KDDL Buyback 2023 vs One 97 Communications Buyback

The buyback is being undertaken by the company for the following reasons:

1. The buyback will help the company to return surplus cash to its members
2. The buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base
3. The buyback gives an option to the members to participate in the buyback and sell their shares in lieu of cash or to not participate and enjoy the resultant increase in the shareholding.

The Buyback is being undertaken for the following reasons:

• The Board believes that this buyback is a sign of confidence thai the Company is on a clear path to deliver cash flow profitability, and this buy-back will not have any impact on growth plans in the near future or on its profitability plans.