Axis Bank| AXIS/CO/CS/213/2021-22

August 6, 2021

Listing & Compliance Department Listing Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, 5th Floor 1st Floor, New Trading Ring, Rotunda Building Plot No. C/1, “G” Block P. J. Towers, Dalal Street Bandra-Kurla Complex Fort, Bandra (E), Mumbai – 400 051 Mumbai – 400 001

NSE Symbol: AXISBANK BSE Scrip Code : 532215

Dear Sirs,

SUB: CLARIFICATION ON SOCIAL MEDIA NEWS RELATING TO AXIS BANK LED CONSORTIUM EXPOSURE TO FUTURE GROUP

We draw your attention to certain messages on social media wherein it is mentioned that an Axis Bank Limited led consortium has an exposure of Rs 16,000 cr to the Future group. In this context, the Bank has received queries seeking more information on its exposures to the Future group.

Accordingly, we clarify that Axis Bank’s outstanding as on June 30, 2021 to Future group entities is as set out in the table below:

Entities Outstanding Fund Outstanding Non Fund Total Based Based Future Enterprises Limited 151 13 164 Future Retail Limited 250 55 305 Other Future group entities 158 21 179 All amounts in Rs Crore, rounded off to nearest Rs crore

Other Future group entities comprises the aggregate of exposures to Future Lifestyle Fashions Ltd, Iskrupa Mall Management Company Pvt Ltd, Shree Balaji Ethnicity Retail Ltd, Nufuture Digital (India) Ltd, Rachika Trading Pvt Ltd, Galaxy Cloud Kitchens Limited, Galaxy Entertainment Corporation Ltd, and Indus Tree Producer Transform Private Limited.

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

Thanking you,

Yours Sincerely, For Axis Bank Limited

Girish V. Koliyote Company Secretary

AXIS BANK Legal & CS: Axis House, Wadia International Centre, Pandurang Budhkar marg, Worli, Mumbai 400 025 Registered Address: "Trishul" - 3rd Floor, Opp. Samartheswar Temple, Near Law Garden, Ellisbridge, Ahmedabad - 380006. Telephone No.: 079-26409322 Fax No.: 079-26409322 CIN : L65110GJ1993PLC020769 Website: www.axisbank.com