Directorate Change

Sub : Axis Bank Limited - Decisions taken at Board Meeting held on 16th January, 2013

At the meeting of the Board of Directors of the Bank held on 16th January, 2013, the following decisions were taken :

1. To appoint Dr. Sanjiv Misra, former Secretary, Department of Expenditure, Ministry of Finance, Government of India and former Member of Finance Commission as the Non-Executive Chairman of the Bank. As the term of the present Chairman, Dr. Adarsh Kishore comes to an end on 7th March, 2013, Dr. Sanjiv Misra will thereafter take over as the Non-Executive Chairman w.e.f. 8th March, 2013 or any other date as may be approved by RBI.

2. To appoint Shri Rohit Bhagat, former Chairman, Asia Pacific, BlackRock Inc. as an additional Independent Director of the Bank with immediate effect.