ZUARI AGRO CHEMICALS LTD. - Updates on Open Offer to the Shareholders of Mangalore Chemicals and Fertilizers

Ambit Corporate Finance Private Ltd and ICICI Securities Ltd ("Managers to the Offer"), on behalf of Zuari Fertilisers and Chemicals Ltd ("Acquirer") together with Zuari Agro Chemicals Ltd ("PAC1"), United Breweries (Holdings) Ltd ("PAC2"), Kingfisher Finvest India Ltd ("PAC3") and McDowell Holdings Ltd ("PAC4") as the persons acting in concert (Collectively, "PAC") with the Acquirer has informed this Offer Opening Public Announcement ("PA") for the attention to the Public Shareholders of Mangalore Chemicals and Fertilizers Ltd ("Target Company") for acquisition of up to 3,08,13,939 (Three Crore Eight Lakh Thirteen Thousand and Nine Hundred and Thirty Nine) fully paid-up Equity shares of face value of INR 10 (Rupees Ten) each ("Equity Shares") of Target Company, pursuant to and in compliance with Regulations 18(7) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended (SEBI (SAST) Regulations).