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Acknowledgement Slip for Lead Managers/Co-Lead Managers/Lead Brokers/

Sub Brokers/Trading Members/SCSB

Application Form No.MUTHOOT FINANCE LIMITED

MUTH

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Series I II III IV V VI VII VIII IX X XIIssue Price (` / NCDs) ` 1,000.00No. of NCDs applied forAmount Payable (`)Grand Total (`)Cheque / DD/ASBA Bank A/c No. ____________________________________________________ Dated _____________________Drawn on (Names of Bank & Branch)____________________________________________________________________________

Date Stamp & Signature of Lead Managers/Lead Brokers/

Sub Brokers/Trading Members/SCSB

Name of Sole / First Applicant (Mr./Ms.)__________________________________________________________________

Acknowledgement Slip for ApplicantApplications submitted without being uploaded on the terminals of the Stock Exchanges will be rejected.

Application Form No.

All future communication in connection with this application should be addressed to the Registrar to the Issue. For details, please refer overleaf.While submitting the Application Form, the Applicant should ensure that the date stamp being put on the Application Form by the Lead Manager/Lead Brocker/Sub Brockers/Trading Members/SCSB matches with the date stamp on the Acknowledgement Slip.

TEAR HERE

(A) CHEQUE/DEMAND DRAFT (DD) in favour of Escrow Account Muthoot Finance NCD Public Issue.Cheque / DD No. Dated D D M M Y YDrawn on (Bank Name & Branch) _____________________________________

6. PAYMENT DETAILS (Please tick () any one of payment option A or B below) (Please write Sole/First Applicant Name and Phone No. on reverse side of the Cheque / DD)Amount paid (` in gures) (` in words)

(B) ASBA Bank A/c. No.ASBA A/c Holder Name_______________________________________________________(in case Applicant is different from ASBA A/c. Holder)Bank Name & Branch ________________________________________________________Please note that you cannot apply for the NCDs through the ASBA process if you wish to be Allotted the NCDs in physical form.

7A. PAN & SIGNATURE OF SOLE/ FIRST APPLICANT

7B. PAN & SIGNATURE OF SECOND APPLICANT

7C. PAN & SIGNATURE OF THIRD APPLICANT

PAN PAN PANDate _________________ Furnishing PAN is mandatory (including Minors PAN incase of application by minor). Please refer instruction no. 28 on page 11 of this Abridged Prospectus.

LEAD MANAGER/LEAD BROKERS/SUB BROKERS/ TRADING MEMBERS / SCSB BRANCHS STAMP

(Acknowledging upload of Applicationin Stock Exchange system) (Mandatory)

7D. SIGNATURE OF ASBA BANK ACCOUNT HOLDER(S) (AS PER BANK RECORDS) (FOR ASBA OPTION ONLY)I/We authorize the SCSB to do all acts as are necessary to make the Application in the Issue1

2

3

Acknowledgement is subject to relaisation of Cheque/DD/Availability at Funds in the ASBA account. Applications submitted without being uploaded on the terminals of the Stock Exchanges will be rejected.

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PUBLIC ISSUE OF SECURED AND UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES (NCDs) VIDE PROSPECTUS DATED AUGUST 31, 2015

PUBLIC ISSUE OF SECURED AND UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES (NCDs) VIDE PROSPECTUS DATED AUGUST 31, 2015

Amount Paid (` in gures)______________________ Bank & Branch ____________________________________________ Date Stamp & Signature of Escrow Bank (Mandatory)

Cheque / DD / ASBA Bank A/c No. ______________________________________________ Dated ____________________

Received from Mr./Ms.______________________________________________________________________________Telephone/Mobile ___________________________ Email ____________________________________________________

COMMON APPLICATION FORM FOR ASBA / NON ASBAMUTHOOT FINANCE LIMITED

Credit Rating: [ICRA]AA-/Stable by ICRA

Application Form No.

