DAILY

Prepare for future; invest in e-gold and e-silver. E-GOLD / E-SILVER SUMMERY 9th DECEMBER 2010

Table of Contents
1) 2) 3) 4) 5) 6) 7) 8) 9) E-Series: Turnover summary ..................................................................................................................... 2 E-Series: Investment Returns .................................................................................................................... 2 Daily Market Summery 8th Dec, 2010 ....................................................................................................... 2 Cost of Purchase (Reference Place Mumbai) ......................................................................................... 3 Returns since launch E-Gold vs. Gold ETFs ........................................................................................... 3 Price comparison of Gold Coin from various sources ............................................................................ 3 Product Features:......................................................................................................................................... 4 E-Gold: Volume and Price Chart ............................................................................................................... 4 E-Silver: Volume and Price Chart ............................................................................................................. 5

10) E-Copper: Volume and Price Chart.......................................................................................................... 5 11) Comparison of investment in E-Gold through different sources ........................................................... 6 12) ETF Performance A Comparison of Benchmark MCX Gold Price vs. Gold Bees ETFs price ..... 6 13) Empanelled Depository Participants ......................................................................................................... 7 14) For further details contact ........................................................................................................................... 8

National Spot Exchange Ltd. 102 A, landmark, Suren road, Chalaka, Andheri (E), Mumbai 400 093, India Email: info@nationalspotexchange.com Website: www.nationalspotexchange.com

1) E-Series: Turnover summary

25000 20000 Turnover (In Rs Lakhs) 15000 10000 5000 0 E-Copper E-Gold E-Silver 12/1/2010 30.71 4733.18 7185.39 12/2/2010 4417.24 3483.49 3165.04 12/3/2010 4537.85 1731.07 4467.93 12/6/2010 5440.89 5847.34 16059.59 12/7/2010 5395.97 11780.43 16733.23 12/8/2010 7879.91 9204.12 21075.66

Daily turnover of E-series products (Rs Lakhs)

2) E-Series: Investment Returns

E-Series
E-Gold E-Silver

Return since last Return Since Return since last Return since week % Last Month % Quarter % Launch% 0.04 2.36 7.90 22.44 0.03 9.73 37.36 57.28

3) Daily Market Summery 8th Dec, 2010

Commodity Market E-Gold Gold MCX-Feb COMEX- Feb E-Silver Silver MCX-Mar COMEX -Mar E-Copper Copper MCX-Feb LME 3M Unit ` / gm `/10 gm $ / Tr oz `/100 gm `/kg. Cents / Tr oz `/Kg `/Kg $/MT Open High Low Close Prev. Close Chg

2089.8 20631.0 1401.3 4432.2 44400.0 2877.0 499.1 401.9

2099.3 20690.0 1405.4 4476.4 44400.0 2929.0 511.1 413.2

2069.1 20378.0 1372.1 4338.8 42703.0 2801.0 496.2 398.4

2082.4 20549.0 1383.2 4381.9 43141.0 2825.2 509.2 411.6 8849.0

2088.8 20679.0 1409.0 4523.2 44562.0 2977.7 497.4 402.2 8986.0

-6.4 -130.0 -25.8 -141.3 -1421.0 -152.5 11.8 9.4 -137.0

National Spot Exchange Ltd. 102 A, landmark, Suren road, Chalaka, Andheri (E), Mumbai 400 093, India Email: info@nationalspotexchange.com Website: www.nationalspotexchange.com

4) Cost of Purchase (Reference Place Mumbai)

Particular Min. Delivery Unit No. of Unit Purchase rate Transaction Cost( ` 10 per lakhs)* Brokerage @ ` 0.25% of purchase rate ** Stamp Duty @ ` 1/- per ` 1 Lakh of transaction # Service tax @ 10.30% Total Cost on purchase (` per unit) E-GOLD 1 gram (1 Unit) EGold Demat Receipt E-SILVER 100 gram ( 1 Unit) of ESilver Demat Receipt E-COPPER 1 Kg ( 1 Unit) of ECopper Demat Receipt

1 2082.4 0.21 5.21 0.02 0.54 5.97

1 4381.9 0.44 10.95 0.04 1.13 12.57

1 509.2 0.05 1.27 0.01 0.13 1.46

*charges are tentative and might be subjected to change. ** Brokerage charges might vary from broker to broker # Applicability of Stamp duty varies from state to state.

