UltraTech Cement Ltd — Capital/Financing Update 2021

Oct 27, 2021

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27[th] October, 2021 BSE Limited The Manager Corporate Relationship Department Listing Department Phiroze Jeejeebhoy Towers, The National Stock Exchange of India Limited Dalal Street, “Exchange Plaza”, Bandra-Kurla Complex, Mumbai 400 001. Bandra (East), Mumbai 400 051. Tel.: 22721233/4 Tel.: 26598236 Fax: 022 2272 2039 Fax: 2659 8237 / 38. Scrip Code: 532538 Scrip Code: ULTRACEMCO

Dear Sirs,

- Sub: Grant of Stock Options UltraTech Cement Limited Employee Stock Option Scheme 2018 – Reg 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

We write to inform you that the Nomination, Remuneration and Compensation Committee of the Board of Directors of the Company (“NRC”) has granted 42,063 Stock Options, comprising of 33,525 Options and 8,538 Restricted Stock Units on 27[th] October, 2021 to eligible employees of the Company, in terms of the UltraTech Cement Limited Employee Stock Option Scheme 2018 (“the Scheme”).

The details of grant are as follows:

The details of grant are as follows:
Number of Stock Options Granted	42,063 Stock Options in aggregate, comprising of 33,525 Optionsand 8,538 Restricted Stock Units.
Whether the scheme is in terms of SEBI(SBEB)Regulations,2014(if applicable)	Yes
Vesting Period	For Options - 33% each, over 3 years. The first vesting being oncompletion of one year from date of grant.For RSUs:- 3,838 RSUs - 100% vesting at end of 3 years from date of grant.-4,700 RSUs-50% vesting each year, over 2 years.
Exercise Period	Stock Options to be exercised within 5 years from date of vesting.
Exercise Price	For Options - Rs. 7,269.10 per Option, based on the "Market Price"on 26thOctober, 2021 in accordance with applicable SEBI SBEBRegulations.For RSU- Rs.10/-per RSU.

This is for your information and records, please.

Thanking You,

Yours faithfully,

Sanjeeb Kumar Chatterjee Company Secretary

Luxembourg Stock Exchange Singapore Exchange BP 165 / L – 2011 Luxembourg 11 North Buona Vista Drive, Scrip Code: #06-07 US90403E1038 and US90403E2028 The Metropolis Tower 2, Singapore 138589 ISIN Code: US90403YAA73 and USY9048BAA18

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UltraTech Cement Limited

Registered Office : Ahura Centre, B – Wing, 2[nd] Floor, Mahakali Caves Road, Andheri (East), Mumbai 400 093, India T: +91 22 6691 7800 / 2926 7800 I F: +91 22 6692 8109 I W: www.ultratechcement.com/www.adityabirla.com I CIN : L26940MH2000PLC128420