Agenda & Schedule of Events

Sixth Annual Depositary Receipt Issuers’ Conference Indian Sub-Continent (DRIC-ISC)

November 10-13, 2011

Sheraton Udaipur Palace Resort

Rajasthan, India

3

DRIC Partners

4

Thursday, November 10th

7:30 pm Conference Delegate Registration and Welcome Dinner Reception, Fateh Sagar Lawn

Friday, November 11th

7:00 am Breakfast at Leisure, Feast Restaurant

9:00 am - 1:30 pm Conference Session, Fateh Sagar Ballroom

1:30 pm Delegate Group Photograph

1:45 pm Lunch Buffet, Antara Restaurant

2:30 pm Conference Session Resumes, Fateh Sagar Ballroom (concludes approx. 3:45 pm)

4:00 pm Chaat Time with DRIC Delegates & Guests, Aangan Terrace Lobby Level

6:30 pm Depart for Offsite Rajasthani Gala Event - Meet in Lobby Udaipur Palace Sound & Light Show - Dinner and Traditional Performances to Follow

Saturday, November 12th

7:00 am Breakfast at leisure, Feast Restaurant

9:00 am - 2:00 pm Conference Session, Fateh Sagar Ballroom

2:00 pm Lunch Buffet, Antara Restaurant

3:00 pm Depart for Optional Offsite Excursion - Meet in Lobby Udaipur City Tour

7:30 pm Ghazal Theme Closing Dinner & Entertainment, Poolside Lawn

Sunday, November 13th

7:00 am Breakfast at leisure, Feast Restaurant

12:00 noon Check-out and Departure

Schedule of Events

All conference events are informal. Business casual attire is appropriate.obal Capital Markets

5

Friday, November 11th

9:00 am Welcome to Udaipur, Setting the Stage for the 6th Annual DRIC ISC and DR Overview

Michael Cole-Fontayn, Chairman, EMEA, CEO, Depositary Receipts, BNY Mellon

9:30 am Keynote Presentation Global Economic Outlook and the Impact on Asia

Justin Wood, Director, South-East Asia, The Economist Corporate Network

10:15 am

Panel I

The Outlook for Capital Flows to India

There is no end in sight for the ongoing turmoil in the global economy. In fact, there is now a real apprehension that this global pain will be around for quite some time to come. India’s economy too is facing steep challenges on several fronts. In such a scenario, what is the future outlook on capital flows to India?

Moderator: Nikhil Vora, Managing Director & Co-Head of Research, IDFC Securities Discussion Lead: Soumya Kanti Ghosh, Ph.D., Director & Head – Economics & Research, FICCI

Panelists:Tushar Pradhan, Chief Investment Officer, HSBC Asset Management (India) Praneet Singh, Managing Director, Siguler Guff India AdvisersBrinda Jagirdar, Ph.D., GM & Head, Economic Research Department, State Bank of India Hubert Grignon Dumoulin, Member of Executive Committee, Luxembourg Stock Exchange

11:15 am Coffee Break

11:45 am Trends and Innovations in Emerging Markets

Amrita Chowdhury, Associate Director, Harvard Business School Research Center

12:30 pmPanel II

Two Decades of Economic Reforms and Liberalization in India

The year 2011 marks two decades of economic reforms and liberalization in India, which have changed the face of the country forever. What have been the hits and the misses during this exciting journey of 20 years, espe-cially in areas such as the capital market, the overall financial sector, and in infrastructure development? What are the future challenges and the way ahead?

Moderator: Tony Munroe, India Financial Editor, Reuters Discussion Lead: Navneet Singh, Country Executive - India, BNY Mellon

Panelists: Ramesh Swaminathan, President, Finance & Planning, LupinVeena Mishra, Ph.D., Chief Economist, Mahindra & Mahindra Ritu Rana, Managing Director, BNY Mellon Global Corporate Trust

1:30 pm Luncheon/Group Photograph

Conference Agenda

6

2:30 pmPanel III

Viewpoints from the 7th Annual Global Trends in Investor Relations Survey

Corporates in India are increasingly paying a lot of attention to Investor Relations and are treating this as an integral part of their overall strategy. Where does India stand, vis-à-vis the best practices in IR that many of the top global companies have adopted? What are the areas in which India needs to catch up? A broad overview and a presentation of the findings of the 7th Annual Global IR Survey that BNY Mellon Depositary Receipts recently conducted.

