Freedom Holding Corp. Quarterly report pursuant to Section 13 or 15(d)

8. EARNINGS PER SHARE INFORMATION (Tables)

6 Months Ended

Sep. 30, 2012

The calculation of the basic earnings per share is based on the following data:

	Three months ended						Six months ended
	September 30, 2012			September 30, 2011			September 30, 2012			September 30, 2011

Net loss from continuing operations	$	(1,034,768	)	$	(18,967,113	)	$	(1,785,082	)	$	(23,295,946	)
Net income from discontinued operations		—			(123,902,102	)		—			(115,248,057	)
Basic weighted-average common shares outstanding		55,787,554			55,787,554			55,787,554			55,787,554
Basic loss per common share from continuing operations	$	(0.02	)	$	(0.34	)	$	(0.03	)	$	(0.42	)
Basic income per common share from discontinued operations	$	—		$	(2.22	)	$	—		$	(2.07	)
Total basic income per common share	$	(0.02	)	$	(2.56	)	$	(0.03	)	$	(2.48	)

Tabular disclosure of the effect of income (loss) on basic earnings per share.