Allcargo Logistics Ltd — Capital/Financing Update 2023

Jun 9, 2023

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June 09, 2023

To, Listing Compliance and Legal Regulatory BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001 BSE Scrip Code: 532749	To, Listing and Compliance National Stock Exchange of India Limited Exchange Plaza, C-1, Block G Bandra Kurla Complex, Bandra (East), Mumbai – 400 051 NSE Symbol: ALLCARGO

Dear Sir/Madam,

Sub : Submission of Press Release on Acquisition of Equity Shares of Gati-Kintetsu Express Private Limited (“GKEPL”) by the Allcargo Logistics Limited (“the Company”)

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are enclosing herewith the Press Release titled “Allcargo Logistics completes acquisition of 30% stake from KWE in Gati subsidiary”

The same is also made available on the website of the Company i.e. www.allcargologistics.com.

Thanking you,

Yours faithfully

For Allcargo Logistics Limited DEVANAND Digitally signed by DEVANAND PARSHOTTAM PARSHOTTAM MOJIDRA Date: 2023.06.09 11:17:58 +05'30' MOJIDRA Devanand Mojidra Company Secretary & Compliance Office

Encl: a/a

ALLCARGO LOGISTICS LIMITED

Allcargo House, 6th Floor, CST Road, Kalina, Santacruz (E), Mumbai - 400 098. Maharashtra. India. T: +91 22 6679 8110 | www.allcargologistics.com | CIN: L63010MH2004PLC073508 | GSTN: 27AACCA2894D1ZS

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Allcargo Logistics completes acquisition of 30% stake from KWE in Gati subsidiary

Mumbai, 09 June, 2023: Allcargo Logistics limited, a part of The Allcargo Group and a global leader in multimodal logistics solutions, has completed acquisition of 1.50 lakh shares, or 30 percent stake, in Gati‐Kintetsu Express (GKEPL) for Rs 406.71 crore. Allcargo’s subsidiary, Gati already holds 70% stake in GKEPL, which is a leading express logistics player in India, with presence in Surface express distribution, Air express distribution and Supply chain management solutions. The deal includes purchasing 1.3 lakh shares (26 percent) from KWE‐Kintetsu World Express (S) and 20,000 shares (4 percent) from KWE Kintetsu Express India. With the conclusion of this transaction, Allcargo, along with Gati, now holds 100% stakes in GKEPL and assumes complete control. The consummation of this transaction is along the line of the SPA signed between the parties earlier in March 2023.

In addition to this, the company had earlier bought out minority stake of its partner in the contract logistics business under Allcargo Supply Chain.

Allcargo’s Contract logistics business is engaged in managing inventories and providing third party supply chain solutions to marquee Indian and international customers across chemical, auto, e‐ commerce and other industries.

These acquisitions are in line with the company’s strategy to sharpen the focus on high growth opportunities in express and contract logistics business in India. This move will also facilitate simplification of the corporate structure. Allcargo is well positioned to derive synergies from contract logistics and express distribution.

Commenting on the development, Shashi Kiran Shetty, Founder & Chairman, Allcargo Group said, "It has been a fruitful association with KWE. The Share Purchase will offer Allcargo Logistics, along with its subsidiary Gati, full ownership and control and facilitate strategic decision‐making in the company. This will help us enhance service delivery capabilities to make further progress and usher in the next phase of growth. Going forward, we expect a stronger synergy between contract logistics and express distribution to further strengthen group’s position in the domestic logistics space.”

Yasuyuki Tani, Regional Managing Director, Southeast Asia and Oceania Region, KWE said, "KWE as a group and more specifically KWE India shared excellent relationship with Gati and Gati‐Kintetsu over the past 10 years. This relationship will now be more strategic partnerships in domestic logistics operations in India. As a international freight forwarder, will continue to engage with Allcargo Group in various areas and explore new opportunities as it may present in the future in India and overseas."

ABOUT ALLCARGO LOGISTICS LTD.

Allcargo Logistics Limited, part of the Allcargo Group, is a global leader in multimodal logistics solutions. It’s wholly owned subsidiary Allcargo Belgium NV., Operating ECU Worldwide network, is a global market leader in ocean freight consolidation. Allcargo is among the leaders in express logistics through subsidiary Gati Ltd., besides having strong presence in Contract Logistics and other businesses. Allcargo is recognised for digitising logistics industry, setting highest quality standards, operational excellence, and customer centricity across all businesses. The company is recognized as a great place to work.

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The company currently operates out of 300 plus offices serving 180 countries. Allcargo today is one of India's largest publicly owned logistics companies, listed on the BSE Limited (Scrip Code‐ 532749) and The National Stock Exchange of India Limited (Scrip Code‐ALLCARGO).

For further information, contact : Pooja Singh pooja.singh@allcargologistics.com