Trent Ltd [Lakme Ltd] — Capital/Financing Update 2021

May 21, 2021

21[st] May 2021

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ToListing DepartmentThe National Stock Exchange of India LimitedExchange Plaza,Bandra-Kurla Complex, Bandra (East),Mumbai 400051Symbol: TRENT	ToListing DepartmentBSE LimitedPhiroze Jeejeebhoy Towers,Dalal Street,Mumbai 400001ScripCode: 500251

Dear Sir / Madam,

Sub: Credit Rating for proposed issue of Non-Convertible Debentures

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform you that CARE Ratings Limited has assigned credit rating as detailed below for the proposed issue of Non-Convertible Debentures:

Instrument	Amount( ₹ in crores)	Rating
Proposed issue ofNon-Convertible Debentures	500.00	CARE AA+; Stable

This Rating indicates high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

The said rating is in addition to the rating obtained from ICRA Limited for the proposed issue of Non-Convertible Debentures of upto ₹ 500 Crores, as informed on 18[th] May 2021.

This is for your information and records.

Thanking you,

Yours faithfully, For Trent Limited

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M. M. Surti Company Secretary

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