ISSUE OF COMMCERCIAL PAPER (CP): FORMAT OF LETTER OF OFFER PART 1 • Proposed Date Of Issue : May 31, 2021 Tenor:91 Days • Credit Rating For CP : ICRA A1+ • Date of Rating : May 10, 2021 • Validity for issuance : 3 months from the date of rating letter • Validity period for rating : December 20, 2021 • For Amount : 300 Crs • Conditions (If Any) : None

• Exact purpose Of Issue of CP : Working Capital Facility

• Credit Support (If Any) : None

• Description of Instrument : Commercial Paper

• Amount : 250,000,000/- (Twenty Five Crores Only) • Issued By : Northern Arc Capital Limited • In Favour of : HOLDERS OF CP • Net Worth of the Guarantor Company : None Names of Companies To Which Guarantor has issued similar guarantee : NA Extent of The Guarantee Offered by The Guarantor company : NA Conditions under Which the Guarantee Will be invoked : NA • Details of Current Tranche: CURRENT VALIDITY MATURITY CREDIT PERIOD ISIN NO. AMOUNT DATE RATING OF RATING CRA INE850M14AA8 250,000,000 30-08-2021 A1+ 20-12-2021 ICRA Name and Address of the Trustee : NA

• Listing:

Proposed to be listed/Unlisted: : Listed

• Issuing and Paying Agent : HDFC LIMITED

• Market Conventions : FIMMDA CONVENTIONS

• CP Borrowing Limit : 300 Crores

• Supporting Board Resolution for CP Borrowing -Resolution Dated : July 13, 2020 • Total CP outstanding (May 31, 2021) : 125 Crores

Details of CPs issued during the last 15 months: * ISIN NO. ISSUE DATE AMOUNT MATURITY DATE AMOUNT O/S IPA CRA RATING RATED AMOUNT INE850M14992 18-05-2021 250,000,000 17-08-2021 250,000,000 HDFC ICRALTD A1+ 3,000,000,000 INE850M14984 18-05-2021 300,000,000 19-07-2021 300,000,000 HDFC ICRALTD A1+ 3,000,000,000 INE850M14968 31-03-2021 250,000,000 31-05-2021 - HDFC ICRALTD A1+ 3,000,000,000 INE850M14968 30-03-2021 250,000,000 31-05-2021 - HDFC ICRALTD A1+ 3,000,000,000 INE850M14976 24-03-2021 250,000,000 20-09-2021 250,000,000 HDFC ICRALTD A1+ 3,000,000,000 INE850M14968 19-03-2021 250,000,000 31-05-2021 - HDFC ICRALTD A1+ 3,000,000,000 INE850M14950 05-03-2021 100,000,000 17-05-2021 - HDFC ICRALTD A1+ 3,000,000,000 INE850M14950 15-02-2021 200,000,000 17-05-2021 - HDFC ICRALTD A1+ 3,000,000,000 INE850M14943 09-02-2021 100,000,000 09-06-2021 100,000,000 HDFC ICRALTD A1+ 3,000,000,000 INE850M14935 09-02-2021 100,000,000 09-08-2021 100,000,000 HDFC ICRALTD A1+ 3,000,000,000 INE850M14919 23-10-2020 250,000,000 20-11-2020 - HDFC ICRALTD A1+ 3,000,000,000 INE850M14901 150,000,000 150,000,000 29-09-2020 - HDFC ICRA LTD A1+ 3,000,000,000 INE850M14893 20-07-2020 200,000,000 19-10-2020 - HDFC ICRA LTD A1+ 3,000,000,000 INE850M14885 17-03-2020 150,000,000 15-07-2020 - HDFC ICRA LTD A1+ 5,000,000,000 INE850M14877 27-09-2019 100,000,000 16-03-2020 - HDFC ICRA LTD A1+ 5,000,000,000 INE850M14869 02-04-2019 100,000,000 27-09-2019 - HDFC ICRA LTD A1+ 8,000,000,000 * Issuer’s liability under the CP will continue beyond due date, in case the CP is not redeemed on due date.

