PAYMENT OF DIVIDEND AND BOOK CLOSURE

The Board of Directors of Axis Bank at its meeting held today has taken the following decisions :

1. PAYMENT OF DIVIDEND FOR THE YEAR 2010-11

The Board of Directors of the Bank has recommended the payment of dividend @ Rs. 14 per equity share i.e. 140% on equity shares of the Bank and the same will be payable after it is approved by the shareholders at the 17th Annual General Meeting scheduled to be held on 17th June, 2011 at Ahmedabad.

Further, it is proposed to pay Dividend on 18th June, 2011 to the shareholders whose names stand on the Register of Members on 10th June, 2011 and ECS credit/dispatch of the dividend warrants would commence on 18th June 2011 and is expected to be completed on or before 27th June 2011.

2. BOOK CLOSURE -10TH JUNE, 2011 TO 17TH JUNE, 2011 (BDI)

The Register of Members and the Share Transfer Books of the Bank will remain closed from Friday, the 10th June, 2011 to Friday, the 17th June, 2011 (both days inclusive) for the purpose of the Seventeenth Annual General Meeting of the Bank and for determining the entitlement of dividend declared for the year ended 31st March, 2011. All shareholders whose names will appear on the Register of Members of the Bank as on 10th June, 2011, will be entitled to receive the dividend.