India Equities Fund Ltd

Milestones

February 2008

Contango Capital Partners Limited (ASX Code CCQ) acquires a 64% stake in Olympus Funds Management Ltd

April 2007

Trading of IEFL shares commences on the (ASX Codes INE/INES)

March 2007

Closing date for IPO of India Equities Fund Ltd, with investment of $75 million

February 2007

Prospectus for India Equities Fund Ltd – the first fund for Australian investors that was listed on the ASX, providing investor access to companies listed on India’s Bombay Stock Exchange and National Stock Exchange.

January 2007

Evaluation of potential investment managers in broader Asia including Hong Kong commences

June 2006

Olympus Funds Management Pty Ltd incorporated and holds Australian Financial Services Licence (AFSL 307329) with John Pereira as the Managing Director and ownership by a company associated with Mr Pereira’s family interests.

Evaluation of potential investment managers in Mumbai and London commences