Released on = March 3, 2006, 2:59 am

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Press Release Summary = Poonam Gupta appointed Vice President - Business Development
of National Multi Commodity Exchange of India

Press Release Body = Bangalore, February 27, 2006: National Multi Commodity Exchange
of India (NMCE), India\'s leading multi-commodity exchange today announced the
appointment of Poonam Gupta as Vice President, Business Development. In her new
role, Poonam would be responsible for expanding the reach of online commodity
trading and establishing NMCE's leadership position. Poonam led the NMCE delegation
at the FIA Asia Conference on Commodities held in China besides being invited as a
guest speaker at many conferences & seminars to speak on commodity futures trading.
A visiting faculty at various management institutes, she guides students of IIM (A)
with their summer internship programs.

Announcing the appointment, Kailash Gupta, Managing Director, NMCE,said, "Over the
past few years has been continually exposed to the various facets of commodity
trading and she has contributed significantly to NMCE's growth since inception. Am
sure this rich experience will stand her in good stead and will help in her new
role."

Commenting on her new role, Poonam Gupta said, "With the online commodity market in
India growing exponentially, it is exciting times to be playing this role at NMCE, a
leading player in the space. Our strategy will be to increase awareness on online
commodity trading and its advantages".

NMCE is India\'s first national multi-commodity exchange to fulfill the requisites of
full automation, transparency, de-mutualised ownership, guaranteed clearing and
settlement and connectivity to all entities. NMCE has been promoted by central
warehousing corporation (CWC) along with national agricultural co-operative
marketing federation of India (NAFED), Gujarat Agro Industries Corporation (GAIC),
National Institute of Agricultural Marketing (NIAM), Gujarat State Agricultural
Marketing Board (GSAMB), Punjab National Bank (PNB) and Neptune Overseas Ltd. (NOL).



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