ZEE LEARN LIMITED — Capital/Financing Update 2019

Oct 23, 2019

Zee Learn Ltd... 513/A, 5th Floor, Kohinoor City, Kirol Road, Off. LBS Marg, Kurla (W), Mumbai - 400070.

P: +91 22 4034 3900 F: +91 22 2674 3422 Customer Support: +91 93200 63100

Registered Office: 135, Continental Building, Dr. Annie Besant Road, Worli, Mumbai - 400 018. CIN:L80301MH2010PLC198405

www.zeelearn.com

October 23, 2019

National Stock Exchange of India Limited BSE Limited Luxembourg Stock Exchange

BSE Scrip Code: 533287 NSE Symbol: ZEELEARN

Dear Sir,

Sub: Grant of Stock Options

This is to inform you that pursuant to the Employee Stock Option Scheme approved by the Members, the Nomination and Remuneration Committee of the Board at its meeting held on i.e October 22, 2019 has approved grant of 39,62,181 Stock Options (convertible into equivalent number of Equity Shares of Re.1/- each of the Company) in the category of Employees/ Directors.

These Stock Options have been granted at an Exercise price of Rs.18.70/- per equity share being the closing price of the equity shares of the Company on October 18, 2019 at the National Stock Exchange of India Limited, which had the highest quantity of trading in Company's shares.

We request you to take note of the above on your record and oblige.

Thanking you,

Yours faithfully, For Zee Learn Limited ule requinivi Bhautesh Shah Company Secretary UI

THINK EDUCATION. THINK ZEE LEARN.

Mount Litera School