Outcome of board meeting of Gravita India

Held on 17 March 2016

Gravita India announced that the Board of Directors of the Company at its meeting held on 17 March 2016, has decided to disinvest the entire shareholding (76,18,800 Shares of MZN 1 per share) of Company from its subsidiary Gravita Mozambique LDA and transfer the same to step down subsidiary of the Company namely Gravita Netherlands BV for a consideration of USD 5,63,750.

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