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Geojit Financial Services Ltd has informed BSE that the Compensation Committee of the Board of Directors of the Company on July 03, 2008, has allotted 1,45,650 equity shares of the Company of the face value of Re 1 each to employees of the Company and its subsidiaries and 18,000 equity shares of the face value of Re 1 each to a director of the Subsidiary Company upon exercise of stock options by them under Employees Stock Option Plan 2005 (ESOP 2005).

Geojit Financial Services Ltd has informed BSE that the Board of Directors of the Company has decided to seek the approval of Members through Postal Ballot for the following -_

Ordinary Resolution authorising the Board of Directors to cause the Company to permit Geojit Commodities Ltd to discontinue its commodities broking business, to surrender membership of Commodities Exchanges and to accept compensation from BNP Paribas for the same.

Geojit Financial Services Ltd has informed BSE that the Board of Directors of the Company has decided to seek the approval of Members through Postal Ballot for the following -_

Ordinary Resolution authorising the Board of Directors to cause the Company to permit Geojit Commodities Ltd to discontinue its commodities broking business, to surrender membership of Commodities Exchanges and to accept compensation from BNP Paribas for the same.

Ambit Corporate Finance Pvt Ltd (”Manager to the Offer”) on behalf of BNP Paribas SA (”Acquirer”) has issued this Corrigendum to the Public Announcement (PA) to the equity shareholders of Geojit Financial Services Ltd (”Target Company”), which is in continuation of & should be read in conjunction with the Public Announcement (”PA”) dated March 16, 2007 & Corrigendum to Public Announcement dated April 25, 2007.

The shareholders of the Target Company may please note the following:

1. As disclosed in the First Corrigendum to Public Announcement, in terms of Regulation 18(1) of the SEBI Takeover Code, the draft Letter of Offer has been submitted to SEBI and SEBI had sought some clarifications. The clarifications have been responded to by the manager to the offer. Subsequently, SEBI has requested for comments from RBI on the Offer. Based on informal discussion with RBI, BNPP understands that RBI is of the view that under the Indian Banking Regulation Act, 1949, a bank cannot hold any stake in a commodities brokerage business and therefore BNPP had made a proposal to the Board of Directors of the Target Company to consider discontinuing the commodities brokerage business undertaken by the Target Company’s subsidiary, Geojit Commodities Ltd (”GCL”). The Acquirer has offered to compensate GCL at a fair value for the opportunity loss that would result from the discontinuation of the commodities brokerage business. A valuation for this purpose has been conducted by an independent advisor (Ernst & Young Pvt Ltd), who has arrived at a value of Rs 39.2 crores. Subject to the receipt of all applicable Indian regulatory approvals, the Acquirer therefore has offered to pay to GCL, a compensation of Rs 40 crores for the above mentioned discontinuation of the commodities brokerage business. The Board of Directors of the Target Company have approved said proposal on May 23, 2008. The Company has informed the RBI about this proposal vide its letter dated May 30, 2008.

2. Further, BNPP has reiterated its commitment to further strengthen its collaboration with the Target Company and has stated that it would be interested in investigating more areas of co-operation, in addition to the existing co-operation in various areas. One such area of association has been identified as investment in Geojit Technologies Pvt Ltd (a wholly owned subsidiary of the Target Company). BNPP has agreed to invest Rs 60 crores in the fresh equity of Geojit Technologies Pvt Ltd, for 35% stake, subject to it being able to maintain its current shareholding in the Target Company from a regulatory standpoint and subject to requisite regulatory and corporate approvals.

3. Further material developments in the Offer process will be announced by way of further announcement.

Terms used but not defined in this Second Corrigendum to Public Announcement shall have the same meaning as assigned in the PA and the First Corrigendum to Public Announcement.

Geojit Financial Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 23, 2008, inter alia, has recommended a Final Dividend of 70 paise per share (70.00% on the face value of Re 1 per share) for the financial year 2007-08, subject to the approval of the Shareholders of the Company at the ensuing Annual General Meeting of the Company.

Geojit Financial Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 23, 2008, has considered the proposals received from BNP Paribas based on its ongoing discussions with the management of the Company, aimed at leveraging the potential opportunities that BNP Paribas could offer to the Company to drive its future growth. On a detailed consideration of these proposals, the Board granted its approval to the following measures / initiatives:

1. Acceptance in principle by the Company, of BNP Paribas’ offer to invest Rs 60 crores into Geojit Technologies Pvt Ltd (GTPL), currently a wholly owned step down subsidiary of the Company engaged in IT software development and services, by way of subscription to 35% equity share capital of GTPL;

2. Subject to the approval of its shareholders, in principle acceptance by the Company of BNP Paribas’ offer for compensation of Rs 40 crores to Geojit Commodities Ltd (GCL) or the Company, in consideration of GCL a wholly owned subsidiary of the Company, surrendering, subject to applicable regulatory approvals, its membership of the commodities exchanges.

Geojit Financial Services Ltd has informed BSE that the Compensation Committee of the Board of Directors of the Company on April 12, 2008, has allotted 3,28,830 equity shares of the Company of the face value of Re 1 each to employees of the Company and its subsidiaries and 18,000 equity shares to a director of the Company upon exercise of stock options by them under Employees Stock Option Plan 2005 (ESOP 2005).