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

5. EARNINGS PER SHARE INFORMATION

3 Months Ended

Jun. 30, 2013

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

		Three months ended
	June 30, 2013		June 30, 2012

Net loss	$	(543,337)	$	(750,314)

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

Basic loss per common share	$	(0.01)	$	(0.01)

As of June 30, 2013 and 2012, there were no options, warrants, or restricted stock grants outstanding.

The entire disclosure for earnings per share.