Excel Funds Management Inc.

Excel Funds Management Inc.
Excel India Trust
TSX : EXI.UN

Excel India Trust

January 03, 2008 17:07 ET

Excel India Trust (TSX:EXI.UN) Announces Quarterly Distribution of $0.125 Per Unit

TORONTO, ONTARIO--(Marketwire - Jan. 3, 2008) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES.

Excel Funds Management Inc. ("Excel Funds") is pleased to announce the quarterly distribution of $0.125 per unit for Excel India Trust (the "Trust") (TSX:EXI.UN). The distribution will be paid on January 15, 2008 to unitholders of record on December 31, 2007. Ex-distribution trading of the units on Toronto Stock Exchange is expected to commence on January 4, 2007.

The Trust has been designed to provide investors with exposure to an actively managed portfolio consisting of equity securities of Indian companies. This exposure is achieved through a fund-on-fund structure designed to minimize Indian withholding taxes on capital gains and avoid certain investment restrictions that would otherwise apply to foreign investors investing in India.

Units of the Trust trade on the Toronto Stock Exchange under the symbol EXI.UN.

Founded in 1998, Excel Funds is a specialized fund management company that focuses exclusively on investment opportunities in emerging markets. Excel Funds also manages the Excel India Fund, Excel China Fund, Excel Chindia Fund, Excel Income and Growth Fund, Excel Money Market Fund and the Excel Emerging Europe Fund recently launched in early December 2007.

This news release contains forward-looking statements that involve risks and uncertainties. These statements reflect Excel's current expectations, but are subject to a number of risks and uncertainties. Due to the many risks and uncertainties, Excel cannot assure that the forward-looking statements contained in this news release will be realized.

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