DISCLAIMER

“Aakash Educational Services Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares and has filed a Draft Red Herring Prospectus “DRHP” with the Securities and Exchange Board of India “SEBI”. The DRHP is available on the websites of the SEBI, the BSE Limited and the National Stock Exchange of India Limited at www.sebi.gov.in, www.bseindia.com and www.nseindia.com, respectively, and the respective websites of the Book Running Lead Managers at http://www.investmentbank.kotak.com/offer-documents/ , http://www.online.citibank.co.in/rhtm/citigroupglobalscreen1.html and www.india.clsa.com Investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the Red Herring Prospectus/Prospectus which may be filed with the Registrar of Companies, National Capital Territory of Delhi and Haryana, located at New Delhi, in future including the section titled “Risk Factors”. Potential investors should not rely on the Draft Red Herring Prospectus filed with the SEBI in making any investment decision.”

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