PRICOL LIMITED : DEMERGER OF DRIVER INFORMATION & CONNECTED VEHICLE SOLUTIONS BUSINESS

• Strategic demerger to create two focused business platforms – an Automotive Technology Entity and an Automotive & Industrial Precision Engineering Entity. • Shareholders of Pricol Limited to receive 1 equity share of Pricol Autotech Limited, for every 1 equity share held in Pricol Limited. • Pricol Limited announced today that its Board of Directors has approved a scheme of arrangement to demerge its Driver Information & Connected Vehicle Solutions ('DICVS') business undertaking into Pricol Autotech Limited. • Post the demerger, Pricol Limited will continue to focus on its Actuation, Control & Fluid Management Systems (‘ACFMS') and Precision Products (‘P3L') businesses.

Pricol Ltd

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