PNB Gilts Ltd — Capital/Financing Update 2020

Jun 23, 2020

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(Subsidiary of Punjab National Bank)

Date: 23.06.2020

National Stock Exchange of India Ltd. BSE Listed Exchange Plaza Phiroz JeeJeebhoy Tower Bandra Kurla Complex Dalal Street Bandra (E), Mumbai -400051 Mumbai- 400 001 Scrip Code: PNBGILTS Scrip Code: 532366

Ref: SEBI Circular No. SEBI/HO/DDHS/DDHS/CIR/P/2019/115 dated 22.10.2019 and Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Sub: Intimation regarding allotment of Commercial Paper

Dear Sir / Madam,

This is in continuation to earlier disclosure dated 30.04.2020, wherein it was informed that the Board of Directors of the Company in its meeting held on 30.04.2020 considered and approved the proposal for raising of funds by way of issuance of Commercial Paper(s) ("CPs") for an amount not exceeding INR 1000 crores, in one or more tranches.

Kindly note that the Company has allotted CP for an amount of Rs. 400 crores (Rupees Four Hundred Crore Only) on 23.06.2020 as per the following details:

Tenure of the instrument	91 Days
Date of Maturity	22.09.2020
Coupon/ Interest offered	4.15 %
Charge/ Security if any, created over the assets	Unsecured
Special right /interest /privileges attached	No Special Rights attached to CPs

Apart from the aforementioned, no commercial paper(s) is outstanding as on date.

We request you to kindly take the same on record.

Thanking You,

Yours faithfully, For PNB Gilts Ltd.

MONIKA KOCHAR Digitally signed by MONIKA KOCHAR DN: c=IN, o=Personal, postalCode=122016, st=Haryana, 2.5.4.20=ecbd71da6f3bcff29fa8bd9b152f234300e3fc4c63efd49331910c927e320a0b, serialNumber=8421c954c6663e29337eb19ed9f8e0448e78ee0f4ad3e98a16f6eaa7355fd33e, cn=MONIKA KOCHAR Date: 2020.06.23 20:10:25 +05'30'

(Monika Kochar) Company Secretary

Regd. Office : 5, Sansad Marg, New Delhi-110 001. Ph. : 23325759, 23325779, 23736584, Fax : 23325751, 23325763 Website : www.pnbgilts.com E-mail : pnbgilts@pnbgilts.com CIN : L74899DL1996PLC077120