LARSEN & TOUBRO LIMITED

Larsen & Toubro Limited is a diversified group. Net sales (not including sold divisions) break down by activity as follows:

- engineering and construction services (52.2%): implementation of turnkey projects of transport, production units, engineering instruments, etc.;

- IT services (15.2%);

- exploration and production of hydrocarbons (12%);

- financial services (9.5%);

- development, operating and maintenance of infrastructure projects (3.3%);

- manufacturing of aerospace and defense equipment and systems (2.7%);

- development of thermal power plants and manufacturing of energy production equipment (1.6%);

- other (3.5%): manufacturing of industrial machines and products (industrial valves, welding machines, building equipment, etc.), production of concrete, real estate development, etc.

Net sales are distributed geographically as follows: India (66.9%), the United States (9.4%), Saudi Arabia (3.3%), Qatar (2.5%), United Arab Emirates (2.5%), Oman (2%), the Netherlands (1.8%) and other (11.6%).