Ion Exchange (India) Limited announced that the Company has been awarded a Contract from Maaden, Saudi Arabia, one of the biggest mining companies for setting up of Water Treatment Plant including Demineralization plant at a contract value of INR 1,200 million approx. The project is to be completed within 1 year from the date of Letter of Acceptance. Name of the entity awarding the order(s)/contract(s): Maaden, Saudi Arabia: Significant terms and conditions of order(s)/contract(s) awarded in brief The contract awarded by Maaden, Saudi Arabia for INR 1,200 million approx (as per the milestone) is to be completed in 1 year.

Whether order(s) /contract(s) have been awarded by domestic/international entity: International entity. Nature of order(s) /contract(s): Setting up of Water Treatment Plant including Demineralization plant. Whether domestic or international: International; Time period by which the order(s)/contract(s) is to be executed: 1 year; Broad consideration or size of the order(s)/contract(s): INR 1,200 million approx.