THE STOCK EXCHANGE OF MAURITIUS LTD (Member of the World Federation of Exchanges) Newsletter. (December 2012)

Transcription

1 THE STOCK EXCHANGE OF MAURITIUS LTD (Member of the World Federation of Exchanges) Newsletter (December 2012) "Publication of this newsletter has been done with reasonable care and diligence. However the Stock Exchange of Mauritius Ltd. makes no representations, gives no warranty and disclaims all liability in respect thereof and shall not be held liable for any damage, loss or costs incurred resulting from any error in the information or any use of the said information. Appropriate independent advice should be obtained before making any investment decision." Vol. 1* No 190* Monthly Newsletter of SEM Stock Exchange of Mauritius Ltd, 4th floor, One Cathedral Square Building, 16, Jules Koenig St, Port Louis Tel.: (230) Fax: (230) Homepage address

2 Stock Exchange of Mauritius (Member of the World Federation of Exchanges) CONTENTS CONTENTS Page Headlines Main Article Market Data: Market Summary Data.. 7 Regional Monitor 8 Market Activity..9 Ratios 10 Official Market: Top Ten Companies 11 Quotation of Securities 12 High Low.. 16 Charts.. 17 Official Market Sectorial Performance. 18 Foreign Investments 19 DEM Market: Top Ten Companies 20 Quotation of Securities 21 High Low.. 25 Charts 26 DEM Market Sectorial Performance.27 Foreign Investments 28

3 Stock Exchange Of Mauritius (Member of the World Federation of Exchanges) The Egyptian Exchange organised the 16 th African Securities Exchange Association (ASEA) Conference under the theme: Unleashing Africa s Investment Potential What could be done by African Capital Markets? The themes cered areas such as market infrastructure, technology, regulatory framework, products development, private equity investments in Africa and integration of markets among others. A couple of interesting topics pertaining to the capital market industry was discussed at the Conference: (1) How to draw investment flows to the African capital markets? (2) How is the new approach of the AfDB supporting the African economies and investment climate (3) Maximising the benefits from the Africa s Oil & Gas Resources: What could be done by African Exchanges? (4) The Technology Equation: Managing the high IT costs to meet the ever rising demand for speed & efficiency and enable connectivity between markets? (5) Capital Market Reforms: Impact of Global Regulations on Emerging Market Economies (6) Upcoming IPOs: Challenges facing private equity and venture Capital firms in Africa (7) What are the challenges facing the African SMEs Exchanges in supporting the African Entrepreneurs? (8) Exploring Cooperation Opportunities among African and Asian Exchanges 1

4 Stock Exchange Of Mauritius (Member of the World Federation of Exchanges) At the Annual General Meeting of ASEA held in Cairo, Mr. Sunil Benimadhu, Chief Executive of the Stock Exchange of Mauritius,was reelected President of ASEA for a term of two years. Mr. Oscar Onyema, Director General and Chief Executive, Nigerian Stock Exchange, was elected Vice President. FTSE Group ( FTSE ), the award winning global index prider in partnership with the African Securities Exchanges Association ( ASEA ), launched on December 3, 2012, the FTSE ASEA Pan Africa Index Series, an independently calculated, rulesbased performance benchmark for Pan African equity portfolios. The market capitalisation weighted index series measures the performance of eligible securities domiciled in the following 19 African countries: Botswana, Cameroon, Cape Verde, Egypt, Ghana, Ivory Coast, Kenya, Libya, Mauritius, Morocco, Mozambique, Nigeria, Rwanda, Sudan, Tanzania, Tunisia, Uganda, Zambia and Zimbabwe. The index series is free float and liquidity screened with country weights capped at 20% to ensure the index maintains an accurate representation of the investible opportunity set. The index series has been built to FTSE s renowned standards of index design, which emphasises transparency, independence, innation and strong gernance. Price and Total Return variants are calculated on an End of Day basis. The local stock market closed the month of Nember 2012 in positive territory and maintained the growth momentum during the first two weeks of December The Allshare index, SEMDEX, closed on Friday 14 December 2012 at points. The total return index, SEMTRI, closed at points on Friday 14 December The SEM7 index, which comprises the seven largest and most liquid stocks, closed at points on Friday. Market capitalisation reached Rs billion on Friday. Total turner for the month of Nember 2012 amounted to Rs million. 2

5 Stock Exchange Of Mauritius (Member of the World Federation of Exchanges) The following data highlights the ten best performing stocks in terms of annualised total returns since their listing on the stock exchange. COMPANIES ANNUALISED TOTAL RETURN Since Listing to 14 December 2012 The Mauritius Commercial Bank Ltd 24.04% Vivo Energy Mauritius Ltd 23.53% ENL Land Ltd 21.44% Mauritius Oil Refineries Ltd 21.15% Mauritius Union Assurance Co. Ltd 20.59% The Mauritius Development Investment Trust Co. Ltd 19.82% Gamma Civic Ltd 19.78% State Bank of Mauritius Ltd 19.75% United Basalt Products Ltd 19.26% Terra Mauricia Ltd 18.97% On the Development & Enterprise Market (DEM), at market close on Friday 14 December 2012, the two indices, the DEMEX and the DEMTRI, closed at points and points. Market capitalization stood at Rs billion on Friday. A total volume of 4.6 million shares for a total value of Rs 63.7 million has been traded during the month of Nember The ten best performers in terms of total return since the beginning of 2012 are: Margarine Industries Ltd, ABC Motors Ltd, Ciel Textile Ltd, Union Flacq Ltd, Livestock Feed Ltd (O), Associated Commercial Ltd, Les Moulins de la Concorde Ltee (O), United Bus Service Ltd,FIDES, and.the AngloMauritius Assurance Society Ltd. The total return varies from 5.9% to %. On the international front, financial markets evolved in positive territory during the first two weeks of December. At its meeting of Wednesday 12 December 2012, the U.S. Federal Reserve took new stimulus steps, through liquiditypumping measures, to boost up the US economy. The Fed also indicated that interest rates would remain near zero until unemployment falls to at least 3

6 Stock Exchange Of Mauritius (Member of the World Federation of Exchanges) 6.5 percent. According to investors, the Fed's easing measures met the market's expectations, while the setting of clear inflation and unemployment targets exceeded hopes and will clear uncertainty on the monetary front. 14 December

7 MAIN ARTICLE Interview: CEO of Le Meritt Holdings Ltd, Mr. Henry Loo Q1. The listing of a company constitutes a pivotal stage in its life cycle. The date of admission to listing of the ordinary shares of Le Meritt Holdings Ltd on the Official Market of the Stock Exchange of Mauritius (SEM) is scheduled for 24th January Why did Le Meritt Holdings Ltd opt for a listing on the SEM? This me will certainly expose Le Meritt Holdings Ltd to the potential benefits that a listing on the Stock Exchange generally offers. First, a listing prides access to capital for growth and gives the company the opportunity to raise capital to fund its growth as well as potential acquisitions. Second, a listing boosts the profile of the company since it generally heightens the company s public profile with customers, suppliers, the media and investors. As a result, more business opportunities may become available to the company. Third, a listing on SEM enables value creation and liquidity for shareholders, because the company s value is independently assessed, shareholders can realise their investment, liquidity is stimulated and the shareholder base may be broadened. For all the abementioned reasons and for many more, the decision of the directors of Le Meritt Holdings Ltd to take the company to the Official Market is, in my view, an inspired decision which fits very well with Le Meritt Holdings Ltd branding and strategy to bring more foreign investors in Mauritius through its international Singapore networking. Q2. How do you view the listing of the first property company in Mauritius? The listing of the first pure property developer is truly a historic landmark in the property market of Mauritius. It is meaningful as it sends a clear signal to the local and international market that the Mauritius property market has reached an international level of maturity. It marks a key milestone in the country's progress. As a country progresses along its development path, the property development industry itself becomes a major contributor to

