Aegis Logistics Ltd. — Capital/Financing Update 2022

May 20, 2022

==> picture [70 x 55] intentionally omitted <==

20 May, 2022

To, The Secretary, Capital Market Operations Market Operations Department, The National Stock Exchange of India Ltd. The BSE Ltd. Exchange Plaza, 5th Fl., Plot No.C/1, Phiroze Jeejeebhoy Towers, G Block, Bandra-Kurla Complex, Dalal Street, Fort, Bandra (E), Mumbai – 400 023. Mumbai – 400 051. Scrip Code: 500003 Scrip Code: AEGISCHEM

Sub: Update - Intimation pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulation”)

Ref: Intimation letter dated 1 December, 2021.

Dear Sir,

This bears reference to our earlier intimation dated 1 December, 2021 about having entered into a Business Transfer Agreement dated 30[th] November 2021 (“ BTA ”) between Aegis Logistics Limited (“ Company ”) and Aegis Vopak Terminals Limited (formerly known as Aegis LPG Logistics (Pipavav) Limited) (“ AVTL ”) wherein the Company had agreed to transfer the liquid storage unit of the Company located at Dakshina Kannada, Mangalore (“ Mangalore Undertaking ”) by way of a slump sale, as a ‘going concern’ to AVTL.

With respect to the above, we further inform you that Aegis and AVTL have entered into an agreement to amend the BTA (“ BTA Amendment Agreement ”) on 20 May, 2022. The BTA Amendment Agreement amends certain terms of the BTA, including the price, which has been amended from INR 120 Crores (Rupees One Hundred and Twenty Crores only) to INR 150 Crores (Rupees One Hundred and Fifty Crores only), which continues to be subject to the customary adjustments as provided in the BTA. The BTA is now expected to be completed by 31 May 2022 or such other date as may be mutually agreed between the Company and AVTL.

This disclosure is being made pursuant to Para A of Part A of Schedule III as provided in Regulation 30 of the Securities and Exchange Board of India (Listing Obligation & Disclosure Requirements) Regulations, 2015. You are requested to take note of the same.

For Aegis Logistics Limited

==> picture [116 x 44] intentionally omitted <==

Monica T. Gandhi

Company Secretary

==> picture [441 x 48] intentionally omitted <==