Issue of Debt

LISTING AGREEMENT: CLAUSE 36 MEDIUM TERM NOTE PROGRAMMEUNDER REGULATION-S, GLOBAL NOTES

In terms of Clause 36 of the Listing Agreement, we advise that State Bank of India has concluded an issue of EURO 750 Mio Senior Debt, Fixed Rate Bonds, under the Medium Term Note (MTN) Programme, having a maturity of 5 years at a coupon of 4.50% p.a. payable annually in the form of Regulation-S Global Notes. The Bonds will be issued through our London branch as of 30th November, 2010 and shall be listed on Singapore Exchange.

General Manager