ABB India Limited — Capital/Financing Update 2020

Mar 9, 2020

REF:INABB:STATUTLODR:REGU 30:

March 9, 2020

BSE Limited P.J. Towers Dalai Street Mumbai 400 001

National Stock Exchange of India Limited Exchange Plaza, 5th floor Plot No. C/1, G Block Bandra-Kurla Complex, Bandra (E) Mumbai 400 051

Attn: Listing Dept.

Dear Sir,

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Sub: Ref Disclosure of information as per Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) BSE - 500002 / NSE .- ABB

In continuation to our communications dated July 9, 2019 and February 12, 2020 with regard to Company's proposal to sell Solar Inverter Business, please take note that in the meeting of the Board of Directors held today i.e. March 9, 2020, the Board has approved the proposal to sell Company's Solar Inverter Business as a going concern on slump sale basis to a wholly owned Indian Subsidiary of Italian Company, FIMER S.p.A viz, "Marici Solar India Private Limited" (the Buyer), for value of Rs.100.6 Crore and on such terms and conditions as contained in the Business Transfer Agreement (BTA) to be executed in due This Business Transfer will be effective April 1, 2020. a course.

For the Financial Year, 2019 the Solar Inverter Business which is approximately 9% of the total turnover of the Company. had a turnover of Rs.664 Crore

We request you to take this on record.

For ABB India Limited.,

/;f,e,J

-uv8J8ul'uraj General Counsel & Company Secretary FCS-2631

Phone: +91 80 2294 9150 .- 54 Fax : +91 80 2294 9148