Grant of stock options / units

AXIS/CO/CS/615/2022-23

March 24, 2023

Dear Sir(s),

Ref.: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations").

Sub.: Grant of stock options / units.

This is to inform you that the Nomination and Remuneration Committee of the Board of Directors of the Bank ("NRC") at its meeting held today, has granted stock options/units to the eligible employees of the Bank as under:

(a) 1,31,00,000 stock options of the Bank at an exercise price of Rs. 848.80/- per option under the Axis Bank Employees Stock Option Scheme 2000-01.

(b) 32,00,000 stock units of the Bank at an exercise price of Rs. 2/- per unit under the Axis Bank Employees Stock Unit Scheme, 2022.

Disclosure as required under SEBI Circular dated September 9, 2015 is enclosed as Annexure A for your reference.

http://www.rns-pdf.londonstockexchange.com/rns/1829U_1-2023-3-24.pdf

This is for your information and records.

Thanking You.

With warm regards,

For Axis Bank Limited

Sandeep Poddar

Company Secretary