Persistent Systems Limited — M&A Activity 2021

Oct 5, 2021

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NSE & BSE / 2021-22 / 89

October 5, 2021

The Manager, Corporate Services, National Stock Exchange of India Limited Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai 400 051

Ref: Symbol: PERSISTENT

The Manager, Corporate Services, BSE Limited 14[th] Floor, P J Towers, Dalal Street, Mumbai 400 001

Ref: Scrip Code: 533179

Dear Sirs/Madam,

• Sub: Update on acquisition of Software Corporation International and its affiliate Fusion360 LLC by Persistent Systems Inc., USA

• Ref: Our earlier intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 vide letter no. NSE & BSE / 2021-22 / 86 dated September 29, 2021

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the ‘Regulations’) and further to our above referred intimation, we wish to inform you that the necessary customary closing conditions with respect to acquisition of Software Corporation International (“Software Corporation”) and its affiliate Fusion360 LLC (“Fusion360”) USA, have been met on October 5, 2021. Consequently, Software Corporation and Fusion 360, have become Wholly Owned Subsidiary Companies of Persistent Systems Inc., USA, a wholly owned subsidiary of Persistent Systems Limited, with effect from October 5, 2021.

We hereby confirm that the acquisition(s) as mentioned in above referred intimation has now been completed.

Please acknowledge the receipt.

Thanking you,

Yours sincerely,

For Persistent Systems Limited

Digitally signed by AMIT MURARI AMIT MURARI ATRE ATRE Date: 2021.10.05 20:38:21 +05'30' Amit Atre Company Secretary ICSI Membership No. A20507

Persistent Systems Limited, Bhageerath, 402 Senapati Bapat Road, Pune 411 016, Maharashtra, India CIN - L72300PN1990PLCO56696

Tel: +91 (20) 670 30000 | Fax - +91 (20) 6703 0008 | E-mail - info@persistent.com | Website - www.persistent.com