BOARD MEETING TO CONSIDER RAISING OF CAPITAL.

AXIS/CO/CS/147/2020-21

29th June 2020

Dear Sirs,

SUB: PRIOR INTIMATION OF THE DATE OF BOARD MEETING OF AXIS BANK LIMITED TO CONSIDER PROPOSAL RELATING TO RAISING OF CAPITAL.

REF: REGULATIONS 29 (1) (d) OF Securities and Exchange Board of India (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 READ WITH CIRCULAR NO. SEBI/HO/CFD/CMD1/CIR/P/2020/63 DATED 17TH APRIL 2020, ISSUED BY Securities and Exchange Board of India.

Notice is hereby given that a meeting of the Board of Directors of Axis Bank Limited ("the Bank") will be held on Thursday, 2nd July 2020 to inter alia, explore the option of raising funds by issue of equity shares/ depository receipts and/or any other instruments or securities representing either equity shares and/or convertible securities linked to equity shares including through Qualified Institutions Placement (QIP)/ American Depository Receipts (ADRs)/ Global Depository Receipts (GDRs) program, preferential allotment or such other permissible mode or combinations thereof as may be decided, subject to approval of the shareholders of the Bank and receipt of other governmental/ regulatory/ statutory approvals at an appropriate time, as applicable.

You are requested to take note of the above and arrange to bring the same to the notice of all concerned.

Thanking you,

Yours sincerely,

For Axis Bank Limited

Sd-

Girish V. Koliyote

Company Secretary