News Announcement

Black Box: Announcement under Regulation 30 (LODR)-Updates on Acquisition

Dear Sir/Madam,

We refer to our intimation vide letters no. AGC/SD/SE/2018/60 dated November 12, 2018, AGC/SD/SE/2018/64 dated November 23, 2018 and AGC/SD/SE/2018/70 dated December 21, 2018 with respect to the execution of merger agreements for acquisition of Black Box Corporation by AGC Networks Pte. Limited, Singapore ("AGC Singapore") wholly-owned Subsidiary of the Company.

We wish to inform you that the Company has received notice at around 21:15 Hours Indian Standard time on 7 January 2019, that newly-formed, wholly owned subsidiary of AGC Singapore has completed the acquisition of Black Box Corporation (NASDAQ: BBOX), a leading digital solutions provider, as intimated earlier in our previous filings.

We have enclosed herewith press release issued today as a Global Newswire with respect to the aforesaid completion of the acquisition.

This is for your information and necessary dissemination.

Thanking You.

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