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Religare MF: Change in the Fund Management Team

Mr.Ashish Nigam replaces Mr.Nitish Sikand as the fund manager of Religare Liquid Fundd and Religare Ultra Short Term Fund.Further, he has also been appointed as the fund manager of Religare Short Term Plan, Religare Active Income Fund, Religare Overnight Fund and Religare Gilt Fund.

All the above mentioned schemes will be jointly managed by Mr.Ashish Nigam and Mr.Umesh Sharma.

Ashish is a Science Graduate and holds a MMS degree in finance from Mumbai University.He has over 11 years'
experience in the fixed income, foreign exchange and interest rate derivative market. Prior to joining Religare Asset
Management, Ashish was working with DBS Cholamandalam AMC Ltd., as Head-Fixed Income.
The above changes will be in effect from June 11, 2009