PUNJAB & SIND BANK — Proxy Solicitation & Information Statement 2019

Feb 19, 2019

II �f"'J1t � ;ft oft � 's:J.cnl. � � � �ffl fcNTlJ ciGtlEI QU� �� � "mR cf>&{" � �. Jl� �. 21, � �. � �-110008 Punjab & Sind Bank H.O. Account & Audit Department 1 � �. " a � SHARES CELL" Bank House, 1st Floor t11-1 1n<-1 Uor 'lft.�.-4l. {'llRil � � �/A Govt ot India Undertaking) 21, Rajendra Place, New Delhi-110008 Phone: 011-25782926, 25812922, 25817353, 25728930, Telefax: 25781639, 15728919, Email: complianceofficer@psb.co.in n ........, ....... �.

/Ref. No. ffi

Ref: PSB/HO/Shares Cell/ /2018-19

�/Dated: ......................... .

February 19, 2019

To,

Bombay Stock Exchange Limited, National Stock Exchange of India Ltd., 2s Derartment of Corporate Services, 1 floor, Phiroze Jeejeebhoy Towers, Exchange Plaza, C - 1, Block- G, Bandra Kurla Complex, Bandra (East), Dalal Street, Fort, Mumbai - 400 051. Mumbai - 400 001. SYMBOL: PSB SERIES: EQ SCRIP ID : PSB SCRIP CODE : 533295

Dear Sir,

Reg: Publication of Notice for Extraordinary General Meeting to be held on 15.03.2019

This is in continuation to our letter dated 07/02/2019 informing stock exchanges about Extraordinary General meeting of the shareholders of the Bank scheduled to be held on Friday, 15th March 2019 at 10.30 AM at Punjab & Sind Bank, Staff Training College, Institutional Area, Plot No.3, Sector 3, Rohini, Delhi 110085.

We are forwarding a copy of notice of Extraordinary General Meeting published in Business standard (English newspaper and Hindi newspaper) on 19.02.2019.

You are requested to take a note of the same.

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NOTICE IS HEREBY GIVEN that Bil Ex1raOrolnaly General Meeting of the Shareholdels of Plqab & Sind Bank wil be held on Friday. the 151h March. 2019 at 10.30 A.M. at Po.qab & Sind Bank, Sta«Tranng College, Plot No. 3, lnslllulionalArea, Seck>r 3, Near JaipKGolden Hospilal Rohn. Oen-110 005, lo b11nsact following busiless: llemNo.1

