Investor Presentation May 2018

Many of our Private Brands & Segments are Category Leaders... Women's Wear 950 900 (cr.) 1,100 950 SRISHTI ATEE SA 270 QUEEN of style 440 250 220 1799 Men's Wear BRONO FUTURE RETAILI (cr.) LE 500 375 300 Brand 2 Brand 3 shyla Brand 5 DJ.C Brand 2 BUEFALO Brand 3 Brand 5 LOOK FAMOUS+ KNIGHTHODD Brand 1* Cookware TENSILS 121 100 Brand 2* ာ WB WELLBERG 750 Kids' Wear (cr.) fbb India's Fashion Bab 600 500 449 Retailer 2 Retailer 3 *Estimated Revenue through Modern Retail Note: Estimated revenue of other brands and retailers from publicly available sources. Kidswear category is compared with other retailers' FRL | Investor Presentation | May 2018 (cr.) 14

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