Geojit Financial - Updates

With reference to the earlier announcement dated December 10, 2007 about the grant of stock options, Geojit Financial Services Ltd has informed that the discount offered on the 'Market Price' of Rs 66.55 per equity share determined as per the SEBI (Employees Stock Option Scheme and Employees Stock Purchase Scheme) Guidelines, 1999, on the 8,90,500 stock options reissued to employees of the Company and its subsidiaries, ranges from 75 paise to Re 1.25 per equity share, depending upon the management cadre of the eligible employees and discount offered on the 60,000 stock options granted to director of the Company is 50 paise per share.

The discount offered on the 25,00,000 stock options granted to key employees of the Company and its subsidiaries is 10% on, the 'Market Price' (i.e, exercise price will be Rs 59.90 per equity share).