DECLARATION BY SELLING SHAREHOLDER
Natco Pharma Limited, Time Cap Pharma Labs Private Limited, A. Raghava Reddy, Sangeeta Raju, Navdeep Patyal, R. Venkat
Reddy and K. Prakurthi acting through the undersigned, confirms and certifies that all statements and undertakings specifically
made or confirmed by them in this Prospectus about or in relation to itself, as a Selling Shareholder and its portion of the
Offered Shares, are true and correct. Each of such Selling Shareholders assumes no responsibility as a Selling Shareholder, for

any other statements, including, any of the statements made or confirmed by or relating to the Company, the Other Selling
Shareholders or any other person(s) in this Prospectus.

Signed on behalf of each of such Selling Shareholders by Gangadi Madhukar Reddy as the power of attorney holder for each
of such Selling Shareholders

Name: Gangadi Madhukar Reddy

Date: December 16, 2021

Place: Hyderabad

376
