Datamatics Global Services Limited — Capital/Financing Update 2020

Jan 22, 2020

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Datamatics Global Services Limited Regd. Office: Knowledge Centre, Plot 58, Street No. 17, MIDC, Andheri (East), Mumbai - 400 093. INDIA Tel.: +91 (22) 6102 0000/1/2 | Fax: +91 (22) 2834 3669 CIN: L72200MH1987PLC045205 www.datamatics.com

Press Release For Immediate Release

Cignex Datamatics and Relevance Lab deal not approved by DGSL shareholders; revised terms in discussions

Mumbai, Jan 22, 2020: Datamatics Global Services Ltd. (DGSL), a global IT & BPM company, on December 12 2019, had announced to strategically divest its stake in Cignex Datamatics Inc. to Relevance Lab, a Singapore headquartered IT Services Company, through a share-swap arrangement.

DGSL has today shared that the deal to divest stake in one of its subsidiaries, Cignex Datamatics Inc., could not be completed as shareholders did not approve the proposed resolution. The parties are reworking on the revised structure and commercial terms, as a result of which the current Share Purchase Agreement is likely to undergo a substantial change.

Speaking on the occasion, Rahul Kanodia, CEO, DGSL said; “We are working together on revised terms, and are confident that it will be beneficial for our company and its shareholders”.

Cignex Datamatics Inc is a US-headquartered IT Services firm offering, Open Source, Cloud, and Automation services.

About Datamatics Global Services Limited

Datamatics ( BSE: 532528 | NSE: DATAMATICS ) provides Intelligent Solutions for data-driven businesses to increase productivity and enhance the customer experience. The company’s portfolio of service offerings spans across Information Technology Services, Business Process Management, Engineering Services, and Big Data & Analytics, all powered by Artificial Intelligence. It has established products in Robotics Process Automation, Advanced Analytics, Business Intelligence, and Automated Fare Collection. Datamatics services over 500 customers globally across Banking & Financial Services, Insurance, Healthcare, Manufacturing, International Organizations, and Media & Publishing. Headquartered in Mumbai, the Company has presence across four continents with major delivery centers in the USA, India, and Philippines with an employee base of over 10,000. To know more about Datamatics, visit www.datamatics.com

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Datamatics Global Services Limited Regd. Office: Knowledge Centre, Plot 58, Street No. 17, MIDC, Andheri (East), Mumbai - 400 093. INDIA Tel.: +91 (22) 6102 0000/1/2 | Fax: +91 (22) 2834 3669 CIN: L72200MH1987PLC045205 www.datamatics.com

Safe Harbour

Some of the statements in this update that are not historical facts are forward-looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions, and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry.

For media queries, please contact:

Sudeshna Mukherjee Manager– Marketing & Corporate Communications sudeshna.mukherjee@datamatics.com +91-7738574137

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