UPDATER SERVICES LIMITED : CLOSURE OF STEP-DOWN SUBSIDIARIES

• Updater Services Limited's material subsidiary, Denave India Private Limited, has decided to voluntarily close its wholly owned subsidiaries, Denave Europe Limited and Denave Korea Limited. • The closures are intended to allow the group to focus on more promising opportunities. • The process will be initiated in accordance with applicable laws and regulatory requirements. • Details for Denave Europe Limited show total turnover of INR 19.23 Million and net worth of INR 18.17 Million. • Details for Denave Korea Limited show total turnover of INR 115.50 Million and net worth of INR 22.37 Million. Impact: Neutral (Administrative closure of subsidiaries with no material financial impact reported)

Updater Services Ltd

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