USHER AGRO LTD. - Clarification With Respect To News Article Appearing On Www.Dnaindia.Com February 3, 2019, 2019

We wish to inform you that on a written complaint filed by the IDBI Bank Limited with CBI, BS&FC, Mumbai against the Company, the CBI, BS&FC, Mumbai has registered an FIR on 04.01.2019 under Section 120-B r/w 420, 468 and 471 of IPC. Pursuant thereto, search operations were conducted by CBI at the office and plant premises of the Company. The matter is now being investigated by CBI and we are co-operating them in all respects.