Suzlon Energy Limited informed that the Customs Department has imposed a redemption fine and a penalty upon the Company, the details of which are as per enclosed Annexure. The Company has paid the penalty and would challenge with the appropriate authorities. Name of the authority: Office of the Commissioner of Customs, Chennai-II (Import), Custom House, Chennai; Imposition and payment of redemption fine of INR 2,500,000 and Imposition and payment of penalty of INR 125,000.

Details of the violation(s) /contravention(s) committed or alleged to be committed: Alleging incorrect availment of CVD Exemption vide Sl. No.332 of Notification No.12/2012-CE dated 17 March 2012. There is no material impact on the Company's financial, operation or other activities.

The Company shall prefer appeal against the order in due course of time.