this exclusive arrangement with USFE will be a success and will be a milestone in the history of the Indian Capital Market."

The contract will have a notional value of $ 40,000 and a tick value of $10. The clearing and settlement will take place through The Clearing Corporation, Chicago, which is a safe, reliable independent clearing house with a 75 year history of risk management.

About Bombay Stock Exchange Limited

Established in 1875, BSE is the oldest stock exchange in Asia. Earlier an Association of Persons (AOP), the Exchange is now a corporatised and demutualised entity. BSE reaches to around 450 cities and towns of India and has more than 4,800 listed companies on the board, with over 7,500 scrips being traded. The companies listed on BSE command a total market capitalization of 1.4 trillion USD. The Exchange offers trading in the equity (cash and derivatives) and debt (corporate and government securities) segments.

About U.S. Futures Exchange

Chicago-based U.S. Futures Exchange offers specialized products to meet the unique market demands of retail, hedge fund and institutional customers in a fully regulated, centrally cleared futures and options exchange. U.S. Futures Exchange was formed in 2006 following Man Group's investment in the former Eurex US. For further information, visit www.usfe.com.