8 growth, while creating lots of wealth for all its stakeholders. Le Meritt is in the forefront of the ongoing transformation of the property stock of Mauritius. Q3. How does Le Meritt Holdings ltd see the future prospects of the property development sector in Mauritius? We have made our analysis of the past and future growth of Mauritius and its property market prospects. The PPP per capita of Mauritius has risen from around USD200 in the 1960s to about USD today. This continuous economic growth is viewed as an 'economic miracle' by the World Bank. The good news is that the World Bank projects that this growth will continue in the same steady pace ming forward. As evidenced in all countries of the world, as the country mes forward and develops economically, the demand for more and better quality properties will follow. It is truly an honour to be the first property counter to be listed in the SEM and more importantly, we will be in the best position to grow the company steadily along with the growth of the country. The property sector's contribution to GDP of the country has risen in last 5 years and shall continue to grow. Q4. Looking forward, what are the objectives of Le Meritt Holdings Ltd The objective of the Le Meritt Holdings Ltd is to position ourselves firmly as one of the leader in the property development market in Mauritius. We have already strategically aligned projects for the next five years and will continuously analyse the market demand for the years to come in order to be in the forefront of the property market in Mauritius. We are committed to serve the Mauritius property market by constantly introducing innative and quality products that our buyers and investors will see high value for money. Le Meritt Holdings Ltd is committed to achieve profitability and capital growth for its dedicated shareholders for the many years to come.

9 LISTINGS Official Market DEM OFF + DEM No. of Listed Companies No. of Listed Securities: EQUITIES : Ordinary Shares (Domestic Companies) Prefence Shares INVESTMENT Companies DEBENTURES GMTB 1 1 FOREIGN Companies 1 1 FUNDS GBL TRADING No. of Trading Days Market Capitalisation (Rs) 170,116,069,800 42,919,432, ,035,502,619 Market Capitalisation (USD) 5,461,190,042 1,377,830,909 6,839,020,951 Market Capitalisation / GDP (%) Turner (Rs) 865,425,718 63,732, ,157,778 Turner (USD) 27,782,527 2,045,973 29,828,500 Average Daily Turner (Rs) 43,271,286 3,186,603 46,457,889 Average Daily Turner (USD) 1,389, ,299 1,491,425 Volume Traded 44,849,219 4,638,465 49,487,684 Average Daily Volume 2,242, ,923 2,474,384 No. of Trades 4, ,936 Net Foreign Investments (Rs) 211,836,683 (2,833,252) 209,003,431 Net Foreign Investments (USD) 6,800,536 (90,955) 6,709,580 Price Earnings Ratio Dividend Yield (%) INDICES SEMDEX/ DEMEX High 1, Low 1, Close 1, SEM 7 High Low Close SEMTRI (Rs)/ DEMTRI (Rs) High 5, Low 5, Close 5, SEMTRI (US $)/ DEMTRI (US $) High 2, Low 2, Close 2, EXCHANGE RATE ( RS / US$ )** ** Month end average INDEX PERFORMANCE OCTOBER 2012 NOVEMBER 2012 Net Change (%) SEMDEX 1, , SEM SEMTRI (RS) 5, , SEMTRI (US) 2, , MARKET CAPITALISATION (RS) 168,650,242, ,116,069, Note: End Month Figures 7

10 MAURITIUS SOUTH AFRICA LISTED SECURITIES NO. OF LISTED COMPANIES NO OF LISTED SECURITIES NO OF EQUITIES INVESTMENT COMPANIES PREFENCE SHARES 1 DEBENTURES 2 4 GMTB 1 FOREIGN 1 GBL 1 COMPANIES 2 AUTHORISED MUTUAL FUNDS 16 TOTAL MARKET CAPITALISATION ( US$ million )* 5, ,021 NO. OF NEW LISTED COMPANIES 1 2 TRADING NO. OF TRADING SESSIONS TOTAL TURNOVER VALUE ( US $ million ) , TOTAL VOLUME TRADED ( million ) , MARKET RATIOS* AVERAGE PRICE EARNINGS RATIO AVERAGE DIVIDEND YIELD ( % ) STOCK PRICES / INDICES MAIN INDEX# HIGH 1, , LOW 1, , CLOSE 1, , OTHER OPERATIONAL INDICES^ 1. SEM7 HIGH , LOW , CLOSE , SEMTRI (Rs) * HIGH 5, LOW 5, CLOSE 5, SEMTRI (US $) * HIGH 2, LOW 2, CLOSE 2, EXCHANGE RATE ( LC / $ )** # Main Index SEMDEX NSX Overall ^ Other Operational Index SEM 7 NSX Local SEMTRI * Month end figures ** Average buying and selling rate month end N/A Not Available LC Local Currency 8

11 MARKET CAPITALISATION OFFICIAL MARKET DEM MARKET OCTOBER 2012 NOVEMBER 2012 OCTOBER 2012 NOVEMBER 2012 In Rs(million) 168, ,116 42,708 42,919 In US $(million) 5, , , , Turner/Market Capitalisation( % ) 0.22% 0.22% 0.42% 0.15% 0.00 #REF! TRADING VOLUME AND ACTIVITY OFFICIAL MARKET DEM MARKET OCTOBER NOVEMBER OCTOBER NOVEMBER EQUITY BOARD Turner (Rs Million) Normal ODD AON Crossings Total Volume (000) Normal 15,238 44,831 5,915 4,636 ODD AON Crossings 11, Total 27,210 44,846 6,464 4,638 No. of Trading days Daily Average Volume (000) 1,183 2, Daily Average Value ( Rs million) SEMDEX / DEMEX * SEM 7* SEMTRI (Rs) / DEMTRI (Rs) * 5, , SEMTRI (US$) / DEMTRI (US$) * DEBENTURE/GMTB BOARD Turner (Rs Million) Normal Crossings Total Volume (000) Normal Crossings 0 Total Note : * Month end figures 9

12 R A T I O S OFFICIAL MARKET YEAR 2011 YEAR 2012 JAN FEB MAR APR MAY JUNE JULY AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER Price Earnings Ratio* Dividend Yield* DEM YEAR 2011 YEAR 2012 JAN FEB MAR APR MAY JUNE JULY AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER Price Earnings Ratio* Dividend Yield* Note : * End Month Figures. 10

13 MARKET CAPITALISATION Rank Securities Rs (Billion) % 1 The Mauritius Commercial Bank Ltd State Bank of Mauritius Ltd Alteo Ltd ENL Land Ltd New Mauritius Hotels Ltd Terra Mauricia Ltd Bramer Banking Corporation Ltd Ireland Blyth Ltd Omnicane Ltd Vivo Energy Mauritius Ltd VALUE TRADED Rank Securities Rs(million) % 1 The Mauritius Commercial Bank Ltd CIM Financial Services Ltd Phoenix Beverages Ltd State Bank of Mauritius Ltd Ireland Blyth Ltd Alteo Limited New Mauritius Hotels Ltd Terra Mauricia Ltd The Mauritius Development Investment Trust Co. Ltd Lux Island Resorts Resorts Ltd VOLUME TRADED Rank Securities No of Shares(000) % 1 CIM Financial Services Ltd 30, The Mauritius Development Investment Trust Co. Ltd 2, The Mauritius Commercial Bank Ltd 1, Alteo Limited 1, Caudan Development Ltd 1, P. O. L. I. C. Y Ltd 1, Terra Mauricia Ltd New Mauritius Hotels Ltd Lux Island Resorts Resorts Ltd State Bank of Mauritius Ltd , TRADING FREQUENCY Rank Securities No of Sessions Quoted % 1 The Mauritius Commercial Bank Ltd CIM Financial Services Ltd State Bank of Mauritius Ltd Ireland Blyth Ltd Lux Island Resorts Ltd Rogers & Co. Ltd Sun Resorts Ltd New Mauritius Hotels Ltd Alteo Ltd The Mauritius Development Investment Trust Co. Ltd

