Certain Equity Shares of Suzlon Energy Limited are subject to a Lock-Up Agreement Ending on 13-NOV-2023. These Equity Shares will be under lockup for 91 days starting from 14-AUG-2023 to 13-NOV-2023.

Details:
Our Company acknowledges that certain Promoters and certain members of our Promoter Group have undertaken that during the period commencing on the date hereof and ending 90 days after the date of allotment of the Equity Shares issued pursuant to the Issue (the ?Promoters? Lock-up Period?), certain Promoters and certain members of our Promoter Group will not, without the prior written permission of the Lead Manager, directly or indirectly (a) sell, lend, contract to sell, any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, any Equity Shares held by certain Promoters and certain members of our Promoter Group as at the date of this Preliminary Placement Document (the ?Promoters? Lock-up Shares?), or any securities convertible into or exercisable or exchangeable for Promoters? Lock-up Shares, or file any registration statement under the Securities Act, or publicly announce an intention with respect to any of the foregoing; (b) enter into any swap or other agreement that transfers, directly or indirectly, in whole or in part, any of the economic consequences of ownership of the Promoters? Lock-up Shares or any securities convertible into or exercisable or exchangeable for the Promoters? Lock-up Shares; (c) sell, lend, contract to sell any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, any shares or interest in an entity which holds any Promoters? Lock-up Shares; or (d) publicly announce any intention to enter into any transaction whether any such transaction described in (a), (b) or (c) above is to be settled by delivery of the Promoters? Lock-up Shares, or such other securities, in cash or otherwise; provided, however, that the foregoing restrictions shall not apply to: (i) any inter-se transfer of the Promoters? Lock-up Shares among the Promoters and the members of our Promoter Group, provided that the aforementioned restrictions shall continue to apply for the remaining period to the transferee and that such transferee shall be bound by the aforementioned restrictions until the Promoters? Lock-up Period set forth above has expired; (ii) any sale, transfer or disposal of such Promoters? Lock-up Shares to the extent such sale, transfer or disposal is mandatorily required for compliance with applicable Indian law; and (iii) any sale, transfer or disposal of such Promoters? Lock-up Shares pursuant to invocation of pledge as disclosed in this Preliminary Placement Document.