Munjal Showa Ltd. — Major Shareholding Notification 2021

Jan 19, 2021

HITACHI lnspire the Nexl:

(on behalf of Showa Corporation which has merged into Hitachi Astemo, Ltd. from Jan 1, 2021)

To, To, To, BSE limited National Stock Exchange of India Munjal Showa Limited, limited Scrip Code - 520043 9-11, Maruti Industrial Area, Phiroze」eejeebhoy Towers, Scrip Symbol- MUN」ALSHOW Gurugram, Dalal Street, Exchange Plaza, C-1, Block G, Haryana -122 015. Mumbai -400 001. Bandra Kurla Complex, Bandra (East), Mumbai -400051.

Date -14[th ] January 2021

Sub: Disclosure under Regulation 29(2) & 29(3) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and �akeovers) Regulations, 2011 ('Takeover Regulations')

Dear Sir/Madam,

Please find enclosed herewith the disclosure under Regulation 29(2) read with 29(3) of the Takeover Regulations with respect to the change in the number of shares held by Showa Corporation,」apan in Munjal Showa Limited, pursuant to the merger of Showa Corporation, Japan into Hitachi Automotive Systems, Ltd., 」apan, now renamed as Hitachi Astemo, Ltd.

Please take the attached disclosure on your record.

Thanking you,

Hitachi Astemo, Ltd.

(on behalf of Showa Corporation which has merged into Hitachi Astemo, Ltd. from Jan 1, 2021)

Executive'fJice President, Executive Officer

Date: 14[th ] January 2021

Place: Japan Encl: As above

Astemo

Disclosure under Re-uisition of Shares and Takeovers� 2011

Name of the Target Company (TC)	Munjal Showa Limited	Munjal Showa Limited	Munjal Showa Limited
Name(s) of the acquirer and Persons Acting in Concert (PAC) with the acquirer	Hitachi Automotive Systems, Ltd., Japan, now renamed as Hitachi Astemo, Ltd.
Whether the acquirer belongs to Promoter/Promoter group	No
Name(s) of the Stock Exchange(s) where the shares of TC are Listed	1. BSE Limited 2. National Stock Exchange of India Limited
Details of the disposal as fllows:	Number % w.r.t. total % w.r.t. total share/voting diluted capital wherever share/voting applicable () capital of the TC （＊＊）*
Before the sale under consideration, holding of:
a) Shares carrying voting rights	99,60,027 shares 24.90% 24.90%
b) Shares in the nature of encumbrance (pledge/ lien/ non- disposal undertaking/ others)
c) Voting rights (VR) otherise than by shares
d) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carring voting rights in the TC (specif holding in each category)
e) Total (a+b+c+d)	99,60,027 shares 24.90%		24.90%
Details of sale
a) Shares carring voting rights sold	99,60,027 shares 24.90%		24.90%
b) VRs sold otherise than by shares
c) Warrants/convertible securities/any other instrument that entitles the acquirer to receive shares carring voting rights in the TC (specif holding in each categor) acquired
d) Shares encumbered / invoked / released by the acquirer
e) Total (a+b+c+/-d)	99,60,027 shares	24.90%	24.90%
Afer the sale, holding of:

a) Shares carrying voting rights
b) Shares encumbered with the acquirer
c) VRs otherise than by shares
d) Warrants/converible securities/any other instrument that entitles the acquirer to receive shares carrying voting rights in the T C (specif holding in each category) afer acquisition		一
e) Total (a+b+c+d)
Mode of sale	Pursuant to merger of Showa Corporation, Japan with Hitachi Automotive Systems, Ltd.,」apan, now renamed as Hitachi Astemo, Ltd.
Date of sale of shares 1 Januar 2021
Equity share capital / total voting capital of the TC befre the 3,99,95,000 shares said sale
Equity share capital/ total voting capital of the TC afer the 3,99,95,000 shares said sale
Total diluted share/voting capital of the TC afer the said 3,99,95,000 shares sale

(*) Total share capital/ voting capital to be taken as per the latest filing done by the company to the Stock Exchange under Clause 35 of the listing Agreement.

(**) Diluted share/voting capital means the total number of shares in the TC assuming fuH conversion of the outstanding convertible securities/warrants into equity shares of the TC.

Hitachi Astemo, Ltd.

(on behalf of Showa Corporation which has merged into Hitachi Astemo, Ltd. from」an 1, 2021)

/Nobuyu Executive Vice President, Executive Officer

Date: 14[th ] January 2021

Place: Japan Encl: As above