1uue of Equity SharN to Employw and �llml Dlrtc:lors of the Bink on ESPS ball (Ernpic¥lt Shn To create. gnrll. .-, issue and allot up to 5.00,00,000 (FMI crore) new equity shares of value of Rs.11:W- (Rl4>ees Ten my) each, rri(lQ part pessu wllh Ile equity shares of the Bank fa al purpose and in al respeds, fncludlng payment of dMdend, under a, Employee Share Purchase Scheme (hereinafter l'8QT8d lo as "PSB-ESPS ; In one or more i'anches, at such price or prices. and on such terms and conditions as may be decided by the Board/Committee In its abeoote discretion and kl conaider if thougltfit, pass with orWl1hout modillcallon (s) the following as Spec:111 Relolullon (1): "RESOLVED niAT pursuant kl the provisions of The Banking �nies (h:qusition and Transfer of U11dertaldngs) N:J., 1980ifheActj, TheNatiooalizedBanks(Managemerrt ndMiscellanElousPl'Mk>ns)Scheme, 1980ifheSchemt")and PunJab & Sind Bank (Shares and Meelilgs) Regulations. 2008 ("The Algulltlonli, as amended from lime i> lime and subject lo the approYalll, coose111s. permissions and sandlons, if any, of the Reeerve Bank of Ria ("RBlj, the GcMmnentof India ("GOI"), the Securities and Exchange Board of India ("SEBl"J, Stock Exchange (s) In whic Bank's ecµty shares are listed. whereYer applcable end/or any other authority as may be required 111 regard and subject kl such lerms. conditions and modrficadol IS therek> as may be pre9Cliled by them in gn¥11ing such approY8ls and whieh may be agreed to bylhe Boerd of Dractors of the Bank and subjeCt lo the provisions SEBI (Share Based Emplo)'ee Benefits) Regulations, 201-4. as amended � to date. guldellnes. if any presaibed by the �. SEBI, and al OCher releYant aulhorilies, notilicalior ciruars and clal bllous under the Bankl!lg Regulatioo N:J. 1949, Securities and Exchange Board of India /Id. 1992 and al olher applcable laws from lime to lime and subject lo the proYiaiona of SEBI (Lisllng ClJllgaliorlS and Dlscloue Requirements) Regulation& 2015 {SEBI (LODR)} as amended uplo dale, Uniform Llsllng Agreamanl enlBred ink> by Ile Bank will the SIDck EllChlrlges namely BSE Limed (BSE) and the Nationaj Stock Exchange 1:1 India l.lmiled (NSE) and NJje<:t kl any applicable approval (s}, permission (a) and sav:lon (s), at any stage, of any aulhorily and subject lo any condlllon (1) and moclllcadon (1} as may be prescrl)ed or Imposed by such aulhorilies while grantng such approval(s), pemisskln (s) and sanction (s) and which may be agreed lo and accel*l(I by ht Board O.reclora of the Bank. the consent of the lhareholdar1 the Bank be and is hereby accorded lo the Boerd cl DirectOfS of the Bank {herei1after referred lo as "the Boll'II" which ahal be deemed lo Include a aimmttee which the Boerd may ha� consliluled or/ may consli!UE, lo exerdse its powers fncludlng the powers conferred by lhs resoiution) lo aeate, grant, offer, issue and * In one or more tranmas, lo such �. which 8XIQ880l 9h8I roude 1he ManagJlg Oirecb- & Chief Execullve Olbr and ExeruliYe Dinlctr (s) ci 1he Bank ("The Employeesj, as may be decided by the Boerd, aggregating up to 5 .00,00,000 (FMl aore) new shares of face V8U! of '1 Ol-(Rupeas Ten only) each. rankrlg pari passuwilh 1heexlaling equity shares of the Bank for al pu!f)OSeland in al respeds, inclucing peymeot dMdend, under an Employee Share Pun:hase Scheme (herainatler referred lo as 'PSS-E PS;, at such price or prices, and on such lerms and conditions • may be decided by the Boerd in its absolute dlsaeliOl'I In such a way that Gowlmment llldia hold1119 doesnot below 51.00%.' PurchaeSc:hemt)

"RESOLVED FURlMER niAT 1he Sri shal conform lo 1he accounting policies as specl8ed n Regulaliori 15 of the SEBI (Share Based Employee Benefits) Regulations, 201-4 or arr; slalulory modification (s). ameu:inent (s) or re-enadment . "RESOLVED FURTHER niAT Ile Board be and IS hereby authorized lo l!ite nece8Sll'Y slep8 fer Isling of the eqllty SllM issued and alkJlled i,lder the "PSB-ESPS', on the s1oclt exchanges where the at.res of Ille Bank n lil6ed. as per the ll8rms and conditions ci 1he lKliform listing agreemems enlen!d 1n10 w1!h the stock exchanges and Olher applcable guidelines. rues and regulations.' thereof.'

"RESOLVED FURnlE niAT the Boa!d be and IS hereby authorized to implement, formulail, 9VON9, decide upon and bmJ into elfect 'PSS-E PS" oo such terms and conditions as may be decided by the Board d lo make any modification (s}, change (s). varia1ion (s), alteration (s) ex-l'9Wlion (s) in the lerms and condlbons lhe 'PSS-E PS", from lime to Ima, fncludlng but not lo, amendment (s) with nispect price. period. eligR>llity atteria orto suspend, willdraw, IBrmlna'9 or F!M98 Ile 'PSB-ESPS" n such manner 1he Board may cletemine In its sole disaelion and also to settle al queetiOns. (lfflajtieg or doli,ts that may arile In relation to the � of the 'PSS-E PS" and lo the shares to be issued l)lnU8llt kl Ile proposed 'PSB-E PS" wffhout being required lo seek any further coosent or approwl d the Shal'eholders or olierwiee the and and inteol that the Shareholdefs shal be deemed 1D haw given !her approwl lheni lo expressly by aullCriy of Ills "RESOLVED FURTHER niAT the Boerd be and is herebyauthonzed to delegale al or any dthe powers ll9l9in oomem,d it. lo the Commltee (s) of Directol1, the Managing Direcklr & Chief Executive Ollioer or ExecuM Onctor (s) or such oiler officer (s) d Iha Bank it may deem fit kl giYe elJi9ct 1he aforesaid Re9okJbons in compliance with the SEBt (Shere Based , � Bene!lts Regu1at1oos. 2014andOlherapplicable . rues and reg,.ialloos ' llilmlio.2 resolution .•

