Investor Presentaiton

Online Platform - Key growth driver DELTA Online gaming in India is at a nascent stage, with the size of the industry estimated at US$100-125m (1) India's online gaming market growth is driven primarily by the growth of its middle class as well as increasing internet penetration, both of which remain relatively small as compared to the standards of developed nations, but are growing rapidly • In India, card games are considered "games of skill", and can be played legally even with money and profits involved - Poker, rummy - Supreme Court and high court judgments to this effect In September 2016 Delta acquired through merger Gauss Network Private Limited, which owns the online portal "Adda52.com" Revenue of INR 626m in FY 2017, INR 400m in FY 2016, and INR 274m in 2015 Over 95% of revenue from poker, remainder from rummy millions 1500 1000 Trend in total Indian wireless subscribers 500 -5.6% 11.5% 15.0% 7.2% 6.6% 10.0% 4.2% 5.0% 0.0% -5.0% 0 -10.0% Mar-13 Mar-14 Mar-15 Mar-16 Dec-16 Mobile subscribers YoY growth (RHS) Source: Telecom Regulatory Authority of India Quarterly trend in Indian internet subscribers millions 500 6.50% 8.00% 400 4.90% 6.00% 300 3.30% 4.00% 200 1.70% 2.10% 2.30% 2.00% 100 0 0.00% Sep-15 Dec-15 Mar-16 Jun-16 Total internet subscribers Sep-16 Dec-16 - QoQ growth (RHS) Source: Telecom Regulatory Authority of India (1) Source: ICRA report 22 22

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