Muthoot Finance Limited Public Issue Of Secured Redeemable & Unsecured Redeemable Non-Convertible Debentures

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1 Note: Edelweiss Broking Ltd. is a Lead Broker to the issue; accordingly, this note is prepared based on the Prospectus for informative purpose only. Issue Highlights Muthoot Finance Limited Public Issue Of Secured Redeemable & Unsecured Redeemable Non-Convertible Debentures Issue opens: Wednesday, March 25, 215 Lead Broker: Edelweiss Broking Ltd. Issue closes: Monday, April 27, 215 Allotment: Face Value: Issue Price: Nature of Instrument: First Come First Serve Basis Rs. 1 per NCD Rs.1 per NCD Secured NCD Minimum Application: 1 NCDs (Rs.1) & in multiple thereafter Maximum Application: Rs.1 Lakhs for Retail Category Listing: Rating: BSE [ICRA] AA- by ICRA Cheque in Favor of: Escrow Account Muthoot Finance NCD Public Issue. NRI S are Not Allowed to Invest Registrar: Link Intime India Private Limited Issue Size: Base Issue Size of Rs. 15 Crores with an option to retain over subscription upto Rs.15 Crores for issuance of additional Secured NCDs Unsecured NCDs aggregating to a total of upto Rs. 3 Crs. Issue Break up: Issue Size (Amt in Crs) Category Allocation Base Issue Self Limit I Institutional 5% II Non Institutional 5% III Individual 9% Total 1% 15 3 Effective Yield (p.a.): Option Monthly Annually Cumulative Tenure 2 Years 3 Years 5 years 2 Years 3 Years 5 years 4 days 2 Years 3 Years 5 years 78 Months 9.5% 9.75% 9.5% 9.75% 1.% 9.75% 9.% 9.5% 9.75% 9.5% 1.5% & III 1.25% 1.5% 1.5% 1.5% 1.75% 1.5% 9.75% 9.75% 1.5% 1.25% 1.8% Issuer Overview Muthoot Finance Limited, the largest gold loan NBFC in India in terms of loan portfolio. According to the IMaCS Research & Analytics Industry Report, Gold Loans Market in India, 212 ( IMaCS Industry Report (212) ), they were ranked the largest gold loan company in India in terms of loan portfolio. They provide personal loans business loans secured by gold jewellery, or Gold Loans, primarily to individuals who possess gold jewellery but are not able to access formal credit within a reasonable time, or to whom credit may not be available at all, to meet unanticipated or other short-term liquidity requirements. Their customers are typically small businessmen, vendors, traders, farmers salaried individuals, who for reasons of convenience, accessibility or necessity, avail of our credit facilities by pledging their gold jewellery with us rather than by taking loans from banks other financial institutions.

2 COMMON TERMS FOR ALL SERIES OF THE NCDs Issuer Lead Broker Type of Instrument Issue Face Value (Rs.) Issue Price (Rs.) Nature of Instrument Mode of Issue Minimum Application Size in multiples Listing Muthoot Finance Limited Edelweiss Broking Limited Secured Redeemable NCDs Unsecured Redeemable NCDs Public Issue by the Company of Secured NCDs Unsecured NCDs aggregating up to Rs. 1,5 million with an option to retain over subscription up to Rs. 1,5 million for issuance of additional Secured NCDs Unsecured NCDs aggregating to a total of up to Rs. 3, million. The Unsecured NCDs will be in the nature of Subordinated Debt will be eligible for Tier II capital. Rs. 1, per NCD Rs. 1, per NCD Secured & Unsecured Public issue Ten NCDs (Rs. 1,) in the multiple of One NCD thereafter BSE Rating agency ICRA Instrument Rating Date of credit Amount symbol rating letter rated [ICRA] AA March 2, 215 Rs. 3, Rating definition Instruments with this rating are considered to have high degree of Safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. Credit Rating / Rating of the Instrument NCDs including Subordinated Debt million The rating provided by ICRA may be suspended, withdrawn or revised at any time by the assigning rating agency should be evaluated independently of any other rating. These ratings are not a recommendation to buy, sell or hold securities investors should take their own decisions. Please refer to pages 338 to 343 for rating letter rationale for the above rating. Security Put/Call Option Mode of Allotment & Trading Security for the purpose of this Issue will be created in accordance with the terms of the Debenture Trust Deed. There is no put/ call option for the NCDs NCDs will be issued in both physical (to the extent permitted) as well as dematerialised form. Trading in the NCDs will however take place compulsorily in dematerialised form. Please note, however, that Applicants cannot apply for Allotment of NCDs under Options VII, VIII, IX, X XI in physical form. Deemed Date of Allotment Issue Opening Date March 25, 215 April 27, 215 Deemed Date of Allotment shall be the date as decided by the Board or the duly authorised committee of the Board constituted by resolution of the Board dated July 25, 211, as mentioned on the Allotment Advice / regret. All benefits under the NCDs including payment of interest will accrue to the NCD Holders from the Deemed Date of Allotment. Actual Allotment may occur on a date other than the Deemed Date of Allotment. Issue Closing Date Record Date The subscription list shall remain open at the commencement of banking hours close at the close of banking hours for the period as indicated, with an option for early closure or extension by such period, as may be decided by the Board or the duly authorised committee of the Board constituted by resolution of the Board dated July 25, 211. In the event of such early closure of or extension subscription list of the Issue, our Company shall ensure that notice of such early closure or extension is given to the prospective investors through an advertisement in a leading daily national newspaper on or before such earlier date or extended date of closure. Applications Forms for the Issue will be accepted only from 1: a.m. till 5. p.m. (Indian Stard Time) or such extended time as may be permitted by the BSE, on Working Days during the Issue Period. On the Issue Closing Date, Application Forms will be accepted only from 1: a.m. till 3. p.m. (Indian Stard Time) uploaded until 5. p.m. (Indian Stard Time) or such extended time as may be permitted by the BSE. The Record Date for payment of interest in connection with the NCDs or repayment of principal in connection