luue of Equity Shnl by way of Quallfild Pllcement

To see11 approval shmehoklers 8'aeate, oll'er, issue and a1ot Fresh Eqi,ty Shares of Value of Rs1CW-(Rupeas Ten only) each up lo an amount of Rs.500 aore by way of Qualified lnslilutional Placement. ranking peri pas90 witll lhe eJCis1irlg eqlity shares of the Bank fa al JUPOS9 and In al respects. including payment of dMdend, in one or more lnn:hes, at such pnce or prices, and on such terms and condffions as may be decided by the BoardlCanmlllee in absolde nl ID consider and if1houglltfit pass with orwilhol.rt modillcallon (s) the bllowlng as Splclll Rllolutlon (1): "RESOLVED niAT �loBanking Canpanie6 (Acquisition andTranswofUndenakngs)Ad.1980 (hereil referred klas "thtActj. Barmg Regulationh:t.1949 (herein reiemldtoas "BlnklngAct"), Punjab& Sind Bank(Shnsand Meeelng3) Regulations, 2006 � l'8QT8d toas Iha "Rlgulllionlj. the Securities and Exchange Boerd of India (Issued Caplal and Olsdoan Requnments) Ragulabons, 2009 (herein referred ID as "SSII (lCDR) Rlgullllonl") nl in acrordll ice will the applicable rues. regulations, guidelines, cirwln and clarlllcalions issued by Gowmment of India ("GOI). � Sri of lndia("RBI"). Sewities and Exchange Boerd of lndlll i8EBl"l and I or arr; olher compelent aulhoritle8 nl dfed III wiy other applicable laws, rules aod regulaliOm [lnctuding any amendment 1here!D or re-enedment thereof u ti, Ille lleinU In force), Untform UstingAgreement lllil by Iha Bank'Mlhsklckexchange! namely BSE United (BSE)Wld._� Sieck � al India Llmiled 1NSE1. SEBJ r� �11onund Oisdo$Jre �l R �

