Fund I   Corpus : US$ 117 mn Vintage : 2008 Focus : Income-Yielding Assets Status : Exited         Number of Investments : 6 No. of Divestments : 6 Fund II   Corpus : US$ 112 mn Vintage : December 2009 Focus : Income-Yielding Assets Status : Exited         Number of Investments : 4 No. of Divestments : 4

IIML and Milestone began their partnership in 2007 with the objective of investing in high-quality income generating commercial assets spread across the Tier I cities of India through funds raised from the Indian retail investors. On one hand, while Milestone sought to leverage IIML’s value as a globally recognized, seasoned real estate investor with extensive fund management and fiduciary experience, on the other, IIML sought to leverage Milestone’s real estate operating capabilities. Together, both IIML and Milestone aimed to take advantage of the maturing Indian real estate sector and institutionalize the highly fragmented market for acquiring existing, income producing commercial properties

All the investments under IL&FS Milestone Funds have been divested and the proceeds distributed to the investors. Gross returns generated from Fund I and Fund II at 8% and 11% respectively