Adani Electricity Mumbai Limited - Tender Offer - Early Tender Expiration

General Announcement:: Expiration of the Early Tender Deadline relating to the Tender Offer to the holders of its outstanding US$1000000000 3.949% Senior Secured Notes due 2030: : XS2109438205 - US00654GAA13

30 NOVEMBER 2023

Full announcement including disclaimers and offer restrictions available via SGX Group

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General Announcement:: Tender Offer to the holders of its outstanding US$1000000000 3.949% Senior Secured Notes due 2030: : XS2109438205 - US00654GAA13

14 NOVEMBER 2023

Full announcement including disclaimers and offer restrictions available via SGX Group

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***PREVIOUS ADANI OFFERS BELOW***

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General Announcement:: Adani Ports Announces the Tender Offer Results for its 3.375% Senior Notes due 2024 - ISIN - Regulation S: USY00130RW92; Rule 144A: US00652MAF95

12 OCTOBER 2023

Full announcement including disclaimers and offer restrictions available via SGX Group

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Adani Ports and Special Economic Zone Limited Commences Cash Tender Offer for up to

US$195,000,000 in aggregate principal amount of the outstanding 3.375% Senior Notes due 2024 - ISIN - Regulation S: USY00130RW92; Rule 144A: US00652MAF95

27 SEPTEMBER 2023

Full announcement including disclaimers and offer restrictions available via SGX Group

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****PREVIOUS ADANI OFFERS BELOW****

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Adani Ports and Special Economic Zone Limited Announces the Tender Offer Results as at the Early Tender Date with respect to the Tender Offer for its 3.375% Senior Notes due 2024

09 MAY 2023

Full announcement including disclaimers and offer restrictions available via SGX

"May 8, 2023, Monday, New York City Time - Adani Ports and Special Economic Zone Limited (the “Company”) hereby announces the results as of the Early Tender Date (as defined below) with respect to its previously announced offer to purchase for cash (the “Tender Offer”) up to US$130,000,000 in aggregate principal amount (the “Maximum Acceptance Amount”) of its outstanding 3.375% Senior Notes due 2024 (the “Notes”) from each registered holder (each, a “Holder” and, collectively, the “Holders”), on the terms and subject to the conditions set forth in the tender offer memorandum dated April 24, 2023 prepared in connection with the Tender Offer (as it may be amended or supplemented from time to time, the “Tender Offer Memorandum”).

Capitalized terms used and not otherwise defined in this announcement have the meanings given to them in the Tender Offer Memorandum.

Expiration of the Early Tender Date and Early Acceptance of Tendered Notes

The Early Tender Date of the Tender Offer occurred at 5:00 P.M., New York City time, on May 8, 2023 (such time and date, the “Early Tender Date”). Holders were required to validly tender (and not validly withdraw) their Notes on or prior to the Early Tender Date to be eligible to receive the Early Tender Offer Consideration (as defined below) for the Tender Offer. The consideration offered to those Holders who tendered their Notes on or prior to the Early Tender Date will be US$970 per US$1,000 principal amount of the Notes validly tendered and accepted pursuant to the Tender Offer (the “Early Tender Offer Consideration”).

According to the information provided by Morrow Sodali Ltd (the “Information and Tender Agent”), the information and tender agent for the Tender Offer , an aggregate principal amount of US$412,724,000 of the Notes had been validly tendered and not validly withdrawn pursuant to the Tender Offer as at the Early Tender Date.

Since the principal amount of Notes validly tendered and not validly withdrawn on or prior to the Early Tender Date exceeded the Maximum Acceptance Amount of US$130,000,000 in aggregate principal amount of the outstanding Notes, the Company will accept such Notes for purchase subject to the proration factor of 34.2649%. The Company will pay the Early Tender Offer Consideration for the Notes validly tendered and accepted for purchase at the Early Acceptance Date on the Early Settlement Date (as defined herein). Where the application of proration would otherwise have resulted in either (i) the Company accepting the Notes from any Holder in a principal amount of less than U.S.$200,000 or (ii) the principal amount of the Notes not purchased due to scaling being less than U.S.$200,000, the Company has elected to reject such tenders of the relevant Notes in full.

In addition, because the principal amount of Notes validly tendered and not validly withdrawn on or prior to the Early Tender Date exceeded the Maximum Acceptance Amount, the Company will not accept any Notes tendered after the Early Tender Date. Notes not accepted for purchase will be promptly credited to the account of the registered holder of such Notes with The Depository Trust Company in accordance with the Tender Offer Memorandum.

The settlement date for the Notes which were validly tendered and not validly withdrawn on or prior to the Early Tender Date and accepted for purchase is expected to be May 10, 2023 (the “Early Settlement Date”), subject to the terms and conditions described in the Tender Offer Memorandum. In addition to the Early Tender Offer Consideration, Holders will also receive accrued interest, in respect of any Notes purchased in the Tender Offer from, and including the last interest payment date to, but excluding, the Early Settlement Date.

The Company will arrange for cancelation of all Notes validly tendered and not validly withdrawn on or prior to the Early Tender Date and accepted for purchase by the Company. Further, any Notes not validly tendered or not accepted for purchase by the Company will remain outstanding and accrue interest in accordance with their terms.

Concurrently with the Early Tender Date, the withdrawal deadline for tendered Notes to be validly withdrawn (the “Withdrawal Deadline”) has also passed.

Holders are advised to read carefully the Tender Offer Memorandum, available on the Tender Offer Website, for full details of and information on the procedures for participating in the Tender Offer. "

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Adani Ports and Special Economic Zone Limited Commences Cash Tender Offer for up to US$130,000,000 in aggregate principal amount of the outstanding 3.375% Senior Notes due 2024

24 APRIL 2023

Full announcement including disclaimers and offer restrictions available via SGX

"April 24, 2023, Monday – Adani Ports and Special Economic Zone Limited (the “Company”) today announced that it has commenced a tender offer to purchase for cash (the “Tender Offer”) up to US$130,000,000 in aggregate principal amount of the outstanding 3.375% Senior Notes due 2024, CUSIP: Y00130RW9, ISIN: USY00130RW92 (Regulation S) and CUSIP: 00652MAF9, ISIN: US00652MAF95 (Rule 144A) (the “Notes”). The Tender Offer is being made pursuant to a Tender Offer Memorandum, dated April 24, 2023 (the “Tender Offer Memorandum”), which is available on the tender website (the “Tender Website”) https://projects.morrowsodali.com/adaniports.

The purpose of the Tender Offer is to partly prepay the Company’s near-term debt maturities and to convey the comfortable liquidity position of the Company.. After the successful completion of this Tender Offer, the Company expects US$520,000,000 Notes to remain outstanding (“Outstanding Notes”). Post this Tender Offer the Company intends to offer to purchase for cash approximately US$130,000,000 of the Outstanding Notes in each of the next four quarters. The Company may choose to either accelerate or defer this plan subject its own liquidity position and the market conditions, and further subject to the terms, including the pricing, to be separately announced for each of such tranches.

The Company intends to fund the Notes accepted for purchase in the Tender Offer from its cash reserves."

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