[] [DEPOSIT AGREEMENT DEPOSIT AGREEMENT W I T N E S S E T H T H A T: WHEREAS WHEREAS WHEREAS WHEREAS WHEREAS, NOW, THEREFORE ARTICLE I DEFINITIONS All capitalized terms used, but not otherwise defined, herein shall have the meanings set forth below, unless otherwise clearly indicated: ADS Record Date Section 1.1 “ 1 Affiliate Section 1.2 “ Section] [Our Ref RDS\658613\4263621v1 Direct tel +852 2971 3046 Email richard.spooner@maplesandcalder.com Noah Holdings Limited 6th Floor, Times Finance Center No. 68 Middle Yincheng Road Pudong, Shanghai 200120 People’s Republic of China 5 January, 2011 Dear Sirs Noah Holdings Limited (the “Company”) Registration Statement” Shares Plans As Cayman Islands counsel to the Company, we have examined the corporate authorisations of the Company] [CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We consent to the incorporation by reference in this Registration Statement on Form S-8 of our report dated July 26, 2010, relating to the financial statements and financial statement schedule of Noah Holdings Limited as of and for each of the three years in the period ended December 31, 2009, appearing in Registration]

[PART I INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS STYLE="font-family:Times New Roman" SIZE="2"> Item1. Plan Information* Item2. * Information required by Part I to bentained in the Section10(a) prospectus is omitted from this registration statement in accordance with Rule 428 under the Securities Act and the Note to Part I of Form S-8. The documentsntaining] [DEPOSITREEMENT STYLE="font-family:Times New Roman" SIZE="2"> by and among NOAHS LIMITED STYLE="font-family:Times New Roman" SIZE="2">AND CITIBANK, Depositary, AND THE HOLDERS AND BENEFICIAL OWNERS OF AMERICAN DEPOSITARY SHARES ISSUED HEREUNDERted of November 9, 2010 DEPOSITREEMENT DEPOSITREEMENT W I T N E S S E T HT H A T:] [OurRef RDS\658613\4263621v1 Directtel +852 2971 3046 Email richard.spooner@maplesandcalder.com Noahs Limited 6th Floor, Times Finance Center No.68 Middle Yincheng Road Pudong, Shanghai 200120 Peoples Republic of China STYLE="font-family:Times New Roman" SIZE="2">5January, 2011 Dear Sirs Noahs Limited (thempany) STYLE="font-family:Times New Roman" SIZE="2"> Registration Statement Shares Plansyman Islandsunsel to thempany, we have examined therporate authorisations of thempany innnection] [STYLE="font-family:Times New Roman" SIZE="2">CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Wensent to theorporation by reference in this Registration Statement on Form S-8 of our reportted July26, 2010, relating to the financial statements and financial statementhedule of Noahs Limited of and for each of the three years in the period ended December31, 2009, appearing in Registration]