Mastek Limited — Share Issue/Capital Change 2020

May 24, 2020

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Mastek Limited T +91 22 6722 4200

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

SEC/10/2020-21

May 24, 2020

	Listing DepartmentBSE Limited25thFloor, Phiroze Jeejeebhoy TowersDalal Street, FortMumbai-400 001Tel No. 022- 22723121Fax No. 022- 22721919SCRIP CODE: 523704	Listing DepartmentThe National Stock Exchange of India LimitedExchange Plaza, C-1, Block G,Bandra Kurla Complex,Bandra (E), Mumbai – 400 051Tel No.: 022- 26598100Fax No. 022-26598120SYMBOL: MASTEK

Subject: Grant of RSU Options to eligible employee under Employee Stock Options Plan (ESOP)

Dear Sir(s)/Ma’am(s),

This is to inform you that the Company has approved the grant of 55,000 RSUs under the ESOP to the eligible employees. The broad terms and conditions of the said RSUs are as under:

1. Options are granted at the face 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,

Yours Faithfully, For Mastek Limited

Dinesh Kumar Kalani Digitally signed by Dinesh Kumar Kalani DN: c=IN, o=Personal, cn=Dinesh Kumar Kalani, serialNumber=74bfc2dc58430d7aca042cb98d9873617e11490a2471567f15862783bfcfc64c, pseudonym=22a4e8045a5f46f7bc1ebca3fb9fd120, 2.5.4.45=03410065336230633434323938666331633134396166626634633839393666623932343237616534316534363439623933346361343935393931623738353262383535, postalCode=400091, 2.5.4.20=e7430f3f8786429ecd3313782714e595e415f373c994885219c89526123bc0df, st=Maharashtra Date: 2020.05.24 14:35:49 +05'30'

Dinesh Kalani Company Secretary

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