14 QUOTATION OF SECURITIES ON THE OFFICIAL MARKET NOVEMBER 2012 EQUITY BOARD 01N12 05N12 06N12 07N12 08N12 Code Securities Nominal Closing Price Obs Volume Value Traded Closing Price Obs Volume Value Traded Closing Price Obs Volume Value Traded Closing Price Obs Volume Value Traded Closing Price Obs Volume Value Traded Value ( Rs ) ( Rs ) Traded ( Rs ) ( Rs ) Traded ( Rs ) ( Rs ) Traded ( Rs ) ( Rs ) Traded ( Rs ) ( Rs ) Traded ( Rs ) BANKS,INSURANCE & OTHER FINANCE BBCL.N0000 Bramer Banking Corporation Ltd , ,000 15, ,018 29, CIM.N0000 CIM Financial services Ltd ,075,180 15,416, ,820 3,384, ,003 1,611, ,437,960 57,189, ,655,167 8,275, MCB.N0000 The Mauritius Commercial Bank Ltd ,073 6,454, ,358 13,816, ,869 15,692, ,830 22,652, ,821 9,853, MEI.N0000 Mauritian Eagle Insurance Co. Ltd MUA.N0000 Mauritius Union Assurance Co. Ltd , , , , , , , SBM.N0000 State Bank of Mauritius Ltd , , ,678 2,200, ,540 2,043, , , , SWAN.N0000 Swan Insurance Co. Ltd , COMMERCE CMPL.N0000 Compagnie des Magasins Populaires Ltée HML.N0000 Harel Mallac Ltd ,000 3,752, HWF.N0000 Innodis Ltd ,000 87, , , IBL.N0000 Ireland Blyth Ltd , ,135 88, , , SHEL.N0000 Vivo Energy Mauritius Ltd , , ,000 3,767, INDUSTRY GCL.N0000 Gamma Civic Ltd , , , , , GOLI.N0000 Go Life International PCC * MBL.N0000 Phoenix Beverages Ltd ,000 30,552, ,762 1,359, MCFI.N0000 Mauritius Chemical & Fertilizer Industry Ltd MOR.N0000 Mauritius Oil Refineries Ltd , , , MSM.N0000 Mauritius Stationery Manufacturers Ltd , , MSM.R0001 Mauritius Stationery Manufacturers Ltd Rights * WITHDRAWN WITHDRAWN WITHDRAWN PIM.N0000 Plastic Industry (Mauritius) Ltd UBP.N0000 United Basalt Products Ltd ,520 3,287, , INVESTMENTS ALT.N0000 Alteo Ltd ,746 6,679, ,517 5,285, , , , , , , BMHL.N0000 Belle Mare Holding Ltd , CAUD.N0000 Caudan Development Ltd ,200 17, , , ,000 12, ,000 84, ,000 4, FINC.N0000 Fincorp Investment Ltd , , ,690 84, , , GIDC.N0000 ENL Commercial Ltd ,810 37, , ,300 47, , , ,500 31, MDIT.N0000 The Mauritius Development Investment Trust Ltd ,200 3,723, ,500 7, ,700 31, ,055 5, NIT.N0000 National Investment Trust Ltd ,600 35, , , , PAD.N0000 Promotion and Development Ltd , , , , , ,008 57, , , POL.N0000 P. O. L. I. C. Y Ltd , , ,200 53, ROCK.N0000 Rockcastle Global Real Estate Company Ltd * ROGE.N0000 Rogers & Co. Ltd , , , , , ,176 1,536, , , TERA.N0000 Terra Mauricia Ltd ,000 5,070, ,006 1,283, ,000 5,018, ,700 9,401, UTDL.N0000 United Docks Ltd , , , , LEISURE & HOTELS ASL.N0000 Automatic Systems Ltd , , , , NMHL.N0000 New Mauritius Hotels Ltd , , ,200 11,782, , , ,747 4,090, NRL.N0000 Lux Island Resorts Ltd , ,900 1,594, ,085 4,607, ,000 1,119, , , SUN.N0000 Sun Resorts Ltd , , ,208 33, , , ,036 84, ,500 69, SUGAR MTMD.N0000 Omnicane Ltd ,700 2,077, , , , , , ,568 1,317, SAVA.N0000 ENL Land Ltd ,100 84, , , , , , , SAVA.P0001 ENL Land Ltd ( Preference Shares ) , , TRANSPORT AIRM.N0000 Air Mauritius Ltd , , ,654 16, , , , , , FOREIGN DCPL.N0000 Dale Capital Group Ltd DEBT BOARD 1N12 5N12 6N12 7N12 8N12 GMTB Nominal Closing Volume Value Last Closing Volume Value Last Closing Volume Value Last Closing Volume Value Last Closing Volume Value Code Title of security Value (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) GOVT.A day GMTB ( ) 100, , , , , , Nominal Closing Volume Value Last Closing Volume Value Last Closing Volume Value Last Closing Volume Value Last Closing Volume Value Code Debentures Value (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) NRL.D0701 Lux Island Resorts Ltd F / P Convertible Bond OMNI.D0501 Omnicane Ltd Notes 1,000, ,000, ,000, ,000, ,000, ,000, AUTHORISED