March 22, 2013

Suzlon Group announces the appointment of Amit Agarwal as CFO of Suzlon Energy

Pune: Suzlon Group, the world’s fifth largest wind turbine maker, today
announced that it had appointed Mr Amit Agarwal as the Chief Financial Officer
(CFO) of Suzlon Energy. He will report to the Chairman, Mr Tulsi Tanti, allowing
Mr Kirti Vagadia to focus on his role as Suzlon Group Head of Finance,
overseeing the financial performance of the Suzlon Group, which includes
REpower, our wholly-owned German subsidiary.

Mr Tulsi Tanti welcomed the announcement, saying, “We are delighted to be
bringing someone with Amit’s credentials and experience in a highly competitive
market segment as the CFO of Suzlon Energy. Amit’s previous role, as CFO of
Essar Steel, has given him rich and extremely relevant experience that I know
we will now benefit from.”

Mr Amit Agarwal said, “I have keenly followed Suzlon's journey since it was
launched nearly 20 years ago. It is a real honour to be appointed as CFO and I
look forward to supporting the Chairman, Management Team and key
stakeholders in what is clearly a challenging time for the sector.”

Notes to editors:
Mr Amit Agarwal was previously CFO of Essar Steel and, before that, CFO of
Essar’s North American operations and CFO at Arcelor Mittal Long Carbon Europe
segment. He has worked in several countries in North America & Europe, and his
experience includes corporate finance, treasury management, complex business
restructuring, financial planning, business development and strategy.

Amit is a chartered accountant by training with a commerce degree from the
University of Calcutta and a graduate of the University of Pennsylvania’s Wharton
School of Business executive program.

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