<HTML><HEAD><TITLE>Dear Sir/Madam,</TITLE><META http-equiv=Content-Type content="text/html; charset=windows-1252"><META content="Microsoft FrontPage 4.0" name=GENERATOR></HEAD><BODY link=#0000ff><FONT face=Arial size=2></FONT><TABLE class=tab style="FONT-SIZE: 11px; FONT-FAMILY: verdana" cellSpacing=0 borderColorDark=#cc0066 cellPadding=2 width="95%" align=center borderColorLight=#cccccc border=1 > <TBODY> <TR> <TD class=tab colSpan=2><a href="http://www.indiainfoline.com/"><img height="90" src="http://www.indiainfoline.com/imgs/iilo.gif" width="124" border="0" align="left"></a> <P align=center><FONT face="Times New Roman, Times, serif" color=#cc0033 size=5><B><BR> <FONT size=6>India Infoline Economy Probe</FONT></B></FONT><FONT size=6><I><B><FONT color=#cc0066> </FONT></B></I></FONT><I><FONT face="Verdana, Arial, Helvetica, sans-serif" color=#999999 size=2><BR> </FONT></I></P> <DIV align=center> <DIV
align=center></DIV></DIV></TD></TR> <TR> <TD class=tab vAlign=top colSpan=2> <P><font color="#000080" size="3" face="Garamond">Get an update on the Indian Economy delivered into your mailbox every month.</font></P> <P align=justify><font color="#000080" size="3" face="Garamond"><b>India Infoline Economy Probe</b> reviews the key aspects of the Indian economy such as GDP, growth in agriculture and industry, foreign trade, money & banking, trends in inflation, progress on infrastructure projects, institutional fund flows and performance of key stock indices.</font></P> <table width="100%" border="0" cellspacing="4" cellpadding="4"> <tr> <td colspan="2" rowspan="2"> <div> <p><font face="Garamond" size="3"><font color="#000080">The Monthly Report includes:</font></font> <p><font face="garamond" size="3">1. </font><font face="garamond" size="3"
color="#000080">Executive Summary </font> </div> <div><font face="garamond" size="3" color="#000080">2. Macroeconomic Indicators </font></div> <div><font face="garamond" size="3" color="#000080">3. Agriculture</font></div> <div><font face="garamond" size="3" color="#000080">4. Industry </font></div> <div><font face="garamond" size="3" color="#000080">5. Infrastructure </font></div> <div><font face="garamond" size="3" color="#000080">6. Banking </font></div> <div><font face="garamond" size="3" color="#000080">7. External Sector </font></div> <div><font face="garamond" size="3" color="#000080">8. Capital Market</font></div> <div> <p align="center"><strong><a href="http://www.indiainfoline.com/econ/mosu/Aug%2704.pdf"> </a></strong></p> </div> </td> <td rowspan="2"
valign="top" width="20%" align="center"> <table width="180" border="1" cellspacing="0" cellpadding="0" bordercolor="#000099" vspace="6" hspace="6" align="right"> <tr align="center"> <td><font face=Garamond color=#000080 size=3><b><img src="http://www.indiainfoline.com/imgs/nevi/ecopro.jpg" width="216" height="225" align="right"></b></font></td> </tr> </table> </td> </tr> <tr> </tr> </table> <P align=center><strong><a href="http://www.indiainfoline.com/econ/mosu/sept%2704.pdf"><font color="#CC0033" size="4" face="Garamond">View Sample of India Infoline Economy Probe</font></a></strong></P> <P align=justify><font color="#000080" size="3" face="Garamond">The monthly report (in PDF format) would be emailed directly into your mailbox by the 10th of every month. Annual Subscription charge (inclusive of service tax) is Rs 6,000 (US$150 for overseas
subscriptions) for 12 issues. In addition, subscribers would receive Special Reports on key economic events such as Budget, Credit Policy, EXIM Policy and Elections.</font></P> <P align="center"><strong><font face="Garamond" color="#cc0033" size="4"> </font> <a href="http://www.indiainfoline.com/economy/register.asp?flag=payonline"><font face="Garamond" color="#cc0033" size="4">Subscribe Now!</font></a></strong><font face="Garamond" color="#000080" size="3"></font></P> <P><font color="#000080" size="3" face="Garamond">For Subscriptions send Demand Draft/Cheque payable at par in Mumbai in favor of India Infoline Limited to:</font> </P> <P><STRONG><font color="#000080" size="3" face="Garamond">Suvarna Gurav<BR> India Infoline Ltd<BR> Suraj Towers, Ground Floor,<BR> Valbhatt Road, Opp. Nirlon Complex,<BR> Goregaon (E), Mumbai 400063.</font></STRONG></P> <font color="#000080"
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