REC: Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.

In accordance with the SEBI (LODR) Regulations 2015 we wish to inform you that REC Limited (the Company) has issued the Preliminary Note Offering Circular dated February 16 2023 in relation to proposed issuance of Notes by the Company under its existing USD 7 000 000 000 Global Medium Term Note Programme. In this regard the Company rated Baa3 (Stable)/BBB-(Stable) by Moodys/Fitch has mandated Barclays Bank PLC DBS Bank Limited MUFG Securities Asia Limited Standard Chartered Bank and State Bank of India London Branch as Joint Lead Managers and Joint Book Runners to arrange a series of fixed income investor meetings and conference calls in Asia Europe and USA commencing February 21 2023. A benchmark sized USD denominated Rule 144A / Regulation S long-term 5-year senior green notes offering (the Notes) under the Companys Global Medium Term Note Programme may follow subject to market conditions. The Notes will be issued under REC Limited Green Finance Framework.