Redington Limited — Capital/Financing Update 2021

May 18, 2021

May 18, 2021

The National Stock Exchange of India Ltd., Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai-400 051.

Dear Sir/Madam,

Sub: Response to the clarification requested vide your email on May 11, 2021 with respect to announcement by the Company dated May 5, 2021

Ref: Intimation to stock exchange regarding 'Communication received from step down subsidiary Arena Bilgisayar Sanayi Ve Ticaret A.S. (Arena), Turkey about its preliminary discussion regarding potential acquisition'.

In furtherance to announcement about 'Communication received from step down subsidiary Arena Bilgisayar Sanayi Ve Ticaret A.S. (Arena), Turkey about its preliminary discussion regarding potential acquisition', we request you to kindly take note of the information requested as given below.

Name of the target entity, details in brief suchas size, turnover etc.	Brightstar Telekomünikasyon Dağıtım Ltd.Şti. (Brightstar Turkey)As the targeted entity is not listed inTurkey, the details are not available inpublic domain. The financial position andsignificant information of target entity willbe known after completion of duediligence.
Whether the acquisition would fall withinrelated party transaction(s) and whether thepromoter/ promoter group/ group companieshave any interest in the entity being acquired?If yes, nature of interest and details thereofand whether the same is done at “arm’slength”.	NoNA
Brief details ofanygovernmentalorregulatoryapprovalsrequiredfortheacquisition	The potential acquisition by Arena is inpreliminary discussion, accordingly, thereisnogovernmentalorregulatoryapprovals required as of now.

Indicative time period for completion of theacquisition	The potential acquisition by Arena is inpreliminary discussion, accordingly, timeperiod for completion could not bespecified. However, Arena expect timeperiod of approximately 3-6 months forcompletion.
Cost of acquisition or the price at which theshares are acquired	The potential acquisition by Arena is inpreliminary discussion, and hence, Cost ofacquisition or theprice is notyet finalised.
Nature of consideration - whether cashconsideration or share swap and details of thesame	Considerationisnotyetfinalized.However, Arena is viewing purchasethrough 100% cash consideration only.
Brief background about the entity acquired interms of products/line of business acquired,date of incorporation, history of last 3 yearsturnover, country in which the acquired entityhas presence and any other significantinformation (in brief)	Nature of business: Brightstar Turkey’soperations primarily consist of value-added distribution of leading brands ofsmartphones,devices,consumerelectronics and accessories to telecomoperator(s).Country of presence: TurkeyAs the targeted entity is not listed inTurkey, the details are not available inpublic domain. The financial position andsignificant information of target entity willbe known after completion of duediligence.

We request you to take the above on record.

Thanking you, With regards Digitally signed by Muthukumarsam Muthukumarsamy Muthukrishnan y Muthukrishnan Date: 2021.05.18 18:31:41 +05'30' M Muthukumarasamy Company Secretary