April 14, 2016

Suzlon redeems FCCBs of US$ 28.8 million

Pune, India: The Suzlon Group, one of the leading global renewable energy solutions providers in the
world, announced that it has successfully repaid in cash, Foreign Currency Convertible Bonds (“FCCBs”)
worth US$ 28.8 million (mn) in principal amount, along with the applicable 8.7% redemption premium.
This was part of the 5% April 2016 FCCB series (ISIN: XS0614325156), which have now been redeemed in
full and will cease to exist. The repayment has been made in accordance with the terms and conditions
of the FCCBs.

Mr. Kirti Vagadia, Chief Financial Officer, Suzlon Energy, said, “I am pleased to announce that we have
redeemed, in cash, US$ 28.8 mn FCCBs through internal accruals. Further, most of our remaining debt
maturity profile is back ended. This gives us sufficient headroom to meet our operations and growth

Our focused efforts towards debt reduction, liquidity optimization and business ramp up are bearing
tremendous results. There is a visible ramp up in our execution volume, order inflow and resultantly the
cash flows.

We would like to take this opportunity to thank all our stakeholders, particularly the bondholders for
their continuing support.”

Note: Suzlon had issued a 5 year FCCB series in April 2011 for US$ 175mn; having a 5% coupon and April
2016 as maturity date (“5% April 2016 FCCB series”). In July 2014, pursuant to a cashless restructuring
proposal, bondholders having FCCBs worth US$146.2mn in principal amount of the 5% April 2016 FCCB
series opted to exchange their FCCBs for a new FCCB series maturing in July 2019. The balance $28.8mn
of the 5% April 2016 FCCB series which were due in April 2016 now stand redeemed in full.

Contact Us

Dharini Mishra
Tel: +91 (20) 67025000
E-mail: ccp@suzlon.com