One Nation, One Grid

Disclaimer N THIS PRESENTATION IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES OR ELSEWHERE. N By attending the meeting where this presentation is made, or by reading the presentation slides, you agree to be bound by the following limitations: N N N N N N N N This presentation has been prepared by Power Grid Corporation of India Limited (the "Company") solely for your information and for your use without regard to any specific objectives, suitability, financial situations or needs of any particular person and may not be taken away, reproduced, redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organization or firm) or published in whole or in part, for any purpose. By attending and/or reviewing this presentation, you are agreeing to be bound by the restrictions contained herein and to maintain absolute confidentiality regarding the information disclosed in these materials of the Company. This presentation is for informational purposes only and is not a solicitation of any bid from any investor. Nothing in this presentation shall constitute and/or deem to constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States and India. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. Nothing in the presentation shall constitute and/or deem to constitute an offer or invitation to an offer, to be made to the Indian public or any section thereof, and this document and its contents should not be construed to be a prospectus in India. This presentation has not been and will not be reviewed or approved by any statutory or regulatory authority in India or by any stock exchange in India. This presentation does not comply with the disclosure requirements prescribed by the SEBI or any other applicable authority in relation to a public issue of securities on the Indian stock exchanges. The information contained in these materials has not been independently verified. No representation or warranty, or undertaking or guarantee, express or implied, is or will be made as to and no reliance should be placed on the accuracy, fairness or completeness of the information, estimates, projections and opinions presented or contained in these materials. The information and opinions contained in this presentation are current, and if not stated otherwise, as of the date of this presentation. We undertake no obligation to update or revise any information or the opinions expressed in this presentation as a result of new information, future events or otherwise. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements", including those relating to the Company's general business plans, planned projects and strategy, future financial condition and growth prospects, future developments in industry and competitive and regulatory environment. Actual results may differ materially from these forward-looking statements due to a number of factors, including future changes or developments in the Company's business, competitive environment and political, economic, legal and social conditions. The Company expressly disclaims any obligation or undertaking to release any update or revisions to any forward-looking statements in this presentation as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person's directors, officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this presentation or the actual occurrence of the forecasted developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this document. This presentation is not a complete description of the Company and may not be all inclusive and may not contain all of the information that you may consider material. Except as otherwise noted, all of the information contained herein is indicative and is based on management information, current plans and estimates. Industry and market-related information is obtained or derived from industry publications and has not been verified by the Company. Any opinion, estimate or projection herein constitutes a statement as of the date of this presentation unless specified to be as of an earlier date and there can be no assurance that future results or events will be consistent with any such opinion, estimate or projection. The information presented or contained in these materials is subject to change without notice and its accuracy is not guaranteed. Any person placing reliance on the information contained in this presentation or any other communication by the Company does so at his or her own risk and neither the Company nor any of its affiliates, advisers or representatives accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this document or its contents or otherwise in connection with this document.. You acknowledge that you will be solely responsible for your own assessment of the market and the market position of the Company and the relevance and adequacy of the information contained in this presentation and that you will conduct your own analysis and independent investigation as you may consider necessary and appropriate and be solely responsible for forming your own view of the potential future performance of the business of the Company. Further, past performance is not necessarily indicative of future results. Neither the delivery of this document nor any further discussions of the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since that date. This presentation is not an offering circular, a statement in lieu of a prospectus, an offer document or a prospectus as defined under the Companies Act, 1956, as amended or replaced by the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, or any other applicable law in India. It is clarified that this presentation is not intended to be an advertisement or document inviting offers or invitations to offer or solicitations to offer from the public or any class of investors for the subscription for or sale and purchase of any securities. Nothing in this presentation is intended by the Company to be construed as legal, accounting or tax advice. N N For Financial Statements: N FY 2009- FY 2010 standalone financial numbers and FY 2011 - FY 2013 consolidated financial numbers are presented through the presentation as reported by the Company. Prior to FY 2011, the Company did not prepare consolidated financial statements. Power Grid Corporation of India Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, a further public offering of its equity shares and is in the process of filing a Red Herring Prospectus (RHP) with the Registrar of Companies. Any potential investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the RHP which will be filed with the Registrar of Companies including the section titled "Risk Factors". 'ONE NATION, ONE GRID' 1 पावरग्रिड