MUTUAL FUND Obs : OFFICIAL Obs : INDICATIVE Obs : INDICATIVE Obs : INDICATIVE Obs : OFFICIAL Name ISSUE PRICE REDEMPTION PRICE ISSUE PRICE REDEMPTION PRICE ISSUE PRICE REDEMPTION PRICE ISSUE PRICE REDEMPTION PRICE ISSUE PRICE REDEMPTION PRICE NAV Date NAV Date NAV Date NAV Date NAV Date Rs Oct12 Rs N12 Rs N12 Rs N12 Rs N12 Ipro Growth Fund Ltd Ipro Growth Fund Ltd NAV Sep Sep Sep Sep Sep12 Rs Rs Rs Rs Rs AFRICA SUSTAINABILITY FUND Class A Shares USD Sep12 USD Sep12 USD Sep12 USD Sep12 USD Sep12 NOVARE AFRICA FUND PCC Nare Africa Property Fund ( 1 ) USD Sep11 USD Sep11 USD Sep11 USD Sep11 USD Sep11 GLOBAL INVESTMENT OPPORTUNITIES FUND Kotak Indian Growth Fund ( Class A ) USD Sep12 USD Sep12 USD Sep12 USD Oct12 USD Oct12 Kotak Indian Mid Cap Fund ( Class C ) USD Sep12 USD Sep12 USD Sep12 USD Oct12 USD Oct12 Kotak Liquid Fund ( Class I ) USD Sep12 USD Sep12 USD Sep12 USD Oct12 USD Oct12 KOTAK INVESTMENT OPPORTUNITIES FUND LTD Kotak Indian Infrastructure & Realty Fund (Series 1) USD Sep12 USD Sep12 USD Sep12 USD Oct12 USD Oct12 Kotak Indian Infrastructure & Realty Fund (Series 2) USD Sep12 USD Sep12 USD Sep12 USD Oct12 USD Oct12 GLOBAL DIVERSIFIED FUND PCC Global Diversified Cell Number 1 GBP Sep12 GBP Sep12 GBP Sep12 GBP Sep12 GBP Sep12 IMARA PORTFOLIO SELECTOR PCC Imara Flame Lily Fund USD Sep12 USD Sep12 USD Sep12 USD Sep12 USD Sep12 THE FOUR ELEMENTS PCC The Meteor Property Fund GBP Sep12 GBP Sep12 GBP Sep12 GBP Sep12 GBP Sep12 JPT CAPITAL PCC JPT Capital Agrifund GBP Sep12 GBP Sep12 GBP Sep12 GBP Sep12 GBP Sep12 FIDELIS OPPORTUNITY FUND PCC Focus Cell 1 GBP 8, Sep12 GBP 8, Sep12 GBP 8, Sep12 GBP 8, Sep12 GBP 8, Sep12 ACM INDIA FOCUS FUND ACM INDIA FOCUS FUND USD Sep12 USD Sep12 USD Sep12 USD Sep12 USD Sep12 THESEUS PROPERTY FUND LTD Theseus Property Fund Ltd MUR Sep12 MUR Oct12 MUR Oct12 MUR Oct12 MUR Oct12 ACM AUSSIE LTD Redeemable Participating Shares AUD Sep12 AUD Sep12 AUD Sep12 AUD Sep12 AUD Sep12 ACM EUROPEAN LTD Redeemable Participating Shares EUR Sep12 EUR Sep12 EUR Sep12 EUR Sep12 EUR Sep12 LANCELOT GLOBAL PCC Commodities Partners International USD Oct12 USD N12 USD N12 USD N12 USD N12 USD Oct12 USD N12 USD N12 USD N12 USD N12 Commodities Partners (Africa) USD Oct12 USD N12 USD N12 USD N12 USD N12 Commodities Partners (Middle East) USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 Preferences Shares of KDC Fund TRIANGLE REAL ESTATE INDIA FUND LLC Class A shares USD Sep12 USD Sep12 USD Sep12 USD Sep12 USD Sep12 BONDS TC MAURITIUS HOLDINGS 6 % Convertible Bonds 03Jun11 03Jun11 03Jun11 03Jun11 03Jun11 ISSUE PRICE : USD 100,000 EACH ISSUE PRICE : USD 100,000 EACH ISSUE PRICE : USD 100,000 EACH ISSUE PRICE : USD 100,000 EACH ISSUE PRICE : USD 100,000 EACH GBL 1 COMPANIES Evisa Investments Ltd USD Sep12 USD Sep12 USD Sep12 USD Sep12 USD Sep12 SEMDEX / VOLUME / VALUE 1, ,813,700 76,744, , ,344,416 44,806, , ,899 32,599, , ,941,368 91,691, , ,170,906 36,967, SEM SEMTRI ( In Rs Terms ) 5, , , , , SEMTRI ( In US $ Terms ) 2, , , , , CR=Cum Rights, ER=ExRights, CB=Cum Bonus, EB= ExBonus, CD=Cum Dividend, ED= ExDividend,CDIST = Cum Distribution, Ex DIST = Ex Distribution, CS= Cum Split, EXS=Ex Split, CD + SD = Cum Dividend + Special Dividend ED + SD = Ex Dividend + Special Dividend, N/Q = Not Quoted, CPP = Cum Private Placement, EX PP = Ex Private Placement, P / P = Partly Paid,CDS = CUM Dividend in Specie & ED S = EX Dividend in Specie. * Go Life International PCC & Rockcastle Global Real Estate Company Ltd : Price In ( USD) & Value Traded In ( Rs ) Mauritius Stationery Manufacturers Ltd Rights Traded from to

