Prism Johnson Completes Raheja QBE Insurance Stake Sale

Transaction Completion

The Proposed Transaction, involving the sale of the Company's entire shareholding in Raheja QBE General Insurance Company Limited to QBE Holdings (AAP) Pty Limited, was completed after the close of normal trading hours on 1 July 2026. This follows the execution of a share purchase agreement dated 2 March 2026 between Prism Johnson Limited, QBE Holdings (AAP) Pty Limited, and Raheja QBE General Insurance Company Limited.

Conditions Precedent and Approvals

The completion was subject to fulfillment of conditions precedent set out in the Share Purchase Agreement, including:

• Receipt of approval from the Insurance Regulatory and Development Authority of India (IRDAI)
• Approval from the shareholders of Prism Johnson Limited

All conditions were satisfied prior to completion.

Corporate Status Change

With effect from 1 July 2026:

• Raheja QBE General Insurance Company Limited has ceased to be a subsidiary of Prism Johnson Limited
• The joint venture between Prism Johnson Limited and Australia's QBE Group in the general insurance business in India stands terminated
• The shareholders' agreement between Prism Johnson Limited and QBE stands terminated