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DISCLAIMER

IMPORTANT: You must read and agree with the terms and conditions of the following disclaimer before continuing.
 
The following disclaimer applies to the offer documents of NTPC Limited (“NTPC”) hosted on this web site. The offer documents have been made available on this web site in electronic form solely to comply with Regulations 60(3)(b) and 61(1) of the (Indian) Securities and Exchange Board of India (Disclosures and Investor Protection) Regulations, 2009, as amended. You are therefore advised to read this disclaimer carefully before reading, accessing or making any other use of the attached offer documents and before taking any investment decision based on the same. In accessing the offer documents, you agree to be bound by the following terms and conditions, including any modifications to them from time to time.
 
The information in this section and provided in the offer documents is directed at, and is intended for distribution to, and use by, residents of India only and not available to the residents of other jurisdictions. Residents of countries other than India are not authorized to view or use the information in this section. In accordance with restrictions imposed by law on soliciting securities business in various jurisdictions, subscription to the offering may not be permitted to residents of certain jurisdictions. Accordingly, the offering related information on this site is not available to all jurisdictions. The information is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where distribution or use of such information would be contrary to law or regulation or would subject J.P. Morgan India Private Limited or any of its affiliates (together "JPMorgan"), and directors, officers and employees of JPMorgan to any new or additional registration requirements under any law or regulation, by virtue of such distribution. You acknowledge and affirm that you have accessed the attached document on the basis that you have confirmed to JPMorgan that you are not resident in any jurisdiction or country where distribution or use of such information would be contrary to law or regulation or would subject J.P. Morgan India Private Limited or any of its affiliates (together "JPMorgan"), and directors, officers and employees of JPMorgan to any new or additional registration requirements under any law or regulation, by virtue of such distribution. Any subscription to the offering must comply with all relevant laws, rules and regulations. This is not an offer for sale, or a solicitation of an offer to buy, in the United States or to any US Person (as defined below) of any equity shares or any other securities of NTPC and the offer documents are not available to persons in the United States. You acknowledge and affirm that you have accessed the attached document on the basis that you have confirmed to JPMorgan that you are not resident in the United States nor a US Person, as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act"), nor acting for the benefit or account of a US Person. The equity shares of NTPC have not been and will not be registered under the Securities Act or the securities laws of any state of the United States. The equity shares of NTPC may not be offered or sold in the United States absent registration under the U.S. securities laws or unless exempt from registration under such laws. This does not constitute, and should not be construed as, "general solicitation or general advertising" as defined under Regulation D of the Securities Act, or "directed selling efforts" under Regulation S of the Securities Act.

JPMorgan does not accept any liability or responsibility whatsoever in respect of alterations or changes which have taken place during the course of transmission of the offer documents in electronic format. Any other information contained in, or which can be accessed via a link/hyperlink from this web site does not constitute a part of the offer documents.

The contents of the offer documents are for your information only. You are not authorized and you may not copy or duplicate all or any part of the attached offer documents in any form by any means, or redistribute it to any other person, for any purpose whatsoever. The offer documents are not to be forwarded or distributed to any other person and are not to be reproduced in any manner whatsoever, and in particular, may not be forwarded to any Person or to any address in the United States. Any such distribution, forwarding or reproduction of offer documents in whole or in part is unauthorized and JPMorgan shall not be responsible, in any way, for the same. Failure to comply with this directive may result in a violation of the Securities Act or the applicable laws of other jurisdictions. JPMorgan is not soliciting any action based on this electronic transmission, and nothing herein constitutes an offer or an invitation to subscribe for or purchase any of the securities described in the offer documents and should not be construed as such. JPMorgan does not represent that the contents of the offer documents are accurate or complete. The information contained in the offer documents has not been updated since each of the offer documents’ original publication date and may not reflect the latest updated information about NTPC or about any contents in the offer documents.
 
JPMorgan will not be responsible for any loss or damage that could result from interception by third parties of any information being made available to you through this web site. JPMorgan cannot and does not guarantee the accuracy, validity, timeliness or completeness of any information or data being made available to you for any purpose.
 
JPMorgan shall not be liable or have any responsibility of any kind for any loss or damage that you may incur in the event of any failure or disruption of this web site, or resulting from any act or omission of any other party involved in making this web site or the data contained herein available to you, or from any other cause relating to your access to, inability to access, or use of the web site or the materials contained herein.
 
Please note that forms downloaded and used for subscription to the issue in contravention of the above are liable to be rejected, with no recourse to JPMorgan or NTPC.
 

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