IDFC FIRST BANK LIMITED — Capital/Financing Update 2021

Apr 29, 2021

IDFCFIRSTBANK/SD/040/2021-22 April 29, 2021

The Manager-Listing Department National Stock Exchange of India Limited Exchange Plaza 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 Limited** - Outcome of the Nomination & Remuneration Committee Meeting held on April 28, 2021

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

Dear Sir / Madam,

We wish to inform you that the members of the Nomination & Remuneration Committee at its meeting held on April 28, 2021 has inter-alia considered and approved grant of 3,81,75,000 stock options to eligible employees under IDFC FIRST Bank Employee Stock Option Scheme at market price determined as per the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014, as amended from time to time.

Further, during the quarter ended March 31, 2021, 29,47,550 stock options granted to employees of the Bank under IDFC FIRST Bank Employee Stock Option Scheme stands lapsed, terminated and cancelled, as applicable and the said stock options shall be available for grant/ re-issue under IDFC FIRST Bank Employee Stock Option Scheme.

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

Thanking you, Yours faithfully,

For IDFC FIRST Bank Limited SATISH ASHOK GAIKWAD Digitally signed by SATISH ASHOK GAIKWAD Date: 2021.04.29 16:16:43 +05'30'

Satish Gaikwad Head – Legal & Company Secretary

IDFC FIRST Bank Limited