JMG Corporation Ltd

We have received a copy of the Public Announcement from Srujan Alpha Capital Advisors LLP (Lead Manager to the Issue) in connection with the open offer made by Mr. Neerav Bairagi(Acquirer) under Regulations 3 (1) and 4 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations 2011 for acquisition of shares ofJMG Corporation Limited (Target Company).We have enclosed a copy of the Public Announcement with this letter.