November 18, 2019

To The Manager BSE Limited Department of Corporate Services Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai -400 001 Scrip Code- 532523

Dear Sir/Madam,

Subject: Press Release

To The Manager,

<$siocon Biocon Limited 20th KM Hosur Road

Electronics City

Bangalore 560 1 00, India

T 91 80 2808 2808

F 91 80 2852 3423

CIN : L24234KA1978PLC003417

www.biocon.com

National Stock Exchange of India Limited Corporate Communication Department Exchange Plaza, Bandra Kurla Complex Mumbai -400 050 Scrip Symbol- Biocon

Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, please find enclosed the press release titled "Kiran Mazumdar-Shaw Conferred with Lifetime Achievement Award by Indian Council of Medical Research".

The above information will also be available on the website of the Company at www.biocon.com.

Kindly take the same on record and acknowledge.

Thanking You,

Yours faithfully, For Biocon Limited

~­~

@} Mayank Verma Company Secretary & Compliance Officer

Enclosed: Press Release

<$Biocon

Press Release

Kiran Mazumdar-Shaw Conferred with Lifetime

Achievement Award by Indian Council of Medical Research

Bengaluru, Karnataka, India, November 18, 2019

Biocon Ltd, an innovation-led global biopharmaceuticals company, is pleased to announce that its Chairperson & Managing Director Kiran Mazumdar-Shaw has been conferred with the Lifetime Achievement Award for Outstanding Achievement in Healthcare by the Indian Council of Medical Research (ICMR) for her remarkable contribution to the field of healthcare and to the society at large.

ICMR, the apex body in India for the formulation, coordination and promotion of biomedical research, recognised Ms. Mazumdar-Shaw as a' thought leader for building a globally -renowned biopharmaceuticals company that is committed to innovation and is providing high-quality, affordable medicines to patients across the world. She was also recognised for her philanthropic efforts and providing better healthcare to people in India and globally through innovative, cost-effective life-saving therapies and increasing access to healthcare at the grassroots.

On receiving the Lifetime Achievement Award1 Kiron Mazumdar-Shaw said: "I am honoured to receive this award from ICMR, which is one of the oldest medical research bodies in the world and has played a pivotal role in encouraging medical research to address the country1s healthcare challenges. My mission of using innovation to develop biopharmaceuticals that can benefit a billion patients and enable affordable access to medicines is quite aligned with ICMR's purpose to create a strong ecosystem for medical research and innovation in India. I strongly believe it's critical for us to invest in R&D to find innovative solutions to improve access and affordability of healthcare in the country to serve growing patient needs."

Bill Gates, co-chair, Bill & Melinda Gates Foundation, presented this award to Ms. Mazumdar­Shaw in New Delhi on Nov 17, 2019 at an event to mark the celebration of the 108th Foundation Day of ICMR.

Dr Cyrus S. Poonawalla, Chairman and Managing Director, Serum Institute of India and Dr Prakash Baba Amte, Director, Lok Biradari Prakalp were also honoured with the Lifetime Achievement Award by ICMR.

Ms. Mazumdar-Shaw has been pivotal in redefining the biotechnology landscape through Biocon's initiatives and breaking new ground through her philosophy of ensuring affordable access to life-saving biopharmaceuticals globally.

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<$siocon Her visionary journey has earned her several coveted titles and awards, both national and international, including India's top civilian awards, Padma Shri and Padma Bhushan, as well as, the highest French distinction, Knight of the Legion of Honour.

Ms Mazumdar-Shaw is a well-regarded global influencer and has been named among TIME magazine's '100 Most Influential People in the World'. She was given the AWSM Award for Excellence in 2017 by the Feinstein Institute for Medical Research and the Chemical Heritage Foundation conferred her with the Othmer Gold Medal in 2014. She has received the Global Economy Prize for Business in 2014 from the Kiellnstitute for the World Economy, Germany, for her outstanding contribution and dedication to the biosciences and research field globally.

She has featured in the Forbes' list of 'World's 100 Most Powerful Women'; Scientific American's 'The Worldview 100 List' of most influential visionaries; and Fortune's 'Top 25 Most Powerful Women in Asia-Pacific'. She was ranked No. 1 in the Business Captains category in the Medicine Maker Power List 2018, an index of the 100 most influential people across the globe in the field of medicine.

She has been felicitated with the Lifetime Achievement Award at the FICCI Healthcare Excellence Awards 2019.

She is also a Member of the Board of Trustees of the prestigious Massachusetts Institute of Technology (MIT), U.S. and more recently she has been elected as a Member of the National Academy of Engineering, U.S.

About Biocon Ltd:

Biocon Limited, publicly listed in 2004, (BSE code: 532523, NSE ld: BIOCON, ISIN ld: INE376G01013) is

an innovation-led global biopharmaceuticals company committed to enhance affordable access to

complex therapies for chronic conditions like diabetes, cancer and autoimmune. It is a leading global

player for APis including statins, immunosuppressants and specialty molecules. Biocon has developed

and commercialized novel biologics, biosimilars, and complex small molecule APis in India and several

key global markets as well as generic formulations in the U.S. and Europe. It also has a pipeline of

promising novel assets in immunotherapy under development. Biocon is committed to pursue the

path of innovation to develop products that have the potential to benefit a billion lives. Biocon

Biologics is a subsidiary of Biocon Ltd. It is uniquely positioned as a fully integrated 'pure play'

biosimilars organization in the world and aspires to transform patient lives through innovative and

inclusive healthcare solutions. The Company has a large portfolio of biosimilars under global clinical

development with three of these commercialized in developed markets like EU, Australia, U.S. and

Japan. www.biocon.com; Follow-us on Twitter: @bioconlimited FOR MORE INFORMATION

MEDIA RELATIONS Seema Ahuja Sr. VP & Global Head, Corporate Communications W +9180 2808 2222 J +91 99723 17792

[8'J seema.ahuja@biocon.com

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MEDIA RELATIONS Riddhima Jaitly Executive, Corporate Communications w +9180 2808 2183

J +91 9742197514

[8'J riddhima.jaitly@biocon.com