Sammaan Capital Limited — Capital/Financing Update 2021

Sep 16, 2021

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Date: September 16, 2021

National Stock Exchange of India Limited BSE Limited Listing Department Department of Corporate Services Exchange Plaza, Bandra Kurla Complex Floor 25, Phiroze Jeejeebhoy Towers Bandra (East) Dalal Street Mumbai 400 051 Mumbai 400 001 Company symbol : IBULHSGFIN Security code no. : 535789

Sub: Proposed issue of foreign currency convertible bonds (“FCCBs”) aggregating up to USD 200 million by Indiabulls Housing Finance Limited (“Company” and such issue, the “Issue”).

Dear Sir/ Madam,

1. We wish to inform you that subsequent to the approval accorded by the board of directors of the Company (the “ Board ”), at its meeting held on June 29, 2021 and the special resolution passed by the shareholders of the Company on July 29, 2021, the Securities Issuance Committee (“ Committee ”) has, at its meeting held today i.e. September 16, 2021, inter alia , passed resolutions for the following:

   • a. Approved the floor price for the Issue;

   • b. Approved and adopted the preliminary offering circular dated September 16, 2021, in connection with the Issue; and

   • c. Authorised the opening of the Issue today, i.e. September 16, 2021;

2. We further wish to inform you that the ‘Relevant Date’ for the purpose of the Issue, in terms of Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993, as amended (" FCCBs Guidelines ") is September 16, 2021 and accordingly the floor price in respect of the aforesaid Issue, determined based on FCCBs Guidelines is INR 231.48 per FCCB.

3. The FCCBs are not, and are not expected to be, rated by any rating agency.

The meeting of the Committee commenced at 5:45 P.M. and concluded at 6:15 P.M.

We request you to take the above on record and the same be treated as compliance under the applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Thanking you,

Yours truly, For Indiabulls Housing Finance Limited

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Amit Jain Company Secretary

CC: Luxembourg Stock Exchange, Luxembourg Singapore Exchange Securities Trading Limited, Singapore

Indiabulls Housing Finance Limited (CIN. L65922DL2005PLC136029) Corp. Off. Indiabulls House, 448-451, Udyog Vihar, Phase V, Gurugram -16. T. +91 124 668 1212 F. +91 124 668 1111 Reg. Off. M 62 & 63, First Floor, Connaught Place, New Delhi -01. T. +91 11 43532950 F. +91 11 43532947 Email.homeloans@indiabulls.com Web.Indiabullshomeloans.com