08th June, 2022

To,

National Stock Exchange of India Limited

Exchange Plaza, Bandra - Kurla Complex,

Bandra (East),

Mumbai - 400 051

Symbol: FRETAIL

Kind Attention: Mr. Binoy Yohannan - Associate Vice President, Surveillance

Dear Sir,

Ref. : Your letter no. NSE/CM/Surveillance/11989 dated 07th June, 2022 received through e-mail

Sub: Clarification on query related to Increase in Volume

We refer to your above mentioned letter / email with regard to query related to significant increase in the volume of security Company across Exchanges, in the recent past.

With reference to above, please take note that Future Retail Limited ("the Company") has been following its Corporate Governance Code and practices prescribed thereunder for the purpose of intimating stock exchanges and dissemination of information, including which may be considered as price sensitive or relating to business operations of the Company.

Further, please note that all information / announcement to be provided in accordance with the requirements prescribed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, concerning matters prescribed therein are intimated pursuant to the decisions taken by the Board of Directors of the Company from time to time and as and when any reportable event takes place.

The increase in the volume of shares of the Company is purely driven by the market forces and is not within the control of the Company and we cannot comment on increase in volume of shares of the Company.

We hope this will suffice your requirements. Kindly take the same on record and acknowledge the receipt.

Thanking you,

Yours faithfully,

For Future Retail Limited

Authorised Person

Future Retail Limited (Formerly known as Bharti Retail Limited)

Registered Office: Knowledge House, Shyam Nagar, Off Jogeshwari Vikhroli Link Road, Jogeshwari (East), Mumbai 400 060 P +91 22 4055 2200, F +91 22 4055 2201, www.futureretail.co.in

CIN: L51909MH2007PLC268269

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Future Retail Ltd. published this content on 08 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 June 2022 07:51:07 UTC.