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approval, CQIIWlt permllllOllS or oll8I' iiid�ae maybe[pr-,t,ed] by[.,,] dllllllwtile[i] lUCh[llJlllftMll,] ccnm,t,,.,_[r,11] 1nlllb•orlm:lkn wmyb[�] t[b] hl OdtB[(] N •"ew l r[.] cCb y l I 118[Board). ] coneent d hi be 1111 is[hereby gnned ] kl Ile Board kl C19111, oler, NII 111d alot by[-, ] ct Clualilled lnllllk.tlional Placement Clllpeaf Vl l cl ICOR � whllherhy be holders lhe llweldfl8 Bank or / notaamaybe[appr<Mld ] by GOf RBI and as[may ] be decided bylhe Board In fl8irtlaaedon and[pem'8d ] t.-.derh[applclble ] laws 1111[reguatiollS ] for.,[9ega1a ] ll!Wtnot[fJlCC9dlg ] Rs.500 crore[(Rupees ] Ive Hl.nnd Cral9[ony] )al IUCh he or hes, al IUCh[pnce n::kdng inaun ]* n IUCh � 1111 on IUCh lllrml llld cadkn •may�� by 118 Boll'd at its abeaUe diecrelon[lnculng ] Ile dillcreliorl kl dllarlTine ..[C8lllgOllel ] cl lrMlelor'8 kl whom .. oler, illue 111d allotment cli [i][g ] the[Jll9"8lng ] market cadllons 111d odler l'8leYln facas 1111 whenMlr[neceaeary ] In consullllon wilh / s[) ] / s[) ] lead[ll8lllglll(] s) and or[ooderwrller(] and or oll8l'[ldYlaor(] • lhe Boll'd may In b aballe diacrlllorl deem • or &pplqnlB"IEIOLYED FURTHER THAT the Equty nes issued lhal rri[.] "[1)111-paNU ] will h[IXilllilg ] mae cl Ila Bid[lnculng ] dvld8ld." "IEIOLYED FURTltE THATln caaedCuaillled lnslllulional Placement[pu'SU81i:] to[Chapa'] Vlllcl COR[Regulaliln: ] a. the abnent cl Sect1t11es shal[oriy ] be to Qualled lnllMcnal[Buyers ] wlhn h[rnen,g ] cl a_. VIU d Ile ICOR � IUCh-aeculias be[Uy�] llll allolmentct IUChtea.rtllal 1h11 be[�] wllin 12 tnanfla tomlledlEdtisredllion. b The Bank,[ptB.811 ] kl[Regualion85(] 1) d IOR [Regualions. ] aulhor1zed kl offer llvnl at a cllco.n cl not men '11n Ive percent on tte price • delarmi1ed In accadal wlln h[� ] c. The AIIMrtdaleforlhe dean1rlalion ll[p] dl le 1h11 belnaccadlla wW!lle COR[� ] "'AEIOl.VED FURTHER ATforlhe[pllpOll] d[i,w,g] elrectkl h aba'l9Reeok6lna, Ile Board be 1111[hereby] amtzled 1 do al u:h adl, deeda. malin 1111[lti,gs lnculng ] but not inil9d kl lnamtion 1111[8'JPll)Y8I ] ctlle chftas wal • lnal oler[doalnenl(] a) d nl [i][g ] hi form 111d mnierclh IIIU8,[rddng ] lhec1881 cl kl whom 118 E[cµty ] Shnl n lo be issued andallol&d, runberof[Eqully ] Shafea lobe alloled. Issue price,[pt'lll1IITl ] 1rnotn illUea ltmayln Ill ... cllallfcrl deem ltllld kl ..ale al[� ] dlllculiel ordolmla httmay ne11 [l8glld ] to ht illue. ollror llannot .,IIII clfle isllJI[proceec!s] asltmay11 ***diecrelondeernlltwlthout[being ] �tolllk[111Y] .,. caiwant or[approval ] ol rTWmn or olWw!ee kl Ile end 1111 i"1t lhat tnmJe11 lhall be INned kl hlM[gNIII ] ._ lfl)lll(NllllerlkluprealybyhaulhorlyolttieReeoUion." / "RE80LYED FIJR1ltER THAT lhe Board be 1111 ls[hereby ] aullorlZed to[engage] appon Lead[Mlngerl, l.agat Advllcn. ] Undalwrlarl Brial. Advleollasmay be[naceeay] llll al u:h[agancial] •may belnvoM!d cmamadlnu:h[allring ] c[E] Slk.l [b][-] cc111,,. [b][rollarage, ] tw«lhe 11111 >to.,.i>IIII eimaa al Sllth •rm[igenwa] ,[a][gtNlllnlS. ] n1e1,101•1da. docunnl. * w9Jllucl1[agenca ] 111d tolNNlk lhe[llllilg] ctEcµty!bnl i.ued I o hl[e] w Eq utyShnsolthe Bank lilal." "RESOLVED FURTIER THAThl Boll'd be 111d ii[hereby ] autalZ8d kl form a cornmnee Dncm to[delegale] al «[.,,] of 11s[powers ] kl a Conril8e of °"8cm /[� ] Dncu & Clief El!IQM Ollcer / ElillClN[Ch:b(s) ] /[eo.p.iy ] Seaay/ohrparlOII aullorlz&d byh ea.ti klgMtellldkl ablllld '-'"1111 lsdlOltzad mllllal[� ] IWld todoal IUCh adl. deedl, IIIIDarl,[1hingl ] ana[ICalpt..,, ] llllrallone( )** °•11i1 1[1] 1) •[they may] daemitllld fq>8I' im[9MI ] suc11 dredicn •maybe[nec8lllly ] kl aetlle[.,.,queeliOl'i ] or[dlllcully ] that may ne in[regard ] kl 1eeue and� af E[qiity ] Shnl[Inducing ] bl.toot imilBd tr I[Approw,g] lhedral hllollardoalnenll �fleBlllwill_,.,odwUhcdyc,pe,10111asmayberaqand; l[Approvlng] lle irk:a lharUTWafEquty Sl.-klbealoled, bali5ct...,llllattnnof8'ily[SIM&; ] i.[Amllging ] Iha[� ] 111d 8X8CUtion d al oonracla,[a][greements ] 1111 al olher[doa.r!alll, ] deeds 111d lnlWnenla • may be[reqlired] ordesll'able oonnedlon wllh the illue d[E] S haree; IY.[Opening ] IUCh.BankAcootlll'II as maybe� for Iha[� ] v To do al IUCh acts deeda, maners 1111[lhrGS ] n:I UIICUii al IUCh DIiler doalnerill llld pey al IUCh fllll, • I[IIIIIJ, ] In la abP dllC:rallon. deem[necessary] ordeliatlleforlhe[JUP019] clh nll8lk:flon; vi. To make al u:h* [n][ a] 1 w ![a] [ppropliam ] aulhoritiel 1111 make 118[neoeeuy 19gUiauyllnga ] In hi regiwa: w [Malq applcaliili] 11 for[liellng ] of Iha[8'ily ] Shares ol Bank on lhe 8b:X B [l] s [)] whn fl8[equiy ] stwll dfle B;rinliRacl. a, ordar 8omd of Dnctln °'"' For PUNJAB & SIi) BANK Pllct: .... D11111 (SHllilllllbt' Dllil: 1U2.2111 ...... D&CEO