Details of other Debt Instruments Outstanding: Sanctioned ISIN Date Availed Date of Maturity O/S as on 31.03.2021 Amount INE850M07392 18-03-2021 15,00,00,000 16-09-2022 15,00,00,000 INE850M07343 18-12-2020 2,94,90,00,000 17-12-2025 2,94,90,00,000 INE850M14968 31-03-2021 25,00,00,000 31-05-2021 25,00,00,000 INE850M07251 26-06-2020 25,00,00,000 26-06-2023 25,00,00,000 INE850M07244 30-03-2020 75,00,00,000 30-03-2024 75,00,00,000 INE850M07327 30-09-2020 1,00,00,00,000 30-09-2024 1,00,00,00,000 INE850M07269 13-07-2020 50,00,00,000 13-07-2023 41,66,66,666 INE850M07335 13-11-2020 1,50,00,00,000 13-05-2022 1,50,00,00,000 INE850M07160 11-12-2018 1,00,00,00,000 11-06-2022 1,00,00,00,000 INE850M07178 20-12-2018 1,00,00,00,000 20-12-2023 85,71,42,857 INE850M07400 23-03-2021 1,80,00,00,000 23-03-2026 1,80,00,00,000 INE850M07301 14-09-2020 1,50,00,00,000 14-03-2022 1,50,00,00,000 INE850M08085 25-09-2019 30,00,00,000 25-09-2023 28,00,00,000 INE850M14968 19-03-2021 25,00,00,000 31-05-2021 25,00,00,000 INE850M07285 30-07-2020 7,50,00,000 30-04-2022 7,50,00,000 INE850M14950 05-03-2021 10,00,00,000 17-05-2021 10,00,00,000 INE850M14968 30-03-2021 25,00,00,000 31-05-2021 25,00,00,000 INE850M07384 18-03-2021 14,70,00,000 24-02-2023 14,70,00,000 INE850M07376 21-01-2021 23,20,00,000 20-01-2023 23,20,00,000 INE850M07384 25-02-2021 34,80,00,000 24-02-2023 34,80,00,000 INE850M07293 08-09-2020 50,00,00,000 08-03-2022 50,00,00,000 INE850M14950 15-02-2021 20,00,00,000 17-05-2021 20,00,00,000 INE850M14976 24-03-2021 25,00,00,000 20-09-2021 25,00,00,000 INE850M14943 09-02-2021 10,00,00,000 09-06-2021 10,00,00,000 INE850M14935 09-02-2021 10,00,00,000 09-08-2021 10,00,00,000 INE850M07350 11-12-2020 12,50,00,000 11-03-2022 12,50,00,000 INE850M07368 11-12-2020 12,50,00,000 11-06-2022 12,50,00,000 INE850M07251 26-06-2020 25,00,00,000 26-06-2023 25,00,00,000 INE850M07277 17-07-2020 50,00,00,000 17-01-2022 50,00,00,000

Bank Fund based facilities from /Financial institutions, if any: O/S as on Name of the Bank Nature of Facility Type 31.03.2021 ABFL Term Loan From Others 20,83,33,331 Secured AU SFB Term Loan From Bank 29,16,66,665 Secured Term Loan From Bank 1,00,00,00,000 Secured Axis Bank Term Loan From Bank 16,66,66,567 Secured Axis Bank Cash Credit Account 7,62,59,213 Secured Axis Bank WCDL 15,00,00,000 Secured Bajaj Finance Limited Term Loan From Others-Sub Debt 25,00,00,000 Unsecured Bajaj Finance Limited Term Loan From Others 9,99,99,977 Secured Bajaj Finance Limited Term Loan From Others 33,33,33,328 Secured Bandhan WCDL 50,00,00,000 Secured Term Loan From Bank 50,00,00,000 Secured Calvert ECB 73,03,00,000 Secured Cholamandalam Investment and Finance Term Loan From Others 1,83,51,799 Secured Cholamandalam Investment and Finance Term Loan From Others 4,45,36,201 Secured DCB WCDL 15,00,00,000 Secured Dhanlaxmi Term Loan From Bank 20,00,00,000 Secured Dhanlaxmi Cash Credit Account 90,00,000 Secured Term Loan From Bank-Sub Debt 15,00,00,000 Unsecured Federal Bank Term Loan From Bank 11,25,00,000 Secured Federal Bank Cash Credit Account 7,91,87,532 Secured Federal Bank WCDL 25,00,00,000 Secured Federal Bank WCDL 25,00,00,000 Secured Federal Bank Term Loan From Bank 50,00,00,000 Secured HDFC OD against FD 16,30,66,681 Secured Hinduja Leyland Finance Term Loan From Others 2,82,81,149 Secured Hinduja Leyland Finance Term Loan From Others 3,25,64,444 Secured Hinduja Leyland Finance Term Loan From Others 40,00,00,000 Secured IDFC First Bank Term Loan From Bank 49,99,99,997 Secured IDFC First Bank Term Loan From Bank 1,16,66,66,676 Secured IDFC First Bank Cash Credit Account 15,00,00,000 Secured Term Loan From Bank 4,80,00,000 Secured Indian Bank Term Loan From Bank 18,18,18,180 Secured Indian Bank Cash Credit Account 16,31,76,142 Secured Indian Bank WCDL 30,00,00,000 Secured Indian Bank Term Loan From Bank 29,16,66,660 Secured Indian Bank Term Loan From Bank 29,06,96,970 Secured IndusInd Bank Term Loan From Bank 6,25,00,002 Secured IndusInd Bank Term Loan From Bank 17,49,99,991 Secured

