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Alliance between Collins Stewart Hawkpoint and ICICI Securities to promote joint access to each others' core markets

04 August 2011

Collins Stewart Hawkpoint plc, the leading independent financial advisory group based in the UK and ICICI Securities Ltd, the investment banking subsidiary of ICICI Bank, India's largest private sector bank, are pleased to announce a broad alliance to co-operate with each other in growing their business franchises.

The alliance covers a wide range of investment banking activities, including corporate advisory services, research ledagency securities trading and capital markets advice.

The opportunities to be explored jointly will include advisory services on mergers and acquisitions, privateequity transactions, debt advisory services and other corporate finance advice. In addition, the alliance will cover introductions of Indian companies to the London securities markets; the distribution into the UK and Europe of offerings and placings of Indian or dual listed securities; and the joint publication and distributioninto the UK and Europe of research on over 100 Indian listed companies and the facilitation of secondarytrading, through ICICI Securities, of securities of Indian listed companies.

Mark Brown, Chief Executive of Collins Stewart Hawkpoint, commented:

'India presents Collins Stewart Hawkpoint with a wide range of opportunitiesin corporate advisory activities and capital markets and this arrangement plays to the strengths of our investment banking activities. We are particularly pleased to be working with ICICI Securities, one of the major first class Indian banking and financial institutions.'

Commenting on the alliance, Anup Bagchi, Managing Director & Chief Executive Officer of ICICI Securities said:

'Over the years, corporate clients have been seeking opportunities to enhance their presence in theUK and Europe to gain access to their technologies and markets. At the same time, investors are keen to participate in Indian investments both primary as well as secondary. ICICI Securities corporate clients as well as institutional investor clients will benefit immensely from the partnership with Collins Stewart Hawkpoint.'

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