Hindustan Construction Co. Ltd. — Capital/Financing Update 2018

Nov 12, 2018

November 12,201 8

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai 400 001

National Stock Exchange of lndia Limited "Exchange Plaza" Bandra-Kurla Complex, Bandra (East) Mumbai 400 051

Dear Sirs,

Subject: Outcome of the meetinq of the Riqhts lssue Committee of Hindustan Construction Company Limited (the "Company") held on 12~~ November. 2018

This is further to the meeting of the Board of Directors of the Company held on September 5, 2018 approving the issue of equity shares of the Company of face value ? 1 each ("Equity Shares") by way of a rights issue to the existing shareholders of the Company as on the record date for an amount not exceeding ? 500 crores in accordance with the Securities and Exchange Board of lndia (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended and other applicable laws (the "Issue") and the draft letter of offer dated September 12, 2018 filed with the Securities and Exchange Board of lndia and the stock exchanges where the Equity Shares of the Company are listed.

In relation to the Issue, the Rights lssue Committee, at its meeting held on November 12, 2018 has approved the terms of the lssue as follows:

• 1. lssue Price: ? 10 per Equity Share (including a premium of ? 9 per Equity Share)
• 1. Rights entitlement ratio: 49 Equity Shares for every 100 fully paid-up Equity Share held by the eligible shareholders of the Company as on the record date.

The Rights lssue Committee has also approved the schedule for the lssue as follows:

• 1. lssue opening date: December 03, 201 8;
• 1. Issue closing date: December 17, 201 8 ; and
• 1. Last date for receiving requests for the split application forms: December 10, 2018.

Further, the Rights lssue Committee has fixed the record date for purpose of determining the shareholders eligible to apply for the lssue as November 22, 2018.

The meeting of the Rights lssue Committee commenced at 11.00 a.m. and completed at 12.50p.m.

We request you to take this on record, and to treat the same as compliance with the applicable provieions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Thanking you,

Yours faithfblly, For Hindustan Construction Company Limited

Group CEO & \KH'ole4ime Director