Investor Presentaiton

Max group, a leading conglomerate has a history of spotting early trends, creating iconic brands and successful businesses MAX LIFE • Entered Life insurance space in early 2000, in collaboration with one of the America's largest Life Insurer, New York Life 4th Largest Private Life Insurer with an AUM of ~ Rs 100K Crore; ~10% private market share; 37 lakhs + active customers; ~6,500 point of sales across country INSURANCE . • In 2012, Mitsui Sumitomo Insurance (world's 7th largest general insurance group), acquired New York Life's stake of 26% Current business valuation ~ Rs 35,000 Cr MAX • HEALTHCARE In 2001, Max Group ventured into Healthcare sector and opened its first healthcare facility in South Delhi & Noida 2nd Largest Private Hospital Chain; 17 facilities; ~ 3,400 Bed capacity • In 2011, Life Healthcare (2nd largest hospital chain in South Africa) onboarded as JV Partner ⚫ Business divested in 2019, Max Healthcare merged with Radiant Lifecare (entity backed by KKR) in 2020 Max Healthcare current business valuation ~ Rs 35,000 Cr . Bupa MAX HEALTH INSURANCE • In 2008, Max Group forays into Health insurance • In 2009, Bupa Plc (largest health insurer in Europe) on boarded as JV Partner to form Max Bupa Health Insurance 3rd Largest Private Standalone Health Insurer; 7 million lives covered; 34,000 agents; 7600+ network hospitals • In 2019, Max India divested its stake in Max Bupa to True North a leading Indian Private Equity firm ANTARA -Կ--1us tinul talis MAX SPECIALITY FILMS • . The only manufacturing business in the Max Group, Max Speciality Films Ltd. (MSFL) is a pioneer in Speciality BOPP films in India 3rd Largest BOPP film manufacturer with ~ 72,000 TPA capacity • In 2017, Max Group partnered with Toppan (leading global printing company based in Japan), who acquired a 49% stake in MSFL • In 2022, Max Venture divested 41% stake in MSFL received the first tranche payment of Rs 495 Cr in Q4FY22 and balance Rs 133 Cr for 10% stake is expected to be received before June 2023 Max Specialty Films business valuation ~ Rs 1,500 Cr 5 MAX LIMITED

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