ORIENTAL HOTELS LIMITED : AMALGAMATION SCHEME APPROVED

• The Board of Directors has approved a Scheme of Arrangement for amalgamation of Oriental Hotels Limited (OHL) with The Indian Hotels Company Limited (IHCL). • The Scheme is subject to regulatory approvals, including from the National Company Law Tribunal (NCLT) and shareholders. • The amalgamation aims to create synergies, provide access to financial resources and management expertise of IHCL, and reduce operating entities. • Upon effectiveness, IHCL will allot equity shares to OHL shareholders based on a share exchange ratio of 25 equity shares of INR 1 each in IHCL for every 117 equity shares of INR 1 each held in OHL. • Pre-scheme shareholding of OHL: Promoter & Promoter Group 68.52%, Public 31.48%; Post-scheme, OHL's shareholding will become Nil. • Pre-scheme shareholding of IHCL: Promoter & Promoter Group 38.12%, Public 61.88%; Post-scheme indicative shareholding: Promoter & Promoter Group 37.50%, Public 62.50%.

Oriental Hotels Limited

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