Indian Bank — Capital/Financing Update 2021

Jun 21, 2021

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Ref: ISC/86/2021-22 Date: 21.06.2021

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Subject: Qualified Institutions Placement of equity shares of face value of Z10 each (the "Equity Shares") by Indian Bank ("Bank"), pursuant to the provisions of Chapter VI of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, ("ICDR Regulations"), to Qualified Institutional Buyers (as defined in the ICDR Regulations) (the "Qualified Institutions Placement"/ "QIP").

Dear Sir/Madam,

This is to inform you that subsequent to the approval accorded by the Board of Directors of the Bank, in its meeting held on January 22, 2021 together with the shareholders' authorization dated March 2, 2021 for the QIP, the Committee of Directors on Capital Raising of the Bank has, in its meeting held today, i.e. June 21, 2021 inter alia, passed resolutions in connection with the following:

• (i) approving and adopting the Preliminary Placement Document alongwith the application form dated June 21, 2021;
• (ii) approving and authorizing the opening of the QIP on June 21, 2021; and
• (iii) the 'Relevant Date' for this purpose, in terms of Regulation 171(b)(i) of the SEBI ICDR Regulations, is June 21, 2021 and accordingly the floor price in respect of the QIP, based on the pricing formula as prescribed under Regulation 176(1) of the SEBI ICDR Regulations, and as approved by the Committee of Directors on Capital Raising is Rs.142.15 per Equity Share. The Bank may, in accordance with the special resolution dated March 2, 2021 of the shareholders, at its discretion offer a discount of up to 5.00% on the floor price in the QIP.

The meeting of the Committee of Directors on Capital Raising commenced at 19 :op and concluded at 20[4,cl-ill

We request you to take that the above information on record, and the same may be treated as compliance with Regulations 30 and other applicable regulation(s) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

Yours faithfully,

For Indian Bank

Vre

(Dina Nath Kumar) Company Secretary