Notice of Offer for Sale of shares by Promoter & Floor Price

• Security Code: 532215
• Company: AXISBANK

The Specified Undertaking of the United Trust of India (the "Seller") proposes to sell up to 50,759,949 (1.98%) equity shares of face value of Rs. 2 each of AXIS Bank Ltd (the "Company") ("Base Offer Size"), on February 12, 2019 ("T day"), (for non-Retail Investors only) and on February 13, 2019 ("T+1 day") (for Retail Investors and non-Retail Investors who choose to carry forward their un-allotted bids) with an option to additionally sell 26,337,187(1.02%) equity shares of the Company (the "Oversubscription Option" and in event the Oversubscription Option is exercised, the equity shares forming part of the Base Offer Size and the Oversubscription Option will, collectively, hereinafter be referred to as "Offer Shares". In case the Oversubscription Option is not exercised, the equity shares forming part of the Base Offer Size will hereinafter be referred to as "Offer Shares") through a separate, designated window of the BSE Limited (the “BSE”) and the National Stock Exchange of India Limited (the "NSE" and together with BSE, the "Stock Exchanges", collectively representing 3% of the total paid up equity share capital of the Company on [December 31, 2018], and such offer hereinafter referred as the "Offer").

- Date and time of the opening and closing of the offer

The Offer shall take place on a separate window of the Stock Exchanges on February 12, 2019 ("T" day) and February 13, 2019 ("T+1"day) from 9:15 a.m. to 3:30 p.m. (Indian Standard Time) on both days, as per details given below.

For non-Retail Investors:

1. February 12, 2019 (Tday): Non-Retail Investors can place their bids only on the T day. While placing their bids the non-Retail Investors may indicate their willingness to carry forward their unallotted bids to T+1 day (defined below) for allocation to them in the unsubscribed portion of Retail Category (defined below);

2. February 13, 2019 (T+1 day):Such non-Retail Investors who have placed their bids on T day and have chosen to carry forward their un-allotted bids to T+1 day, shall be allowed to revise their bids on T+1 day as per the OFS Guidelines.

For Retail Investors (defined below)

1. February 13, 2019 (T+1 day) : Retail Investors shall be allowed to place their bids only on T+1 day.

- Floor Price

The floor price for the Offer shall be INR 689.52 (Indian Rupees Six Hundred Eighty Nine Rupees and Fifty Two Paisa) per equity share of the Company.