General Updates

WEWORK INDIA MANAGEMENT LIMITED (Formerly known as WeWork India Management Private Limited) Regd. Office: 6th Floor, Prestige Central, 36 Infantry Road Shivaji Nagar Bengaluru, Karnataka, 560001 Email: cswwi@wework.co.in; Website: https://wework.co.in/ Telephone no.: 080-37880881 CIN: L74999KA2016PLC093227 July 16, 2026 Listing Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra (East), Mumbai – 400 051 Fort, Mumbai – 400 001 Symbol: WEWORK Scrip Code: 544570 Dear Sir/ Madam, Subject: Shareholders’ letter – Q1 FY27 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the Shareholders’ Letter of the Company for the period ended June 30, 2026. The aforesaid Shareholders’ Letter is also being made available on the website of the Company at https://wework.co.in/investors-relations/shareholders-information/#analysts. This is for your information and records. Yours faithfully, For WeWork India Management Limited Udayan Shukla Company Secretary & Compliance Officer Membership No.: F11744 Encl.: As above Q1 FY27 · SHAREHOLDER LETTER IMPORTANT IMPORTANT Disclaimer. You must read the following before continuing. By reading this document, you agree to be bound by the following limitations and restrictions. This document has been prepared by and on behalf of WeWork India Management Limited (the "Company"). This Letter has been issued by the Company for general information purposes only, without regard to any specific objectives, financial situations, or information needs of any particular person. This Letter does not constitute, and should not be construed as, any recommendation, offer, invitation, or inducement to sell or issue, or any solicitation of an offer to purchase or subscribe to any securities of the Company in any jurisdiction. Nothing in this Letter should form the basis of, or be relied upon in connection with, any contract or commitment whatsoever. Further, nothing in this document should be construed as legal, business, tax, or financial advice. This Letter includes forward-looking statements. All statements other than statements of historical facts included in this Letter, including, without limitation, those regarding the Company's financial position, business strategy, plans, prospects and objectives of management for future operations (including development plans and objectives relating to the Company's products and services) are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results, performance or achievements of the Company to be materially different from results, performance or achievements expressed or implied by such forward-looking statements. Such forward- looking statements are based on numerous assumptions regarding the Company's present and future business strategies and the environment in which the Company will operate, and must be read together with those assumptions. This could be due to risks or uncertainties associated with expectations with respect to, but not limited to, regulatory changes in the industry in which the Company operates and its ability to respond to them and the ability to successfully implement its strategy, growth and expansion. These forward-looking statements speak only as of the date of this letter. Past performance is not necessarily indicative of future performance. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current views of the Company on future events. This Letter may not be copied, reproduced, summarised or disseminated, in whole or in part, in any manner or for any purpose. Failure to comply with this restriction may constitute a violation of applicable laws. None of the Company, its directors or affiliates, nor any of its or their respective employees, advisers, or representatives, accepts any responsibility or liability whatsoever, whether arising in tort, contract, or otherwise, for any errors, omissions, or inaccuracies in such information or opinions, or for any loss howsoever arising, from any use of this Letter, or otherwise in connection with this Letter. The Company makes no representation or warranty, express or implied, for the contents of this Letter, including its accuracy, fairness, completeness, or reasonableness, or for any other statement made or purported to be made by any of them, or on behalf of them. The Company undertakes no obligation to update any statement or information to either reflect events or circumstances that occur after the date of the statement or information is made or to account for unanticipated events, unless it is required by law. The information in this Letter has not been independently verified and certain data contained in this Letter was obtained from various external data sources. The information and opinions contained in this Letter noted above are subject to change without notice. Certain figures contained in this Letter may have been rounded off for representation. WEWORK INDIA MANAGEMENT LIMITED Q1 FY27 Q1 FY27 · SHAREHOLDER LETTER FROM THE CEO A NOTE TO OUR SHAREHOLDERS The compounding continues. Dear shareholders, The industry has moved decisively in our During the quarter, we recorded our direction. Q2 CY26 was the highest highest-ever monthly sales of 7.5k desks. quarterly leasing India has ever recorded. Across Q1 as a whole, more than half of Flex has led that market for three our sales came from members already consecutive quarters now, ahead of tech inside our network, growing with us. The Karan Virwani and ahead of BFSI. GCC tailwinds are product is doing the selling for us. running strong, domestic companies are Margin expanded through the investment driving 46% of all leasing, and more than MANAGING DIRECTOR & CEO cycle. Q1 FY27 delivered a 19.8% EBITDA half of India's occupiers today use flex in WEWORK INDIA margin against 15% in Q1 FY26, with some form, on track to reach 2/3rds by absolute EBITDA nearly 69% larger. The 2027. Premiumisation is real, and operating leverage we built through FY26 businesses are in a clear flight to quality, has carried into a quarter of accelerated with most new leasing going into younger, supply, and the base of EBITDA generation green-certified, institutional-grade is only widening from here. buildings, which is precisely where we operate. The platform is ready for what comes next. Work is evolving from standalone How work is being consumed is changing, workspaces into fully integrated and the shape of the office is changing ecosystems, and technology is the layer with it. Businesses want space that grows that will make that possible. We have been and contracts with them rather than putting that layer together for years, and against them, teams are running it is now taking real shape. The digital distributed across cities and formats, and products already running on top of the AI is reshaping the work itself. Flex sits physical network are performing at naturally alongside all of these shifts. The margins that punch above their revenue behavioural shifts we track most closely weight. We are positioned for the future are each running stronger today than they of work. were a year ago. FY27 is going to be a year of growth, and We have started a new capex cycle. The the outlook from here is promising. Thank demand signals through FY26 were clear you for the confidence you continue to enough that we chose to lean forward on place in us. supply, and Q1 was the first quarter that decision showed up on the ground. We Best regards, added 6.7k desks in the quarter, and the Karan Virwani pipeline of committed supply sitting behind it is deeper than at any point in our history. Businesses are writing longer, larger contracts, and writing them [Showing first 8,000 characters — download PDF for full document]