RENAISSANCE GLOBAL: DUBAI STEP-DOWN SUBSIDIARY ACQUIRES 20% OF NAMAN TRADING

• Renaissance Jewellery Middle East FZCO to make an initial strategic investment of 20% in Naman Trading FZC • Strategic investment provides entry into the branded jewellery market in the Middle East • Company will provide Naman with merchandising and design support, and optimize supply chain • Naman Trading FZC engaged in marketing and distribution of jewellery with annual revenue of Rs 190-200 Crore • Investment of USD $220,000 per share, with an option to acquire balance equity in a deferred manner

Renaissance Global Limited

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