Add-Shop ERetail Ltd - Declaration With Respect To Non-Applicability Of Large Entity Framework, Ref: SEBI Circular No. SEBI/HO/DDHS/CIR/P/2018/144 Dated November 26, 2018

Pursuant to SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated 26th November, 2018 for fund raising by Issuance of Debt Securities by Large Entities and compliance thereof, we confirm that Add-Shop E-Retail Limited does not fulfill the criteria of 'Large Corporate' as specified at Para 2.2 of the aforesaid circular. Please take a note of the same on your records.