Sterlite Power Transmission Limited Unlisted Shares

1. Pratik Agarwal-GROUP CHIEF EXECUTIVE OFFICER Mr. Pratik Agarwal is the Group Chief Executive Officer of Sterlite Power. He has held this position since June 2016; previously he was the vice-chairman of Sterlite Grid, and also Director of the Infrastructure business for the Vedanta Group. He is a Wharton graduate and an MBA from London Business School with over 10 years of experience in building core infrastructure assets in India. He founded the Group’s infrastructure business in 2009 and built it up to levels where it now has significant investments in ports, power transmission, and broadband networks. He is also the Chairman of the Electric Power Transmission Association and Transmission Task Force of FICCI. 2. Ved Mani Tiwari-CEO - GLOBAL INFRASTRUCTURE Mr. Ved Mani Tiwari has nearly three decades of experience in Senior capacities in roles of General Management, Policy Making, Program Management, and large scale Project Execution. He has worked on various positions in the Government of India, Central Public-Sector Enterprises, and the Private Sector. He is also widely recognized as an innovator. He holds a Bachelor’s Degree in Electrical Engineering from MMMUT, MBA from ISB, Hyderabad, and has done Executive Programs from Kellogg School of Management and Wharton Business School. 3. Manish Agarwal- CEO - SOLUTIONS Mr. Manish Agarwal is the CEO of Solutions business. He has close to two decades of experience in the Telecom & Energy sector in Indian & overseas markets. He is the Member of IEEMA Executive Committee. Mr. Manish has a Bachelor of Engineering degree and a Master’s degree in Business Management from Federation University, Australia. He has also pursued Executive Leadership Programs from the IIM, Ahmedabad, and ISB, Hyderabad.

Let us understand the business model of the company. a) They bid for Govt. projects to install transmission lines to provide electricity across the country. In turn, they get fixed Annual charges and variable charges for supplying electricity. The bidding of projects done at the "Tariff Based Competetive Pricing" model adopted by Govt. of India. To date, they have got 12 projects in India based on this bidding model and have successfully implemented them. b) After getting projects, they commissioned and maintain transmission lines. The availability of transmission lines is one of the key parameters that govt. looks for and put fine as well if it goes below a certain level. The Sterlite Power has a transmission line availability of 99.84%.

(Figures in Crores) Note: The Revenue of Sterlite Power for FY19-20 includes " other Income" of 2153 Crores which they got by selling transmission lines. (i) Pursuant to share purchase agreements dated April 30, 2019 executed among the Group, Axis Trustee Services Limited (Trustee to India Grid Trust) and Sterlite Investment Managers Limited (Investment Manager of India Grid Trust), the Group sold 100% stake in Sterlite Grid 2 Limited ('SGL2') and Sterlite Grid 3 Limited ('SGL3') to India Grid Trust. BY this sale Sterlite Power recognized 1633 Crores. (ii) During the year, the Sterlite Group has entered into agreement to sale its equity stake in East-North Interconnection Company limited ('ENICL') to India Grid Trust ('IGT') . Via this deal Sterlite power has gained 11 Crores. (iii) During the year, the Group has sold its equity stake in Pampa Transmissao de Energia S.A. (Formerly known as Sterlite Brasil Projetos de Transmissao de Energia S.A), Arcoverde Transmissao De Energia S.A., Brazil & Sterlite Novo Estado Energia S.A, Brazil. Consequent to this, the Group has gained of 408 Crores. Sterlite Power Annual Report 2020 Sterlite Power Annual Report 2019 Sterlite Power Annual Report 2018 Sterlite Power Annual Report 2017 Graphical Representation of Financials of Sterlite Power Transmission Limited Unlisted Shares