!-YOTING

• The l'9ITlOIII[HO&,g pe,tod begins ] on T[uesday ] 12th Ma!tn, 2019 at 10.00 a.m. and ends on[Ttulday] , 1-41h March 2019, at 5[p] .m.[DI.mg ] 1111[penod] , lhanlllolders cl the Bank.[hokfilg ] 8harel ell1er in[physical ] form°' in demawlallzed form, • on the cuklff dale i.e. 08lh M 219, m *ay cast tiar'OIII elearon,c[a] . The[&->«lg ] mocUe shall be ltaabled byCOSlfor dY,i hlnlefttw 1111 11111118[� ] 1h11 not be a[b] [eylJ1d ] 5.00 PM 14ts Mlrch 2019. Once Ile 'Ole on a k[�] . l8900Cionlsc811ed[by] lhemeniier, lhemernberlhlllnctbealowedkl[dwlgl] •The[VOiing nghls] of rTWmn 8hal be II[proponioo ] mhi'.,.. ol[paid 141 equlty] 81181'8[capllal ] aflhe Bank on Iha a.­ off dale of 08lh March, 2019 •[krf parlOII ] who[qne ] lhll1II of h Bank 1111 became Member of 118 Bank aller[ciepat;tl ] ci 118 No1ioa 111d[�] ataes onali-ofdma, Le 08lh March. 2019may'Mtle Regil1Jw&Shn Tnnflr.-aflhe en. *Wsl.Ht li*l19 n:ia (P) UI., or aend., emal at[�] .com to oblail logil ID 111d[pasaword ] for[p][artcipallng ] In HOfl,g • The[facllty ] for['l'Oli'lg hougl1 ] belot[paper ] 1h11 be made IYllillble at Iha EGM and the "1lben[8lllndlng ] hi[meetir41 ] who haw nct llw'Olllby[e-WJlilg] lihll beableklecarcilehi'[��] ·tie[lllNqho.ql ] Ollot[peper. ] • The members who hive cast lllair wit[by ] l8l'lde[HOiing ] may aDatld lhe EGM tM 1h11 not be kl cast hi' wit again.

• The reds declnd,[alongwllh ] lhe[repat ] af Iha Saullnlzw 9hal be[pll<I ] on the webell9 of the Bink www[.pebindla] .com and on 118 welllile d COSl lnmeclally after hi declanlllon d red by lhe Chairnwl or•[parlOll ] alhlrlzad by'" In wrlilg The rads lhll *b i,1b waded kl Sto.[Exchqes] whnetllB[IIQlily] .,_dh Brin 11169d. n In catl8 yai hive eny[�] or ....[regMlirlg HOiing ] yai may refer the[� ] Ased CMellOlle[t'FAQl")] HCln;lflWUII atwww.[�] comllldar[hllp] l8Cliorl nanemalkl[��] or cal lk. Wenclllalll Flflldo[Depiiy Mngar] . COSL 25111 loor, A W[111g] , Maralhon FIUIX. MafalW ...[�] � I Joali[Marg] . LOllllllr Pinll (E[) ] Mllllbal-i00013. Phon&-1!Kl0225533 «Cal ... Blwat Btuhlll,AIIOCiile � LHt lollme his Pyt, Lil, Nollll[1wJis. ] tit Acor. Pict No Ni 2, LSC C-1[E1b:t. ] ,_. Se! ....._* FF New0ef,i..110058Phone·� 1141410592 93,94Fax:+91114f410581orWlillaner'llllkl[�]