The Phoenix Mills Ltd. — Capital/Financing Update 2020

Aug 21, 2020

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� t .. THE PHOENIX MILLS LIMITED ,.,,.

Corp. Office : Shree Laxmi Woolen Mills Estate, 2nd Floor, R.R. Hosiery, Off Dr. E. M.oses Rd. Mahalaxmi, Mumbai - 400 011 Tel : (022) 3001 6600 Fax : (022) 3001 6601 CIN No.: L 17100MH1905PLC000200

Date: August 21, 2020

The National Stock Exchange of India Limited Listing Department Exchange Plaza, Plot No. C/1, G Block, Bandra Kurla Complex, Bandra (East), Mumbai - 400051.

BSE Limited Corporate Relations Department Pheroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400001.

Symbol: PHOENIXL TD

Security Code: 503100

Dear Madam/Sir,

Sub: Qualified institutions placement of equity shares of face value of =t 2 (the "Equity Share(s)") by The Phoenix Mills Limited (the "Company") under the provisions of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the "SEBI ICDR Regulations"), and Sections 42 and 62 of the Companies Act, 2013 (including the rules made thereunder), as amended (the "Issue")

In relation to the Issue, we wish to inform you that the capital raising committee of the board of directors ("Capital Raising Committee") at its meeting held today i.e. August 21, 2020 has, inter alia, passed the resolution for approving and adopting the placement document dated August 21, 2020.

The meeting of the Capital Raising Committee commenced at 11.00 p.m. and concluded at 11.25 p.m.

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

Thanking you,

For The Phoenix Mills Limited

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Gajendra Mewara Company Secretary

Regd. Office: The Phoenix Mills Ltd., 462 Senapati Bapat Marg, Lower Parel, Mumbai 400 013. •Tel: (022[) ] 2496 4307 / 8 / 9 •Fax: (022[) ] 2493 8388 E-mail : info[@] thephoenixmills.com • www.thephoenixmills.com