Announcement Under Regulation 30 (LODR) - Update On Disclosures Made By Us On July 18, 2017 And March 30, 2017 Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

• Security Code: 523405
• Company: JMFINANCIL

In continuation of our earlier letters dated July 18, 2017 and March 30, 2017 (copies enclosed for your ready reference), we wish to inform you that today JM Financial Products Limited, ('JM Financial Products'), a subsidiary of the Company, has completed the second leg of acquisition of 8,78,028 equity shares of Spandana Sphoorty Financial Limited (Spandana). With this acquisition, JM Financial Products' holding is 12.95% of the current outstanding total equity shares of Spandana and 6.47% on a fully diluted basis.