IndusInd Bank WCDL 25,00,00,000 Secured Bank Term Loan From Bank 19,92,67,512 Secured Karnataka Bank OD against FD 34,31,76,300 Secured Karnataka Bank Term Loan From Bank 30,00,00,000 Secured Term Loan From Bank 17,50,00,005 Secured Term Loan From Bank 5,00,00,000 Secured Kotak Mahindra Bank Term Loan From Bank 5,00,00,000 Secured Kotak Mahindra Bank Cash Credit Account - Secured Kotak Mahindra Bank WCDL 40,00,00,000 Secured Kotak Mahindra Bank Term Loan From Bank 40,00,00,000 Secured Nabkisan Term Loan From Others 14,99,99,999 Secured Nabsamruddhi Term Loan From Others 11,56,51,169 Secured Nabsamruddhi Term Loan From Others 5,99,94,073 Secured RBL Term Loan From Bank 16,66,66,666 Secured RBL Term Loan From Bank 8,33,33,333 Secured RBL Cash Credit Account 6,16,20,641 Secured RBL Term Loan From Bank 50,00,00,000 Secured SIDBI Term Loan From Bank 5,00,00,000 Secured Term Loan From Bank 63,63,90,909 Secured State Bank of India Term Loan From Bank 63,63,90,909 Secured State Bank of India Cash Credit Account 16,05,34,135 Secured State Bank of India WCDL 33,00,00,000 Secured State Bank of India Term Loan From Bank 2,00,00,00,000 Secured Sundaram Finance Term Loan From Others 82,78,553 Secured Sundaram Finance Term Loan From Others 11,66,49,856 Secured Sundaram Finance Term Loan From Others 18,18,19,551 Secured Sundaram Finance Term Loan From Others 38,27,85,627 Secured Suryoday Term Loan From Bank 5,66,66,668 Secured Term Loan From Bank 4,80,00,000 Secured Tata Capital Limited Term Loan From Others 5,55,55,400 Secured The Catholic Syrian Bank Limited Term Loan From Bank 37,49,00,000 Secured The Catholic Syrian Bank Limited Term Loan From Bank 35,00,00,000 Secured Ujjivan Small Finance Bank Term Loan From Bank 9,37,50,000 Secured Ujjivan Small Finance Bank Term Loan From Bank 15,00,00,000 Secured Term Loan From Bank 25,00,00,000 Secured USDFC ECB 1,84,47,50,000 Secured USDFC ECB 1,81,08,75,000 Secured Utkarsh Small Finance Bank Term Loan From Bank 10,00,00,004 Secured

Name and Address of Issuer : Northern Arc Capital Ltd 10th Floor-Phase 1, IIT- Madras Research Park, Kanagam Village, Taramani, Chennai 600113

Line of Business : NBFC-ND-SI Chief Executive (MD/President/CEO/CFO/Top Most Executive) : Dr. KSHAMA FERNANDES

Group Affiliation (If Any) : Northern Arc

FY2021-21 Q3 FINANCIAL SUMMARY FY2019-20 FY2018-19 FY2017-18 FY2016-17 EQUITY 87,79,25,000 87,47,79,000 78,36,57,000 1,13,32,94,510 1,05,09,20,230 NET WORTH 14,46,06,81,818 14,92,81,88,000 11,471,989,000 6,29,87,83,683 5,00,11,41,219 INVESTMENTS IN 4,89,80,000 4,89,80,000 14,13,18,000 12,86,79,670 12,86,79,670 SUBSIDIARIES/AFFILIATES TOTAL DEBT OUTSTANDING - SHORT TERM(< 1 YEAR) 14,22,06,63,284 13,16,05,17,000 18,14,53,15,000 16,11,06,35,597 12,35,10,28,075 - OTHER DEBT 17,54,11,51,468 16,05,02,93,000 10,78,17,44,000 12,59,36,40,151 10,94,46,71,768 GROSS INCOME 4,73,95,34,000 6,00,64,90,000 5,77,56,31,000 4,58,98,26,721 3,60,41,96,892 OPERATING PROFIT (PBDIT) 3,00,53,79,000 4,46,55,95,000 1,48,70,11,000 3,49,31,67,103 2,68,10,75,316 GROSS PROFIT (PBDT) 63,77,46,000 1,37,35,45,000 4,505,404,000 1,18,02,97,840 90,58,99,379 NET PROFIT (POST TAX) 43,64,14,000 89,61,93,000 89,35,55,000 77,41,53,316 59,46,84,095

Audit Qualifications If Any: None Material Litigation, If Any: None

Regulatory Strictures, If Any: None

Details of Default of CPs, Including Technical Delay in Redemption During Past Three Years: None

Details of Default and Delay in Redemption of Any Other Borrowings During Last Three Years: None :

Authorised Signatory of the Issuer Date : May 27, 2021

Original / Authenticated Copy Of Any Document Related To Above Information Will Be Made Available To The Investors On Request