General Announcement::Execution of Mutual Termination Agreement for Master Franchise Agreement for 7-Eleven stores

To,	05th October, 2021
Dept. of Corporate Services (CRD)	Listing Department
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,	Bandra Kurla Complex,
Dalal Street,	Bandra East,
Mumbai - 400 001	Mumbai - 400 051
Scrip Code: 540064	Symbol: FRETAIL
Scrip Code of Debt: 958809, 958810 & 959518
Dear Sir / Madam,

Ref. : Intimation under Regulation 30 and other applicable regulations of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations")

Sub. Execution of Mutual Termination Agreement for Master Franchise Agreement for 7-Eleven®stores

Pursuant to Regulation 30 and other applicable provisions of SEBI Listing Regulations, we would like to refer to Master Franchise Agreement dated 28th February, 2019 executed between Future7-India Convenience Limited, Company's wholly owned subsidiary ("Future-7") and 7-Eleven INC, and also executed by the Company and Future Corporate resources Private Limited ("FCRPL") as confirming party and Controlling Principal for developing and operating 7-Eleven® stores within India, is now terminated pursuant to execution of Mutual Termination Agreement ("the Agreement") executed among the Company, Future-7,7-Eleven, INC and FCRPL on 05th October, 2021.

Further, the details as required under SEBI Listing Regulations read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 09th September, 2015 with respect to agreement as executed is provided as "Annexure A" to this letter.

You are requested to kindly take the same on record and acknowledge.

Thanking you,

Yours faithfully,

For Future Retail Limited

Virendra Samani

Company Secretary

Encl. : as above.

CC:

Singapore Exchange Securities Trading Limited

2, Shenton Way, #02-02, SGX Centre 1.

Singapore - 068 804

Future Retail Limited (Formerly known as Bharti Retail Limited)

Registered Office: Knowledge House, Shyam Nagar, Off Jogeshwari Vikhroli Link Road, Jogeshwari (East), Mumbai 400 060 P [phone], F [phone], www.futureretail.co.in

CIN: L51909MH2007PLC268269

Annexure A

Details as required under SEBI Circular No. CIR/CFD/CMD/4/2015 dated 09th September, 2015 with respect to Agreement are as below:

Sl. No.	Particulars	Details
1.	Name of parties to the Agreement	Alongwith the Company, the following are the parties to
		an Agreement:
		• 7-Eleven, INC;
		• Future7-India Convenience Limited; and
		• Future Corporate Resources Private Limited.
2.	Nature of the Agreement	Mutual Termination Agreement for termination of the
		Master Franchise arrangement originally executed for
		developing and operating 7-Eleven® stores within India.
3.	Date of execution of the Agreement	05th October, 2021
4.	Details of amendment and impact thereof or	The termination has been with mutual consent as the
	reasons of termination and impact thereof.	Future-7 was not able to meet the target of opening
		stores and payment of franchisee fees.
		No financial or business impact on the Company as this
		arrangement was at subsidiary company level.

Future Retail Limited (Formerly known as Bharti Retail Limited)

Registered Office: Knowledge House, Shyam Nagar, Off Jogeshwari Vikhroli Link Road, Jogeshwari (East), Mumbai 400 060 P [phone], F [phone], www.futureretail.co.in

CIN: L51909MH2007PLC268269