United Spirits Limited — Capital/Financing Update 2021

Aug 3, 2021

United Spirits Limited

Registered Office: 'UB Tower' #24, Vittal Mallya Road, Bengaluru – 560 001 Tel: +91 80 4544 8000 Fax: +91 80 3985 6862 www.diageoindia.com

3rd August 2021

BSE Limited Listing Department Dalal Street, Mumbai 400 001 Scrip Code: 532432 National Stock Exchange of India Ltd Exchange Plaza, C-1 Block G, Bandra Kurla Complex, Bandra East, Mumbai- 400051 Scrip Code: MCDOWELL-N

Dear Sirs,

Sub: Disclosure pursuant to regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

This has reference to our previous intimation dated 23rd July 2021 (copy enclosed).

We wish to inform that that the parties have completed the share transfer formalities and that the Company has received the entire consideration amount. Consequently, Hip Bar Private Limited ceases to be an associate company of the Company from today.

This is for your information & records.

Thank you.

for United Spirits Limited

MITAL ARVIND SANGHVI Digitally signed by MITAL ARVIND SANGHVI Date: 2021.08.03 22:03:41 +05'30'

Mital Sanghvi

Company Secretary

Encl: as above

United Spirits Limited

Registered Office: 'UB Tower' #24, Vittal Mallya Road, Bengaluru – 560 001 Tel: +91 80 4544 8000 Fax: +91 80 3985 6862 www.diageoindia.com

23rd July 2021

BSE Limited Listing Department Dalal Street, Mumbai 400 001 Scrip Code: 532432 National Stock Exchange of India Ltd Exchange Plaza, C-1 Block G, Bandra Kurla Complex, Bandra East, Mumbai- 400051 Scrip Code: MCDOWELL-N

Dear Sirs,

Sub: Disclosure pursuant to regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

This is to inform you that board of directors of the Company at its meeting held today has interalia approved sale of all equity shares and compulsory convertible preferential shares ("CCPS") held by the Company in Hip Bar Private Limited ('HipBar') to Mr. Prasanna Natarajan, promoter of HipBar.

Kindly note that the Company had fully impaired its aforesaid investment in the financial year 2020-2021. Consequently, the proposed divestment will not have any adverse effect on Company's performance in the current financial year.

Please find attached the relevant information as required under the aforesaid regulations.

This is for your information & records.

Thank you,

for United Spirits Limited MITAL ARVIND SANGHVI Digitally signed by MITAL ARVIND SANGHVI Date: 2021.07.23 18:05:28 +05'30'

Mital Sanghvi

Company Secretary

Board approval in relation to sale of all equity shares and CCPS held by the Company in Hip Bar Private Limited.

Board of directors of United Spirits Limited ("Company"/ "USL") in their meeting held today, has approved sale of equity shares and CCPS held in its associate company, Hip Bar Private Limited ("HipBar"), to Mr. Prasanna Natarajan for consideration of INR 52 lacs.

Upon completion of the above sale, HipBar will cease to be an associate company of USL.

Set out below are the relevant details required to be disclosed pursuant to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:

No.	Required Details	Particulars
a)	The amount and percentage of theturnover or revenue or income andnet worth contributed by such unit ordivision of the listed entity during thelast financial year	Turnover and net worth for the financial yearended March 31, 2020 of Hip Bar PrivateLimited were Rs. 50 lakhs (Rupees fifty lakhsonly) (including other income) and Rs. 776lakhs (Rupees seven crores seventy-six lakhsonly), respectively.
b)	Date on which the agreement forsale has been entered into	Board approval has been obtained today.Agreement will be entered in due course.
c)	The expected date of completion ofsale/disposal	On or before 31st October 2021
d)	Consideration received from suchsale/disposal	Upon completion of the sale, the Company willreceive INR 52 lacs.
e)	Brief details of buyers and whetherany of the buyers belong to thepromoter/promotergroup/groupcompanies. If yes, details thereof	The purchaser, Mr. Prasanna Natarajan, is nota promoter or part of the promoter group of theCompany.
f)	Whether the transaction would fallwithin related party transactions? Ifyes, whether the same is done at"arm's length"	The purchaser, Mr. Prasanna Natarajan, is nota related party of the Company, and the saledoes not constitute a related party transaction.