Adani Australian Corporate Structure (excluding renewables companies) Version: 3.1 12/07/19 LEGEND ADANI FAMILY 62.3% 74.92% ADANI PORTS AND SPECIAL ECONOMIC ZONE LTD ATULYA RESOURCES LIMITED (Caymans) ADANI ABBOT PORT PTE LTD ADANI GLOBAL LTD (Mauritius) CARMICHAEL RAIL AND PORT SINGAPORE HOLDINGS PTE LTD ADANI MUNDRA PORT PTE LTD ABBOT POINT TERMINAL EXPANSION PTE LTD ABBOT POINT PORT HOLDINGS PTE LTD TAX HAVEN COMPANY SINGAPOREAN COMPANY Ownership AUSTRALIAN COMPANY 50% % ownership AUSTRALIAN TRUST Trustee ADANI ENTERPRISES LTD ARFT HOLDING LTD (BVI) ADANI MUNDRA PORT HOLDING PTE LTD INDIAN COMPANY ADANI GLOBAL PTE LTD ADANI GLOBAL FZE (UAE) CARMICHAEL RAIL SINGAPORE PTE LTD ADANI GLOBAL RESOURCES PTE LTD ADANI GLOBAL ROYAL HOLDINGS PTE LTD 10% 90% Subject to completion of sale ABBOT POINT OPERATIONS PTY LTD MUNDRA PORT PTY LTD MUNDRA PORT HOLDINGS PTY LTD ABBOT POINT BULKCOAL PTY LTD MUNDRA PORT HOLDINGS TRUST ADANI ABBOT POINT COMPANY PTY LTD CARMICHAEL RAIL HOLDINGS PTY LTD ADANI ABBOT POINT HOLDING TRUST ADANI AUSTRALIA COMPANY PTY LTD CARMICHAEL RAIL PTY LTD ADANI AUSTRALIA HOLDING TRUST ADANI AUSTRALIA COAL TERMINAL HOLDINGS PTY LTD ADANI AUSTRALIA COAL TERMINAL FINANCE COMPANY PTY LTD ADANI AUSTRALIA COAL TERMINAL PTY LTD ADANI ABBOT POINT TERMINAL HOLDINGS PTY LTD ADANI ABBOT POINT TERMINAL PTY LTD ADANI INFRASTRUCTURE PTY LTD CARMICHAEL RAIL AUSTRALIA LTD (BVI) ABBOT POINT PORT AUSTRALIA LTD (BVI) CARMICHAEL RAIL NETWORK HOLDINGS PTY LTD CARMICHAEL RAIL NETWORK HOLDINGS TRUST CARMICHAEL RAIL ASSET HOLDINGS TRUST CARMICHAEL RAIL NETWORK PTY LTD CARMICHAEL RAIL NETWORK TRUST ADANI MINERALS PTY LTD ADANI AUSTRALIA PTY LTD ADANI MINING PTY LTD GALILEE TRANSMISSION HOLDINGS PTY LTD GALILEE BIODIVERSITY COMPANY PTY LTD GALILEE TRANSMISSION PTY LTD THE GALILEE BASIN CONSERVATION & RESEARCH FUND QUEENSLAND RIPA HOLDINGS PTY LTD QUEENSLAND RIPA HOLDINGS TRUST QUEENSLAND RIPA PTY LTD QUEENSLAND RIPA TRUST QUEENSLAND RIPA FINANCE PTY LTD GALILEE TRANSMISSION HOLDINGS TRUST Information sourced from ASIC and ACRA registers and company documents. All ownership relationships 100% unless described. Note that voting rights do not necessarily reflect equity interest. Transparency related to trusts is limited therefore we we recognise that some trust related relationships displayed may be incorrect and/or out of date.