15 EQUITY BOARD Code Securities Nominal Closing Price Obs Volume Value Traded Closing Price Obs Volume Value Traded Closing Price Obs Volume Value Traded Closing Price Obs Volume Value Traded Closing Price Obs Volume Value Traded BANKS,INSURANCE & OTHER FINANCE QUOTATION OF SECURITIES ON THE OFFICIAL MARKET NOVEMBER N12 12N12 14N12 15N12 16N12 Value ( Rs ) ( Rs ) Traded ( Rs ) ( Rs ) Traded ( Rs ) ( Rs ) Traded ( Rs ) ( Rs ) Traded ( Rs ) ( Rs ) Traded ( Rs ) BBCL.N0000 Bramer Banking Corporation Ltd , , ,702 18, ,502 10, CIM.N0000 CIM Financial services Ltd ,305 3,207, ,400 1,947, ,023,458 5,431, , , ,576,735 24,257, MCB.N0000 The Mauritius Commercial Bank Ltd ,109 7,793, ,742 24,744, ,611 32,589, ,174 16,566, ,770 23,615, MEI.N0000 Mauritian Eagle Insurance Co. Ltd , , ,000 76, MUA.N0000 Mauritius Union Assurance Co. Ltd , , , , , SBM.N0000 State Bank of Mauritius Ltd , , ,100 3,240, ,355 6,022, , , , , SWAN.N0000 Swan Insurance Co. Ltd , , , , COMMERCE CMPL.N0000 Compagnie des Magasins Populaires Ltée , HML.N0000 Harel Mallac Ltd , HWF.N0000 Innodis Ltd , , , , , , IBL.N0000 Ireland Blyth , , ,159, ,246 9,900, , Ltd ,524 30,693, ,250 SHEL.N0000 Vivo Energy Mauritius Ltd , , , , INDUSTRY GCL.N0000 Gamma Civic Ltd , , GOLI.N0000 Go Life International PCC * ,000 1, MBL.N0000 Phoenix Beverages Ltd ,203 1,045, ,000 20,100, ,000 26,130, , MCFI.N0000 Mauritius Chemical & Fertilizer Industry Ltd , , MOR.N0000 Mauritius Oil Refineries Ltd ,400 93, ,500 69, , MSM.N0000 Mauritius Stationery Manufacturers Ltd ,100 16, MSM.R0001 Mauritius Stationery Manufacturers Ltd Rights * WITHDRAWN WITHDRAWN WITHDRAWN WITHDRAWN WITHDRAWN PIM.N0000 Plastic Industry (Mauritius) Ltd , , UBP.N0000 United Basalt Products Ltd , , ,840 2,807, , , , INVESTMENTS 14, , ALT.N0000 Alteo Ltd ,637 2,754, , , ,364 9,428, ,654 1,701, BMHL.N0000 Belle Mare Holding Ltd ,300 12, , CAUD.N0000 Caudan Development Ltd , , ,700 19, ,000 52, ,200 1, FINC.N0000 Fincorp Investment Ltd ,024 42, ,000 43, , , , , ,000 70, GIDC.N0000 ENL Commercial Ltd , , , , , MDIT.N0000 The Mauritius Development Investment Trust Ltd , , ,000 18, ,040 4, ,400 2,643, NIT.N0000 National Investment Trust Ltd , ,940 83, ,690 76, PAD.N0000 Promotion and Development Ltd , , , , POL.N0000 P. O. L. I. C. Y Ltd , , ,300 33, ,700 76, , , ROCK.N0000 Rockcastle Global Real Estate Company Ltd * , , ROGE.N0000 Rogers & Co. Ltd ,579 1,408, , , , , , , , TERA.N0000 Terra Mauricia Ltd , ,700 1,394, , , , , , , UTDL.N0000 United Docks Ltd ,400 91, , , , LEISURE & HOTELS 24,500 1,592, ASL.N0000 Automatic Systems Ltd ,881 12,904, ,000 65, NMHL.N0000 New Mauritius Hotels Ltd , , ,836 99, , , ,800 1,583, , , NRL.N0000 Lux Island Resorts Ltd , , ,500 38, ,500 69, , , , , SUN.N0000 Sun Resorts Ltd ,802 76, ,188 86, ,310 89, SUGAR , MTMD.N0000 Omnicane Ltd , , , , SAVA.N0000 ENL Land Ltd ,000 42, , , , ,000 41, SAVA.P0001 ENL Land Ltd ( Preference Shares ) , TRANSPORT 88, , AIRM.N0000 Air Mauritius Ltd ,880 80, , , , FOREIGN DCPL.N0000 Dale Capital Group Ltd , DEBT BOARD 9N12 12N12 14N12 15N12 16N12 GMTB Nominal Last Closing Volume Value Last Closing Volume Value Last Closing Volume Value Last Closing Volume Value Last Closing Volume Value Code Title of security Value (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) GOVT.A day GMTB ( ) 100, , , SUSPENDED SUSPENDED SUSPENDED Code Debentures Last Closing Last Closing Last Closing Last Closing Last Closing Nominal Volume Value Volume Value Volume Value Volume Value Volume Value Value (Rs) Traded Traded (Rs) Traded Traded (Rs) Traded Traded (Rs) Traded Traded (Rs) Traded Traded (Rs) Price( Rs ) Price( Rs ) Price( Rs ) Price( Rs ) Price( Rs ) NRL.D0701 Lux Island Resorts Ltd F / P Convertible Bond , , ,500 15, OMNI.D0501 Omnicane Ltd Notes 1,000, ,000, ,000, ,000, ,000, ,000, AUTHORISED MUTUAL FUND Obs : INDICATIVE Obs : INDICATIVE Obs : INDICATIVE Obs : INDICATIVE Obs : OFFICIAL Name ISSUE PRICE REDEMPTION PRICE ISSUE PRICE REDEMPTION PRICE ISSUE PRICE REDEMPTION PRICE ISSUE PRICE REDEMPTION PRICE ISSUE PRICE REDEMPTION PRICE NAV Date NAV Date NAV Date NAV Date NAV Date Rs N12 Rs N12 Rs N12 Rs N12 Rs N12 Ipro Growth Fund Ltd Ipro Growth Fund Ltd NAV Sep Sep Oct Oct Oct12 Rs Rs AFRICA SUSTAINABILITY FUND Class A Shares NOVARE AFRICA FUND PCC Nare Africa Property Fund ( 1 ) USD Sep12 USD Sep12 USD Oct12 USD Oct12 USD Oct12 USD Sep11 USD Sep11 USD Sep11 USD Sep11 USD Sep11 GLOBAL INVESTMENT OPPORTUNITIES FUND Kotak Indian Growth Fund ( Class A ) USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 Kotak Indian Mid Cap Fund ( Class C ) USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 Kotak Liquid Fund ( Class I ) USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 KOTAK INVESTMENT OPPORTUNITIES FUND LTD Kotak Indian Infrastructure & Realty Fund (Series 1) USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 Kotak Indian Infrastructure & Realty Fund (Series 2) USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 GLOBAL DIVERSIFIED FUND PCC Global Diversified Cell Number 1 GBP Sep12 GBP Sep12 GBP Sep12 GBP Oct12 GBP Oct12 IMARA PORTFOLIO SELECTOR PCC Imara Flame Lily Fund USD Sep12 USD Sep12 USD Oct12 USD Oct12 USD Oct12 THE FOUR ELEMENTS PCC The Meteor Property Fund GBP Sep12 GBP Sep12 GBP Sep12 GBP Oct12 GBP Oct12 JPT CAPITAL PCC JPT Capital Agrifund GBP Sep12 GBP Sep12 GBP Sep12 GBP Oct12 GBP Oct12 FIDELIS OPPORTUNITY FUND PCC Focus Cell 1 GBP 8, Sep12 GBP 8, Sep12 GBP 8, Sep12 GBP 8, Oct12 GBP 8, Oct12 ACM INDIA FOCUS FUND ACM INDIA FOCUS FUND USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 THESEUS PROPERTY FUND LTD Theseus Property Fund Ltd ACM AUSSIE LTD Redeemable Participating Shares ACM EUROPEAN LTD Redeemable Participating Shares MUR Oct12 MUR Oct12 MUR Oct12 MUR Oct12 MUR Oct12 AUD Oct12 AUD Oct12 AUD Oct12 AUD Oct12 AUD Oct12 EUR Oct12 EUR Oct12 EUR Oct12 EUR Oct12 EUR Oct12 LANCELOT GLOBAL PCC Commodities Partners International USD N12 USD N12 USD N12 USD N12 USD N12 USD N12 USD N12 USD N12 USD N12 USD N12 Commodities Partners (Africa) USD N12 USD N12 USD N12 USD N12 USD N12 Commodities Partners (Middle East) USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 Preferences Shares of KDC Fund TRIANGLE REAL ESTATE INDIA FUND LLC Class A shares USD Sep12 USD Sep12 USD Sep12 USD Oct12 USD Oct12 BONDS TC MAURITIUS HOLDINGS 6 % Convertible Bonds GBL 1 COMPANIES ISSUE PRICE : USD 100,000 EACH 03Jun11 03Jun11 03Jun11 03Jun11 03Jun11 ISSUE PRICE : USD 100,000 EACH ISSUE PRICE : USD 100,000 EACH ISSUE PRICE : USD 100,000 EACH ISSUE PRICE : USD 100,000 EACH Evisa Investments Ltd USD Sep12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 SEMDEX / VOLUME / VALUE 1, ,767,835 62,275, , ,030 38,413, , ,978 68,957, , ,834,356 71,970, , ,577,701 56,524, SEM SEMTRI ( In Rs Terms ) 5, , , , , SEMTRI ( In US $ Terms ) 2, , , , , CR=Cum Rights, ER=ExRights, CB=Cum Bonus, EB= ExBonus, CD=Cum Dividend, ED= ExDividend,CDIST = Cum Distribution, Ex DIST = Ex Distribution, CS= Cum Split, EXS=Ex Split, CD + SD = Cum Dividend + Special Dividend ED + SD = Ex Dividend + Special Dividend, N/Q = Not Quoted, CPP = Cum Private Placement, EX PP = Ex Private Placement, P / P = Partly Paid,CDS = CUM Dividend in Specie & ED S = EX Dividend in Specie. * Go Life International PCC & Rockcastle Global Real Estate Company Ltd : Price In ( USD) & Value Traded In ( Rs ) 13 Mauritius Stationery Manufacturers Ltd Rights Traded from to & Withdrawn

