ITC Ltd — Capital/Financing Update 2023

Apr 19, 2023

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19[th] April, 2023

The Manager Listing Department National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C-1, G Block Bandra-Kurla Complex Bandra (East) Mumbai 400 051

The General Manager Dept. of Corporate Services BSE Ltd. P. J. Towers Dalal Street Mumbai 400 001

The Secretary The Calcutta Stock Exchange Ltd. 7, Lyons Range Kolkata 700 001

Dear Sirs,

Signing of Transaction Documents for acquisition of 100% shares of Sproutlife Foods Private Limited (‘Sproutlife’)

Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

We write to advise that the Company has today executed the transaction documents, including the Securities Subscription & Purchase Agreement and the Shareholders Agreement, to acquire 100% of the share capital (on a fully diluted basis) of Sproutlife, in one or more tranches, over a time period of three to four years.

Yours faithfully, ITC Limited

Digitally signed by Nidhi Bajaj Nidhi DN: dc=IN, dc=ITC, ou=Corporate, ou=Sec.Corp, ou=Users, cn=Nidhi Bajaj, email=Nidhi.Bajaj@itc.in Date: 2023.04.19 18:16:53 Bajaj +05'30' (N. Bajaj) Deputy Company Secretary

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