Zee Entertainment Enterprises Ltd. — Regulatory Filings 2021

Jan 7, 2021

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January 7, 2021

The Listing Department The Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street, Fort, Bandra Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai – 400 051 BSE Scrip Code Equity : 505537 NSE Symbol : ZEEL EQ Preference : 717503 : ZEEL P2

Sub: Information under Regulation 30 – Revision in Rating

This is to inform you that Brickwork Ratings India Private Limited (‘Brickwork’) has vide its letter dated January 6, 2021, intimated the following about the Credit Rating in connection with 6% Cumulative Redeemable Non-Convertible Preference Shares & the Issuer rating.

Instrument	Previous Rating	Revised Rating
6%CumulativeRedeemableNon-ConvertiblePreferenceShares	BWR AA- (Credit WatchwithNegativeImplications)	BWR A (Credit Watch withNegative Implications)
Issuer Rating	BWR AA- (Credit WatchwithNegativeImplications)	BWR A (Credit Watch withNegative Implications)

Rating Rationale: The rating downgrade factors heightened uncertainties on contingent liabilities/claims against ZEEL causing increase in credit risk and rating concern.

This is for your information and record.

Thanking you,

Yours faithfully,

For Zee Entertainment Enterprises Limited

Digitally signed by Ashish Ramesh Agarwal Ashish DN: c=IN, o=Personal, 2.5.4.20=c6276416b6532605a26d92180b8 37caa06c03a1e9851464187872d7a66c80f Ramesh 83, postalCode=400064, st=Maharashtra, serialNumber=2d484d33b95e6004b8529e 3fc750f2413e1a7b7b01ecb532e879129f4a 45d565, cn=Ashish Ramesh Agarwal Agarwal Date: 2021.01.07 11:41:45 +05'30'

Ashish Agarwal Chief Compliance Officer & Company Secretary FCS6669

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