STATEMENT OF SPECIAL TAX BENEFITS
REPORT ON THE STATEMENT OF POSSIBLE SPECIAL TAX BENEFITS

The Board of Directors

MedPlus Health Services Limited

H.No: 11-6-56, Survey No: 257 & 258/1,

Opposite IDPL Railway Siding,

Moosapet, Kukatpally, Balanagar, Hyderabad- 500 037

Date: December 3, 2021
Dear Sirs,

Subject: Statement of possible special tax benefits (“the Statement”) available to MedPlus Health Services Limited
(formerly known as ‘MedPlus Health Services Private Limited’) (“the Company”), shareholders (the
“Shareholders”) and it’s material subsidiary prepared in accordance with the requirement under Schedule
VI — Part A - Clause (9) (L) of Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) Regulations, 2018, as amended (“the SEBI ICDR Regulations”)

This report is issued in accordance with the engagement letter dated 30 July 2021.

We hereby report that the enclosed Annexure II prepared by the Company, initialed by us and the Company for identification
purpose, states the possible special tax benefits available to the Company, it’s Shareholders and it’s material subsidiary, which
is defined in Note 1 to Annexure | (‘Material Subsidiary’) under direct and indirect taxes as stated in Annexure I (together with
the Act, “the Tax Laws”), presently in force in India as on the signing date, which are defined in Annexure I. These possible
special tax benefits are dependent on the Company, it’s Shareholders and it’s material subsidiary fulfilling the conditions
prescribed under the relevant provisions of the Tax Laws. Hence, the ability of the Company, it’s Shareholders and it’s material
subsidiary to derive these possible special tax benefits is dependent upon their fulfilling such conditions, which is based on
business imperatives the Company and it’s material subsidiary may face in the future and accordingly, the Company, it’s
Shareholders and material subsidiary may or may not choose to fulfill.

The benefits discussed in the enclosed Annexure II cover the possible special tax benefits available to the Company, it’s
Shareholders and it’s material subsidiary and do not cover any general tax benefits available to them. We wish to highlight that
the distinction between "general' and "special' tax benefits: is not defined under the ICDR Regulations. Accordingly, we have
provided comments on those tax benefits, the availability of which is contingent to the fulfillment of certain conditions as per
the applicable tax laws. Further, the preparation of the enclosed Annexure I and Annexure II and its contents is the responsibility
of the management of the Company. We were informed that the Statement is only intended to provide general information to
the investors and is neither designed nor intended to be a substitute for professional tax advice. In view of the individual nature
of the tax consequences and the changing tax laws, each investor is advised to consult his or her own tax consultant with respect
to the specific tax implications arising out of their participation in the proposed initial public offering of equity shares of the
Company comprising a fresh issue of equity shares by the Company and an offer for sale of equity shares by certain Shareholders
(the “Proposed

Offer”) particularly in view of the fact that certain recently enacted legislation may not have a direct legal precedent or may
have a different interpretation on the possible special tax benefits, which an investor can avail. Neither are we suggesting nor
are we advising the investors to invest money based on this Statement.

We conducted our examination in accordance with the “Guidance Note on Reports or Certificates for Special Purposes (Revised
2016)” (“Guidance Note”) issued by the Institute of Chartered Accountants of India. The Guidance Note requires that we
comply with ethical requirements of the Code of Ethics issued by the Institute of Charted Accountants of India.

We have complied with the relevant applicable requirements of the Standard on Quality Control (SQC) 1, Quality Control for
Firms that Perform Audits and Reviews of Historical Financial information, and Other Assurance and Related Services
Engagements.

We do not express any opinion or provide any assurance as to whether:

i) the Company, it’s Shareholders and it’s material subsidiary will continue to obtain these possible special tax
benefits in future; or

ii) the conditions prescribed for availing the possible special tax benefits where applicable, have been/would be
met with.

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