Lotus India MF Declares Dividend

Lotus India AMC, today announced the declaration of dividend under the dividend option of Lotus India Fixed Maturity Plan - 3 Months - Series XII. The fund house has notified 2 October 2007 as the record date for the purpose of declaring dividend. Distribution of dividend is subject to availability and adequacy of distributable surplus. Pursuant to payment of dividend, NAV would fall to the extent of dividend payout and statutory levy, if applicable.

The Fund will declare the actual distributable surplus available as on the record date as dividend and the same shall be compulsorily reinvested. The dividend is being declared on a face value of Rs. 10 per unit. NAV of Dividend option as on 24 September 2007 was Rs. 10.1739. All unit holders of Dividend option under the Scheme, whose names appear in the records of the Registrar, Computer Age Management Services Pvt. Ltd., as at the close of business hours on 2 October 2007, will be entitled to receive the dividend.

Investment Objective: Lotus India Fixed Maturity Plan 3 Months Series XII is a close ended debt scheme which seeks to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme.