PDS LIMITED — Capital/Financing Update 2018

Sep 28, 2018

PDS Multinational Fashions Limited

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PDS/SE/2018-19/21

28[th] September, 2018

The General Manager, The General Manager, Corporate Service Department Listing Department BSE Limited National Stock Exchange of India Limited P. J Tower, Dalal Street, Fort, Exchange Plaza, Bandra Kurla Complex, Mumbai-400001 Bandra (East), Mumbai-400051.

Scrip Code/ID: BSE: 538730;

NSE: PDSMFL

SUB: Intimation pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Dear Sir/Madam,

Pursuant to regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Smart Notch Industrial Limited, Subsidiary of the Company incorporated in Hong Kong, has entered into Share Subscription and Shareholders Agreement for making an investment of GBP 1.5 million in Atterley.com Holding Limited, a company incorporated in Scotland, in phased manner over a period of next 2 years to acquire 22.57% shareholding on fully diluted basis. Atterley.Com Holdings Limited is an online fashion retailer in United Kingdom having presence in various countries.

Brief information related to aforesaid investment is given below:

• Brief profile of Atterly.com: Atterley was launched in 2016 by UK retail entrepreneur Mike Welch. The Atterley site enables independent fashion boutiques and brands to list and sell their inventories (both womenswear and menswear). It has over 100 boutiques on its platform and is currently selling to 60 countries. The Atterley team promotes the products for boutique owners and manages customer acquisition and customer care.

• Date of execution of Agreement: 25[th] September, 2018

• Amount to be Invested: GBP 1.5 million in phased manner.

• Time-line for investment: GBP 500,000 in September, 2018; GBP 500,000 between April & July 2019 and balance GBP 500,000 between April & July, 2020 subject to achieving certain performance conditions by Atterley.Com

• Price of shares: GBP 0.10 per share (face value) and GBP 3.157 per share (Premium)

• Expected benefit of Investment: This is a natural move for PDS Group as online becomes an increasingly important channel for apparel industry in providing insights into customer tastes and trends. PDS Group is able to develop insights from data and first-hand experience in online business will ensure PDS Group remain at the cutting edge of fashion and are able to provide market intelligence to its retail customers.

• None of the Directors/promoters of the Company are interested/related with Atterly.Com Holdings Limited and/or its subsidiary companies.

You are requested to kindly take the same on record and oblige.

For PDS Multinational Fashions Limited

B. Chandra Sekhara Reddy Company Secretary & Head-Legal

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Regd. Office: No. 758 & 759, 2[nd] Floor, 19[th] Main, Sector -2, HSR Layout, Bengaluru – 560 102, Karnataka, INDIA Tel: +91 80 67653000; Email: info@pdsmultinational.com; Website: www.pdsmultinational.com CIN: L18101KA2011PLC094125