We write to advise that the Nomination & Compensation Committee of the Company granted 4,60,950 Options on 24th October, 2019 to the eligible employees and the Directors of the Company under the ITC Employee Stock Option Scheme - 2010, as detailed below:

Number of Options granted: 4,60,950 Options, where one Option represents 10 Ordinary Shares of Re. 1/- each.
Number of Ordinary Shares covered under the Options granted: 46,09,500 Ordinary Shares of Re. 1/- each.
Vesting Period: To commence after a period of one year from the date of grant of Options and to extend up to three years from the date of grant.
Exercise Period: To commence from the date of vesting of Options and end with the expiry of five years from the date of vesting.
Exercise Price: Rs. 2,510.50 per Option, based on the 'Market Price' as defined under the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014.