PUBLIC ISSUE OF SECURED AND UNSECURED REDEEMABLE NON CONVERTIBLE DEBENTURES (NCDs) VIDE PROSPECTUS DATED AUGUST 31, 2015I/We hereby con rm that I/We have read and understood the terms and conditions of this Application Form and the attached Abridged Prospectus and agree to the Applicants Undertaking as given overleaf. I/We hereby con rm that I/We have read the instructions for lling up the Application Form given overleaf.LEAD / LEAD MANAGERS /LEAD BROKERS/TRADING MEMBERS

STAMP & CODESUB-BROKER/AGENTS

STAMP & CODEESCROW BANK / SCSB

BRANCH STAMP & CODEBANK BRANCH

SERIAL NO.REGISTRARS / SCSB

SERIAL NO.DATE OF RECEIPT

APPLICATION FORM (FOR RESIDENT APPLICANTS)

*For Early Closure or extension of the Issue, please refer to page No. 21 of this Abridged Prospectus.

1. APPLICANTS DETAILS - PLEASE FILL IN BLOCK LETTERS (Please refer to instruction no. 27 of this Abridged Prospectus)First Applicant (Mr./ Ms.)

Date of Birth D D M M Y Y Y Y Name of Guardian (if applicant is minor) (Mr./ Ms.)

Address __________________________________________________________________________________________________________________________Pin Code (compulsory)_________________ Tel. No. (with STD Code) / Mobile ________________________ Email _____________________________________Second Applicant (Mr./ Ms.)

Third Applicant (Mr./ Ms.)

2. INVESTOR CATEGORY (Pls. refer overleaf) Category I Category II Category III Sub Category Code (Pls. refer overleaf)

3. IN CASE OF APPLICATION IN DEMATERIALISED FORM, PLEASE PROVIDE APPLICANTS DEPOSITORY DETAILS For NSDL enter 8 digit DP ID followed by 8 digit Client ID / For CDSL enter 16 digit Client ID

NSDL / CDSL

ISSUE OPENS ON : SEPTEMBER 07, 2015ISSUE CLOSES ON* : OCTOBER 07, 2015

4. IN CASE OF APPLICATION TO HOLD THE NCDs IN PHYSICAL FORM, PLEASE PROVIDE FOLLOWING DETAILS (Please enclose self attested copies of the KYC Documents along with the Application Form. For list of KYC documents, please refer overleaf)NOMINATION (Please refer to page No. 20 of this Abridged Prospectus)Name of the Nominee : ____________________________________________If Nominee is Minor, Guardians Name : _______________________________

Bank Details for payment of Refund / Interest / Maturity Amount (Mandatory)Bank Name : ________________________________ Branch: ______________________MICR Code : ________________ A/c. No.: ___________________ IFSC Code : _______________

To,The Board of Directors,MUTHOOT FINANCE LIMITED

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5. INVESTMENT DETAILS (For details, please refer Issue Structure overleaf) Applicants cannot apply for Allotment of NCDs under Options VII, VIII, IX, X and XI in physical form. Options I II III IV V VI VII VIII IX X XIFrequency of Interest Payment Monthly* Monthly* Monthly* Annually** Annually** Annually** NA NA NA NA NAMinimum Application ` 10,000 (10 NCDs) (for all options of NCDs, either taken individually or collectively)Issue Price / Face Value (` / NCD) ` 1,000.00 ` 1,000.00 ` 1,000.00 ` 1,000.00 ` 1,000.00 ` 1,000.00 ` 1,000.00 ` 1,000.00 ` 1,000.00 ` 1,000.00 ` 1,000.00Tenor from Deemed Date of Allotment 24 months 36 months 60 months 24 months 36 months 60 months 400 days 24 months 36 months 60 months 84 monthsBase Coupon Rate (% per annum) for Category I, II & III 9.00% 9.25% 8.75% 9.25% 9.50% 9.00% N.A. N.A. N.A. N.A. N.A.Additional incentive on Base Coupon Rate (% per annum) for category II & III 0.75% 0.75% 0.75% 0.75% 0.75% 0.75% N.A. N.A. N.A. N.A. N.A.Aggregate Coupon for Category II & III 9.75% 10.00% 9.50% 10.00% 10.25% 9.75% N.A. N.A. N.A. N.A. N.A.Effective Yield (Per annum) Category I 9.00% 9.25% 8.75% 9.25% 9.50% 9.00% 8.50% 9.00% 9.25% 8.75% 9.66%Effective Yield (Per annum) Category II & III 9.75% 10.00% 9.50% 10.00% 10.25% 9.75% 9.25% 9.75% 10.00% 9.50% 10.41%Amount (` / NCD) on Maturity Category I ` 1,000 ` 1,000 ` 1,000 ` 1,000 ` 1,000 ` 1,000 ` 1,093.84 ` 1,188.10 ` 1,303.96 ` 1,521.06 ` 1,906.94Amount (` / NCD) on Maturity Category II & III ` 1,000 ` 1,000 ` 1,000 ` 1,000 ` 1,000 ` 1,000 ` 1,102.19 ` 1,204.51 ` 1,331.00 ` 1,574.24 ` 2,000No. of NCDs appliedAmount Payable (`)Grand Total Total No. of NCDs: Total Amount Payable:*Our Company would allot Option IV Secured NCDs to all valid applications, wherein the applicants have selected only Secured NCDs, but have not indicated their choice of the relevant options of the Secured NCDs. Our Company would allot Option XI Unsecured NCDs to all valid applications, wherein the applicants have selected only Unsecured NCDs. Our Company would allot Option IV Secured NCDs to all valid applications, wherein the applicants have neither selected Secured NCDs nor Unsecured NCDs.