5) Returns since launch E-Gold vs. Gold ETFs

NSEL E-GOLD* 1700.80 2082.40 381.60 22.44 GOLDBEES ETF 1648.40 2004.60 356.20 21.61 SBIGETS ETF 1680.00 2042.00 362.00 21.55

Mar 17, 2010 (Launch Date*) (`/Unit) Dec 08, 2010 (Previous Close) (`/Unit) Profit in `/Unit Return %

6) Price comparison of Gold Coin from various sources

Particulars
No. of Unit (Gram) Base Price `/gram( Previous close) Premium for 999 purity** Price for 999 fineness `/10 gram coin Brokerage (`/Unit) Total Brokerage (`/10 gram) Service Taxs@10.30% on brokerage Delivery Charge (`/10 gram) Coin Making Charge (`/10 gram) Storage Charge ( `) Vat Tax (1%) Total Overheads (`/10 gram) Net Cost of 10 grams coin of 999 fineness ( `) Price difference E-GOLD Coin Vs others ( `)
*Price quoted is inclusive of VAT ** NSEL E-GOLD is quoted for 995 purity

E-Gold Delivery

HDFC Bank*

State Bank of India

Jeweller* (Tanishq)

10 2082.40 8.37 20907.71 5 50 5.15 200.00 200.00 0.000 209.08 664.23 21,488.23

10 2422.00 0.00 24220.00 0 0 0 0.00 0.00 0.000 0.00 0.00 24,220.00 2731.77

10 2226.00 0.00 22260.00 0 0 0 0.00 0.00 0.000 222.60 222.60 22,482.60 994.37

10 2350.00 0.00 23500.00 0 0 0 0.00 0.00 0.000 0.00 0.00 23,500.00 2011.77

National Spot Exchange Ltd. 102 A, landmark, Suren road, Chalaka, Andheri (E), Mumbai 400 093, India Email: info@nationalspotexchange.com Website: www.nationalspotexchange.com

7) Product Features:
E-Series Product details Contract Symbol E-GOLD *; E-SILVER *; E-COPPER* Trading period Mondays through Fridays (except Exchange specified holidays) Trading session 10:00 AM to 11:30 PM Trading unit 1 unit of E-GOLD, equivalent to 1 gram of Gold 1 Unit of E-Silver, equivalent to 100 g of Silver 1 Unit of E-Copper, equivalent to 1 Kg of Copper Settlement Cycle T+2 Delivery Centers Mumbai, Delhi, Ahmedabad, Jaipur, Kolkatta, Hyderabad, Chennai Delivery Logic Compulsory delivery. All open positions (buy and Sell trades) must result into compulsory delivery in demat form on the designated delivery day. *(For detail contract specification click on Contract Symbol)

8) E-Gold: Volume and Price Chart

National Spot Exchange Ltd. 102 A, landmark, Suren road, Chalaka, Andheri (E), Mumbai 400 093, India Email: info@nationalspotexchange.com Website: www.nationalspotexchange.com

9) E-Silver: Volume and Price Chart

10) E-Copper: Volume and Price Chart

National Spot Exchange Ltd. 102 A, landmark, Suren road, Chalaka, Andheri (E), Mumbai 400 093, India Email: info@nationalspotexchange.com Website: www.nationalspotexchange.com

11) Comparison of investment in E-Gold through different sources

Parameter Purchase & Sale Pricing Impurity Risk Annual Recurring Expenses (Storage, Insurance and AMC) Market Timing Security of Asset NSEL E-Gold Dematerialized Form Linked to Indian Gold Prices Cannot exist NIL 10 AM - 11.30 PM Taken care of by Exchange At Transparent secondary market prices Gold ETF Dematerialized Form Linked to international gold prices 1.0-2.25 % 9 AM - 3.30 PM Taken care of by Fund house At Transparent secondary market prices Bank (bars / coins) Physical Form May differ from bank to bank May exist High 10 AM - 5 PM Investor Responsible Jeweller Physical Form May differ from jeweller to jeweller May exist High 10 AM - 7 PM Investor Responsible

