Disclosure Document For private circulation only

CIN - L17110MH1973PLC019786 Registered Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, – 400 021 Compliance Officers: K. Sethuraman and Savithri Parekh Tel: +91-22-3555 5000; Fax: +91-22-2204 2268; E-mail: [email protected]; Website: www.ril.com DISCLOSURE DOCUMENT DATED APRIL 13, 2020 Disclosure Document for issue by way of private placement by Limited (“RIL” or the “Company” or the “Issuer”) of (i) 30,000 unsecured redeemable fixed coupon, non-convertible debentures - PPD Series K1 of the face value of Rs. 10,00,000 each, with marketable lot of one, for cash aggregating to Rs. 3,000 Crore with an option to retain oversubscription up to Rs. 1,500 Crore aggregating to Rs. 4,500 Crore (“Fixed Rate Debentures” or “PPD Series K1 Debentures”); and (ii) 35,000 unsecured redeemable floating coupon, non-convertible debentures - PPD Series K2 of the face value of Rs. 10,00,000 each, with marketable lot of one, for cash aggregating to Rs.3,500 Crore with an option to retain oversubscription up to Rs. 1,000 Crore aggregating to Rs. 4,500 Crore (“Floating Rate Debentures” or “PPD Series K2 Debentures”). The Fixed Rate Debentures and Floating Rate Debentures shall collectively be referred to as “Debentures” and the issuance of Debentures shall collectively be referred to as “Issue”. The Issue would be under the electronic book mechanism for issuance of debt securities on private placement basis as per the Securities and Exchange Board of (“SEBI”) circular no. SEBI/HO/DDHS/CIR/P/2018/122 dated August 16, 2018 and any amendments thereto (“SEBI EBP Circular”) read with the “Updated Operational Guidelines for issuance of Securities on Private Placement basis through an Electronic Book Mechanism” issued by BSE vide their Notice No. 20180928-24 dated September 28, 2018 and any amendments thereto (“BSE EBP Guidelines”, together with the SEBI EBP Circular referred to as the “Operational Guidelines”). The Company intends to use the BSE BOND-EBP Platform (as defined in Section 1 titled “Definitions”) for this Issue. THIS DISCLOSURE DOCUMENT IS BEING UPLOADED ON THE BSE BOND-EBP PLATFORM TO COMPLY WITH THE OPERATIONAL GUIDELINES AND AN OFFER WILL BE MADE BY ISSUE OF THE PRIVATE PLACEMENT OFFER CUM APPLICATION LETTER (“PPOAL”) AFTER COMPLETION OF THE BIDDING PROCESS ON ISSUE / BID CLOSING DATE TO SUCCESSFUL BIDDERS IN ACCORDANCE WITH THE PROVISIONS OF THE COMPANIES ACT, 2013, AS AMENDED (THE “COMPANIES ACT”), AND RULES ISSUED THEREUNDER. This document provides disclosures in accordance with the SEBI (Issue and Listing of Debt Securities) Regulations, 2008 as amended (the “SEBI ILDS Regulations”) and provides additional disclosures in Section 4 (Additional Disclosures). The Eligible Participants (as defined in Section 1 titled “Definitions”) must evaluate the disclosures in the Disclosure Document for taking their investment decision. GENERAL RISKS

Investment in debt and debt related securities involve a degree of risk and Eligible Participants should not invest any funds in the debt instrument, unless they understand the terms and conditions of the Issue, the risk factors set out in Annexure C (Management’s Perception of Risk Factors) and can afford to take the risks attached to such investments. For taking an investment decision, Eligible Participants must rely on their own examination of the Company and the Issue including the risks involved. The Issue of the Debentures have not been recommended or approved by SEBI nor does SEBI guarantee the accuracy or adequacy of this document. Eligible Participants are advised to take an informed decision and consult their tax, legal, financial and other advisers, regarding the suitability of the Debentures in the light of their particular financial circumstances, investment objectives