Prestige Estates Projects Limited — Capital/Financing Update 2022

Oct 1, 2022

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Date: October 1, 2022

To,

The General Manager The Manager Dept. of Corporate Services Dept. of Corporate Services National Stock Exchange of India Limited BSE Limited Bandra Kurla Complex Floor 25, P J Towers Bandra (E) Dalal Street Mumbai-400051 Mumbai – 400 001 NSE Scrip code: PRESTIGE BSE Scrip code: 533274

Dear Sir / Madam,

Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that, that Prestige Estates Projects Limited (“Company”) through its wholly owned subsidiary Prestige Retail Ventures Limited (“PRVL”), has acquired 30% stake in Prestige OMR Ventures LLP. With the acquisition, the LLP now has become a wholly owned subsidiary of the Company.

Further, the company has transferred its 69% stake in the LLP to PRVL, the apex entity for retail vertical of the Group, this brings PRVL holding in the LLP to 99% and balance 1% continues to be held by the Company.

Prestige OMR Ventures LLP is developing a retail mall with developable area of approximately 1.96 million sft in Chennai.

We enclose herewith the details as required under Regulation 30 of the SEBI (Listing obligations and Disclosure Requirements), 2015 read with SEBI Circular No. CIR/CFD/CMD/4/ 2015 dated September 9, 2015 as Annexure - l.

This is for your information and records.

Thanking you.

Yours faithfully,

For Prestige Estates Projects Limited

VENKATARATHN Digitally signed by AIAH SETTY VENKATARATHNAIA H SETTY JEELAKUNTE JEELAKUNTE MANOJ MANOJ KRISHNA KRISHNA

Manoj Krishna J V Company Secretary & Compliance Officer

Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore - 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail : investors@prestigeconstructions.com www.prestigeconstructions.com CIN : L07010KA1997PLC022322

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Annexure - l.

Information as required under Regulation 30-Para A Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015 are as follows:

1.	Name of the target entity, details inbrief such as size, turnover etc.	Prestige OMR Ventures LLP is developing acapex project in retail due to which there is noturnover or income for the year ended 31stMarch, 2022. The total capital contribution bythe partners in the LLP as on 31st March, 2022is Rs.106.89 crores.The Company’s capital contribution in the LLPas on 31st March,2022 is Rs. 80.18 crores
2.	Whether the acquisition will fallwithin related party transaction(s)and whether promoter/ promotergroup have any interest in thetransaction	This transaction does not fall within thedefinition of related party transaction. Thepromoter/ promoter group/ group companieshave no interest in the entity being acquired.
3.	Industry to which the entity belongsto	Real Estate and Construction
4.	Objects and effects of acquisition	Business reasons
5.	Brief details of any governmental orregulatoryapprovals required	Not Applicable
6.	Indicativetimeperiodforcompletion of the acquisition	To be completed by December 29, 2022.
7.	Nature of consideration	Cash consideration paid through Bankingchannel
8.	Price at which shares would besubscribed	Rs. 45 crores
9.	Percentage of shareholding/ no. ofshares acquired	30% of contribution in LLP.
	Brief background of the entity being	Prestige OMR Ventures LLP is developing a
10.	acquired	capex project in retail due to which there is no
		turnover or income for the year ended 31st
		March, 2022. The total capital contribution by
		the partners in the LLP as on 31st March, 2022
		is Rs.106.89 crores. The Company’s capital
		contribution in the LLP as on 31st March, 2022
		is Rs. 80.18 crores

Prestige Estates Projects Limited , Prestige Falcon Towers, No 19 Brunton Road, Bangalore - 560 025. Phone : +91 80 25591080 Fax : +91 80 25591945 E-mail : investors@prestigeconstructions.com www.prestigeconstructions.com CIN : L07010KA1997PLC022322