Ms. Caroline Grimont reports

EXCEL INDIA GROWTH & INCOME FUND (TSX: EGI.UN) ANNOUNCES MONTHLY DISTRIBUTION

Excel Funds Management Inc. has declared a monthly distribution for Excel India Growth & Income Fund of four cents per unit (with an annualized distribution of 48 cents), for the month ending Feb. 29, 2016. The above distribution will be paid on March 15, 2016, to unitholders on record as at Feb. 29, 2016. The fund has a current yield of 4.7 per cent as at Jan. 29, 2016.

We seek Safe Harbor.