PNC Infratech Limited informed signing of concession agreements between National Highways Authority of India and the Special Purpose Vehicles incorporated by the Company for implementation of the following three Hybrid Annuity Mode (HAM) Highway Projects for an aggregate Bid Project Cost of INR 32,644.3 Million, on 19th July 2023: Construction of 6-lane Greenfield Varanasi - Ranchi - Kolkata Highway from junction with Chandauli - Chainpur Road near Khainti village to junction with Bhabhua - Adhaura road near Palka village for 27.0 km length (from km 27+000 to km 54+000) under Bharatmala Pariyojana in the state of Bihar on Hybrid Annuity Mode - Package 2. BID project cost INR 8,910 Million. Construction of 6-lane Greenfield Varanasi - Ranchi - Kolkata Highway from junction with Bhabhua - Adhaura Road inBhairopur village to Konki village for 36.0 km length (from km 54+000 to km 90+000) under Bharatmala Pariyojana in the state of Bihar on Hybrid Annuity Mode - Package 3, Bid project cost: INR 11,134.3Million. Construction of 6-lane Greenfield Varanasi- Ranchi Kolkata Highway from Pachmon village to Anarbansalea village (from km 116+000 to km 151+200; Length = 35.2 km), under Bharatmala Pariyojana in the state of Bihar on Hybrid Annuity Mode - Package 6, Bid project sot: INR 12,600 Million.

All the above projects are to be constructed in 24 months upon declaration of respective appointed dates and operated for 15 years, post construction.