Dividend in Tata Equity Opportunities Fund (record date March 23, 2012)

Pursuant to payment of the dividend, the NAV of the scheme would fall to the extent of the payout and statutory levy (if applicable). All investors in the dividend option of the fund as on the closure of business hours on the record date will be eligible for dividend. Dividend distribution is subject to availability and adequacy of distributable surplus.

Board of Trustees reserves the right to restrict the quantum of dividend upto the per unit distributable surplus available on the record date in case of fall in the market.