Moderator: A S Bali, Head of Investor Relations, Asia, Essar Group Discussion Lead: Herston Powers, Global Investor Relations Advisory Group, BNY Mellon

Panelists:Jill Deviprasad, Head of Investor Relations, Biocon GroupManu Anand, President, IR Society of IndiaRobinder Singh, Head of Investor Relations, Reliance IndustriesBarbara Georg, Head of Listing & Issuer Services, Deutsche Börse

3:15 pm The Fund Manager’s Perspective

Abhijit Sarkar, Fund Manager, Hamon Investment Group

3:45 pm End of Day One Session

Saturday, November 12th

9:00 am Opening Remarks

Michael Finck, Managing Director, BNY Mellon Depositary Receipts

9:15 am Keynote PresentationInsights on Shared India-U.S. Interests and How the Two Countries are Collaborating to Stimulate Mutual Commerce

Ron Somers, President, U.S. India Business Council

10:15 am Panel IV

Should Indian PSUs Consider ADR/GDR Programs at the Time of Share Sale through Disinvestment?

For the last several years, India has embarked on an ambitious program of partial divestment of the govern-ment’s stake in many of the country’s public sector enterprises. This crucial program has largely looked to the domestic market so far and, by and large, such divestments have been carried out through public offerings in India. Is it time now to look beyond the shores and list such public sector enterprises on overseas exchanges, by offering part of the share sale in the form of ADR or GDR programs?

Moderator: Gregory Roath, Head of Asia Pacific, BNY Mellon Depositary Receipts Discussion Lead: Sidhartha Pradhan, Additional Secretary, Department of Disinvestment Ministry of Finance, India

Panelists: Isabelle Dubé-Côté, International Listings, NYSE Euronext Prabal Banerji, Chief Financial Officer, Adani PowerRam Singh, Director (Finance), Engineers India Limited (EIL)

Conference Agenda

7

Saturday, November 12th

11:00 am Coffee Break

11:30 am Corporate Case Study: Beximco Group, Bangladesh A Trend Setter in Bangladesh

Nazmul Hassan, Managing Director, Beximco Pharmaceuticals

12:00 pmPanel V

Corporate Governance Discussion

SEBI have of late announced several definitive and welcome steps to improve the level of corporate governance in Indian companies. Such steps include setting a minimum level of public participation in all listed compa-nies, allowing voting rights to DR holders, takeover norms for companies, transparency relating to shareholder identity, etc. This panel will discuss the details of such regulatory interventions, and the implications that these hold for corporates in India.

Moderator: Shameek Chaudhuri, Partner, AZB & Partners Discussion Lead: Shriram Subramanian, Founder & MD, InGovern Research Services

Panelists:Edward Bradley, Partner, Clifford Chance Bhavna Agnihotri, Attorney, Carter, Ledyard & Milburn Sanjiv Bhasin, General Manager & Chief Executive Officer, DBS Bank Pradeep Parakh, Group President (GRC) & Company Secretary, Bajaj Hindusthan

12:45 pm XBRL Implementation in India

A timely discussion as the XBRL reporting mandate draws nearer on the requirements for Indian issuer compli-ance and tools available to facilitate the transition.

Matthew Olmsted, Director of Sales, RR Donnelley Roman Financial Raatha Ganesh, E-Solutions Project Lead, RR Donnelley Roman Financial

1:30 pm Closing Keynote Presentation : Indian Capital Market Reforms (TBC)

Dr. Thomas Mathew, Joint Secretary (Capital Markets), Dept. of Economic Affairs, Ministry of Finance

2:00 pm DRIC ISC in Summary & Closing Comments

Gregory Roath, Head of Asia Pacific, BNY Mellon Depositary Receipts

2:15 pm End of Day Two Session

Conference Agenda