Freedom Holding Corp. Annual report pursuant to Section 13 and 15(d)

5. EARNINGS PER SHARE INFORMATION

12 Months Ended

Mar. 31, 2014

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

	Year ended
	March 31, 2014	March 31, 2013

Net loss	$ (1,571,749)	$ (3,088,865)

Basic weighted-average common shares outstanding	55,787,554	55,787,554

Basic loss per common share	$ (0.03)	$ (0.06)

As of March 31, 2014 and 2013, there were no options, warrants, or restricted stock grants outstanding.

The entire disclosure for earnings per share.