NATIONAL STOCK EXCHANGE OF INDIA LIMITED

FUTURES & OPTIONS SEGMENT

CIRCULAR

Circular No: NSE/F&O/111/2008 October 7, 2008

Download No: NSE/FAOP/11446

Dear Members,

Subject: Adjustment of Futures and Options contracts in the security DISHTV

In pursuance of the principles prescribed by SEBI for adjustments to futures and options contracts on announcement of corporate action of rights shares and in continuation to NSE circular NSE/F&O/109/2008 dated October 6, 2008, members are informed of the following:

Corporate action:

Dish TV India Limited has informed the Exchange that the Board of Directors of the Company, at its meeting held on October 03, 2008 has fixed October 16, 2008 as the record date for reckoning the eligible shareholders who are entitled to apply for equity shares to be issued on rights basis in the ratio of 121 equity shares for every 100 equity shares of Re. 1/- each for cash at a premium of Rs. 21/- per equity share aggregating to Rs. 113,992.91 Lakhs.

Symbol : DISHTV

Rights ratio : 121:100

Record Date : October 16, 2008

Ex-date : October 8, 2008

Adjustment to futures and options contracts:

The close price of DISHTV today (last cum date) is Rs. 21.65 which is less than the rights issue price of Rs. 22. Hence, no adjustment in the contracts of DISH TV shall be done on account of this rights issue.

For any clarifications, members are advised to contact the following officials:

Mr. Sachin Dhar and Mr. Janardhan Gujaran at 022-26598151 and 022-26598152.

For and on behalf of

National Stock Exchange of India Limited

Suprabhat Lala

Asst. Vice President