The Phoenix Mills Ltd. — Capital/Financing Update 2020

Jun 29, 2020

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Corp. Office: Shree Laxmi Woolen Mills Estate, 2nd Floor, R.R. Hosiery, Off Dr. E. Moses Rd. Mahalaxmi, Mumbai - 400 011 Tel: (022) 3001 6600 Fax: (022) 3001 6601 CIN No.: L17100MH1905PLC000200

June 29, 2020

BSE Limited

Phiroze Jeejeebhoy Towers Dalal Street, Fort, Mumbai- 400 001

National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex, Bandra East, Mumbai- 400051

Security code: 503100

Symbol: PHOENIXLTD

Dear Sir(s),

- Sub: Outcome of the Board Meeting Disclosure under Regulation 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Further to our intimations dated June 20, 2020 and June 26, 2020, and pursuant to Regulation 30, 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (“Listing Regulations”) as amended, we wish to inform you that the Board of Directors of The Phoenix Mills Limited (“Company”) at their meeting held today viz. Monday, June 29, 2020, considered and approved, amongst others, the following:

• (1) Audited Standalone and Consolidated Financial Results of the Company for the quarter and year ended March 31, 2020; and

• (2) Raising of funds for an aggregate amount of up to ₹ 1,200 Crores through Rights Issue, Preferential Issue, Qualified Institutions Placement, Follow-on Public Offer, etc., or through a combination thereof, by issue of securities (equity shares, preference shares, debentures or any other convertible instruments or through combination of any of such securities), subject to requisite shareholders’/regulatory/statutory approvals.

The meeting of the Board of Directors of the Company commenced at 5:00 p.m. and concluded at 10.00 p.m.

You are requested to take the aforesaid information on record.

Thanking you,

Yours Faithfully,

For The Phoenix Mills Limited

Gajendra Digitally signed by Gajendra Mewara Mewara Date: 2020.06.29 22:02:28 +05'30' 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