STERLITE TECHNOLOGIES : CREDIT RATING UPGRADED TO AA FROM AA-

• ICRA upgraded long-term instrument rating from [ICRA]AA- (Stable) to [ICRA]AA (Stable). • The rating for short-term instruments was reaffirmed at [ICRA]A1+. • Long-term fund based working capital rated at 931.00 Cr, upgraded from AA-. • Long-term fund based term loan rated at 95.00 Cr, upgraded from AA-. • Long-term fund based term loan in Euros rated at 25.15 million Euros, upgraded from AA-. • Short-term commercial paper rated at 500.00 Cr, reaffirmed at A1+. • Short-term non-fund based rated at 3433.00 Cr, reaffirmed at A1+. • Unallocated long-term/short-term rated at 16.00 Cr, with long-term upgraded from AA-.

Sterlite Technologies Ltd

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