MUMBAI, India — Rediff.com India Limited (Nasdaq: REDF), one of the leading worldwide online providers of news, information, communication, entertainment and shopping services for Indians, announced the appointment of Rashesh C. Shah as an Independent Director to its Board. Mr. Shah has also been appointed as a member of the Audit Committee.

Mr. Shah is currently CEO of Edelweiss Capital Limited. He also serves on the Boards of several Edelweiss subsidiaries and other companies. Edelweiss Capital is a leading financial services company based in Mumbai, India, whose businesses include investment banking, securities broking and investment management.

Mr. Ajit Balakrishnan, Chairman of the Board at Rediff.com India Limited said, “I am delighted to welcome Rashesh to the Board. He joins us with extensive experience and strong financial skills generated from his career in the financial services industry. His expertise will be of great benefit to the Board.”

Mr. Shah is an MBA graduate from the Indian Institute of Management, Ahmedabad, and holds a Bachelor’s degree in Science from the University of Bombay. He is also a Diploma holder in International Trade from the Indian Institute of Foreign Trade, New Delhi.