UPL Ltd.

UPL’s step down subsidiary -- UPL Global, UK has made further investment in Origeo Comercio de Produtos Agropecuarios S.A (Origeo), Brazil, a joint venture entity of the Company. The said investment was made as a part of strategic decision to support working capital requirement in order to sustain Origeo’s business growth.

UPL Global invested $22.7 million in Origeo. Subsequent to this investment UPL Global continues to hold 50% of the equity share capital of Origeo.

UPL is global player of crop protection products has customer base in many countries. It has subsidiary offices in Argentina, Australia, Bangladesh, Brazil, China, Canada, Denmark, Indonesia, France, Hong Kong, Japan, Korea, Mauritius, Mexico, New Zealand, Russia, Spain, Taiwan, South Africa, USA, UK, Vietnam and Zambia.