March 18, 2022

BSE Limited,

National Stock Exchange of India Ltd,

14th Floor, P.J. Towers,

"Exchange Plaza",

Dalal Street,

Bandra-Kurla Complex, Bandra (East)

MUMBAI - 400 001

MUMBAI - 400 051

(BSE Scrip Code No.502330)

(Symbol - ANDHRAPAP Series -EQ)

Dear Sirs,

Sub: Reply to your e-mail dated 17.03.2022 regarding "Clarification on Price movement".

We wish to clarify that the Company has been promptly/timely intimating all the events/ information to Stock Exchanges as per Regulation 30 of the SEBI (LODR) Regulations, 2015.

We further confirm that there are no pending announcements, events or information which is/are price sensitive that could have led to significant movement in the price behaviour of the Company's shares.

The movement in price of the shares is purely market driven. Kindly noṯe the same.

Thanking you,

Yours faithfully,

For ANDHRA PAPER LIMITED

ARAVIND MATTA

COMPANY SECRETARY &

VICE PRESIDENT (CORPORATE AFFAIRS)

ANDHRA PAPER LIMITED

(Corporate Identity Number: L21010AP1964PLC001008)

Regd. Office: Rajamahendravaram - 533 105, East Godavari District, Andhra Pradesh, India.

Tel: +91-883-2471831 to 1835; Website: www.andhrapaper.com

An ISO 9001:2015, ISO 14001:2015, ISO 45001:2018 and

FSC® Certified Company (FSC® - C084811, FSC® - C119477 & FSC® - C112308)

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Andhra Paper Ltd. published this content on 18 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 March 2022 07:10:06 UTC.