The Phoenix Mills Ltd. — Capital/Financing Update 2021

Nov 17, 2021

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�" t. THE PHOENIX MILLS LIMITED '9"

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.: L 17100MH1905PLC000200

November 17,2021

National Stock Exchange of India

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

Exchange Plaza, Bandra-Kurla Complex, Bandra East, Mumbai- 400051

Securit code: 503100 Sybol: PHOENIXLTD

Dear Sirs/Madam,

Sub: Investment by CPP Investment Board Private Holdings (4) Inc. ('CPP Investments') in Plutocrat Commercial Real Estate Private Limited (PCREPL), a wholly owned subsidi ~~a~~ of the Company

This is further to our letter dated November 15, 2021, wherein we had informed you that The Phoenix Mills Limited ('Company'), Canada Pension Plan Investment Board through its entity viz. CPP Investment Board Private Holdings (4) Inc. ('CPP Investment') and Plutocrat Commercial Real Estate Private Limited (PCREPL), a wholly owned subsidiary company, had entered into and executed Securities Subscription and Purchase Agreement ("SSP A") and Shareholders Agreement ('SHA') {collectively referred to as "Definitive Agreements"} for investment of Rs.1350 crores by CPP Investments in multiple tranches on an aggregate basis, through a combination of primary and secondary investments, subject to fulfilment of the terms and conditions contained in the Definitive Agreements.

In accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to further inform you that CPP Investments has, on November 16, 2021, completed its first tranche of investment in PCREPL on private placement basis and by way of secondary acquisition of equity shares held by the Company in PCREPL aggregating to Rs. 787 crores as per the details set out below.

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

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� .. _.1HE PHOENIX MILLS LIMITED ,_,-

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.: L 17100MH1905PLC000200

Name of the Subsidiary	Primary Issuance No.of Amount Shares (inINR) issued and allotted 5,195 749,50,00,000 Secondary Acquisition No.of Consideration Shares Amount transferred (in INR) bythe Company 260 37,50,00,000	Total Investment (inINR) 787,00,00,000
Plutocrat Commercial Real Estate Private Limited

Subsequent to the completion of first tranche of investment by CPP Investments, the Company and CPP Investments hold 64.10% and 35.90% respectively in the paid up equity share capital in PCREPL.

We request you to take the above information on record.

Thanking you,

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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