million issued by APSEZ, Offering Circular dated July 22, 2015 for notes of USD 650 million issued by APSEZ.] (E) Disclosure of legal proceedings in relation to stock manipulation Litigation Relating to Directors There are certain outstanding legal proceedings involving Mr. Gautam S. Adani. These relate to (i) a civil dispute filed by Container Corporation of India Limited seeking to restrain defendants named therein, including Adani Logistics and Mr. Gautam Adani from proceeding with a cold chain project; (ii) a criminal complaint under Sections 420 and 120B of the Indian Penal Code, 1860 was filed by the Serious Fraud Investigation Office (“SFIO”) before the learned magistrate, Ballard Pier, Mumbai against Mr. Gautam S. Adani and others on the allegation that he conspired with the other accused in relation to share prices of AEL. The learned magistrate, Ballard Pier, Mumbai discharged Mr. Gautam S. Adani on the grounds that no prima facie case was made out by the SFIO against him. However, the SFIO challenged that order before the Court of the Sessions for reater Mumbai (“Sessions Court”) by way of a criminal revision application. Further, the Sessions Court has allowed the criminal revision application and directed the parties to appear before the Additional Chief Metropolitan Magistrate for hearing (the “Impugned Order”). Subsequently, Rajesh S. Adani and Gautam S. Adani have filed a writ petition before the High Court of Judicature at Bombay (“High Court”) challenging the Impugned Order. Currently, the High Court has stayed the Impugned Order until the next hearing; (iii) the alleged violation of certain provisions of the Customs Act, 1962 relating to the import and misuse of an aircraft; and (iv) certain complaints were filed in relation to products of Adani Wilmar Limited before various forums under the Prevention of Food Adulteration Act, 1954 against Adani Wilmar Limited, its nominees, Mr. Gautam S. Adani (in his capacity as the director of Adani Wilmar Limited) and others. The matters are currently pending. [Note: Please note that similar disclosures in relation to the SFIO complaint were included in the offering circulars for Offering Circular dated January 26, 2021 for notes of USD 500 million issued by APSEZ, Offering Circular dated July 28, 2020 for notes of USD 750 million issued by APSEZ, Offering Circular dated July 16, 2019 for notes of USD 650 million issued by APSEZ.] (F) Disclosure on reason for resignation of Chief Financial Officer Mr. Deepak Maheshwari, Chief Financial Officer, has resigned due to personal reasons with effect from May 5, 2021. (VI) APSEZ Institutional Private Placement Prospectus dated June 5, 2013 Our Promoters and certain Promoter Group entities have in the past been subject to criminal litigations initiated by SEBI which were compounded pursuant to consent applications. SEBI had filed a criminal complaint against Adani Enterprises Limited, Rajeshbhai S. Adani Family Trust (represented by its trustees Rajesh S. Adani and Ms. Shilin R. Adani) and certain other Promoter roup entities (collectively the “Promoter roup Entities”) in the Court of Additional Chief Metropolitan Magistrate, Mumbai in relation to violation of various 67

Adani Response - Page 67 Adani Response Page 66 Page 68