16 QUOTATION OF SECURITIES ON THE OFFICIAL MARKET NOVEMBER 2012 EQUITY BOARD 19N12 20N12 21N12 22N12 23N12 Code Securities Nominal Closing Price Obs Volume Value Traded Closing Price Obs Volume Value Traded Closing Price Obs Volume Value Traded Closing Price Obs Volume Value Traded Closing Price Obs Volume Value Traded Value ( Rs ) ( Rs ) Traded ( Rs ) ( Rs ) Traded ( Rs ) ( Rs ) Traded ( Rs ) ( Rs ) Traded ( Rs ) ( Rs ) Traded ( Rs ) BANKS,INSURANCE & OTHER FINANCE BBCL.N0000 Bramer Banking Corporation Ltd , , , , ,604 33, , CIM.N0000 CIM Financial services Ltd ,100 4,555, ,500 2,045, , , , , , , MCB.N0000 The Mauritius Commercial Bank Ltd , , ,500 12,717, ,707 37,374, ,500 4,779, ,590 10,651, MEI.N0000 Mauritian Eagle Insurance Co. Ltd , ,620 1,415, , MUA.N0000 Mauritius Union Assurance Co. Ltd , , , , CD 3, , ED , , SBM.N0000 State Bank of Mauritius Ltd , ,000 1,072, ,660 23,649, , , , SWAN.N0000 Swan Insurance Co. Ltd , ,515 1,145, , COMMERCE CMPL.N0000 Compagnie des Magasins Populaires Ltée HML.N0000 Harel Mallac Ltd HWF.N0000 Innodis Ltd , , , IBL.N0000 Ireland Blyth Ltd , , ,900 1,968, , , , , SHEL.N0000 Vivo Energy Mauritius Ltd , , INDUSTRY GCL.N0000 Gamma Civic Ltd , , GOLI.N0000 Go Life International PCC * ,000 19, MBL.N0000 Phoenix Beverages Ltd , , ,000 1,000, ,908 3,982, , , ,362 12,072, MCFI.N0000 Mauritius Chemical & Fertilizer Industry Ltd , , MOR.N0000 Mauritius Oil Refineries Ltd ,138 31, ,146 31, , MSM.N0000 Mauritius Stationery Manufacturers Ltd MSM.R0001 Mauritius Stationery Manufacturers Ltd Rights * WITHDRAWN WITHDRAWN WITHDRAWN WITHDRAWN WITHDRAWN PIM.N0000 Plastic Industry (Mauritius) Ltd , UBP.N0000 United Basalt Products Ltd , , ,209 1,604, , , INVESTMENTS ALT.N0000 Alteo Ltd , , , ,021 3,097, ,900 9,776, BMHL.N0000 Belle Mare Holding Ltd CAUD.N0000 Caudan Development Ltd ,018 62, ,132,251 1,210, ,000 2, ,000 2, FINC.N0000 Fincorp Investment Ltd , ,414 21, , , GIDC.N0000 ENL Commercial Ltd MDIT.N0000 The Mauritius Development Investment Trust Ltd , , ,300 1,223, ,900 13, ,000 56, NIT.N0000 National Investment Trust Ltd ,300 48, , , ,600 32, PAD.N0000 Promotion and Development Ltd ,700 95, POL.N0000 P. O. L. I. C. Y Ltd , , ,767 1,244, ,834 2,424, , , , , ROCK.N0000 Rockcastle Global Real Estate Company Ltd * ROGE.N0000 Rogers & Co. Ltd , , , , , , , TERA.N0000 Terra Mauricia Ltd ,700 4,586, ,930 73, ,800 5,737, UTDL.N0000 United Docks Ltd , , , , , , LEISURE & HOTELS ASL.N0000 Automatic Systems Ltd NMHL.N0000 New Mauritius Hotels Ltd ,000 2,034, ,485 3,051, , , ,687 93, NRL.N0000 Lux Island Resorts Ltd , , , , ,600 1,519, , SUN.N0000 Sun Resorts Ltd ,126 57, , , , ,100 56, SUGAR MTMD.N0000 Omnicane Ltd , , , , , SAVA.N0000 ENL Land Ltd , ,000 40, , , , , SAVA.P0001 ENL Land Ltd ( Preference Shares ) , , , ,000 42, TRANSPORT AIRM.N0000 Air Mauritius Ltd ,020 1,020, ,600 66, , FOREIGN DCPL.N0000 Dale Capital Group Ltd DEBT BOARD 19N12 20N12 21N12 22N12 23N12 GMTB Nominal Last Closing Volume Value Last Closing Volume Value Last Closing Volume Value Last Closing Volume Value Last Closing Volume Value Code Title of security Value (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) GOVT.A day GMTB ( ) 100,000 WITHDRAWN WITHDRAWN WITHDRAWN WITHDRAWN WITHDRAWN Code Debentures Last Closing Last Closing Last Closing Last Closing Last Closing Nominal Volume Value Volume Value Volume Value Volume Value Volume Value Price( Rs ) Price( Rs ) Price( Rs ) Price( Rs ) Price( Rs ) Value (Rs) Traded Traded (Rs) Traded Traded (Rs) Traded Traded (Rs) Traded Traded (Rs) Traded Traded (Rs) NRL.D0701 Lux Island Resorts Ltd F / P Convertible Bond OMNI.D0501 Omnicane Ltd Notes 1,000, ,000, ,000, ,000, ,000, ,000, AUTHORISED MUTUAL FUND Obs : INDICATIVE Obs : INDICATIVE Obs : INDICATIVE Obs : OFFICIAL Obs : INDICATIVE Name ISSUE PRICE REDEMPTION PRICE ISSUE PRICE REDEMPTION PRICE ISSUE PRICE REDEMPTION PRICE ISSUE PRICE REDEMPTION PRICE ISSUE PRICE REDEMPTION PRICE NAV Date NAV Date NAV Date NAV Date NAV Date Rs N12 Rs N12 Rs N12 Rs N12 Rs N12 Ipro Growth Fund Ltd Ipro Growth Fund Ltd NAV Oct Oct Oct Oct Oct12 AFRICA SUSTAINABILITY FUND Class A Shares NOVARE AFRICA FUND PCC Nare Africa Property Fund ( 1 ) USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Sep11 USD Sep11 USD Sep11 USD Sep11 USD Sep11 GLOBAL INVESTMENT OPPORTUNITIES FUND Kotak Indian Growth Fund ( Class A ) USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 Kotak Indian Mid Cap Fund ( Class C ) USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 Kotak Liquid Fund ( Class I ) USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 KOTAK INVESTMENT OPPORTUNITIES FUND LTD Kotak Indian Infrastructure & Realty Fund (Series 1) USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 Kotak Indian Infrastructure & Realty Fund (Series 2) USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 GLOBAL DIVERSIFIED FUND PCC Global Diversified Cell Number 1 GBP Oct12 GBP Oct12 GBP Oct12 GBP Oct12 GBP Oct12 IMARA PORTFOLIO SELECTOR PCC Imara Flame Lily Fund THE FOUR ELEMENTS PCC The Meteor Property Fund USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 GBP Oct12 GBP Oct12 GBP Oct12 GBP Oct12 GBP Oct12 JPT CAPITAL PCC JPT Capital Agrifund GBP Oct12 GBP Oct12 GBP Oct12 GBP Oct12 GBP Oct12 FIDELIS OPPORTUNITY FUND PCC Focus Cell 1 GBP 8, Oct12 GBP 8, Oct12 GBP 8, Oct12 GBP 8, Oct12 GBP 8, Oct12 ACM INDIA FOCUS FUND ACM INDIA FOCUS FUND USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 THESEUS PROPERTY FUND LTD Theseus Property Fund Ltd MUR Oct12 MUR Oct12 MUR Oct12 MUR Oct12 MUR Oct12 ACM AUSSIE LTD Redeemable Participating Shares ACM EUROPEAN LTD Redeemable Participating Shares AUD Oct12 AUD Oct12 AUD Oct12 AUD Oct12 AUD Oct12 EUR Oct12 EUR Oct12 EUR Oct12 EUR Oct12 EUR Oct12 LANCELOT GLOBAL PCC Commodities Partners International USD N12 12 USD N12 12 USD N12 12 USD N12 12 USD N12 12 Commodities Partners (Africa) USD N12 USD N12 USD N12 USD N12 USD N12 Commodities Partners (Middle East) USD N12 USD N12 USD N12 USD N12 USD N12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 Preferences Shares of KDC Fund TRIANGLE REAL ESTATE INDIA FUND LLC Class A shares USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 BONDS TC MAURITIUS HOLDINGS 6 % Convertible Bonds GBL 1 COMPANIES Evisa Investments Ltd 03Jun11 03Jun11 03Jun11 03Jun11 03Jun11 ISSUE PRICE : USD 100,000 EACH ISSUE PRICE : USD 100,000 EACH ISSUE PRICE : USD 100,000 EACH ISSUE PRICE : USD 100,000 EACH ISSUE PRICE : USD 100,000 EACH USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 SEMDEX / VOLUME / VALUE 1, ,059,987 9,907, , ,519,972 35,184, , ,518,364 78,408, , ,245 9,599, , ,099 40,906, SEM SEMTRI ( In Rs Terms ) 5, , , , , SEMTRI ( In US $ Terms ) 2, , , , , CR=Cum Rights, ER=ExRights, CB=Cum Bonus, EB= ExBonus, CD=Cum Dividend, ED= ExDividend,CDIST = Cum Distribution, Ex DIST = Ex Distribution, CS= Cum Split, EXS=Ex Split, CD + SD = Cum Dividend + Special Dividend ED + SD = Ex Dividend + Special Dividend, N/Q = Not Quoted, CPP = Cum Private Placement, EX PP = Ex Private Placement, P / P = Partly Paid,CDS = CUM Dividend in Specie & ED S = EX Dividend in Specie. * Go Life International PCC & Rockcastle Global Real Estate Company Ltd : Price In ( USD) & Value Traded In ( Rs ) 14 Mauritius Stationery Manufacturers Ltd Rights Traded from to & Withdrawn

