Tech Mahindra — Capital/Financing Update 2019

Sep 5, 2019

Tech Mahindra

Tech Mahindra Limited Sharda Centre, Off Karve Road Pune 411004, Maharashtra, India

Tel. +91 20 6601 8100 Fax. +91 20 2542 4466

techmahindra.com connect@techmahindra.com

Registered Office: Gateway Building, Apollo Bunder Mumbai 400 001, India

CIN L64200MH1986PLC041370

September 5, 2019

$To$ BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street. MUMBAI-400 001 Scrip Code: 532755

National Stock Exchange of India Limited Exchange Plaza, 5th floor, Plot No. - C/1, G Block, Bandra-Kurla Complex, Bandra (E) MUMBAI-400 051 NSE Symbol: TECHM

Sub: Press Release

Dear Sir.

Please find enclosed the press release being issued by the Company, for your kind information and records.

Please acknowledge receipt of the same.

Thanking you,

For Tech Mahindra Limited

Anil Khatri Company Secretary ALL

Encl.: As above

Tech Mahindra Announces Multi-Year Agreement to Accelerate AT&T's Technology Transformation

Expand strategic collaboration to accelerate AT&T's IT network application, shared systems modernization and movement to the cloud

Dallas, New Delhi - September 5, 2019: Tech Mahindra Ltd. a leading provider of digital transformation, consulting and business reengineering services and solutions, today announced expansion of its strategic collaboration with AT&T to accelerate AT&T's IT network application, shared systems modernization and movement to the cloud. Tech Mahindra will assume management of many of the applications which support AT&T's network and shared systems.

The multi-year agreement will enable AT&T to focus on core objectives, including having the most advanced software defined 56 network, and migrate the majority of its non-network workloads to the public cloud by 2024. This comprehensive program will help drive sustainable operational improvement across the network and software development domains.

Jon Summers, cro, AT&T Communications, said, "Our agreement with Tech Mahindra is another step forward in delivering greater flexibility across our IT operations. This includes optimizing our core operations and modernizing our internal network applications to accelerate innovation as we march forward to our goal of a nationwide 5G network by the first half of 2020. Our collaboration with Tech Mahindra will ultimately help accelerate our network operations and overall technology leadership."

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Together, AT&T and Tech Mahindra aim to improve the agility in rolling out and supporting networks of the future, while improving returns on investment through technology—led transformation AT&T and Tech Mahindra will integrate several world class technologies and platforms in areas like artificial intelligence, DevOps, data analytics and 5G.

CP Gumani, MD & CEO, Tech Mahindra, said, "This is a step towards elevating Tech Mahindra's long standing strategic relationship with AT&T to help make the vision of a 5G-enabled future, a reality. As part of our TechMNxt charter, Tech Mahindra is betting big on 5G network of the future, and is focused on technology-led innovation to enable digital transformation for our customers globally. "

The transformation roadmap also aims to optimize AT&T's IT application footprint by aggregating functionalities, while optimizing business processes, costs, efficiencies and overall quality.

Manish Vyas, President, Communications, Media and Entertainment Business and the CEO, Network, Tech Mahindra, said, "Our aim is to significantly boost AT&T's 5G time-to-market and simultaneously reduce their cost of ownership by automating aspects oftheir network lifecycle. We look forward to a continued strategic relationship with AT&T to drive innovation in technology and network ecosystem while delivering value and quality to our customers."

As a part of its TechMNxt charter, Tech Mahindra is focused on leveraging next gen technologies to cater to the customer's evolving and dynamic needs. As a leading

global digital transformation company, Tech Mahindra continues to deliver tangible business value and experiences to solve real business problems.

About AT&T Communications

We help family, friends and neighbors connect in meaningful ways every day, From the first phone call 140+ years ago to mobile video streaming, we innovate to improve lives. We have the nation's fastest wireless network." And according to America's biggest test, we have the nation's best wireless network."* We're building FirstNet just for first responders and creating next-generation mobile SG. With a range of TV and video products, we deliver entertainment people love to talk about. Our smart, highly secure solutions serve nearly 3 million global businesses nearly all of the Fortune 1000. And worldwide, our spirit of service drives employees to give back to their communities.

AT&T Communications is part of AT&T Inc. (NYSEzT). Learn more at att.com/CommunicationsNews,

AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Additional information about AT&T products and services is available at aboutattcom. Follow our news on Twitter at @ATT, on Facebook at facebook.comlatt and on YouTube at youtube.com/at't.

© 2019 AT&T Intellectual Property. All rights reserved. AT&T, the Globe logo and other marks are trademarks and service marks of AT&T Intellectual Property and/or AT&T affiliated companies. All other marks contained herein are the property of their respective owners.

"Based on analysis by Ookla® of Speedtest Intelligence® data average download speeds for 02 2019.

***GWS OneScore, September 2018.

About Tech Mahindra

Tech Mahindra represents the connected world, offering innovative and customercentric information technology experiences, enabling Enterprises, Associates and the Society to Risen". We are a USD 4.9 billion company with 125,700+ professionals across 90 countries, helping 941 global customers including Fortune 500 companies.

Our convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is the highest ranked Non-US. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50 companies in Asia (2018),

We are part of the USD 20.7 billion Mahindra Group that employs more than over 2,40,000 people across 100 countries, The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after market, information technology and vacation ownership.

Connect with us on www.techmahindra.com || Our Social Media Channels ems

For more information on Tech Mahindra, please contact: Tuhina Pandey, Global Corporate Communications Email: media.relations@techmahindra.com; Tuhina.PandeyQTechMahindracom