The above Statement of possible special tax benefits sets out the provisions of Tax Laws in a summary manner
only and is not a complete analysis or listing of all the existing and potential tax consequences of the purchase,
ownership and disposal of equity shares of the Company. The distinction between ‘general’ and ‘special’ tax
benefits is not clear as the said terms have not been defined under the ICDR Regulations. Accordingly, we have
provided comments on those tax benefits, the availability of which is contingent to fulfillment of certain
conditions as per the applicable tax laws.

This Statement does not discuss any tax consequences in any country outside India of an investment in the
shares of the Company. The shareholders / investors in any country outside India are advised to consult their
own professional advisors regarding possible income tax consequences that apply to them under the laws of
such jurisdiction.

The stated benefits will be available only to the sole/ first named holder in case the equity shares are held by
joint holders.

In respect of non-residents, the tax rates and the consequent taxation mentioned above will be further subject
to any benefits available under the relevant Double Taxation Avoidance Agreement, if any, between India and
the country in which the non-resident has fiscal domicile.

For AGS Transact Technologies Limited

Authorized Signatory

Place: Mumbai
Date: 18 August 2021

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