Kotak Declares Dividend

Kotak Mahindra Trustee Company the trustee to Kotak Mahindra Mutual Fund have approved a dividend as per the details given below under Kotak Mahindra Balance Unit Scheme 99 (`the scheme') an open ended balanced scheme:

Record date 25-Sep-07 Quantum Dividend Rs. 2.00 per unit Face Value per unit Rs. 10/- NAV as on 18 September 2007 Rs. 26.736

However, distribution of above dividend is subject to the availability and adequacy of distributable surplus. Pursuant to payment of dividend, the NAV of the dividend option of the scheme would fall to the extent of payout and statutory levy if any.