Nazara Technologies IPO Basis of Allotment

^ A DISCOUNT OF Rs. 110 PER EQUITY WAS OFFERED TO ELIGIBLE EMPLOYEES BIDDING IN THE EMPLOYEE RESERVATION PORTION

The Bidders should note that (a) on page 57 of the Prospectus in "The Offer" section, under 'Mutual Fund Portion (5% of the QIB Category (excluding Anchor Investor Portion))', "791,132 Equity Shares" shall be read as "79,114 Equity Shares", and (b) on page 387 of the Prospectus in "Offer Structure" section, under 'QIBs', "At least 791,132 Equity Shares" and "1,582,264 Equity Shares" shall be read as "At least 79,114 Equity Shares" and "1,503,150 Equity Shares", respectively. The Prospectus should be read with the Corrigendum to the Prospectus.

The Offer has been made through the Book Building Process, in terms of Rule 19(2)(b)(ii) of the Securities Contracts (Regulation) Rules, 1957, as amended ('SCRR') read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(2) of the SEBI ICDR Regulations wherein not less than 75% of the Net Offer was available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the "QIB Portion"), Our Company, the Promoter Selling Shareholder and the Investor Selling Shareholders in consultation with the BRLMs allocated 60% of the QIB Portion to Anchor Investors on a discretionary basis One-third of the Anchor Investor Portion was reserved for domestic Mutual Funds, subject to valid Bids having been received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price, 5% of the QIB Portion (excluding the Anchor Investor Portion) was made available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids having been received at or above the Offer Price. Further, not more than 15% of the Net Offer was made available for allocation on a proportionate basis to Non-Institutional Bidders and not more than 10% of the Net Offer was made available for allocation to RIBs in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Offer Price Further, Equity Shares were allocated on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price All Bidders (except Anchor Investors) were required to mandatorily utilised the Application Supported by Blocked Amount ("ASBA") process providing details of their respective bank account (including UPI ID for RIBs using UPI Mechanism), in which the corresponding Bid Amounts were blocked by the SCSBs or the Sponsor Bank, as applicable. Anchor Investors were not permitted to participate in the Offer through the ASBA process. For details, see "Offer Procedure" on page 390 of the Prospectus.

The bidding for Anchor Investor opened and closed on March 16, 2021. The Company received 43 applications from 24 Anchor Investors for 2,872,168 Equity Shares. The Anchor Investor Offer Price was finalized at Rs. 1101 per Equity Share. A total of 2,373,395 shares were allocated under the Anchor Investor Portion aggregating to Rs. 2,613,107,895. The Offer received 2,160,611 applications for 511,058,938 Equity Shares (prior to technical rejections) resulting in 96.5284 times subscription. The details of the applications received in the Offer from various categories are as under (before technical rejections):

Final Demand

A summary of the final demand as at different Bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being the NSE on March 24, 2021

A. Allotment to Retail Individual Bidders (After technical rejections)

The Basis of Allotment to the Retail Individual Bidders, who have placed bid at the Cut-Off Price or at the Offer Price of Rs. 1101 per Equity Share, was finalized in consultation with the NSE This category has been subscribed to the extent of 67.7605 times. The total number of Equity Shares Allotted m Retail Portion is 527,421 Equity Shares to 40,570 successful Retail Individual Bidder. The category-wise details of the Basis of Allotment are as under:

B. Allotment to Non-Institutional Bidders (After Technical Rejections)

The Basis of Allotment to the Non-Institutional Bidders, who have placed bid at the Offer Price of Rs. 1101 per Equity Share, was finalized in consultation with the NSE. The Non-Institutional Portion has been subscribed to the extent of 387.2473 times. The total number of Equity Shares Allotted in this category is 791,131 Equity Shares to 1,940 successful Non- Institutional Bidder. The category-wise details of the Basis of Allotment are as under: (Sample)

C. Allotment to Eligible Employees (After Technical Rejections)

The Basis of Allotment to the Eligible Employees, who have placed bid at Cut-off or at the Offer Price of Rs. 1101 per Equity Share (Employee Discount of 110 per Equity Share was offered to the Eligible Employees applying under Employee Reservation Portion), was finalized in consultation with the NSE. The Eligible Employee Portion has been subscribed to the extent of 1.46227 times. The total number of Equity Shares Allotted in this category is 20,181 Equity Shares to 120 successful Eligible Employees. The category-wise details of the Basis of Allotment are as under:

D. Allotment to QIBs

Allotment to QIBs, who have Bid at the Offer Price of Rs. 1101 per Equity Share or above, has been done on a proportionate basis in consultation with the NSE. This category has been subscribed to the extent of 103.9321 times of QIB Portion. As per the SEBI Regulations, Mutual Funds were Allotted 5% of the Equity Shares of QIB Portion available i.e.. 79,114 Equity Shares and other QIBs including of Mutual Funds were Allotted the remaining available Equity Shares i.e 1,503,150 Equity Shares on a proportionate basis. The total number of Equity Shares Allotted in the QIB Portion is 1,582,264 Equity Shares, which were allotted to 163 successful QIB Bidders. The category-wise details of the Basis of Allotment are as under:

E. Allotment to Anchor Investors

The Company, the Promoter Selling Shareholder and the Investor Selling Shareholders, in consultation with the BRLMs, have allocated 2,373,395 Equity Shares to 24 Anchor Investors (through 43 Applications) at the Anchor Investor Offer Price of Rs.1101 per Equity Share in accordance with the SEBI Regulations. This represents 60% of the QIB Portion

The IPO Committee of our Company on March 24, 2021 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and has allotted the Equity Shares to various successful Bidders The Allotment Advice-cum-lntimations will be emailed or dispatched to the email ID or address of the investors as registered with the depositories. Further, the instructions to the Self Certified Syndicate Banks for unblocking of funds, transfer to Public Offer Account have been issued on March 25, 2021 and payment to non- Syndicate brokers have been issued on March 25, 2021. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. The Equity Shares Allotted to the successful Allottees have been uploaded on March 25, 2021 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. Our Company is in the process of obtaining the listing and trading approval from NSE and BSE and the trading is expected to commence on March 30, 2021.

Note: All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus.

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Offer, Link Intime India Private Limited at www.linkintime.co.in

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the first/' sole Bidder, Bid cum Application Form number. Bidder DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares applied for, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF NAZARA TECHNOLOGIES LIMITED

NAZARA TECHNOLOGIES LIMITED has filed the Prospectus dated March 22, 2021 with the RoC. The Prospectus shall be available on the website of SEBI at www.sebi.gov.in, website of stock exchanges i.e. NSE at www.nseindia.com, BSE at www.bseindia.com and the website of the BRLMs, i.e. ICICI Securities Limited, IIFL Securities Limited, Jefferies India Private Limited and Nomura Financial Advisory and Securities (India) Private Limited at www.iciasecurities.com, www.iiflcap.com, www.jefferies.com and www.nomuraholdings.com/company/group/asia/india/index.html, respectively. Any potential investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, please refer to the Prospectus, including the section "Risk Facfors" on page 24 of the Prospectus. Potential investors should not rely on the DRHP filed with SEBI for making any investment decision.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("Securities Act") or any state securities laws in the United States, and unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with any applicable U S. state securities laws. The Equity Shares are being offered and sold outside the United States in offshore transactions in reliance on Regulation S and the applicable laws of each jurisdictions where such offers and sales are made There will be no public offering in the United States.