Investor Presentaiton

& MAX INDIRED LIMITED ... Delivering 24%+ returns for its shareholders over this journey 22,500 18,000 13,500 9,000 4,500 Value creation (Cr) 24%+ returns for Max Group shareholders since inception (last 30 yrs) CAGR since inception 24% 824 CAGR 23% CAGR 18% 13,190 175 824 CAGR 14% 19,332 CAGR 19% CAGR 4,818 61% 167 5 175 1,859 698 1989 2000 2005 2011 2016 Oct'20 Dividend Paid Group market cap 865 2,034 4,993 14,014 20,156 6

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