MAHINDRA & MAHINDRA FINANCIAL SERVICES LTD. - Certificate For The Quarter Ended 31St December, 2020 Pursuant To The SEBI Circular On Framework For Listing Of Commercial Paper Dated 22Nd October, 2019

Pursuant to SEBI Circular No. SEBI/HO/DDHS/DDHS /CIR/P/2019/115 dated 22nd October, 2019, it is hereby certified that: <BR> 1) The proceeds of the Commercial Papers issued by the Company during the quarter ended 31st December, 2020 were used for the purposes of onward lending/financing, refinancing the existing indebtedness of the Company, Operating Expenses and working capital requirements as disclosed in the Listing Document(s); and <BR> <BR> 2) The other listing conditions as specified under Annexure I of the aforesaid Circular and amendments thereof have been duly adhered to. <BR> <BR> This intimation is also being uploaded on the Company's website at https://www.mahindrafinance.com. <BR> <BR> Kindly take the same on record.