ICRA Limited — Major Shareholding Notification 2021

Apr 1, 2021

Format for Disclosures under Regulation 30(1) and 30(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

Part A- Details of Shareholding

1. Name of the Target Company (TC)	ICRA Limited	ICRA Limited	ICRA Limited
2. Name(s) of the stock exchange(s) where the sharesof the TC are listed	i.BSE Limitedii.National Stock Exchange of India Limited
3. Particulars of the shareholder(s):a. Name of person(s) together with PersonsActing in Concert (PAC) whose total holding(including that in the form of shares, warrants,convertible securities and any other instrumentthat would entitle the holder to receive sharesin the TC) is more than 25% of the votingrights of the TC.orb. Name(s) of promoter(s), member of thepromoter group and PAC with him.	1. Moody's Investment Company India PrivateLimited2. Moody’s Singapore Pte Ltd
4. Particulars of the shareholding of person(s)mentioned at (3) above	Number ofshares	% w.r.t. totalshare/votingcapital whereverapplicable	% of total dilutedshare/votingcapital of TC (*)
As of March 31st of the year, holding of:Moody’s Investment Company India Private Limiteda) Sharesb) Voting Rights (otherwise than by shares)c) Warrantsd) Convertible Securitiese) Any other instrument that would entitle theholder to receive shares in the TC.Moody's Singapore Pte Ltda) Sharesb) Voting Rights (otherwise than by shares)c) Warrantsd) Convertible Securitiese) Any other instrument that would entitle theholder to receive shares in the TC.	30,55,90019,49,722	31.66%20.20%	31.66%20.20%
Total	50,05,622	51.86%	51.86%

Name of the Target Company: ICRA Limited

Name(s) of the person and PersonsActing in Concert (PAC) with theperson	WhetherthepersonbelongstoPromoter/Promoter group
Moody's Investment Company IndiaPrivate Limited	Yes
Moody’s Singapore Pte Ltd	Yes

For Moody's Investment Company India Private Limited

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TANG Chi Fai

Signature of the Authorised Signatory

Place: Hong Kong

Date: April 1, 2021

Note:

1. In case of promoter(s) making disclosure under regulation 30(2), no additional disclosure under regulation 30(1) is required.

(*) 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.

• (**) Part-B shall be disclosed to the Stock Exchanges but shall not be disseminated.

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Moody's Investment Company India Private Limited Electric Mansion, 3rd Floor Appasaheb Marathe Marg Prabhadevi, Mumbai 400 025 India U65993MH1999PTC120795 91-22-4004-6111 mici@moodys.com moodys.com

April 1, 2021

(1) The Audit Committee, ICRA Limited, 1105, Kailash Building, 11th Floor, 26, Kasturba Gandhi, Marg, New Delhi -110001

(2) Via Email (takeover@nse.co.in) National Stock Exchange of India Ltd., Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051

(3) Via Email (corp.relations@bseindia.com) BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400001

Dear Sirs,

RE: Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

We, the undersigned, are one of the two promoters of ICRA Limited. We hereby declare that we, along with persons acting in concert, have not made any encumbrance, directly or indirectly, other than those already disclosed during the financial year 2020-21.

Yours faithfully,

For Moody’s Investment Company India Private Limited

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Name: TANG Chi Fai Designation: Director Place: Hong Kong