Issue of Equity

LISTING AGREEMENT: CLAUSE 36

SBI RIGHTS ISSUE 2008: ALLOTMENT OF 604 RIGHTS SHARES

KEPT IN ABEYANCE

In terms of clause 36 of the Listing Agreement, we advise that the Executive Committee of Central Board of the Bank has approved allotment of 604 Rights Shares to eligible shareholders under the SBI Rights Issue -2008. Allotment of aforesaid shares was kept in abeyance as the Equity Shares issued earlier, on which the Rights were offered, were subject matter of title disputes/sub-judice and the same are allotted after resolution of the dispute.

General Manager