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DPF India Opportunities Fund Announces Issuer Bid

TORONTO, ONTARIO -- (Marketwired) -- 12/18/13 -- 1832 Asset Management L.P. ("1832 L.P."), the manager of DPF India Opportunities Fund (TSX: DPF.UN) (the "Fund"), announces a normal course issuer bid. In accordance with the terms of its initial public offering, the Fund intends to purchase, through the facilities of the Toronto Stock Exchange ("TSX"), up to 1,743,063 trust units of the Fund (the "Trust Units") representing approximately 10% of the public float. As of December 5, 2013 the public float of the Fund was 17,430,631 Trust Units and the issued and outstanding number of Trust Units was 20,278,047.

The Trust Units may be purchased for cancellation commencing on December 20, 2013 through to December 19, 2014 through the facilities of the TSX or alternate Canadian trading platforms and may be purchased when the net asset value per Trust Unit exceeds its trading price. Pursuant to TSX policies, the Fund will not purchase during any 30 day period more than 405,561 Trust Units representing 2% of the 20,278,047 Trust Units outstanding as at December 5, 2013. A Notice of Intention to Make a Normal Course Issuer Bid has been accepted by the TSX effective as of December 18, 2013.

The purpose of the normal course issuer bid is to provide the Fund with a mechanism to decrease the potential spread between the net asset value per Trust Unit and the market price of the Trust Units. As of December 5, 2013, the Fund has purchased an aggregate of 130,800 Trust Units at a weighted average price of $3.693 through the facilities of the TSX under the previous normal course issuer bid which came into effect on December 20, 2012 and will expire on December 19, 2013.

The Fund is a TSX-listed closed-end investment trust, seeks to enhance the value of the Trust Units offered primarily through capital appreciation driven by an actively managed, diversified investment portfolio. As of December 5, 2013 the net asset value was $3.68 per Trust Unit and the closing trading price was $3.43 per Trust Unit (representing a discount of 6.79% when measured against the net asset value per Trust Unit).

About 1832 L.P.

1832 Asset Management L.P. offers a range of wealth management solutions, including mutual funds, investment solutions for private clients, institutional clients and managed asset programs. 1832 Asset Management L.P. is a limited partnership, the general partner of which is wholly owned by Scotiabank.

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