Blue Star Ltd — Major Shareholding Notification 2019

Aug 6, 2019

Mitsubishi UFJ Financial Group 7-1, Marunouchi 2-chome, Chiyoda-ku, Tokyo 100-8330, Japan Tel.03-3240-8111 www.mufg.jp

$6^th$ August, 2019

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai-400 001 India

National Stock Exchange of India Ltd Exchange Plaza Plot no. C/1, G Block Bandra-Kurla Complex Bandra (E) Mumbai - 400 051 India

Blue Star Limited Kasturi Buildings Mohan T Advani Chowk, Jamshedji Tata Road, Mumbai - 400 020, India

Dear Sir/Madam,

Re: Disclosure under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for acquisition of interest in Blue Star Limited

Mitsubishi UFJ Financial Group, Inc. ("MUFG") has acquired an indirect interest in Blue Star Limited on account of acquisition of the following entities: First State Investments International Limited, First State Investment Management (UK) Limited, First State Investments (Singapore) on August 2, 2019. These entities directly hold shares in Blue Star Limited.

The thresholds for disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 are met and currently, MUFG has an aggregated interest in Blue Star Limited of 5.18% ordinary share capital, as on August 2, 2019, which is the date of acquisition. This is based upon a total of 4,985,305 shares held and a total of 96,313,888 voting rights on issue.

Please see enclosed the formal disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 as per the specified format.

Kindly note and take the above on record.

Thank you.

Yours Faithfully

Repynets $\bigcirc$ otrivion

Tetsuya Shigemoto Managing Director Head of Equity Portfolio Management Department Mitsubishi UFJ Financial Group, Inc.

Disclosures under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Part-A- Details of the Acquisition

Name of the Target Company (TC)	BLUE STAR LIMITED
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer	Acquirer: Mitsubishi UFJ Financial Group (MUFG) PACs: First State Investments International Limited First State Investment Management (UK) Limited 2. First State Investments (Singapore) 3.
Whether the acquirer belongs to Promoter/Promoter group	No
Name(s) of the Stock Exchange(s) where the shares of TC are Listed	BSE Limited National Stock Exchange of India Limited

Details of the acquisition as follows	Number	% w.r.t. total share/voting capital wherever $applicable(*)$	% w.r.t. total diluted share/voting capital of the $TC$ (**)
Before the acquisition under consideration, holding of acquirer along with PACs of:
a) Shares carrying voting rights	Nil	N.A.	N.A.
b) Shares in the nature of encumbrance (pledge/lien/non-disposal undertaking/ others)	Nil	N.A.	N.A.
c) Voting rights (VR) otherwise than by equity shares	Nil	N.A.	N.A.
d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category)	Nil	N.A.	N.A.

e) Total $(a+b+c+d)$	Nil	N.A.	N.A
Details of acquisition
a) Shares carrying voting rights acquired	4,985,305	5.18%	5.18%
b) VRs acquired otherwise than by equity shares	Nil	N.A.	N.A.
c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) acquired	Nil	N.A.	N.A.
d) Shares in the nature of encumbrance (pledge/lien/non-disposal undertaking/ others)	Nil	N.A.	N.A.
e) Total $(a+b+c+d)$	4,985,305	5.18%	5.18%
After the acquisition, holding of acquirer along with PACs of:
a) Shares carrying voting rights	4,985,305	5.18%	5.18%
b) VRs otherwise than by equity shares	Nil	N.A.	N.A.
c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the TC (specify holding in each category) after acquisition	Nil	N.A.	N.A.
d) Shares in the nature of encumbrance (pledge/lien/non-disposal undertaking/ others)	Nil	N.A.	N.A.
e) Total $(a+b+c+d)$	4,985,305	5.18%	5.18%

Mode of acquisition (e.g. open market / public issue /	Indirect acquisition of shares in the TC on
rights issue / preferential allotment / inter-se	I account of acquisition by MUFG of
	entities holding shares in the TC.
transfer/encumbrance, etc.)

$\alpha$

Salient features of the securities acquired including	N.A.
time till redemption, ratio at which it can be converted
into equity shares, etc.
Date of acquisition of/ date of receipt of intimation of	2 nd August 2019
allotment of shares / VR/ warrants/convertible
securities/any other instrument that entitles the
acquirer to receive shares in the TC.
Equity share capital / total voting capital of the TC	96,313,888
before the said acquisition
Equity share capital/ total voting capital of the TC	96,313,888
after the said acquisition
Total diluted share/voting capital of the TC after the	96,313,888
said acquisition