L&T Technology IPO Basis of Allotment

The Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ('NSE') and the BSE Limited ('BSE') and the trading will commence on September 23,2016.

PUBLIC OFFER OF 10,400,000 EQUITY SHARES OF FACE VALUE OF RS 2 EACH (THE 'EQUITY SHARES') OF L&T TECHNOLOGY SERVICES LIMITED (OUR 'COMPANY') FOR CASH AT A PRICE OF RS 860 PER EQUITY SHARE AGGREGATING TO RS 8,944 MILLION (THE 'OFFER') THROUGH AN OFFER FOR SALE BY OUR PROMOTER, LARSEN & TOUBRO LIMITED (THE 'SELLING SHAREHOLDER'). THE OFFER WOULD CONSTITUTE 10.2 % OF OUR POST-OFFER PAID-UP EQUITY SHARE CAPITAL.

Offer Price; Rs 860 per equity share of face value of Rs 2 each
Anchor Investor offer price: Rs 860 per equity share
the offer price is 430 times the face value

Risks to Investors:

I. The four Book Running Lead Managers associated with the Offer have handled 23 * public issues in the past three years out of which seven Issues closed below the issue price on listing date.
II. The Price/Earnings ratio based on consolidated diluted EPS for March 31, 2016 for the Company at the upper end of the Price Band is 26.8 as compared to the average industry peer group Price/Earnings ratio of 25.3.
III. Average cost of acquisition of Equity Shares for the Promoter is Rs 103.25 per Equity Share and the Offer Price at the upper end of the Price Band is significantly higher at Rs 860 per Equity Share
* as updated in the Prospectus.

BID/OFFER PERIOD: OPENED ON: MONDAY, SEPTEMBER 12, 2016
CLOSED ON: THURSDAY, SEPTEMBER 15, 2016
ANCHOR INVESTOR BIDDING DATE WAS: FRIDAY, SEPTEMBER 9, 2016

In terms of Rule 19(2)(iii) of the Securities Contracts (Regulation) Rules, 1957, as amended (the 'SCRR'). this is an Offer for at least 10.0% of the post-Offer paid-up equity share capital of our Company. The Offer has been made in accordance, with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2009, as amended (the 'SEBI Regulations'), through the Book Building Process wherein 50.0% of the Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs'). provided that our Company and the Selling Shareholder have allocated up to 60.0% of the QIB Portion to Anchor Investors on a discretionary basis, out of which one-third was reserved for domestic Mutual Funds only, subject to valid Bids having been reived from domestic Mutual Funds at or above the Anchor Investor Allocation price, in accordance with the SEBI Regulations. Post allocation to Anchor Investors, the QIB Portion was reduced by such number of Equity Shares. 5.0% of the QIB Portion (excluding the Anchor Investor Portion) was available for allocation on a proportionate basis to Muluel Funds only, and the remainder of the QIB Portion was available for allocation on a proportionate basis to all QIB Bidders (other then Anchor investors), including Mutual Funds, subject to valid Bids having been received at the Offer Price. Further, not loss than 15.0% of the Offer was available for allocation on a proportionate basis to Non Institutional Bidders and not less 1han 35.0% of the Offer was available for allocation to Retail Individual Bidders in accordance with the SEBI Regulations, subject to valid Bids having been received at the Offer Pnce. All potential investors, other tnan Anchor Investors, are required to mandatorily utilise the Application Supported by Blocked Amount ('ASBA') process providing details of the respective bank account which will be blocked by the Self Certified Syndicate Banks ('SCSBs'), to participate in the Offer. For details, see 'Offer Procedure' beginning on page 416 of the Prospectus

The Offer received 296,079 applications for 20,599,360 Equity Scares (prior to technical rejections) resulting in 1.98 times subscription. The details of the applications received in the Offer from various categories are as under: (before tecnnicai rejections):