Issue of Equity

Qualified institutions placement of equity shares of Rs. 10 each ("Equity Shares") by Axis Bank Limited (the "Bank") under the provisions of Chapter VIII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended ("SEBI ICDR Regulations") to qualified institutional buyers ("QIBs") as defined under Regulation 2(1)(zd) of the SEBI ICDR Regulations

We wish to inform you that, in respect of our equity issue under Qualified Institutions Placement in terms of Chapter VIII of the SEBI ICDR Regulations, the committee of the Board has, decided to issue and allot today (i.e. February 4, 2013), 34,000,000 Equity Shares at a price of Rs. 1,390 per Equity Share (including a premium of Rs. 1,380 per Equity Share), aggregating to Rs. 47,260 million.