Regulatory Disclosure

Vistra ITCL (India) Limited

Plot C-22, G-Block,

Bandra Kurla Complex, Bandra (East),

Mumbai 400 051.

Phone no. : +91 22 2659 3535

Aditya Birla Finance Limited (ABFL) issues Rated, Listed, Secured, Redeemable, Principal Protected Non-Convertible Market Linked Debentures (PPMLDs).

Please review the relevant offer document / memorandum of private placement relating to the specific PPMLDs for details on the PPMLDs including their risk factors. ICRA Analytics Limited has now been appointed instead of CARE Ratings Limited (CARE) as the valuation agency for valuation of these debentures.

As per the Guidelines for Issue and Listing of Structured Products / Market Linked Debentures dated September 28, 2011 issued by SEBI and as amended from time to time, depending on the valuation agency mentioned in the offer document / memorandum of private placement / as mandated by SEBI guidelines ; latest and historical valuations provided by the valuation agent will be available as below :

CARE Ratings Limited: https://www.careratings.com/mld-valuation/Index.aspx

ICRA Analytics Limited: https://icraanalytics.com/home/MldValuation