Axis Bank Ltd.

AXIS Bank has informed that in relation to the existing Global Medium Term Notes (GMTN) of Axis Bank Limited (the Bank), S&P Global Ratings (S&P) has assigned BB- to the Additional Tier 1 Notes (AT1 Notes) and BBB rating to the Senior Notes issued by Axis Bank, Gift City Branch under the Bank’s GMTN programme. The rating rationale letters are attached.

The above information is a part of company’s filings submitted to BSE.