General Announcement::Investment in equity share capital

Issuer & Securities

Issuer/ Manager: ULTRATECH CEMENT LIMITED
Securities: ULTRATECHUS$400M2.8%N310216A - US90403YAA73 - MTZB
ULTRATECHUS$400M2.8%N310216R - USY9048BAA18 - WQ5B
Stapled Security: No

Announcement Title: General Announcement
Date &Time of Broadcast: 10-Jul-2024 20:28:37
Status: New
Announcement Sub Title: Investment in equity share capital
Announcement Reference: SG240710OTHRJ05E
Submitted By (Co./ Ind. Name): Sanjeeb Kumar Chatterjee
Designation: Company Secretary and Compliance Officer
Description (Please provide a detailed description of the event in the box below): We refer to our letters dated 27th May, 2024 and 25th June, 2024 informing you about UltraTech Cement Middle East Investments Limited, ("UCMEIL"), the Company s wholly-owned subsidiary in UAE, partial cash offer for acquiring shares of 'Ras Al Khaimah Co. for White Cement and Construction Materials PSC', ("RAKWCT ).
As informed in the said letters, the Offer period was from 28th May 2024 upto 24th July 2024, during which UCMEIL acquired 125,039,250 shares representing 25% of the share capital of RAKWCT. In terms of local regulations, upon conclusion of the meeting of the shareholders of RAKWCT held on 9th July, 2024, the final allotment of shares in the name of UCMEIL was announced on 10th July 2024.
Together with the existing shareholding in RAKWCT, UCMEIL s aggregate shareholding in RAKWCT stands increased to 54.39%. Consequently, RAKWCT has become a subsidiary of UCMEIL with effect from 10th July, 2024.
Baker McKenzie acted as legal adviser to UCMEIL and Abu Dhabi Commercial Bank PJSC acted as sole Manager for the transaction.

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