17 EQUITY BOARD QUOTATION OF SECURITIES ON THE OFFICIAL MARKET NOVEMBER N12 27N12 28N12 29N12 30N12 Code Securities Nominal Closing Price Obs Volume Value Traded Closing Price Obs Volume Value Traded Closing Price Obs Volume Value Traded Closing Price Obs Volume Value Traded Closing Price Obs Volume Value Traded BANKS,INSURANCE & OTHER FINANCE Value ( Rs ) ( Rs ) Traded ( Rs ) ( Rs ) Traded ( Rs ) ( Rs ) Traded ( Rs ) ( Rs ) Traded ( Rs ) ( Rs ) Traded ( Rs ) BBCL.N0000 Bramer Banking Corporation Ltd , , , , , ,600 11, CIM.N0000 CIM Financial services Ltd ,832,556 20,695, , , ,200 60, ,000 1,040, ,185 2,976, MCB.N0000 The Mauritius Commercial Bank Ltd ,461 1,379, ,032 25,270, CD 13,000 2,119, ED 12,187 1,961, ,527 12,119, MEI.N0000 Mauritian Eagle Insurance Co. Ltd , MUA.N0000 Mauritius Union Assurance Co. Ltd , , , , SBM.N0000 State Bank of Mauritius Ltd , , , , ,400 4,428, ,438 2,177, ,975 3,330, SWAN.N0000 Swan Insurance Co. Ltd COMMERCE CMPL.N0000 Compagnie des Magasins Populaires Ltée , HML.N0000 Harel Mallac Ltd HWF.N0000 Innodis Ltd , IBL.N0000 Ireland Blyth Ltd , , , , CD ED 23,275 1,792, SHEL.N0000 Vivo Energy Mauritius Ltd CD , ED 7,007 1,135, INDUSTRY GCL.N0000 Gamma Civic Ltd , , GOLI.N0000 Go Life International PCC * , MBL.N0000 Phoenix Beverages Ltd , MCFI.N0000 Mauritius Chemical & Fertilizer Industry Ltd MOR.N0000 Mauritius Oil Refineries Ltd , , , , , , , MSM.N0000 Mauritius Stationery Manufacturers Ltd MSM.R0001 Mauritius Stationery Manufacturers Ltd Rights * WITHDRAWN WITHDRAWN WITHDRAWN WITHDRAWN WITHDRAWN PIM.N0000 Plastic Industry (Mauritius) Ltd , UBP.N0000 United Basalt Products Ltd , , , , , ,000 92, INVESTMENTS ALT.N0000 Alteo Ltd , , , , ,000 3,423, , , BMHL.N0000 Belle Mare Holding Ltd CD ED CAUD.N0000 Caudan Development Ltd ,000 1, FINC.N0000 Fincorp Investment Ltd , ,800 27, ,554 24, GIDC.N0000 ENL Commercial Ltd ,447 1,190, , , ,510 31, MDIT.N0000 The Mauritius Development Investment Trust Ltd , , ,000 1,143, ,000 4, ,900 1,003, NIT.N0000 National Investment Trust Ltd , , ,030 60, PAD.N0000 Promotion and Development Ltd , , POL.N0000 P. O. L. I. C. Y Ltd CD 30, , ED , , ,900 52, ,000 24, ROCK.N0000 Rockcastle Global Real Estate Company Ltd * ROGE.N0000 Rogers & Co. Ltd , , , , , ,195 2,127, TERA.N0000 Terra Mauricia Ltd , ,317 1,164, ,200 1,466, ,200 46, UTDL.N0000 United Docks Ltd , , LEISURE & HOTELS ASL.N0000 Automatic Systems Ltd CD ED , NMHL.N0000 New Mauritius Hotels Ltd , ,500 2,137, , , , , , NRL.N0000 Lux Island Resorts Ltd , , , , , ,052 30, , , SUN.N0000 Sun Resorts Ltd ,800 48, , , , , , , SUGAR MTMD.N0000 Omnicane Ltd , , , , SAVA.N0000 ENL Land Ltd , , , , , , SAVA.P0001 ENL Land Ltd ( Preference Shares ) TRANSPORT AIRM.N0000 Air Mauritius Ltd ,000 10, ,300 54, FOREIGN DCPL.N0000 Dale Capital Group Ltd DEBT BOARD 26N12 27N12 28N12 29N12 30N12 GMTB Nominal Last Closing Volume Value Last Closing Volume Value Last Closing Volume Value Last Closing Volume Value Last Closing Volume Value Code Title of security Value (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) GOVT.A day GMTB ( ) 100,000 WITHDRAWN WITHDRAWN WITHDRAWN WITHDRAWN WITHDRAWN Code Debentures Nominal Last Closing Volume Value Last Closing Volume Value Last Closing Volume Value Last Closing Volume Value Last Closing Volume Value Value (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) Price( Rs ) Traded Traded (Rs) NRL.D0701 Lux Island Resorts Ltd F / P Convertible Bond OMNI.D0501 Omnicane Ltd Notes 1,000, ,000, ,000, ,000, ,000, ,000, AUTHORISED MUTUAL FUND Obs : INDICATIVE Obs : INDICATIVE Obs : INDICATIVE Obs : OFFICIAL Obs : INDICATIVE Name ISSUE PRICE REDEMPTION PRICE ISSUE PRICE REDEMPTION PRICE ISSUE PRICE REDEMPTION PRICE ISSUE PRICE REDEMPTION PRICE ISSUE PRICE REDEMPTION PRICE NAV Date NAV Date NAV Date NAV Date NAV Date Rs N12 Rs N12 Rs N12 Rs N12 Rs N12 Ipro Growth Fund Ltd Ipro Growth Fund Ltd NAV Oct Oct Oct Oct Oct12 AFRICA SUSTAINABILITY FUND Class A Shares NOVARE AFRICA FUND PCC Nare Africa Property Fund ( 1 ) USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Sep11 USD Sep11 USD Sep11 USD Sep11 USD Sep11 GLOBAL INVESTMENT OPPORTUNITIES FUND Kotak Indian Growth Fund ( Class A ) USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 Kotak Indian Mid Cap Fund ( Class C ) USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 Kotak Liquid Fund ( Class I ) USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 KOTAK INVESTMENT OPPORTUNITIES FUND LTD Kotak Indian Infrastructure & Realty Fund (Series 1) USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 Kotak Indian Infrastructure & Realty Fund (Series 2) USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 GLOBAL DIVERSIFIED FUND PCC Global Diversified Cell Number 1 GBP Oct12 GBP Oct12 GBP Oct12 GBP Oct12 GBP Oct12 IMARA PORTFOLIO SELECTOR PCC Imara Flame Lily Fund USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 THE FOUR ELEMENTS PCC The Meteor Property Fund GBP Oct12 GBP Oct12 GBP Oct12 GBP Oct12 GBP Oct12 JPT CAPITAL PCC JPT Capital Agrifund GBP Oct12 GBP Oct12 GBP Oct12 GBP Oct12 GBP Oct12 FIDELIS OPPORTUNITY FUND PCC Focus Cell 1 GBP 8, Oct12 GBP 8, Oct12 GBP 8, Oct12 GBP 8, Oct12 GBP 8, Oct12 ACM INDIA FOCUS FUND ACM INDIA FOCUS FUND USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 THESEUS PROPERTY FUND LTD Theseus Property Fund Ltd MUR Oct12 MUR Oct12 MUR Oct12 MUR Oct12 MUR Oct12 ACM AUSSIE LTD Redeemable Participating Shares AUD Oct12 AUD Oct12 AUD Oct12 AUD Oct12 AUD Oct12 ACM EUROPEAN LTD Redeemable Participating Shares EUR Oct12 EUR Oct12 EUR Oct12 EUR Oct12 EUR Oct12 LANCELOT GLOBAL PCC Commodities Partners International USD N12 USD N12 USD N12 USD N12 USD N12 Commodities Partners (Africa) USD N12 USD N12 USD N12 USD N12 USD N12 Commodities Partners (Middle East) USD N12 USD N12 USD N12 USD N12 USD N12 Preferences Shares of KDC Fund USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 TRIANGLE REAL ESTATE INDIA FUND LLC Class A shares USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 BONDS TC MAURITIUS HOLDINGS 6 % Convertible Bonds ISSUE PRICE : USD 100,000 EACH 03Jun11 ISSUE PRICE : USD 100,000 EACH 03Jun11 ISSUE PRICE : USD 100,000 EACH 03Jun11 ISSUE PRICE : USD 100,000 EACH 03Jun11 ISSUE PRICE : USD 100,000 EACH 03Jun11 GBL 1 COMPANIES Evisa Investments Ltd USD Oct12 USD Oct12 USD Oct12 USD Oct12 USD Oct12 SEMDEX / VOLUME / VALUE 1, ,987,606 25,859, , ,463 37,064, , ,545 12,619, , ,577 8,992, , ,002,172 25,932, SEM SEMTRI ( In Rs Terms ) 5, , , , , SEMTRI ( In US $ Terms ) 2, , , , , CR=Cum Rights, ER=ExRights, CB=Cum Bonus, EB= ExBonus, CD=Cum Dividend, ED= ExDividend,CDIST = Cum Distribution, Ex DIST = Ex Distribution, CS= Cum Split, EXS=Ex Split, CD + SD = Cum Dividend + Special Dividend ED + SD = Ex Dividend + Special Dividend, N/Q = Not Quoted, CPP = Cum Private Placement, EX PP = Ex Private Placement, P / P = Partly Paid,CDS = CUM Dividend in Specie & ED S = EX Dividend in Specie. * Go Life International PCC & Rockcastle Global Real Estate Company Ltd : Price In ( USD) & Value Traded In ( Rs ) 15 Mauritius Stationery Manufacturers Ltd Rights Traded from to & Withdrawn

