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Edelweiss Monthly Interval Fund - Series I: Dividend Declaration and Change in Exit Load

December 29, 2008 has been approved as the record date for declaration of dividends under Edelweiss Monthly Interval Fund - Series I. The quantum of the declaration will be 100% of the distributable surplus as available on the record date.

Further, the exit load applicable to redemptions of units at anytime other than the specified transaction period will be 5% instead of as 2% applicable earlier. The change is applicable with effect from December 30, 2008, which is also the forthcoming specified transaction period under the scheme.