EPL LIMITED — Major Shareholding Notification 2022

Dec 9, 2022

Annex I

DisclosurebythePromoter(s)tothestockexchangesandtotheTargetCompanyforencumbranceofshares/invocationofreleaseencumbrance/
ofencumbrance,intermsofRegulation31(1)and31(2)ofSEBI(SubstantialAcquisitionofSharesandTakeovers)Regulations,2011
							EPLLimited(formerly known as Essel Propack Limited)("Target Company")
NameoftheTargetCompany(TC)
							BSE Limited
Namesofthestockexchangeswherethesharesofthetarget							National Stock Exchange ofIndia Limited.
companyarelisted
							8December 2022
Dateof	reporting
							Epsilon Bidco Pte. Ltd.("Epsilon Bidco")(the promoter of the Target Company)is a
NameofthepromoterorPAConwhosesharesencumbrance							wholly owned subsidiary of Epsilon PledgeCo Pte. Ltd.("Parent").
hasbeen created/released/invoked
							Parent and Epsilon Bidco have agreed to certain covenants that are in the nature of
								encumbrance in relation to an offshore facility availed by Epsilon Bidco						for refinancing an
							existing facility.
							Parent, from the date such existing facility is refinanced, will create a pledge on its entire
							shareholding in Epsilon Bidco.
							Parent does not directly hold any equity shares in the Target Company. To clarify, Epsilon
							Bidco has not created any pledge on the equity shares of the Target Company.
							Epsilon Bidco holds 16,39,73,866 shares ofthe Target Company amounting to 51.91% of
							the total paid up share capital of the Target Company.
Detailsof	thecreation	of	encumbrance:
Name	Promoter holdingin		Promoter		Detailsof	events	pertainingtoencumbrance(3)							Postevent holding
of the	the		holding											of encumbered
promo	targetcompany		already											shares[creation
ter (s)	(1)		encumbered										[(2)+(3)]	/ release
or			(2)											[(2)-(3)] / invocation
	PACs												[(1)-(3)]]
with
him*
	Number#	% of	Numb	% of	Type of	Dateof	Typeof	Reasons for	Number#	%of	Name	of	Number#	% of
		total	er	total	event	creation /	encumbra	encumbran		share	entity	in		total
		share		share	(creatio	release/	nce	ce**			whose			share

		capital(a)#		capital(a)	n/release /invocation)	invocationofencumbrance	(pledge /lien/ nondisposalundertaking/others)			capital(a)#	favoursharesareencumbered***		capital(a)#
EpsilonBidco	16,39,73,866	51.91%	Nil	Nil	Creation	1December2022	Pleaserefertothe Note(a)below.	Please referto the Note(a)below.	16,39,73,866	51.91%	DBInternationalTrust(Singapore)Limited("SecurityAgent")	16,39,73,866	51.91%
					Creation	1December2022	Pleaserefertothe Note(a)below.		16,39,73,866	51.91%

Note:

• (a) Epsilon Pledgeco Pte. Ltd. ("Parent") and Epsilon Bidco Pte. Ltd. ("Epsilon Bidco") have agreed to certain covenants that are in the nature of encumbrance in relation to an offshore facility availed by Epsilon Bidco for refinancing an existing facility.
• (b) Parent, from the date such existing facility is refinanced, will create a pledge on its entire shareholding in Epsilon Bidco.
• (c) Parent does not directly hold any equity shares in the Target Company. To clarify, Epsilon Bidco has not created any pledge on the equity shares of the Target Company.
• (d) Epsilon Bidco holds 16,39,73,866 shares of EPL Limited ("Target Company") amounting to 51.91% of the total paid up share capital of the Target Company.

*The names of all the promoters, their shareholding in the target company and their pledged shareholding as on the reporting date should appear in the table irrespective of whether they are reporting on the date of event or not.

DocuSign Envelope ID: B6F1E031-EB03-435B-B2E3-8A79B858BE43

** For example, for the purpose of collateral for loans taken by the company, personal borrowing, third party pledge, etc.

***This would include name of both the lender and the trustee who may hold shares directly or on behalf of the lender.

(#) Total share capital/ voting capital is taken as per the latest filing done by the Company to the Stock Exchange under Clause 35 of the listing agreement.

Kwang Yew See

Signature of the Authorized Signatory:

Place: Singapore

Date: 12/8/2022