INTELLECT DESIGN ARENA LIMITED — Capital/Financing Update 2021

Apr 22, 2021

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Intellect/SEC/2021-22 22[nd] April, 2021 1. National Stock Exchange of India Ltd., Scrip Code: Exchange Plaza, 5th Floor, Plot No. C/1, G Block, Bandra Kurla Complex, INTELLECT Bandra (E), Mumbai – 400 051. 2. BSE Ltd. Scrip Code: 1st Floor, New Trade Ring, Rotunda Building, PJ Towers, 538835 Dalal Street, Fort, Mumbai – 400 001.

Dear Sirs,

Sub: Media Release - SICO Funds Services Company B.S.C. (c) chooses Intellect’s Capital Sigma to digitise its custody and fund administration

Intellect Design Arena Ltd, a specialist in digital technologies and global leader in financial technology announced today that SICO Funds Services Company B.S.C. (c) (SFS), a leading provider of full range of regulatory support services for funds, Sukuk, Portfolios and other structured financial products has appointed Capital Sigma; Intellect's asset servicing solution suite, to streamline its post-trade operations, allowing the company to meet its growth objectives. The appointment attests to Intellect’s position as the leading fintech player in the Middle East for capital markets offerings.

The Capital Sigma solution suite comprises of fund administration, custody and registrar business modules including the functions of clearing & settlements, fund accounting, fee & billing, corporate action, reporting and investor services, client portal and portfolio risk analytics and is set to enhance business processes and the operational efficiency across the company’s custody, fund services and investor functions. The system’s API-based industry-ready adapters will ensure seamless integration with exchanges, clearing houses and depositories across multiple countries. Additionally, the system’s client portal will offer a transparent view of the post-trade lifecycle and self-diagnostic tools. Finally, the system’s Portfolio Risk Analytics (PRA) will support the investment managers’ strategies by providing real-time data on the impact of portfolio changes.

Please find enclosed herewith a copy of proposed Media Release dated 22[nd] April, 2021 titled as, "SICO Funds Services ’ " Company B.S.C. (c) chooses Intellect s Capital Sigma to digitise its custody and fund administration .

Kindly take the above information on record.

Yours truly,

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SICO Funds Services Company B.S.C. (c) chooses Intellect’s Capital Sigma to digitise its custody and fund administration

Upon completion, SICO Fund s Services Company B.S.C. (c) will benefit fro m a single platform meeting its comprehensive a sset servicing needs by providing flexibility, g rowth and agility.

Chennai, April 22, 2021: Int e llect Design Arena Ltd, a specialist in digit a l technologies and global leader in financial technology announced today that SICO Funds Services Company B.S.C. (c) (SFS), a leading pr o vider of full range of regulatory support services for funds, Sukuk, Portfolios and other structured financial products has appoin t ed Capital Sigma; Intellect's asset servicing sol u tion suite, to streamline its post-trade oper a tions, allowing the company to meet its growth objectives. The appointment attests to In t ellect’s position as the leading fintech player in the Middle East for capital markets offerings.

The Capital Sigma solution s uite comprises of fund administration, cu s tody and registrar business modules including t h e functions of clearing & settlements, fun d accounting, fee & billing, corporate action, re p orting and investor services, client portal and portfolio risk analytics and is set to enhan c e business processes and the operational e f ficiency across the company’s custody, fund ser v ices and investor functions. The system’s A PI-based industryready adapters will ensure seamless integration with exchanges, cl e aring houses and depositories across multiple countries. Additionally, the system’s client portal will offer a transparent view of the pos t -trade lifecycle and self-diagnostic tools. Finally, the system’s Portfolio Risk Analytics (PRA) will support the investment managers’ strategies by providing real-time data on the impact o f portfolio changes.

