Excel Funds Management Inc. Refiles Financials Statement for Excel Funds Mauritius Company Ltd.

TORONTO, ONTARIO--(Marketwired - May 5, 2016) - Excel Funds Management Inc. ("Excel Funds"), the fund manager of Excel Funds Mauritius Company Ltd. (formerly Excel India Growth and Income Company Ltd.) (the "Fund"), announced today that it has refiled the Fund's financial statements for the period from March 27, 2015 (date of incorporation) to September 30, 2015 (the "Financial Statements").

The refiled Financial Statements replace the original version of the Financial Statements filed on December 24, 2015, which were audited by a firm that is not registered with the Canadian Public Accountability Board. They are available on SEDAR at www.sedar.com and on the Excel Funds' website at www.excelfunds.com.

About Excel Funds Management Inc.

Founded in 1998, Excel Funds Management Inc. offers an award-winning suite of emerging market strategies, catering to a broad range of investor profiles and objectives. a global network of over 500 portfolio managers and 200 research analysts, our team has firsthand knowledge of the markets in which they invest - providing us with a true competitive advantage over our peers.

Our investment philosophy is grounded in disciplined fundamental research and continuously seeks out new growth opportunities in the emerging markets and beyond. Our on-the-ground sub-advisers and proprietary asset allocation models contribute to the firm being recognized as "The Authority in Emerging Markets".