Muthoot Finance Business Overview

Ⓡ SAFETY OF OUR GOLD LOAN PORTFOLIO Lender's Perspective & Borrower's Perspective Muthoot Finance Jun-23 Mar-23 Jun-22 Mar-22 Mar-21 Mar-20 Mar-19 Mar-18 Mar-17 Mar-16 Gold Loan assets (in Billions) 660 619 562 575 519 407 336 288 272 243 Quantity of Gold content in 182 180 178 187 171 176 169 155 149 142 Ornaments held as Security (Tonnes) Gold Price/gm (*) 5,318 5,473 4,659 4,716 4,048 3,955 2,910 2,824 2,725 2,670 Lender's Perspective Market Price of Gold Content in 967 985 829 882 692 696 492 438 406 379 Ornaments (in Billions) Margin of safety on loans 32% 37% 32% 35% 25% 42% 32% 34% 33% 36% Borrower's Perspective Market Value of Gold Ornaments (* in Billions) with 20% additional value towards making charges etc 1,160 1,182 995 1,058 830 835 590 526 487 455 Equity of Borrower in the Gold Ornaments net of loans availed 43% 48% 44% 46% 37% 51% 43% 45% 44% 47% * Above calculations are made on overall portfolio and excludes interest accrued on loans 41

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