23/13116-31

38326190

38326190

38326190

2 MUTHOOT FINANCE LIMITED

IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS

In case of queries related to allotment/ credit of Allotted NCD/Refund, the Applicants should contact Registrar to the Issue.

In case of ASBA Application submitted to the SCSBs, the Applicants should contact the relevant SCSB.

In case of queries related to upload of ASBA Aapplications submitted to the Lead Managers/Lead Brokers/Sub Brokers/Trading Members Applicants should contact the relevant Lead Managers/Lead Brokers/Sub Brokers/Trading Members.

The grievance arising out of Applications for NCDs made through Trading Members may be addressed directly to BSE.

COMPANY CONTACT DETAILS REGISTRAR CONTACT DETAILSMUTHOOT FINANCE LIMITED, (CIN: L65910KL1997PLC011300)Registered and Corporate Of ce: Muthoot Chambers, Opposite Saritha Theatre Complex, 2nd Floor, Banerji Road, Kochi 682 018, India.Tel: (91 484) 239 4712; Fax: (91 484) 239 6506 Website: www.muthoot nance.com; Email: ncd@muthootgroup.com. Company Secretary and Compliance Of cer: Maxin James; Tel.: (91 484) 353 5533; Fax: (91 484) 239 6506 E-mail: cs@muthootgroup.com

LINK INTIME INDIA PRIVATE LIMITEDC-13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup (West) Mumbai 400 078, India. Tel: (91 22) 2596 7878; Fax: (91 22) 2596 0329; Email: m 13.ncd@linkintime.co.inInvestor Grievance Email: m 13.ncd@linkintime.co.inWebsite: www.linkintime.co.in;Contact Person: Dinesh YadavSEBI Registration No.: INR000004058

APPLICANTS UNDERTAKINGI/We hereby agree and con rm that:1. I/We have read, understood and agreed to the contents and terms and conditions of MUTHOOT FINANCE LIMITED Prospectus dated August 31, 2015 (Prospectus).2 I/We hereby apply for allotment of the NCDs to me/us and the amount payable on application is remitted herewith.3. I/We hereby agree to accept the NCDs applied for or such lesser number as may be allotted to me/us in accordance with the contents of the Prospectus subject to applicable statutory and/or regulatory requirements.4. I/We irrevocably give my/our authority and consent to IDBI TRUSTEESHIP SERVICES LIMITED, to act as my/our trustees and for doing such acts as are necessary to carry out their duties in such capacity.5. I am/We are Indian National(s) resident in India and I am/ we are not applying for the said NCDs as nominee(s) of any person resident outside India and/or Foreign National(s).6. The application made by me/us do not exceed the investment limit on the maximum number of NCDs which may be held by me/us under applicable statutory and/or regulatory requirements.7. In making my/our investment decision I/We have relied on my/our own examination of the Issuer and the terms of the Issue, including the merits and risks involved and my/our decision to make this application is solely based on disclosures

