Mastek Limited — Capital/Financing Update 2021

Jul 16, 2021

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Mastek Limited T +91 22 6722 4200

Mumbai 400096, Maharashtra, India W www.mastek.com

SEC/45/2021-22

July 16, 2021

Listing Department Listing Department BSE Limited The National Stock Exchange of India Limited 25[th ] Floor, Phiroze Jeejeebhoy Towers Exchange Plaza, C-1, Block G, Dalal Street, Fort Bandra Kurla Complex, Mumbai-400 001 Bandra (E), Mumbai – 400 051 Tel No. 022- 22723121 Tel No.: 022- 26598100 Fax No. 022- 22721919 Fax No. 022-26598120 SCRIP CODE: 523704 SYMBOL: MASTEK

Sub: Grant of RSU Options to eligible employee under ESOP PLAN VII.

This is to inform you that the Nomination and Remuneration Committee of the Board of Directors have approved the grant of 3,200 Employee Stock Options (ESOP’s) to the eligible employee. The broad terms and conditions of the said ESOP are as under:

1. Options are granted at the PAR Value of Rs. 5/- per share.

2. On exercise of the option, one equity share of face value of Rs. 5/- each shall be allotted per option.

3. Options shall vest over a period of three years in the ratio of 20:30:50.

4. Options will vest after the end of year 1[st] /2[nd] /3[rd] in the proportions mentioned in point 3 above.

5. The vested options can be exercised within a period of 7 years from the date of vesting.

You are requested to acknowledge receipt and take the same on record.

Thanking you

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Regd. Off.: 804, 805 President House, Opp. C.N. Vidyalaya, Near Ambawadi Circle, Ambawadi, Ahmedabad - 380 006. Gujarat, India. Tel No: +91-79-2656--4337 E-mail: info@mastek.com CIN-l74140GJ1982PLC005215