ITC Ltd — Capital/Financing Update 2023

Aug 14, 2023

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ITC Limited Virginia House 37 J. L. Nehru Road Kolkata 700 071, India Tel. : 91 33 2288 9371 Fax : 91 33 2288 4016 / 1256 / 2259 / 2260

14[th] August, 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,

Acquisition of shares

We write to advise, that the Board of Directors of ITC Limited (“Company”), at its meeting held today i.e., 14[th] August, 2023, considered and approved the acquisition of 36,26,633 (Thirty Six Lakhs Twenty Six Thousand Six Hundred and Thirty Three) equity shares of International Travel House Limited (“ ITHL ”), a listed company, representing 45.36% of ITHL’s share capital as on date and 90,000 (Ninety Thousand) equity shares of Maharaja Heritage Resorts Limited (“ MHRL ”), an unlisted company, representing 25% of MHRL’s share capital from Russell Credit Limited (“ RCL ”), a wholly owned subsidiary of the Company. The proposed acquisitions by the Company, as stated above, shall be subject to obtaining relevant approvals from the Board of Directors of RCL, and execution of transaction documents (Agreement etc.) in due course.

On execution of the transaction documents, complete details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the SEBI Circular dated 13[th] July, 2023 will be disclosed to the Stock Exchanges and filing / intimation shall be made in terms of Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 for the aforesaid inter se transfer of shares.

The meeting commenced at 3.30 p.m. and concluded at 4.30 p.m.

Yours faithfully, ITC Limited

RAJENDRA Digitally signed by RAJENDRA KUMAR KUMAR SINGHI Date: 2023.08.14 SINGHI 16:30:46 +05'30'

(R. K. Singhi) Executive Vice President & Company Secretary

FMCG ⚫ HOTELS ⚫ PAPERBOARDS & PACKAGING ⚫ AGRI-BUSINESS ⚫ INFORMATION TECHNOLOGY Visit us at www.itcportal.com ⚫ Corporate Identity Number : L16005WB1910PLC001985 ⚫ e-mail : enduringvalue@itc.in

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cc: Securities Exchange Commission Division of Corporate Finance Office of International Corporate Finance Mail Stop 3-9 450 Fifth Street Washington DC 20549 U.S.A. cc: Societe de la Bourse de Luxembourg 35A Boulevard Joseph II L-1840 Luxembourg