This is to inform you that Marico South East Asia Corporation ('MSEA'), a wholly owned subsidiary of Marico Limited, has entered into a definitive agreement to acquire 100% shares of Beauty X Joint Stock Company ('Beauty X'), an entity incorporated in Vietnam which owns the personal care brands 'Purite de Provence' and 'Oliv'. The said acquisition is subject to requisite regulatory approvals and satisfaction of various terms and conditions as specified in the definitive agreement. Accordingly, upon completion of the acquisition as aforesaid, Beauty X will become a subsidiary of MSEA and consequently a subsidiary of Marico Limited as well.