Offer of $1.10 Per Share Substantially Undervalues the Company and Is an Attempt to Opportunistically Capitalize on the Current Trading Price and Buy De Facto Control of the Company

Magna Has Provided Shareholders with No Information about Magna’s Identity, Plans for the Company or Ability to Consummate Its Offer, or Reasons that It Is Making Only a Partial Tender Offer

Yatra’s Board Unanimously Recommends Shareholders NOT Tender Their Shares