Muthoot Finance Funding and Subsidiary Overview

Ⓡ SAFETY OF OUR GOLD LOAN PORTFOLIO Lender's Perspective & Borrower's Perspective Muthoot Finance Mar-22 Dec-21 Sep-21 Jun-21 Mar-21 Mar-20 Mar-19 Mar-18 Mar-17 Mar-16 Gold Loan assets (in Billions) 575 542 547 521 519 407 336 288 272 243 Quantity of Gold content in Ornaments 187 178 178 171 171 176 169 155 149 142 held as Security (Tonnes) Gold Price/gm (*) 4,716 4,404 4,200 4,283 4,048 3,955 2,910 2,824 2,725 2,670 Lender's Perspective Market Price of Gold Content in 882 784 748 732 692 696 492 438 406 379 Ornaments (in Billions) Margin of safety on loans 35% 31% 27% 29% 25% 42% 32% 34% 33% 36% Borrower's Perspective Market Value of Gold Ornaments (in Billions) with 20% additional value towards 1,058 941 898 878 830 835 590 526 487 455 making charges etc Equity of Borrower in the Gold Ornaments net of loans availed 46% 42% 39% 41% 37% 51% 43% 45% 44% 47% * Above calculations are made on overall portfolio and excludes interest accrued on loans 31

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