Released on = June 13, 2007, 5:14 am

Press Release Author = Multi Commodity Exchange of India Ltd.

Industry = International Trade

Press Release Summary = Multi Commodity Exchange of India (MCX), the global leader
in silver futures trading and among the world's top five exchanges in gold, crude
oil and natural gas futures trading, and Shanghai Futures Exchange (SHFE) of China
today signed an MoU to share knowledge and expertise for further development of
their exchange ecosystems.

Press Release Body = Press Release

MCX inks MoU with Shanghai Futures Exchange

June 13, 2007: Multi Commodity Exchange of India (MCX), the global leader in silver
futures trading and among the world's top five exchanges in gold, crude oil and
natural gas futures trading, and Shanghai Futures Exchange (SHFE) of China today
signed an MoU to share knowledge and expertise for further development of their
exchange ecosystems.

The MoU was signed by Lamon Rutten, joint managing director of MCX, and Madam Wang
Lihua, chairperson of SHFE, at the Pudong Shangri-La Hotel, Shanghai, China.

In order to ensure that the advantages of an efficient futures market are made
available to the entire spectrum of users within and outside their respective
countries and subject to the necessary regulatory approval, MCX and SHFE will share
experiences, business rules, byelaws and regulations. This will include information
on futures contracts traded on the exchanges along with delivery terms and
conditions and risk management procedures.

Other terms stipulate official exchanges for greater expertise sharing and training
of exchange personnel, sharing of delayed trading data that emanate from each
exchange for internal use of the other exchange and their members, coordination of
local industry efforts in consultation with each other to enable industry
participants face competition and manage price risk better.

Mr Rutten said: "SHFE has established a very efficient futures market in metals and
other commodities and will share its experience with MCX, which itself has developed
a potent futures market in bullion, base metals, energy and agricultural
commodities. MCX will share its experiences in these sectors with SHFE."

Madam Wang Lihua stated, "The Shanghai Futures Exchange has been dedicated to
knowledge sharing and cooperation with counterparts both at home and abroad and is
eager to learn from overseas derivatives markets in terms of their success in
product and system innovation. As the world's exchanges step up industry
consolidation amid the trend of increasing economic globalization, the Shanghai
Futures Exchange has taken an important step by joining hands with MCX and forming a
strategic partnership. The singing of the MoU between the two exchanges will enable
both sides to exchange information, engage in constructive cooperation and take
advantage of each other's strengths."

About MCX

The Mumbai-based MCX (www.mcxindia.com) is an independent, demutualised nationwide
electronic multi commodity futures exchange set up by Financial Technologies with
permanent recognition from Government of India for facilitating online trading,
clearing & settlement operations for futures market across the country. The exchange
started operations in November 2003 and presently is the top commodity exchange in
the country with 70% market share of the total commodity derivatives trading volume
in the country. Among the top ten commodity derivatives exchanges in the world, MCX
ranks among the top three bullion, energy and copper exchanges in the world in terms
of contracts traded. The average daily turnover of MCX is about US$2.15 billion

In addition to being an ISO 9001:2000 company for quality management, it is the
world's first and only multi-commodity exchange to have achieved ISO 27001:2005
certification, the global benchmark for information security management systems.

MCX offers futures trading in 65 commodities including commodities ranging from
bullion, agri-commodties to plastics and fibres, defined in terms of the type of
contracts offered. The exchange strives to spearhead developments in the
commodities futures industry. Therefore it has forged ten strategic alliances across
the world, including with Tokyo Commodity Exchange, Chicago Climate Exchange, London
Metal Exchange, New York Mercantile Exchange, New York Board of Trade and Bursa
Malaysia Derivatives, Berhad.

Financial Technologies India Ltd, a leading provider of transaction automation
technologies for equities, derivatives, forex and commodity markets, holds a major
stake in MCX. Other key stakeholders include Fidelity International, State Bank of
India & its subsidiaries, National Stock Exchange (NSE) and National Bank for
Agriculture & Rural Development (NABARD).

About Shanghai Futures Exchange

Shanghai Futures Exchange (SHFE) is organized under relevant rules and regulations.
A self-regulated entity, it performs functions that are specified in its bylaws and
state laws and regulations. It is regulated by the China Securities Regulatory
Commission (CSRC). At present, futures contracts underlying five commodities, i.e.,
copper, aluminum, natural rubber, fuel oil and zinc, are listed for trading.

For further information please contact:

Ravi Muthreja
Head, Communications, MCX
Phone No.: +91 22 66497000
Mobile No.: +91 9867726000
Email: Ravi.muthreja@mcxindia.com

Web Site = http://www.mcxindia.com

Contact Details = V. Madhavan
Corporate Communications
Multi Commodity Exchange of India Ltd.
No. 16, Surya Flats, II Cross
Seethamal Colony Extn.
Teynampet
Chennai 600018