Nila Spaces Ltd — Capital/Financing Update 2018

Dec 28, 2018

INVESTOR RELEASE

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For Immediate Release

NILA SPACES LIMITED - LISTING OF SHARES

Ahmedabad, December 28, 2018:

Nila Spaces Limited (“NSL”) – a real estate player and a company resulted from the demerger of Nila Infrastructures Ltd.; is today listed at BSE Ltd. and National Stock Exchange of India Ltd.

With prominent land bank, land arrangements and group experience; NSL envisions massive execution and value creation on the back of affordable housing demand by adding real estate spaces thereby catering basic housing need of the nation and more such spaces to the dwellers.

Commenting at this juncture Mr. Deep Vadodaria, Director said:

“A separate entity for real estate business was a thought came out from an independent exercise on the back of our early sense of changing industry dynamics. The opportunities are ample now and we are ready to take flee. Affordable Housing again is the segment where NSL would have most of the focus but here it would be our own projects to monetize the land and create value for our stakeholders. We believe with our rich experience in creating affordable housing we will be able to make ground breaking impact to how affordable housing segment works. NSL has all that essence of land arrangements, group experiences, technology, and resources that can build enormous value in years to come.

The Company is ready to start project more than 1 million sq ft before end of the financial year. Apart this the company has 2 million sq ft on right of first refusal at fair value basis on land of Nila Infrastructures Ltd. – the demerged company. Additionally the Company has 1.2 million sq. ft development potential land.

The Company has started working on its execution plans by an Affordable Housing Project “Anant Sky” at Ranip Ahmedabad aggregating an estimated construction of 4,00,000 sq.ft. – scheduled to be completed by end of 2020."

To know more, please visit www.nilaspaces.com

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INVESTOR RELEASE

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Forward Looking Statement

No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correct- ness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of Nila Spaces Limited which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment.

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forwardlooking statements to reflect future events or developments.

This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities.

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For more Information please contact:

Mr. Prashant Sarkhedi – Director +91 9978445566 | +91 79 4003 6817 / 18 | info@nilaspaces.com | www.nilaspaces.com

CIN: U45100GJ2000PLC083204

1st Floor, Sambhaav House, Opp. Chief Justice’s Bungalow, Bodakdev, Ahmedabad – 380015

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