ADDENDUM TO TRANCHE PROSPECTUS

STATUTORY ADVERTISEMENT CUM ADDENDUM DATED FEBRUARY 7, 2023

Tranche Offer Document

MARKET LINKED DEBENTURES

Muthoot Finance Limited (“MFIN”) issued Rated, Secured, Redeemable, Non-Convertible Debentures which are Principal Protected and Market Linked (“PPMLDs”).

Please review the relevant offer document/memorandum of private placement relating to specific PPMLDs for details on the PPMLDs including their risk factors. CRISIL Limited, and ICRA Analytics Limited have been appointed as the valuation agencies for the valuation of these PPLDs.

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