Yatra Capital : Compulsory redemption I

September 19, 2016

Return of capital by under the compulsory redemption process

Yatra Capital Limited (the "Company" or "Yatra") announces its first return of capital of approximately EUR 10 million under the compulsory redemption process, as approved by its shareholders at the last annual general meeting.

In order to effect this return of capital, the board of directors wishes to redeem a total of 1,410,437 Ordinary shares in the Company ("Ordinary shares") at the prevailing published NAV per Ordinary Share of the Company as of 31 March 2016, being EUR 7.09 per share. Subsequent to the payout to shareholders, the number of Ordinary shares in issue will fall to 3,465,217 from the current 4,875,654. Future returns of capital will be carried out at the then prevailing net asset value per share as reported to shareholders.

The expected timetable for the capital repayment is as follows: 26 September 2016: ex-date

27 September 2016: record date for the capital repayment 30 September 2016: payment date

Shareholders holding their Ordinary shares through a nominee will be informed by their respective service provider.

If the number of Ordinary shares held by any one shareholder is not exactly divisible, the number of shares redeemed will be rounded up or down, depending on the particular contractual arrangements between the bank or broker and the shareholder, in order to avoid fractional entitlements.

Enquiries to: Nplus 1 Singer Advisory LLP	James Waterlow	[phone]
(Corporate Broker)
ABN Amro Bank NV	Diederik Berend	[phone]
IL&FS Investment Advisors LLC	Vijay Ganesh	[phone]