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Preliminary Placement Document

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Disclaimer - Important

THESE MATERIALS ARE NOT DIRECTED AT OR INTENDED TO BE ACCESSED BY PERSONS LOCATED IN THE UNITED STATES.

Please read this notice carefully - it applies to all persons who view this site.

The materials placed herein are so placed pursuant to Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, and are not intended to nor constitute an invitation to subscribe or a solicitation to offer to subscribe to the securities referred therein.

Viewing this information may not be lawful in certain jurisdictions. Only persons located outside the United States may view this information.

Unless otherwise determined by Mahindra & Mahindra Financial Services Limited (the "Company") and permitted by applicable law and regulation, it is not intended that any offering of securities by the Company would be made directly or indirectly, in or into, the United States, except pursuant to an exemption from registration as described below.

The securities being referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, or any U.S. state securities laws. Accordingly, subject to certain exceptions, such securities may not be offered, sold or otherwise transferred in or into the United States. The information and document contained behind these screens should not be viewed by any persons resident or physically located in the United States.

The placement referred to herein is being made in reliance upon Chapter VIII of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, and is meant only for qualified institutional buyers (as defined in the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended) on a private placement basis and is not an offer to the public or to any other class of investors to sell, solicit or recommend the sale or purchase of securities. The public cannot subscribe to the issue since it is a private placement.

If you are not permitted to view materials on this website or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.

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