ADITYA BIRLA ESINEEEL sunes, 2016 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5” Foor, Dalal Street, Plot No. C/1, 6-Block, Mumbai - 400003, Bandea-Kurla Complex, Banda (Eat), Fax #022 - 2272 3121 Mumbai -400 051 Fax # 022-2659 8237/38 2659 8120 ‘Sub: Updateon our intimation dated April 20,2016 Ref: tssue of Equity shares by Aditya Birla Fashion and Retall Limited {ABERL) [Former known as Pantaloons Fashion & Retail Limited) "to the Non 7 ABN") nolging shat kept in abeyance pursvant to the Coms Dear Sirs, This is Further to our letter dated April 20,2016, wherein it was informed that FIPB/DIPP has not acceded tothe Company's request for allotment of shares under the Composite Scheme to the NAI shareholders of Aditya Birla Nuvo Limited (‘ABNL”) holding. shares on Repatriation basis ("NRE Shareholders") and the Company is evaluating several options to settle awful entitlements of such NRE Shareholders in the Company. ‘he Companyhas been advised that as per the prevailing laws), @ non-resident shareholder Is permitted to hold both NRE and NRO accounts in India. Hence, in order to settle their lawful entitlements, the Company has proposed to allot the Equity Shares on Non Repatriation basis to respective NRO Accounts (NRO Basis) of such NRE Shareholders. Letters inter ata inctuding the terms and conditions of allotment of shares to NRO Accounts (RO Basis) of such NRE Shareholders (“Sod Letter‘) along with the Consent Letters to be ‘obtained from NRE Shareholders are dspatched to the registered addresses of such NRE ‘Shareholders of Aditya Birla Nuvo Limited. Said Letter along with Consent leter also made _avalable on website ofthe Company Le, wwe abfeLcom Upon receipt ofthe consents from the NRE Shareholders and subject to relevant regulatory approvals, the Company shall forthwith commence the proces f allotting the Equity Shares Iafaston nd etal nie fone oan aan ah etnADITYA BIRLA fof the Company, a5 per the share eatitement ratio under the Composite Schame to MRO ‘ecounts of NRE Shareholders in accordance with applicable nv IF consent of any NRE shareholder, as mentioned above, is not received on o¢ before November 30, 2016, share entitlement of such NRE Sharehalder under the Composite ‘Scheme would continue to remain in abeyance, tll the time there i a favouranle change in the applicable laws. “The above s fo your information and record. ‘Thanking you, Yours faithfully, -ahion and Retail Limited Fon Asst Vice President & Company Secretary yield ny mun Pa aie tl il