Resale

May not be Possible

At Deep Discount

Convenience of buying, storage and selling

High - Totally Demat

High - Totally Demat

Low-As physical movement & transfer involved

Low-As physical movement & transfer involved

12) ETF Performance A Comparison of Benchmark MCX Gold Price vs. Gold Bees ETFs price
Difference 2000 9 1800 1600 1400 1200 1000 800 9 3 5 7 2 -1 -1 -8 3 13 6 3 13 15 GOLD BEES 1 gram MCX 1 gram 15 5 -5 -11 -13 -1010 -11 -15 -16 -1717 - -18 -1919 -21 -23 -2222 -23 -24 -25 -29 -31 -33 -36 -38 -38 -45 -47 Mar-07 Apr-07 May-07 Jun-07 Jul-07 Aug-07 Sep-07 Oct-07 Nov-07 Dec-07 Jan-08 Feb-08 Mar-08 Apr-08 May-08 Jun-08 Jul-08 Aug-08 Sep-08 Oct-08 Nov-08 Dec-08 Jan-09 Feb-09 Mar-09 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 May-10 Jun-10 Jul-10 Aug-10 Sep-10 Oct-10 Nov-10
National Spot Exchange Ltd. 102 A, landmark, Suren road, Chalaka, Andheri (E), Mumbai 400 093, India Email: info@nationalspotexchange.com Website: www.nationalspotexchange.com

-4

-3

-15 -25 -35 -45 -55

13) Empanelled Depository Participants

Sr. No 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Depository Participants Aditya Birla Money limited. Alankit Assignments ltd Anagram Stock Broking limited Anand Rathi Shares& Stocks brokers ltd Arihant Capital Markets limited Ashika Stock Broking ltd Bonanza Portfolio limited Emkay Global Financial services limited Eureka Stocks & shares Broking services ltd Farsight Securities ltd Fort Broking Services Geojit BNP Paribas Financial Services ltd Globe capital Market limited Goldmine Stocks Pvt. Ltd. GRD Saecurities Ltd. Guiness Securities ltd Hem Securities ltd HTS Securities limited IFCI Financial Services limited India Infoline limited Indus ind Bank Karvy Stock Broking limited L.F.C Securities ltd. LSE Securities limited. M/s. IL & FS Securities Services Limited Marwadi Shares and Finance limited Master Capital Services limited Microsec Capital limited. Monarch Project & Finmarkets ltd Nirmal Bang Securities Pvt. Ltd PCS Securities limited Religare Securities Limited RR Equity Brokers Pvt. Ltd Sharewealth Securities limited Shah Investors Home Limited Shree Bahubali International limited SMC Global Securities Ltd. SSD Securities Limited Stock Holding Corporation of India ltd Zuari Investments limited NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL NSDL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL CDSL

National Spot Exchange Ltd. 102 A, landmark, Suren road, Chalaka, Andheri (E), Mumbai 400 093, India Email: info@nationalspotexchange.com Website: www.nationalspotexchange.com

14) For further details contact

Place Mumbai Mumbai Ahmedabad Rajkot Jaipur Delhi Delhi Delhi Delhi Chennai Patna Bangalore Kolkata Hyderabad Cochin Indore Contact Person Mr. Arpan Jain Mr. Amit mukherjee Mr. Ashok Kawalsot Mr. kedar Sirohi Mr. Ved Bhusan Sharma Mr. Rakesh Tiwari Mr. Sudhanshu Pandey Mr.Prashant Srivastava Mr.Ravi Shankar Mr. Pawan Kumar Betala Mr Abhay Kumar Mr. Vishwanath K. Mr. Sunil Dholakia Mr. Amarender Reddy Mr. Sathish Francies Mr. Om Prakash Agarwal Contact No. 099302 67952 099302 67951 097250 50460 09913271759 09829016547 09810365002 09711811569 09654125101 09810052482 091766 79887 09308508604 096633 09807 090514 98813 096427 64242 09446551961 098931 34145

Disclaimer: The report prepared contains information collected from various sources believed to be reliable. However NSEL does not guarantee its accuracy and completeness. It is solely meant for information dissemination and knowledge sharing. Neither NSEL nor its employees accept any liability, whatsoever, for any trading decision and loss incurred from the use of this publication. NSEL or any of its affiliates makes no warranties as to the accuracy of information or results to be obtained from its use.

National Spot Exchange Ltd. 102 A, landmark, Suren road, Chalaka, Andheri (E), Mumbai 400 093, India Email: info@nationalspotexchange.com Website: www.nationalspotexchange.com