Circular No : NCDEX/RISK-038/2012/256                Date: July 18, 2012

Trading and Clearing members are hereby informed that in terms of Bye-laws, Rules and Regulations of the Exchange, Special Margin of 20% (in cash) on the Long side will be imposed on all running contracts and yet to be launched contracts in Cotton Seed Oil Cake (SYMBOL: COCUDAKL) with effect from beginning of day Saturday, July 21, 2012.

Members and their respective clients are requested to note the above.

For and on behalf of

National Commodity & Derivatives Exchange Limited

Jayant Nalawade

EVP – Exchange Operations

For further information / clarifications, please contact

1. Customer Service Group on phone: 022 6640 6613 -15, 011 2334 4795

2. Customer Service Group by e-mail to : askus@ncdex.com