Cipla Ltd. — Major Shareholding Notification 2019

Nov 13, 2019

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

13th November, 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

Cipla Limited

Cipla House, Peninsula Business Park, Parel. Ganpatrao Kadam Marg, Lower Mumbai - 400 013, India

Dear Sir/Madam,

Re: Disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for sale of interest in Cipla Limited

Mitsubishi UFJ Financial Group, Inc. ("MUFG") has sold an indirect interest in Cipla Limited on account of sale of the following entities: First State Investment Management (UK) Limited, First Sentier Investors (Australia) IM Limited (Former: Colonial First State Asset Management (Australia) Limited), First State Investments International Limited, Mitsubishi UFJ Trust and Banking Corporation and Mitsubishi UFJ Kokusai Asset Management Co., Ltd on November 11, 2019. These entities directly hold shares in Cipla Limited.

The thresholds for disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 are met and currently, MUFG has an aggregated interest in Cipla Limited of 5.56% ordinary share capital, as on November 11, 2019, which is

the date of sale. This is based upon a total of 44,792,062 shares held and a total of 806,106,730 voting rights on issue.

Please see enclosed the formal disclosure under Regulation 29(2) 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

R. Sakuma

Riyuuichirou Sakuma Managing Director Deputy Head of Credit Policy & Planning Division Mitsubishi UFJ Financial Group, Inc.

Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Name of the Target Company (TC)	CIPLA LIMITED
Name(s) of the acquirer and PersonsActing in Concert (PAC) with theacquirer	Acquirer:Mitsubishi UFJ Financial Group (MUFG)PAC:First Sentier Investors (Australia) IM Limited1.(Former: Colonial First State Asset Management)(Australia) Limited)First State Investment Management (UK) Limited2.First State Investments International Limited3.Mitsubishi UFJ Trust and Banking Corporation4.Mitsubishi UFJ Kokusai Asset Management Co., Ltd5.
Whether the acquirer belongs toPromoter/Promoter group	No
Name(s) of the Stock Exchange(s)where the shares of TC are Listed	BSE LimitedNational Stock Exchange of India Limited

Details of the acquisition / disposal asfollows	Number	% w.r.t. totalshare/votingcapitalwherever$applicable(*)$	$%$ w.r.t. totaldilutedshare/votingcapital of the$TC$ (**)
Before the acquisition under consideration,holding of:
a) Shares carrying voting rights	61,579,231	7.64%	7.64%
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	Nil	N.A.	N.A.

shares
d) Warrants/convertible securities/any otherinstrument that entitles the acquirer to receiveshares carrying voting rights in the TC(specify holding in each category)	Nil	N.A.	N.A.
$e)$ Total (a+b+c+d)	61,579,231	7.64%	7.64%
Details of acquisition / sale
a) Shares carrying voting rights acquired/sold	16,787,169	2.08%	2.08%
b) VRs acquired /sold otherwise than byshares	Nil	N.A.	N.A.
c) Warrants/convertible securities/any otherinstrument that entitles the acquirer to receiveshares carrying voting rights in the TC(specify holding in each category)acquired/sold	Nil	N.A.	N.A.
d) Shares encumbered / invoked / released bythe acquirer	Nil	N.A.	N.A.
$e)$ Total (a+b+c+d)	16,787,169	2.08%	2.08%
After the acquisition/sale, holding of:
a) Shares carrying voting rights	44,792,062	5.56%	5.56%
b) Shares encumbered with the acquirer	Nil	N.A.	N.A.
c) VRs otherwise than by shares	Nil	N.A.	N.A.
d) Warrants/convertible securities/any otherinstrument that entitles the acquirer to receiveshares carrying voting rights in the TC(specify holding in each category) afteracquisition	Nil	N.A.	N.A.
e) Total $(a+b+c+d)$	44,792,062	5.56%	5.56%

Mode of acquisition / sale (e.g. open market /off-	Indirect sale of shares in the TC on
market / public issue / rights issue / preferential	account of sale by MUFG of entities
allotment / inter-se transfer etc.)	holding shares in the TC.
Date of acquisition / sale of shares / VR or date of	11 th November 2019
receipt of intimation of allotment of shares, whichever
is applicable
Equity share capital / total voting capital of the TC	805,828,425
before the said acquisition / sale
Equity share capital/ total voting capital of the TC	806,106,730
after the said acquisition / sale
Total diluted share/voting capital of the TC after the	806,106,730
said acquisition

(*) Total share capital/voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Clause 35 of the listing Agreement.

(**) Diluted share/voting capital means the total number of shares in the TC assuming full conversion of the outstanding convertible securities/warrants into equity shares of the TC.

R. Saterma

Signature of the acquirer / seller / Authorised Signatory

Riyuuichirou Sakuma Managing Director Deputy Head of Credit Policy & Planning Division Mitsubishi UFJ Financial Group, Inc.

Place: 2-7-1, Marunouchi, Chiyoda-ku, Tokyo 100-8330, Japan

Date: 13th November 2019

R. S.