General Updates

The Listing Department, The Listing Department, BSE Limited, National Stock Exchange of India Limited, Phiroje Jeejeebhoy Towers, Exchange Plaza, 5th Floor, C / 1, ‘G’ Block, 25th Floor, Dalal Street, Bandra Kurla Complex, Bandra (East), Mumbai – 400001 Mumbai – 400051 BSE SCRIP Code: 500112 NSE SCRIP Code: SBIN CC/S&B/AND/2026-27/ 09.07.2026 Madam / Sir, Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 Updates on IPO of SBI Funds Management Limited This is in relation to the initial public offering of SBI Funds Management Limited (“SBIFM”), a subsidiary company of State Bank of India (“Offer”) and in furtherance to our letter no. CC/S&B/AND/2026-27/280 dated July 8, 2026 with regards to filing of the red herring prospectus dated July 8, 2026 (“RHP”) by SBIFM in relation to the Offer. In this respect, we further advise as under: Pursuant to Regulation 30 and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we advise that the State Bank of India has entered into share purchase agreements each dated July 9, 2026 to sell, in aggregate, 2,88,32,748 equity shares of SBIFM of face value Rs. 1 (one) each (“Equity Shares”), being equivalent to 1.4156% of pre-Offer share capital of SBIFM, to a total of 30 (thirty) investors at Rs. 574.00 per Equity Share, for an aggregate consideration of Rs. 1,655.00 crores, subject to fulfilment of conditions precedent in the respective share purchase agreements. (“Pre-IPO Transaction”). Investor-wise details of the aforementioned transaction are annexed as Annexure A. The details required in terms of SEBI Master Circular no. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026 are annexed as Annexure B. This is for your information and appropriate dissemination. Yours faithfully, (Aruna N Dak) DGM (Compliance & Company Secretary) Encl: A/a