Aurum PropTech Limited — M&A Activity 2019

Aug 2, 2019

Date: August 2, 2019

Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Fort Bandra East Mumbai-400 001. Mumbai – 400 051. BSE Script Code: 539289 NSE Symbol: MAJESCO

Dear Sir/ Madam,

Sub: Intimation to acquire remaining 10% issued share capital (“Securities”) of Exaxe Holdings Limited, Ireland, by Majesco, USA, subsidiary of the Company

In continuation to our earlier letter dated November 28, 2018, regarding intimation of execution of Material Definitive Agreement to acquire shares of Exaxe Holdings Limited, Ireland, by Majesco, USA, subsidiary of the Company, we hereby inform you that on August 1, 2019, Majesco, USA has acquired remaining 10% Securities of Exaxe Holdings Limited, Ireland, for a consideration of Euro 0.72 Million, as per agreed terms of Share Purchase Agreement dated November 27, 2018.

Accordingly, Exaxe Holdings Limited, Ireland has become a wholly-owned direct subsidiary of Majesco, USA and step-down subsidiary of the Company.

You are requested to take the same on record.

Thanking you.

Yours faithfully, For Majesco Limited

VARIKA RASTOGI Digitally signed by VARIKA RASTOGI DN: c=IN, o=Personal, postalCode=400705, st=Maharashtra, 2.5.4.20=59b6357da87a74c088cd1fbce5fcbe59a211a8c869a0bf71ed3694c206643a93, serialNumber=a9dfde58ff2746b54e338d27a95b35bc5fb567b393673c246f41d6ce2d3bcb62, cn=VARIKA RASTOGI Date: 2019.08.02 11:02:49 +05'30' Varika Rastogi Company Secretary

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CIN: L72300MH2013PLC244874