SKS Microfinance Limited will open on July 28, 2010, a public issue of 16,791,579 equity shares of Rs. 10 each for cash at a price per equity share (including a share premium) (the “Issue”) consisting of a fresh issue of 7,445,323 equity shares and an offer for sale of 9,346,256 equity shares (“Offer for Sale”) by Sequoia Capital India II LLC, SKS Mutual Benefit Trust – Narayankhed, SKS Mutual Benefit Trust -Jogipet, SKS Mutual Benefit Trust – Medak, SKS Mutual Benefit Trust – Sadasivapet, SKS Mutual Benefit Trust – Sangareddy, Kismet Microfinance and Mauritius Unitus Corporation (the “Selling Shareholders”).

SKS Microfinance Limited is the largest MFI in India in terms of total value of loans outstanding, number of borrowers (“members”) and number of branches, according to the October 2009 CRISIL report titled India Top 50 Microfinance Institutions.

The Fresh Issue and the Offer for Sale (jointly referred to herein as the “Issue”) will constitute 21.6% of the fully diluted post issue paid-up capital of the Company. The Issue will close on July 30, 2010 for QIBs and on August 2, 2010 for applicants in the Retail and Non-Institutional categories. The Company may consider participation by Anchor Investors.

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