IPOs/recent issues: Rediff Communication –

Mumbai, India

Went public 6/14/2000 at $12 apiece

Filing Range: 4.6 mil. shares @ $10 to $12

Shares Outsanding: 24.9 mil. shares

Underwriters: Goldman, Sachs & Co./Credit Suisse First

Boston/Robert Fleming

Holdings PLC

Company Counsel: Wilson Sonsini Goodrich & Rosati

Manager Counsel: Sullivan & Cromwell

Auditor: Deloitte Haskins & Sells

The Company:

Provides news, information, entertainment and e-commerce services via the Internet.

Financing Rounds:

Number of Round Amt.

Round # Round Date Stage Investors( $ thousands)

1 04/21/1998 1 Early Stage 980.0

2 06/01/1999 2 Early Stage 3630.0

Venture Backers:

E.M. Warburg, Pincus & Co. LLC.

Financials:

(Data in $ millions)

Y/E

03/31/00

Total Revenues: $1.9

Net Loss: -6.66