IDFC FIRST BANK LIMITED — Capital/Financing Update 2021

Jun 16, 2021

IDFCFIRSTBANK/SD/85/2021-22 June 16, 2021

The Manager-Listing Department National Stock Exchange of India Limited Exchange Plaza, Plot No. C - 1, G - Block Bandra-Kurla Complex, Bandra (East) Mumbai 400 051. Tel No.: 022 – 2659 8237/ 38 NSE - Symbol: IDFCFIRSTB

The Manager-Listing Department BSE Limited Phiroze Jeejeebhoy Towers Dalal Street, Fort Mumbai 400 001. Tel No.: 022 – 2272 2039/ 37/ 3121 BSE - Scrip Code: 539437

Sub.: IDFC FIRST Bank - Outcome of the Nomination & Remuneration Committee Meeting.

Ref.: Grant of Stock Options under IDFC FIRST Bank Employee Stock Option Scheme.

Dear Sir/ Madam,

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014, as amended from time to time, the Nomination & Remuneration Committee at its meeting held on June 16, 2021 (Grant Date) has inter-alia considered and approved grant of 1,00,000 stock options to eligible employee(s) under IDFC FIRST Bank Employee Stock Option Scheme.

These options will vest equally over a period of five years (viz. 20% each year) and the exercise period of these options will be 3 years from date of respective vesting.

Please take the above on record and acknowledge receipt of the same.

Thanking you,

Yours faithfully, For IDFC FIRST Bank Limited

Satish Gaikwad

Gaikwad DN: cn=Satish Gaikwad, o, ou, email=satish.gaikwad@idfcfirst bank.com, c=US Date: 2021.06.16 21:02:51 +05'30'

Digitally signed by Satish

Satish Gaikwad Head – Legal & Company Secretary

IDFC FIRST Bank Limited