DIGISPICE TECHNOLOGIES LIMITED — Capital/Financing Update 2021

Jun 1, 2021

Date: June 1, 2021

BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 517214

National Stock Exchange of India Limited

Exchange Plaza, Plot No. C/1, G Block Bandra - Kurla Complex, Bandra (E) Mumbai - 400 051 Scrip Code: DIGISPICE

Sub.: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

This is to inform you that Digispice Ghana Limited, (hereinafter referred to as Digispice Ghana), a stepdown subsidiary of the Company, in order to meet the requirement of 30% Ghanaian Ownership for grant of VAS Licence as required under the applicable laws of that country, has allotted additional 32,200 shares in Digispice Ghana. Accordingly, Digispice Gnana has ceased to be a 100% subsidiary of Spice VAS (Africa) Pte. Ltd., ('SVA'), another step down subsidiary company.

As required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the requisite information is enclosed herewith as Annexure 'A'.

You are requested to kindly take the above on record and oblige.

Thanking you.

Yours faithfully, for DiGiSPICE Technologies Limited (formerly Spice Mobility Limited)

MEGHRAJ $\begin{minipage}{0.99\textwidth} \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c$

(M. R. Bothra) Vice President - Corporate Affairs & Company Secretary

$Encl.:$ as above

DiGiSPICE

Annexure 'A'

Details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

S. No.	Particulars	Details
a)	the amount and percentage of theturnover or revenue or incomeand net worth contributed bysuch unit or division of the listedentity during the last financialyear;	Revenue/Income of DigiSpice Ghana Limited for theFY 2019-20 (GHS 7.30 Million) is equivalent to INR95.38 Million (2.3% of INR 4,071.82 Million) beingof consolidatedRevenue/Incomefinancialοfthe Company.Net Worth of DigiSpice Ghana Limited for the FY2019-20 (GHS 0.80 Million) equivalent to INR 10.50Million (0.5% of INR 2,236.69 Million) being NetWorth of consolidated financial of the Company.
b)	date on which the agreement forsale has been entered into;	Ghana Company has allotted 32,200 ordinaryshares on 31 st May 2021
$\mathbf{c}$	the expected date of completion ofsale/disposal;	31 st May, 2021
d)	consideration received from suchsale/disposal;	Equivalent INR 401,475 (GHS 32,200) was receivedby DigiSpice Ghana Limited towards subscription of32,200 Ordinary Shares
$\epsilon$	detailsbriefofbuyersandwhether any of the buyers belongpromoter/ promoterthetogroup/group companies. If yes,details thereof;	Mr. Samuel Kofi BlayTheallotteedoesnotbelongnewtopromoter/Promoter group/group companies.
f)	whether the transaction would fallwithin related party transactions?If yes, whether the same is doneat "arms length";	N o
g)	additionally, in case of a slumpsale,indicativedisclosuresprovidedforamalgamation/merger, shallbedisclosed by the listed entity withrespect to such slump sale.	Not Applicable

DiGiSPICE Technologies Limited