Mumbai, August 13, 2019: Saudi Aramco and Reliance Industries Limited (RIL) today have agreed to a non-binding Letter of Intent (“LOI”) regarding a proposed investment in the Oil to Chemicals (O2C) division comprising the Refining, Petrochemicals and fuels marketing businesses of RIL. Saudi Aramco’s potential 20% stake is based upon an Enterprise Value of US$ 75 billion for the O2C division. This would be one of the largest foreign investments ever made in India. Saudi Aramco and RIL have a long-standing crude oil supply relationship of over 25 years. Saudi Aramco is the world’s largest and lowest cost-per-barrel producer of crude oil, is geographically close to India, and offers a wide range of crude supply options. To date it has supplied approximately 2 billion barrels of crude oil for processing at RIL’s refinery at Jamnagar. RIL’s Jamnagar refinery is the largest and most complex refinery in the world, with deep integration of refining and petrochemical activities across multiple manufacturing facilities. The proposed investment would result in Saudi Aramco supplying 500 KBPD of Arabian crude oil to the Jamnagar refinery on a long term basis. Mr. Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited said “I am truly delighted to welcome Saudi Aramco, one of the largest business enterprises in the world, as a potential investor in our Oil to Chemicals division. We have a long-standing crude oil relationship with Saudi Aramco and we would be happy to see this further strengthened with this investment. Saudi Aramco’s interest is a strong endorsement of the quality of our assets and operations as well as of the potential of India.” Under the non-binding LOI, the proposed investment is subject to due diligence, and the executed definitive agreement will be subject to regulatory and other customary approvals. The parties will make an announcement once a definitive agreement is executed. Registered Office: Corporate Communications Telephone : (+91 22) 2278 5000 Maker Chambers IV Maker Chambers IV Telefax : (+91 22) 2278 5185 3rd Floor, 222, Nariman Point 9 th Floor, Nariman Point Internet : www.ril.com Mumbai 400 021, India Mumbai 400 021, India CIN: L17110MH1973PLC019786 Page 2 of 2 About Reliance Industries Limited RIL is India’s largest private sector company, with a consolidated turnover of INR 622,809 crore ($90.1 billion), cash profit of INR 64,478 crore ($ 9.3 billion), and net profit of INR 39,588 crore ($5.7 billion) for the year ended March 31, 2019. RIL’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and digital services. RIL is the top most ranked company from India to feature in Fortune’s Global 500 list of ‘World’s Largest Corporations’ – currently ranking 106th in terms of both revenues and profits. The company stands 71st in the ‘Forbes Global 2000’ rankings for 2019 – top-most among Indian companies. It ranks 10th among LinkedIn’s ‘The Best Companies to Work For In India’ (2019).

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World's fastest growing digital services company, Jio makes India Data Shining

JioFiber to be commercially available from Sep 5

MUMBAI,12.08.19-With over 340 million subscribers, Jio remains the world's fastest growing digital services company. Jio is India's largest telecom enterprise in terms of subscribers, revenues and profits. With 10 million new customers going digital with Jio each month, Jio has become not just the largest operator in India but also the second largest single country operator in the world.

Addressing the Annual General meeting of Reliance Industries, the Chairman and Managing Director, Mr Mukesh Ambani said that Jio is now ready to offer new services: Internet of Things; Home Broadband; Enterprise Broadband; and Broadband for Small and Medium Businesses. Revenues from each of these services will start kicking-in within this financial year itself.

Jio has developed an innovative service on its pan-India 4G network called Narrowband Internet-of-Things. Using NBIoT data from billions of smart sensors whether residential, industrial or public can be collected from across India with the highest reliability and lowest cost. Jio aims to connect at least one billion of these on Jio's IoT platform. This translates in a INR 20,000 crore per year revenue opportunity for Jio. Jio's IoT platform will be commercially available from January 1, 2020.

JioFiber, starting August 15 of last year, received over 15 million registrations from nearly 1,600 towns.

Based on these registrations, Jio plans to reach 20 million residences and 15 million business establishments in these 1,600 towns. JioFiber aims to complete the network rollout within the next 12 months. JioFiber has been installed, on trial basis, in nearly half a million homes. These trial homes on average are consuming more than 100 GBs per month and this usage is increasing with each passing day.

Users are experiencing lightning fast broadband speeds of up to 1 GBPS with JioFiber. Users will get a landline phone connection, at no additional cost. The users will also get a digital set-top-box that opens unparalleled digital experiences within users’ home. JioFiber offers endless digital possibilities like ultra-high definition entertainment, virtual reality content, multi-party video conferencing, voice-enabled virtual assistants, interactive gaming, home security and many other smart-home solutions.

Commercial launch of JIOFIBER services will be done on September 5 - the THIRD anniversary of JIO's launch. JIOFIBER plans start with 100 Mbps speed and go up to 1 Gbps or 1000 Mbps. JioFiber plans will be priced between INR 700 to INR 10,000 per month to suit every budget and every need.

JIOFIBER plans will come bundled with subscriptions to most leading premium OTT applications. Premium JIOFIBER customers will be able to watch movies in their living rooms the same day these movies are released in theatres. This service is expected to be launched in the middle of 2020.

The chairman also announced that JioFiber customers who opt for our annual Jio-Forever plans, will get an HD or 4K LED Television and a 4K set-top-box absolutely free.

Strengthening Jio’s Digital Platforms and Solutions, the company has plans to work on Blockchain technology; Edge computing and Virtual and Mixed Reality content; and Cloud Infrastructure. The chairman announced that Jio and Microsoft have entered in a globally unique, long-term alliance to accelerate the digital transformation in the country. As part of this alliance, Jio will sets up a network of large world-class datacenters across India, Microsoft will bring its Azure cloud platform into Jio's datacenters.