3 therewith shall be 15 days prior to the date on which interest is due payable, /or the date of redemption. Provided that trading in the NCDs shall remain suspended between the aforementioned Record Date in connection with redemption of NCDs the date of redemption or as prescribed by the Stock Exchange, as the case may be. In case Record Date falls on a day when Stock Exchange is having a trading holiday, the immediate subsequent trading day will be deemed as the Record Date. SPECIFIC TERMS FOR EACH SERIES OF BONDS Series I II III IV V VI VII VIII IX X XI Frequency of Interest Payment Minimum Application In Multiples of Face Value of NCDs ( Rs./ NCD) Issue Price Tenor Base Rate (% per annum) for all Category of Investors (A) Institution Non Institutiona l Individual Additional incentive on Base Rate (% per annum) on any Record Date as applicable to investors (B) Rate (Aggregate of the Base Rate the additional incentive on the Base Monthly Monthly Monthly Rs. 1, (1 NCDs) Rs. 1, (1 NCDs) Rs. 1,. NA NA NA NA NA 4 days.75%.75%.75%.75%.75%.75% NA NA NA NA NA 78

4 Rate on any Record Date as applicable to Institution Non Institutiona l Individuals Effective Yield (per annum) for Effective Yield (per annum) for investors Amount/ n Amount on for Amount/ n Amount on for n Date/ Date (from Deemed Date of Allotment) Nature of indebtedne ss 1.25% 1.5% 1.25% 1.5% 1.75% 1.5% NA NA NA NA NA 1.25% 1.5% 1.25% 1.5% 1.75% 1.5% NA NA NA NA NA 9.5% 9.75% 9.5% 9.75% 1.% 9.75% 9.% 9.5% 9.75% 9.5% 1.5% 1.25% 1.5% 1.25% 1.5% 1.75% 1.5% 9.75% 1.25% 1.5% 1.25% 1.8% Rs.1 Rs.1 Rs.1 Rs.1 Rs.1 Rs.1 Secured non convertible Rs Rs days Rs Rs Rs Rs Rs Rs Rs Rs.2 81 With respect to Options where interest is to be paid on a monthly basis, relevant interest will be calculated from the first day till the last date of every month during the tenor of such Secured NCDs, paid on the first day of every subsequent month. For the first interest payment for Secured NCDs under the monthly options, interest from the Deemed Date of Allotment till the last day of the subsequent month will be clubbed paid on the first day of the month next to that subsequent month. With respect to Options where interest is to be paid on an annual basis, relevant interest will be paid on each anniversary of the Deemed Date of Allotment on the face value of the Secured NCDs. The last interest payment under annual options will be made at the time of redemption of the Secured NCDs. Subject to applicable tax deducted at source, if any. On Options I, II III, monthly interest payment is not assumed to be reinvested for the purpose of calculation of Effective Yield (per annum)

5 WHO CAN APPLY Categories ( Institutional Portion ) ( Non-Institutional Portion ) ( Individual Category Portion ) Reservation 5 % of Overall Issue Size 5 % of Overall Issue Size 9% of Overall Issue Size Portion Public financial institutions, statutory corporations, commercial banks, cooperative banks RRBs, multilateral bilateral development financial institutions, state industrial development corporations which are authorised to invest in the Provident funds, pension funds, superannuation funds gratuity funds, which are authorised to invest in the Alternative Investment Funds, subject to investment conditions applicable to them under the Securities Exchange Board of India (Alternative Investment Funds) Regulations, 212; Insurance Companies; State industrial development corporations; Insurance funds set up managed by the army, navy, or air force of the Union of India; Insurance funds set up managed by the Department of Posts, the Union of India; National Investment Fund; Mutual Funds. Companies; bodies corporate societies registered under the applicable laws in India authorised to invest in the Public/ private charitable/ religious trusts which are authorised to invest in the Scientific /or industrial research organisations, which are authorised to invest in the Partnership firms in the name of the partners; Limited Liability Partnerships formed registered under the provisions of the Limited LiabilityPartnership Act, 28 (No. 6 of 29); Application forms available on Resident Indian individuals Hindu Undivided Families through the Karta

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