Axis Bank Limited — Capital/Financing Update 2020

Aug 11, 2020

AXIS/CO/CS/213/2020-21

1 1 t h August 2020

The Assistant Vice President (Listing & Compliance) National Stock Exchange of India Limited Exchange Plaza, 5th Floor Plot No. C/1. "G" Block Bandra-Kurla Complex Bandra (E), Mumbai - 400 051

The Senior General Manager (Listing) The Bombay Stock Exchange Limited 1st Floor, New Trading Ring, Rotunda Building P. J. Towers, Dalal StreE;fj Fort, Mumbai - 400 001

NSE Symbol : AXISBANK

BSE Scrip Code: 532215

Dear Sir,

• Sub: Issue and allotment of equity shares of face value o f � 2 each (the "Equity Shares"} by Axis Bank Limited (the "Bank") under Qualified Institutions Placement in accordance with the provisions of Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements} Regulations, 2018 (the "SEBI ICDR Regulations") and Section 42 of the Companies Act, 2013 (including the rules made thereunder) (the "Issue"}.

We wish to inform you that the Committee of Whole-Time Directors of the Bank (the "Committee"), at its meeting held today, has considered and approved the allotment of 238,038,560 Equity Shares at a price of Rs. 420.10 per Equity Share (including a premium of Rs. 4 1 8 . 1 0 per Equity Shore). (which takes into account a discount of 5.00%), to the floor price of Rs. 442.19 per Equity Share, aggregating to Rs. 100,000 million, to successful eligible Qualified Institutional Buyers in occordance with Chapter VI of the SEBI Regulations.

Pursuant to the allotment of Equity Shares in the Issue, the paid-up equity share capital of the Bank stands increased from Rs. 5,64,40,54,948 (2,82,20,27,474 equity shares of Rs. 2/- each) to Rs. 6, 12,01,32,068 (3,06,00,66,034 equity shares of Rs. 2/- each).

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

Thanking you

Yours Sincerely, Fo�nk Limited Gir!�te Company Secretary

==> picture [6 x 4] intentionally omitted <==

----- Start of picture text ----- ,"----- End of picture text -----

BANK / Nxis

Legal & CS: Axis House, Wadia International Centre, Pandurang Budhkzr Marg, Worli, Mumbai 400 025 Registered Address: "Trishul" - 3rd Floor, Opp. SamartheswarTemple, Near Law Garden, Ellisbridge, Ahmedabad - 380006. Telephone No.: 079-26409322 Fa:< No. : 079-26409321 CIN: L65110GJ1993PLC020769 Website: www.axisbank.com