Jaiprakash Associates Limited (the 'Company')<BR> U.S.$150,000,000 5.75 per cent. Convertible Bonds due 2017 of the Company issued on 7 September 2012 (ISIN: XS0823518765) (the 'Existing Bonds')<BR> <BR> We refer to our announcement dated 15 June 2017 which related to the outcome of a meeting of the holders of the Existing Bonds (the 'Bondholders') on 15 June 2017 (the 'Meeting') convened pursuant to a notice of meeting dated 24 May 2017 (the 'Notice'), at which an extraordinary resolution (the 'Extraordinary Resolution') was approved by the Bondholders, inter alia, to: <BR>
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