JUBILANT LIFE SCIENCES LIMITED - Tender Offer by Jubilant Pharma Ltd, a subsidiary of Jubilant Life Sciences Ltd

Jubilant Life Sciences Ltd has informed BSE that Jubilant Pharma Limited ("JPL"), a Singapore company and wholly-owned subsidiary of Jubilant Life Sciences Limited, through Jubilant Generics Inc., a Delaware corporation and an indirect wholly-owned subsidiary of JPL, ("Jubilant Generics") has commenced a Tender Offer to acquire all outstanding shares of common stock (collectively, the "Shares") of Cadista Holdings Inc., a Delaware corporation ("Cadista"), not currently owned by JPL or its subsidiary companies (the "Tender Offer"). As of the date of this letter, JPL, through Jubilant Pharma Holdings Inc., a Delaware company and wholly-owned subsidiary of JPL, currently holds approximately 82.4% of the outstanding shares of common stock of Cadista. The Tender Offer transaction is being conducted in accordance with the federal laws of the United<br/>States and the state law of Delaware.