IndusInd Bank Ltd. — Capital/Financing Update 2021

Jan 13, 2021

IndusInd Bank

January 13, 2021

The Asst. Vice President Listing Department National Stock Exchange of India Ltd. Exchange Plaza, 5th Floor Plot No.C/1, G Block Bandra-Kurla Complex Bandra (East), Mumbai - 400 051

The Deputy General Manager Corporate Relationship Dept. BSE Ltd. 1st Floor, New Trading Ring Rotunda Building, P. J. Towers Dalal Street, Fort Mumbai - 400 001

NSE Symbol: INDUSINDBK

BSE Scrip Code: 532187

Chief Regulatory Officer, India International Exchange. 1st Floor, Unit No. 101, The Signature Building No.13B, Road 1C, Zone 1, GIFT SEZ, GIFT CITY, Gandhinagar - GJ 382355 Scrip Code: 1100027

Madam / Dear Sir,

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015: Subscription for Warrants by Promoters

Our Bank has received letter dated January 12, 2021 from IndusInd International Holdings Limited and IndusInd Limited, the Promoters, stating that they are fully committed to making payment to the Bank of the balance amount due on the Warrants, on or before February 18, 2021, the extended due date, given their confidence in the Management & the strength of Bank.

Copy of the letter received from the Promoters is annexed.

A copy of this letter is being uploaded on the website of the Bank at www.indusind.com.

Kindly take the above on record.

Thanking you,

Yours faithfully,

For IndusInd Bank Limited

Haresh Gajwani

Company Secretary

Solitaire Corporate Park Office : IndusInd Bank Limited, Building No.7, Solitaire Corporation Park, Andheri- Ghatkoper Link Road, Chakala, Andheri (E), Mumbai - 400 093, India Tel: (0022) 66412887

January 12, 2021

To,

The Managing Director IndusInd Bank Ltd Mumbai

Dear Sir

Promoters' Commitment to IndusInd Bank

At our request, for subscription to the balance amount of 75% warrant money aggregating Rs.2021.45 crores, SEBI granted extension of one month from the original due date, i.e. until February 04, 2021.

The process of raising requisite funds through rights issue and other avenues, has already been in motion. As the shareholders of the company are spread across the globe in 35 different countries, this necessitated extensive work towards regulatory compliances of all jurisdictions. The ongoing pandemic coupled with strict lockdowns across nations have also raised logistical issues.

In view of aforesaid circumstances, at our request, SEBI has granted further specific extension of two weeks from the date of expiry of one month extension granted earlier.

The promoters are fully committed to the subscription to the balance amount of warrants on or before 18th February 2021, the extended due date, given our confidence in the Management & the strength of Bank.

With regards

For IndusInd International Holdings Ltd Moses Harding John President and Chief Executive Officer

IndusInd International Holdings Limited

1A, Ground Floor, North Building, Beau Plan Business Park, Pamplemousses 21001, Mauritius T: +230 2458000 / 2459000 $W$ : www.indusindinternational.com