This is with reference to letter dated June 09, 2023, Gati Limited have informed that the KWE Group has sold the 30% stake held in Gati-Kintetsu Express Private Limited ("GKEPL"), material subsidiary of the Company to Allcargo Logistics Limited ("Parent Company"). The transaction was completed on June 08, 2023. Pursuant to the aforesaid transaction, Mr. Yasuyuki Tani who was holding the position as Non-Executive Nominee Director on the Board of Gati Limited representing KWE Group under the investor-related provisions contained in the Articles of Association of the Company, has tendered his resignation from the position of Nominee Director from the Board of the Company with effect from June 08, 2023 along with cessation of his membership from all the committees of the Board.

Date of Cessation: June 08, 2023.