Investment in India
Recent developments have initiated a shift in our focus, from the P-note product set to domestic registered investments. A new suite of structured products will shortly be available. We are still actively raising funds for GDR and FCCB issues, and we see this business blossoming well over the next 3-5 years.

We are in the process of unwinding P-Note and EMTN porfolios in excess of USD 500mm, with a view to re-establishing our presence using domestically listed securities. Our FII licence is pending, as is our FDI structure. All these developments are set to come to fruition during Q2 2008, by which time we plan to have access to both domestic listed investments as well as private equity.

Investors will have the opportunity to invest in a range of focused India funds during Q2 2008. Please contact us on funds@hythegroup.com if you would like to be added to the investor list for these products.