INDEGENE LTD : POSITIVE IMPACT FROM US CLASS ACTION LITIGATION SETTLEMENT

• Indegene's wholly-owned subsidiary, Indegene Inc., has substantially concluded negotiations on a definitive settlement agreement for a class-action lawsuit in the U.S. District Court, District of New Jersey. • The lawsuit relates to alleged violations of the U.S. Telephone Consumer Protection Act, 1991 (TCPA) concerning fax communications in February 2020. • The settlement framework provides for a maximum settlement fund of approximately USD 4.72 million, calculated at USD 250 per eligible fax/claim. • The settlement is on a claims-made and reversionary basis, meaning actual payments depend on the number of valid claims submitted and approved. • The settlement requires execution by parties and approval by the U.S. District Court; it does not constitute an admission of liability. • Next steps include execution, filing with the Court, preliminary approval, class notice, and final Court approval.

Indegene Limited

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