Reliance Money ties-up with CMC

* Reliance Money partners with CMC Limited to retail its financial products

* Tie-up also to facilitate Customer Acquisition for Reliance Money

* Reliance Money to install retail kiosks at CMC franchisee outlets across India

* Reliance Money first company in India to provide trading through web-enabled retail kiosks

June 21, 2007: Reliance Money, the financial distribution company of the Anil Dhirubhai Ambani Group, today announced its tie-up with CMC Limited, a leading IT Solutions & Service provider.

The tie-up was announced by Sudip Bandyopadhyay, Director & CEO, Reliance Money and Ramanathan Ramanan, M.D & CEO, CMC Limited, at a press conference here today.

As per the agreement, Reliance Money would be installing its web-enabled retail kiosk at CMC Franchisee outlets. CMC has over 250 strategically located outlets across the country.

"This initiative will further enhance our customer servicing capabilities in the Financial Service space and add value to our Education and Training centres. The Customers, at our Education and Training centres, will be able to complete their financial transactions using Reliance Money kiosks and get educated in their related products. We will also launch a six-month job oriented program in area of Finance with Reliance Money", said Mr. Ramanan while addressing a conference here.

In addition, CMC would also facilitate Customer Acquisition process of Reliance Money and act as Partner for both it's Trading & Financial Distribution business. CMC, through it's nationwide presence at category A, B & C cities would assist Reliance Money in sourcing customers from their franchisee Centres.

"Our tie-up with CMC would not only facilitate Customer Acquisition but also provide customers additional convenient locations for completing their financial transactions. With the installation of these Kiosks at its outlets, CMC can leverage increased walk-ins into its outlets while Reliance Money will strengthens its distribution reach, a mutually beneficial relationship between both partners", said Sudip Bandyopadhyay.

Reliance Money is the first company to deploy internet enabled retail kiosks for trading in the world with the sole purpose of getting close to the customer and providing them convenient and secure access to a cost effective transaction platform for meeting their financial transaction requirements.

Reliance Money has plans to deploy over 10,000 such kiosks in the country, the biggest deployment by any company globally, that will enable its customers to transact in, amongst others, Equity, Equity & Commodity Derivatives, Mutual Funds, IPOs etc.

About Reliance Money: Reliance Money is a comprehensive financial services and solutions provider. Its endeavor is to change the way India transacts in financial markets and avails financial services.

Reliance Money is a group company of Reliance Capital - one of India's leading and fastest growing private sector financial services companies, ranking among the top 3 private sector financial services and banking companies in terms of net worth.

Reliance Capital is a part of the Reliance - Anil Dhirubhai Ambani Group.

About CMC: CMC is a leading IT solution and service provider servicing the Indian and International markets for more than three decades. With its extensive experience and in-depth understanding of the financial services industry, CMC has developed innovative, cost-effective solutions to ensure that its clients can meet head-on, the present and future challenges of the industry.

CMC's solutions span stock exchanges such as BSE for online trading solutions , as well as depositories and custodial services, designed to address the changing needs of the industry and to meet business requirements across markets.