Modifications in the Scheme of Acquisition

The Executive Director, Bombay Stock Exchange Ltd., Listing Department, Phiroze Jeejeebhoy Tower, 25th Floor, Dalal Street, Mumbai - 400 001

LISTING AGREEMENT: CLAUSE 36 PROPOSED ACQUISITION OF STATE BANK OF INDORE

MODIFICATIONS IN THE SCHEME OF ACQUISITION In terms of Clause 36 of the Listing Agreement, we advise that the Central Board of the Bank, at its meeting held at Mumbai on 19th March 2010, has approved a revised Draft Scheme of Acquisition of State Bank of Indore by State Bank of India, which incorporates the modifications as indicated by the Reserve Bank of India. The said scheme is subject to approval by the Reserve Bank of India and the Government of India, under Section 35 of the SBI Act.

Yours faithfully,

General Manager Encl: As above