Nazara Technologies Ltd

We wish to inform you that Absolute Sports Private Limited (Absolute) material subsidiary of the Company has informed the Company that it has bought back 9995 (Nine Thousand Nine Hundred and Ninety Five) fully paid up equity shares of Re. 1/- (Rupee One) each at a price of Rs. 16229/- (Sixteen Thousand Two Hundred and Twenty-Nine Only) per equity share for a consideration amounting to Rs. 162208855/- (Rupees Sixteen Crores Twenty-Two Lakhs Eight Thousand Eight Hundred and Fifty-Five Only) in cash from its existing shareholders on proportionate basis who had tendered their shares in the buyback offer.