Axis Bank Limited — Board/Management Information 2021

Jul 27, 2021

AXIS/CO/CS/190/2021-22

27[th] July 2021

Chief Manager, The Deputy General Manager, Listing & Compliance Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor 1[st] Floor, New Trading Ring, Plot No. C/1, “G” Block Rotunda Building Bandra-Kurla Complex P. J. Towers, Dalal Street Fort, Bandra (E), Mumbai – 400 051 Mumbai – 400 001 NSE Symbol: AXISBANK BSE Scrip Code : 532215

Dear Sir(s),

SUB: OUTCOME OF BOARD MEETING HELD ON 27[TH] JULY 2021 REF: REGULATIONS 30 OF THE SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 (‘SEBI LISTING REGULATIONS’)

This has reference to our letter no. AXIS/CO/CS/597/2017-18 dated 10[th] November 2017, wherein we had inter alia , informed that the Board of Directors of the Bank (the Board) have approved execution of Investment Agreement between the Bank and BC Asia Investments VII Limited, Integral Investments South Asia IV and BC Asia Investments III Limited (Investment Agreement). We had further informed that in terms of the Investment Agreement, BC Asia Investments VII Limited, Integral Investments South Asia IV and BC Asia Investments III Limited (Bain) shall have the right to jointly nominate for appointment of 1 (one) non-retiring non-executive director on the Board of Directors of the Bank for a period of 4 years, from 19[th] December 2017.

We wish to inform you that the Board at its meeting held today viz. 27[th] July 2021, has approved amendment to the Investment Agreement and that in terms of the said amendment, the right of Bain to appoint Nominee Director has been extended for a further period of 3 (three) years on such terms and conditions as may be mutually agreed upon between Bain and the Bank.

Further, the Nominee Director shall be liable to retire by rotation, in terms of Section 152 of the Companies Act, 2013.

You are requested to kindly take note of above and arrange to bring it to the notice of all concerned.

Thanking You.

Yours Sincerely,

For Axis Bank Limited

GIRISH Digitally signed by GIRISH VASUDEVAN VASUDEVA KOLIYOTE N KOLIYOTE Date: 2021.07.27 18:43:59 +05'30'

Girish V. Koliyote Company Secretary

AXIS BANK Legal &CS: Ax is House, W adia International Centre, Pandurang Budhkar marg, W orli, Mumbai 400 025 Registered Address: "Trishul" - 3rd Floor, Opp. Samarthesw ar Temple, Near Law Garden, Ellisbridge, Ahmedabad - 380006. Telephone No.: 079-26409322 Fax No.: 079-26409322 CIN : L651 1 0 G J 1 9 9 3 PLC 0 2 0 7 6 9 W ebsite: w ww.axisbank.com