contained in the Prospectus.8. I/We have obtained the necessary statutory and/or regulatory permissions/approvals for applying for, subscribing to, and seeking allotment of the NCDs applied for.9. Additional Undertaking, in case of ASBA Applicants: 1) I/We hereby undertake that I/We am/are an ASBA Applicant(s) as per applicable provisions of the SEBI Regulations; 2) In accordance with ASBA process provided in the SEBI Regulations and disclosed in the Prospectus, I/We

authorize (a) the Lead Managers/Lead Brokers/Sub Brokers and Trading Members (in Speci ed cities only) or the SCSBs, as the case may be, to do all acts as are necessary to make the Application in the Issue, including uploading my/our application, blocking or unblocking of funds in the bank account maintained with the SCSB as speci ed in the Application Form, transfer of funds to the Public Issue Account on receipt of instruction from the Registrar to the Issue, after nalization of Basis of Allotment; and (b) the Registrar to the Issue to issue instruction to the SCSBs to unblock the funds in the speci ed bank account upon nalization of the Basis of Allotment. 3) In case the amount available in the speci ed Bank Account is insuf cient as per the Application, the SCSB shall reject the Application.

10. Additional Undertaking in case the Applicant wishes to hold the Bonds in physical form: 1. In terms of Section (8)(1) of the Depositories Act, 1996, I/we wish to hold the NCDs in physical form. 2. I/We con rm that the Information provided in this form is true and correct and I/We enclose herewith self attested copies of the KYC Documents. 3. I/We con rm that we do not hold any Demat Account.

ISSUE RELATED INFORMATION FOR FILLING THE APPLICATION FORMKYC Documents (To be submitted only for holding NCDs in physical form): Self attested copies of the following documents are required to be submitted by the Applicants as KYC Documents: 1. PAN Card. 2. Proof of Residence. Any of the following documents shall be considered as a veri able proof of residence: ration card issued by the GoI; or valid driving license issued by any transport authority of the Republic of India; or electricity bill (not older than three months); or Landline telephone bill (not older than three months); or valid passport issued by the GoI; or voters identity card issued by the GoI; or self attested copies of passbook or latest bank statement issued by a bank operating in India; or registered leave and license agreement or agreement for sale or rent agreement or at maintenance bill. AADHAR letter, issued by Unique Identi cation Authority of India, GoI. 3. A cancelled cheque of the bank account to which the amounts pertaining to payment of refunds, interest and redemption, as applicable, should be credited.For further details pertaining to KYC Documents, see the section titled Additional instructions for applicants seeking allotment of bonds in Physical form on Page 14 of this Abridged Prospectus.

Category I (Institutional Investors) Sub-category codeResident Public Financial Institutions 11Statutory Corporations including State Industrial Development Corporations, Commercial Banks,Co-operative Banks and Regional Rural Banks

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Indian Provident Funds, Pension Funds, Superannuation Funds, Gratuity Fund 13Indian alternative investment funds registered with SEBI 14Indian Insurance Companies registered with the IRDA 15National Investment Fund 16Indian Mutual Funds registered with SEBI 17Insurance funds set up and managed by the Indian army, navy or the air force 18or Department of Posts India.

18

Category II (Non Institutional Investors) Sub-category codeCompanies, Bodies Corporate, Societies 21Public/private/charitable/religious trusts 22Resident Indian Scienti c and/or industrial research organizations 23Partnership rms in the name of the partners 24Limited liability partnerships 25Category III (Resident Individuals and HUF) Sub Category CodeResident Indian individuals and Hindu Undivided Families through the Karta 31

INVESTOR CATEGORIES:

2

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Issue StructureOptions I II III IV V VI VII VIII IX X XIFrequency of Interest Payment Monthly Monthly Monthly Annually Annually Annually NA NA NA NA NAMinimum Application ` 10,000 (10 NCDs) (for all options of NCDs, either taken individually or collectively)Issue Price / Face Value (` / NCD) ` 1,000.00 ` 1,000.00 ` 1,000.00 ` 1,000.00 ` 1,000.00 ` 1,000.00 ` 1,000.00 ` 1,000.00 ` 1,000.00 ` 1,000.00 ` 1,000.00Tenor 24 months 36 months 60 months 24 months 36 months 60 months 400 days 24 months 36 months 60 months 84 monthsBase Coupon Rate (% per annum) for all categories 9.00% 9.25% 8.75% 9.25% 9.50% 9.00% N.A. N.A. N.A. N.A. N.A.Additional incentive on Base Coupon Rate (% per annum) for category II & III 0.75% 0.75% 0.75% 0.75% 0.75% 0.75% N.A. N.A. N.A. N.A. N.A.Coupon Rate (% per annum) for Category I 9.00% 9.25% 8.75% 9.25% 9.50% 9.00% N.A. N.A. N.A. N.A. N.A.Coupon Rate (Aggregate of the Base Coupon Rate and the additional incentive on the Base Coupon Rate on any Record Date as applicable to Category II and Category III investors {(A) + (B)})

9.75% 10.00% 9.50% 10.00% 10.25% 9.75% N.A. N.A. N.A. N.A. N.A.

Effective Yield (Per annum) Category I 9.00% 9.25% 8.75% 9.25% 9.50% 9.00% 8.50% 9.00% 9.25% 8.75% 9.66%Effective Yield (Per annum) Category II & III 9.75% 10.00% 9.50% 10.00% 10.25% 9.75% 9.25% 9.75% 10.00% 9.50% 10.41%Amount (` / NCD) on Maturity Category I ` 1,000 ` 1,000 ` 1,000 ` 1,000 ` 1,000 ` 1,000 ` 1,093.84 ` 1,188.10 ` 1,303.96 ` 1,521.06 ` 1,906.94Amount (` / NCD) on Maturity Category II & III ` 1,000 ` 1,000 ` 1,000 ` 1,000 ` 1,000 ` 1,000 ` 1,102.19 ` 1,204.51 ` 1,331.00 ` 1,574.24 ` 2,000Mode of Payment Through various options availableMaturity Date (From Deemed Date of Allotment) for all categories 24 months 36 months 60 months 24 months 36 months 60 months 400 days 24 months 36 months 60 months 84 monthsNature of indebtedness Secured and Non-Convertible. Unsecured

& Non Convertible

Security First pari passu charge on the identi ed immovable property and a rst pari passu charge on current assets, book debts, loans and advances, and receivables including gold loan receivables,both present and future, of our Company.

Unsecured

Note:a. Our Company would allot Option IV Secured NCDs to all valid applications, wherein the applicants have selected only Secured NCDs, but have not indicated their

choice of the relevant options of the Secured NCDs. Our Company would allot Option XI Unsecured NCDs to all valid applications, wherein the applicants have selected only Unsecured NCDs. Our Company would allot Option IV Secured NCDs to all valid applications, wherein the applicants have neither selected Secured NCDs nor Unsecured NCDs.

b. Applicants cannot apply for Allotment of NCDs under Options VII, VIII, IX, X and XI in physical form.c. Please note that you cannot apply for the NCDs through the ASBA process if you wish to be Allotted the NCDs in physical form.d. Escrow Collection Banks for the Issue are ICICI Bank Limited and IndusInd Bank Limitede. Basis of Allotment : For details, please refer to Instruction No. 44 on page no.17 of the Abridged Prospectus.f. For Grounds for Technical Rejection. Please refer to page no. 15 of the Abridged Prospectus.g. The Members of the Syndicate and the Trading Members of the Stock Exchange shall ensure they shall accept Application Forms only in such cities/ towns where the

banking branches (escrow banks) are available.h. Applicants to ensure that they are competent to contract under the Indian Contract Act, 1872 including minors applying through guardians.i. Based on the information provided by the Depositories, the Company shall have the right to accept Applications belonging to an account for the bene t of a minor

(under guardianship)j. The details of the collection centres of the Escrow Collection Banks shall be available on the website of BSE at www.bseindia.comk. For further details please refer to the Prospectus.