Involved in the raising of Rs. 38,33,141 lakhs in the form of capital through 15 public issues which represents about 73% share of the total funds raised through IPOs/FPOs in fiscal 2008.

Mumbai April 20, 2008: ICICI Securities Limited (?ICICI Securities? or the ?Company?), a wholly owned subsidiary of ICICI Bank Limited  (NYSE: IBN) and one of the leading Investment Bank in the country has topped the Prime Database Investment Bankers Equity League Table for capital raised through IPOs/ FPOs in fiscal 2008.

ICICI Securities is a SEBI registered Merchant Banker and Stock Broker, headquartered in Mumbai and having a presence in various cities across India. Its operations primarily encompasses retail and institutional broking, distribution of credit, investment, protection and various financial products and it is an active player in equity capital markets and advisory services.

ICICI Securities was involved in the raising of about Rs. 38,33,141 lakhs in the form of capital by various companies through 15 public issues during fiscal 2008. This represents about 73% share of the total funds raised through IPOs/FPOs in fiscal 2008. (Source: Prime Database as on April 2, 2008)    

Mr. S. Mukherji, Managing Director and CEO, ICICI Securities, said, ?We are delighted to be acknowledged as India?s leading investment bank by the Prime Database Investment Bankers Equity League Table for fiscal 2008. ICICI Securities has been active in Indian capital markets having been involved in many book - built public equity issuances. We have sought to establish a position as the leading underwriter of Indian equity offerings by leveraging our distribution capabilities and execution skills.?

Through its retail broking and distribution business, ICICI Securities has a large customer account base of 1.5 million as well as a pan-India distribution network with over 300 centres across 285 locations and 950 sub-brokers. It is one of the top institutional brokers in India enjoying excellent relationships with over 250 institutions. It thus offers access to a wide range of Indian corporations by leveraging its network. Since inception, ICICI Securities has handled over 425 Capital Market transactions delivering superior issue execution consistently. Today, its products and services include Initial Public Offerings (IPOs), Rights Offerings, Convertible Offerings, Private Placement and International offerings.

ICICI Securities? institutional equities business offers equity broking services in the cash and derivatives segments to institutional clients both in India and abroad. The derivatives desk offers services from set-up to trading strategy and is supported by a strong research team, which tracks various sectors of the Indian economy.

ICICI Securities has presence in the retail segment through its two pioneering brands - ICICIdirect.com and ICICIdirect. ICICIdirect.com is a comprehensive website, which allows investors to invest in Shares (including in IPOs), mutual funds, derivatives (futures and options), IPO and other financial products. It has been awarded the ?Most Preferred Brand of Financial Advisory Services? by the CNBC Awaaz Consumer Awards 2007 and the Best Broker Award from Web 18 and Outlook Money-NDTV Profit in October 2007.

Disclaimer

?ICICI Securities Limited is proposing subject to receipt of requisite approvals, market conditions and other considerations, a public issue of its equity shares and file a Draft Red Herring Prospectus with SEBI?