“We are pleased to have partnered with Intellect to adopt a system t h at will bolster our custody and fund and admin i stration servicing business,” said SFS CEO, Nasser Obaid. “It is crucial in our line of busine s s to have an integrated technology platf o rm able to handle multiple asset classes and t h at is customisable to allow us to meet th e market’s evolving needs. This will positively s upport us in better serving our clients by simultaneously enhancing our processes a n d operations and allowing us to align o u r operations with developments in the rapidly g rowing fintech sector.”

“We are delighted to collaborate with SICO Funds Services Company B.S.C. (c) and become their system provider,” said TV Sinha, CEO, Intellect Treasury & Capital Markets, Intellect Design Arena Limited . He added, “Our platform will help increa s e the company’s operational efficiency and q u ality of services, allowing them to integrate a wider range of value-added and sophisticat e d services that will help them scale their o p erations and meet their business operations. W e look forward to contributing to the overall business growth of the SICO group.”

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About SICO Funds Services Company B.S.C. (c)

SICO Funds Services Company B.S.C. (c), a wholly owned subsidiary of SICO B.S.C. (c) (SICO), a leading regional provider of integrated custody an d fund administration solutions, with a proven track r ecord spanning nearly two decades. Fully licensed by th e Central Bank of Bahrain, SFS settles securities transactions, manages the safekeeping of custody assets and s ecurities servicing for corporate actions, and provid e s comprehensive fund administration services including v a luations and reporting for SICO’s asset management and brokerage clients, as well as its own global clients.

SICO is a leading regional asset m anager, broker, market maker and investment ba n k, with USD 2.1 bn in assets under management (AUM). Today SICO operates under a wholesale banking li c ence from the Central Bank of Bahrain and also oversees three wholly owned subsidiaries: an Abu Dhabi-based brokerage firm, SICO Financial Brokerage and a specialis e d regional custody house, SICO Fund Services Company (SFS), and a Saudibased asset management provide r , SICO Financial Saudi Company (under formation) Headquartered in the Kingdom of Bahrain with a growi n g regional and international presence, SICO has a well-established track record as a trusted regional bank offering a comprehensive suite of financial sol u tions, including asset management, brokerage, investm e nt banking, and market making, backed by a r o bust and experienced research team that provides regi o nal insight and analysis of more than 90 percent of the region’s major equities. Since inception in 1995, S ICO has consistently outperformed the market and d eveloped a solid base of institutional clients. Going for w ard, the bank’s continued growth will be guided b y its commitments to strong corporate governance and d eveloping trusting relationships with its clients. The b ank will also continue to invest in its information technol o gy capabilities and the human capital of its 100 exce p tional employees

About Intellect Design Arena Limited

Intellect Design Arena Ltd, a cloud - native, future ready multi-product fintech platform f or the world’s leading financial & insurance clients cat e rs to the full spectrum of banking and insuranc e technology products company, across Global Consumer Banking, Central Banking, Global Transaction Bankin g (iGTB), Risk, Treasury and Markets, and Insurance. With over 25 years of deep domain expertise, Intellect is the brand that progressive financial institutions re l y on for digital transformation initiatives.

Intellect pioneered Design Thinkin g to create cutting-edge products and solutions for b anking and insurance, with design being the company’s key differentiator in enabling digital transformati o n. FinTech 8012, the world’s first design center for F i nancial Technology, reflects Intellect’s commitme n t to continuous and impactful innovation to address the growing need for digital transformation. Int e llect serves over 240 customers through offices in 91 c o untries and with a diverse workforce of solution a rchitects, domain and technology experts in major global financial hubs around the world. For further information on the organization and its solutions, plea s e visit www.intellectdesign.com.

	For Media related info, please cont Nachu Nagappan Intellect Design Arena Ltd Mob: +91 89396 19676 Email:nachu.nagappan@intellectde act: sign.com	For Investor related info, please Praveen Malik Intellect Design Arena Limited Mob: +91 89397 82837 Email:Praveen.malik@intellectd contact: esign.com