BLACK BOX LIMITED — M&A Activity 2019

Apr 11, 2019

AGC Networi<s Limited

Corporate Relationship Dei)'a'rt~Ptl1works.com National Stock Exchange Limited Exchange Plaza, Bandra Kurla Complex, Bandra East, Mumbai - 400051 Corporate Relationship Department Bombay Stock Exchange Limited P.J. Towers, Dalal Street, Fort, Mumbai - 400001 AGC/SD/SE/2019/44 Equinox Business Park Tower 1, Off BKC LBS Marg, Kurla (Westl Mumbai 400 070 India T +91226661 7272 April 11, 2019

Subject: Intimation under Regulation 30(2} of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations") - Acquisition

Ref.: Scrip code BSE: 500463/NSE: AGCNET

Dear Sir/Madam,

In accordance with the provisions of Regulation 30(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we wish to inform you that AGC Networks Pte. Limited,(" AGC Singapore"), Wholly-owned Subsidiary of the Company & AGC Networks Inc. ("AGC US"), Wholly-owned Subsidiary of AGC Singapore, have jointly entered into a Stock Purchase Agreement with COPC Holdings Inc. ("Target Company") and Global Quality Assurance Limited ("Seller") on April 9, 2019 in USA to acquire 100% stake in the Target Company for a purchase consideration of US\$ 5,500,000 (US Dollars Five Million Five Hundred Thousand Only).

The said acqulsltlon is anticipated to be completed by April 30, 2019.

Further, in terms of SEBI Circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015 the requisite details of the forgoing acquisition in the prescribed format is attached herewith as "Annexure A".

This is for your information, record and necessary action.

Thanking You, For AGC Networks Limited

Annexure I

Details which a listed entity needs to disclose for the events that are deemed to be material as specified in Para A of Part A of Schedule Ill of Listing Regulations:

I. Acquisition(s) (including agreement to acquire), Scheme of Arrangement (amalgamation/ merger/ demerger/restructuring), or sale or disposal of any unit(s), division(s) or subsidiary of the listed entity or any other restructuring:

1.1. Acquisition (including agreement to acquire):

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