SHOPPERS STOP LTD. - Updates

Sub: Allotment of 4,756,823 Equity Shares by Future Retail Ltd <BR> <BR> Please be informed that on December 1, 2017, Future Retail Ltd (Purchaser) has allotted 4,756,823 equity shares of Rs.2 each at a premium of Rs.535 per share as Share Consideration, to the Company. <BR> <BR> Further, please take note that the following Directors of Hypercity have tendered their resignation from the Board of Hypercity with immediate effect viz. Mr. Ravi Raheja, Mr. Neel Raheja, Mr. Govind Shrikhande, Mr. Deepak Ghaisas, Mr. Nitin Sanghavi, Ms. Ameesha Prabhu and Mr. B.S. Nagesh. The following persons have been appointed as Additional Directors on the Board of Hypercity viz. Mr. Chandra P. Toshniwal, Mr. Harsha Saksena, Mr. Vijai Singh Dugar and Ms. Maya Taparia. <BR> <BR> We request you to kindly take the same on records.