roll acquire Yatra at an enterprise value of $218mm, representing 3 Ox FY2017E net revenue and 2 lx FY2018E net revenue • Of the pro-forma company. Yatra's existing shareholders will retain 34% ownership. TRTL's pubic shareholders will hold 53%, TRTL founders will hold 8%, and Macquarie Capital will

9.2,-; Deutsche Bank served as the lead Capital Markets for Terrapin 3 Acquisiton Corp ('TRTL*) on its $218mm acquisition of Yatra Online, Inc ("Yatra") In July 2014, Deutsche Bank acted as the sole bookrunner on TRTL's $213mm IPO PF caplbI,ea6on A in wan) PF shins (mm) toe Total eqtdy value

resents FY2017E EVAtot revenue ($84m) Sowco: Company data. FaciSet - Yatra Online - July 13, 2016 - Everted 3Q 2016 Launched in August 2006, Yatra, through its yatra.com website, provides travel and hotel reservations for leisure and business travelers in India. Based in Gurgaon, Yatra.com