Company Update Hutti PLs_24 04 2019

Hutti Belt Prospecting Licence (PL) Applications — Lodging of Interim Applications
with the Hon’ble Supreme Court — Update

We write to intimate that the captioned matter has been listed for admission before the Hon’ble
Supreme Court on April 26, 2019 (as Item No, 14 before Court No. 1).
By way of background and as noted in our earlier Update made on February 5, 2019, whilst the Hutti
Belt PL applications of our subsidiary Deccan Exploration Services Private Limited (DESPL) were
being processed at the offices of Department of Mines & Geology, Government of Karnataka as a
result of the favourable Supreme Court Judgment dated May 8, 2018, the pace of processing was
slow.

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