INVESTMENT IN OPEN NETWORK FOR DIGITAL COMMERCE

AXIS/CO/CS/678/2021-22

March 23, 2022

Dear Sir(s),

SUB: INVESTMENT IN OPEN NETWORK FOR DIGITAL COMMERCE

REF: REGULATION 30 READ WITH PARA A OF SCHEDULE III OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015

This is to inform you that Open Network for Digital Commerce ("ONDC") has on March 22, 2022 allotted Axis Bank Limited ("Bank") 10,00,000 equity shares of face value of Rs. 100 each for a consideration of Rs. 10,00,00,000. Post allotment, the shareholding of the Bank in ONDC is 7.84%.

The details as required under the Listing Regulations are provided in Annexure A.http://www.rns-pdf.londonstockexchange.com/rns/7374F_1-2022-3-23.pdf

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

Thanking you,

Yours faithfully,

For Axis Bank Limited

Sandeep Poddar

Company Secretary

Encl: As above.