18 Code EQUITY BOARD Security ID BANKS & INSURANCE AND OTHER FINANCE Date High Date Low (Rs) (Rs) BBCL.N000 Bramer Banking Corporation Ltd 09 May Aug CIM.N0000 CIM Financial Services Ltd 30 Oct MCB.N0000 The Mauritius Commercial Bank Ltd Aug MEI.N0000 Mauritian Eagle Insurance Co. Ltd Jun MUA.N0000 Mauritius Union Assurance Co. Ltd Dec SBM.N0000 State Bank of Mauritius Ltd Mar SWAN.N0000 Swan Insurance Co. Ltd 29 Jun Jan COMMERCE CMPL.N0000 Compagnie des Magasins Populaires Ltée Sep HML.N0000 Harel Mallac Ltd HWF.N0000 Innodis Ltd Dec IBL.N0000 Ireland Blyth Ltd 20 Jan Apr SHEL.N0000 Vivo Energy Mauritius Ltd 25 Jun Feb INDUSTRY GCL.N0000 Gamma Civic Ltd GOLI.N0000 Go Life International PCC (USD) MBL.N0000 Phoenix Beverages Ltd 18 Jan MCFI.N0000 Mauritius Chemical & Fertilizer Industry Ltd Sep MOR.N0000 Mauritius Oil Refineries Ltd 03 Oct Jul MSM.N0000 Mauritius Stationery Manufacturers Ltd 16 Dec Sep PIM.N0000 Plastic Industry (Mtius) Ltd Sep UBP.N0000 United Basalt Products Ltd INVESTMENTS ALT.N0000 Alteo Ltd* 31 Jul Oct BMHL.N0000 Belle Mare Holding Ltd Aug CAUD.N0000 Caudan Development Ltd FINC.N0000 Fincorp Investment Ltd GIDC.N0000 ENL Commercial Ltd Jun MDIT.N0000 The Mauritius Development Investment Trust Co. Ltd 29 Dec NITL.N0000 National Investment Trust Ltd 02 Dec PAD.N0000 Promotion and Development Ltd 05 Jan Oct POL.N0000 P. O. L. I. C. Y Ltd** ROCK.N0000 Rockcastle Global Real Estate Company Ltd (USD) 23 Aug Jun ROGE.N0000 Rogers & Co. Ltd TERA.N0000 Terra Mauricia Ltd 29 Mar Oct UTDL.N0000 United Docks Ltd LEISURE & HOTELS ASL.N0000 Automatic Systems Ltd Aug NMHL.N0000 New Mauritius Hotels Ltd 28 Dec Oct NRL.N0000 Lux Island Resorts Ltd SUN.N0000 Sun Resorts Ltd SUGAR MTMD.N0000 Omnicane Limited 10 Jul SAVA.N0000 ENL Land Ltd (Ordinary) Mar SAVA.P0001 ENL Land Ltd (Preference) Mar TRANSPORT AIRM.N0000 Air Mauritius Ltd Sep FOREIGN DCPL.N0000 Dale Capital Group Ltd *Alteo Ltd Listed on 31st July 2012 **POLICY Ltd Bonus Issue in the ratio of 1 share for every 3 held. (Ex date : 29th August 2012) 16

19 2225 SEMDEX TREND: NOVEMBER 2011 TO NOVEMBER SEMDEX Dec Dec Dec Jan Jan Feb Feb 12 9 Mar Mar 12 6 Apr Apr 12 4 May May 12 1 Jun Jun Jun Jul Jul Aug Aug 12 7 Sep Sep 12 5 Oct Oct SEMDEX & SEM SEMDEX SEM SEMDEX SEM SEMTRI RS 5,220 SEMTRI RS & SEMTRI US $ 5,200 5,180 5,160 5,140 5,120 5,100 5,080 5,060 5,040 5,020 3,000 2,950 2,900 2,850 2,800 2,750 2,700 2,650 2,600 2,550 2, SEMTRI US $ SEMTRI In Rs SEMTRI In US $ 100 VALUE & VOLUME TRADED 14,000 DED (Rs Million) VALUE TRAD ,000 10,000 8,000 6,000 4,000 2,000 (THOUSAND) VOLUME Value Volume 17