BRIGHTCOM GROUP LIMITED — Capital/Financing Update 2021

Feb 15, 2021

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February 15, 2021

BSE Limited

P. J. Towers, 25[th] Floor, Dalal Street, MUMBAI – 400001. Scrip Code: 532368

National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai-400051. Symbol: BCG

Dear Madam/Sir,

Sub: Update on Axis Bank dues Settlement.

In response to the calls and messages received regarding settlement of the loan with Axis Bank (“the Bank”), we would like to clarify to the shareholders through you.

After seeking informal buy-in from the local bank officials we sent an official completion proposal dated 12/2/2021 to the Bank, for final decided and accepted settlement figure of the legacy loan mentioning the time table of proposed completion.

Although this has been informally agreed upon by the authorities, on a formal note and for official completion purposes, the Bank has forwarded the same to their competitive/regulatory authorities and is awaiting their approval as well to close the loan.

Please find the attached email from the bank official.

Once the approval is received from the authorities, we will close the same and inform the shareholders.

This update to the Shareholders is issued in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

This is for your information only.

Yours faithfully,

For BRIGHTCOM GROUP LIMITED

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Manohar Mollama

Company Secretary & Compliance Officer ACS - 39254

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