O2 Valley project updates.

CONTENTS Efforts of team O2 Tower-wise Update Tower-wise work remaining Construction Images O2 commitment - Timelines

EFFORTS OF TEAM O2 O2 Valley has been one of the fastest developed project in Greater Noida west and the quality has been given utmost importance throughout. We were the first ones to start a regular interaction with our esteemed customers in the form of Eco Updates a quarterly newsletter with all the developments happening at site and around. We have conducted surveys to examine our own conduct and also launched schemes for our existing customer base. In our journey we also faced roadblocks which hindered our pace of construction like NGT ban and few temporary supply issues of raw material.

EFFORTS OF TEAM O2 An unprecedented macro economic condition with the name of demonetization took all the industries by surprise. Real estate was effected the most because of obvious reasons. Due to demonetization, cash crunch was reported across all industries and real estate being one of the most cash intensive sectors suffered like none. Labour is one of the most important component in the construction of any project and we were not able to pay them in cash. Consequently, labour payments were effected leading to low labour count and loss in construction progress.

TOWERWISE UPDATE TOWER 15 Construction Update in March 2017 1- Structure Completed 2- Brick work up to 17th floor completed 3- Internal Plaster up to 10th floor completed 4- Flooring up to 7th floor Completed 5- Railing Fixing up to 6th Floor Completed 6- Door Frame up to 11th floor completed 7-Fire Fighting up to 3rd floor Completed 8-Internal CPVC up to 13th Floor Completed 9-Internal PVC up to 8th Floor Completed 10-Electrical Conducting up to 11th Floor completed 11-Internal Wall Putty up to 9th Floor Completed

TOWERWISE UPDATE TOWER 16 Construction Update in March 2017 1- Structure Completed 2- Brick work Completed 3- Internal Plaster up to 14th floor completed 4- Flooring up to 14th floor Completed 5- Railing Fixing up to 14th Floor Completed 6- Door Frame up to 14th floor completed 7-Fire Fighting up to 10th floor Completed 8-Internal CPVC up to 19th Floor Completed 9-Internal PVC up to 11thFloor Completed 10-Electrical Conducting up to 18th Floor Completed 11-External Plaster up to 70% Completed 12-External Paint up to 70% Completed 13-Internal Wall Putty up to 9th Floor Completed 6

TOWERWISE UPDATE TOWER 17 Construction Update in March 2017 1- Structure up to 18th Floor Completed 2- Brick work up to 14th Floor Completed 3- Internal Plaster up to 10th floor completed 4- Flooring up to 9th floor Completed 5- Railing Fixing up to 6th Floor Completed 6- Door Frame up to 10th floor completed 7-Fire Fighting up to 5th floor Completed 8-Internal CPVC up to 13th Floor Completed 9-Internal PVC up to 5th Floor Completed 10-Electrical Conducting up to 13th Floor Completed 11-Internal Wall Putty up to 8th Floor Completed

TOWERWISE UPDATE TOWER 18 Construction Update in March 2017 1- Structure Completed 2- Brick work up to 15th Floor Completed 3- Internal Plaster up to 13th floor completed 4- Flooring up to 12th floor Completed 5- Railing Fixing up to 7th Floor Completed 6- Door Frame up to 13th floor completed 7-Fire Fighting up to 6th floor Completed 8-Internal CPVC up to 15th Floor Completed 9-Internal PVC up to 5th Floor Completed 10-Electrical Conducting up to 14th Floor Completed 11-Internal Wall Putty up to 8th Floor Completed

Work remaining on Towers 15 & 16 Sr.no 1 2 3 4 5 6 7 8 9 10 11 12 Tower F15 Remaining Work Brick work - 3 Floors Internal Plaster - 10 floor Flooring - 13 Floor Railing Fixing - 14 Floor Door Frame - 9 floor fire Fighting - 17 Floor Internal CPVC - 7 Floor Internal PVC - 12 floor Electrical Conduting - 9 Floor Internal Wall putty - 11 Floor External Plaster 100% External Paint 100% Tower F16 Remaining Work Internal Plaster - 6 floor Flooring - 6 Floor Railing Fixing - 6 Floor Door Frame - 6 floor fire Fighting - 10 Floor Internal CPVC - 1 Floor Internal PVC - 12 floor Electrical Conduting - 2 Floor External Plaster 30% External Paint 30%

Work remaining on Towers 17 & 18 Sr.no 1 2 3 4 5 6 7 8 9 10 11 12 Tower F17 Remaining Work Structure - 2 Floor Brick work - 6 Floor Internal Plaster 10 floor Flooring - 11 Floor Railing Fixing - 14 Floor Door Frame - 10 floor fire Fighting - 15 Floor Internal CPVC - 7 Floor Internal PVC - 15 floor Electrical Conduting - 7 Floor Internal Wall putty - 12 Floor External Plaster 100% External Paint 100% Tower F18 Remaining Work Brick work - 5 Floor Internal Plaster 7 floor Flooring - 8 Floor Railing Fixing - 13 Floor Door Frame - 7 floor fire Fighting - 14 Floor Internal CPVC - 5 Floor Internal PVC - 5 floor Electrical Conduting - 6 Floor Internal Wall putty - 12 Floor External Plaster 100% External Paint 100%

CONSTRUCTION IMAGES

Amrapali & O2 Deliverables as per BBA As mentioned in BBA and overall understanding Amrapali is the owner and O2 is the developer in this Joint Development Agreement. Amrapali Centurian Park has defaulted against land payment. Payment of O2 Valley land from O2 to Amrapali has been transferred wholly. We are constantly perusing Amrapali to make the payment to authority asap.

Timelines Delivery Timeline 3 year + 6 months from the dt of commencement of construction. Commencement of construction dt for tower 15&16 22nd Feb 2014 Commencement of construction dt for tower 17 & 18 30th May 2014 Force Majoure Points: Sand Supply Issue, NGT Ban, Demonitization which adds upto 7 months.

Possession Timelines as per BBA O2 possession commitment - tower 15 in May. 2018 O2 possession commitment - tower 16 in May. 2018 O2 possession commitment - tower 17 in July 2018 O2 possession commitment - tower 18 in July 2018

Thank you for the patient hearing!!!