General Updates

Jammu and Kashmir Bank Limited Corporate Headquarters T +91 (0)194 248 3775 W www.jkb.bank.in M A Road, Srinagar 190001 F +91 (0)194 248 1928 E board.sectt@jkbmail.com Kashmir, India CIN: L65110JK1938SGC000048 Board Secretariat Ref:-JKB/BS/F3652/2026/75 Date: 14th July, 2026 National Stock Exchange of India Limited The BSE Limited Exchange Plaza 5th Floor Phiroze Jeejeebhoy Towers Plot No. C/1 G-Block Dalal Street Bandra Kurla Complex Mumbai – 400 001 Bandra (E) Mumbai – 400 051 Scrip Code: 532209 Symbol: J&KBANK Sub:- Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Proposed Divestment of Stake in PNB MetLife India Insurance Company Limited Dear Sirs, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that the Bank proposes to divest 1,02,47,348 equity shares constituting 0.50% of the paid-up share capital of PNB MetLife India Insurance Company Limited (“PNB MetLife”) to MetLife International Holdings, LLC at a price of ₹117.20 per equity share, aggregating to ₹120,09,89,186/-. The Board of Directors of the Bank, at its meeting held on January 20, 2026, had accorded approval for the proposed divestment of the aforesaid stake. Upon review, the competent authority determined on July 14, 2026, that the transaction qualifies as a material event requiring disclosure. Accordingly, the present disclosure is being made under Regulation 30 of SEBI (LODR) Regulations, 2015. The proposed transaction has not been set in motion yet, and remains subject to execution of definitive documentation, and completion of other necessary formalities. The details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P /0155 dated November 11, 2024 are enclosed herewith. This is for your information and appropriate dissemination. Thanking you Yours faithfully For Jammu and Kashmir Bank Limited (Mohammad Shafi Mir) Company Secretary Jammu and Kashmir Bank Limited Corporate Headquarters T +91 (0)194 248 3775 W www.jkb.bank.in M A Road, Srinagar 190001 F +91 (0)194 248 1928 E board.sectt@jkbmail.com Kashmir, India CIN: L65110JK1938SGC000048 Board Secretariat Details as required under the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are given below: Particulars Details 1 Name of the target entity PNB MetLife India Insurance Company Limited Proposed sale/disposal of equity shares held by Jammu and 2 Nature of the transaction Kashmir Bank in PNB MetLife India Insurance Company Limited 3 Name of the purchaser/acquirer MetLife International Holdings, LLC Details of shares proposed to be 4 1,02,47,348 equity shares sold Percentage of shareholding 0.50% of the paid-up share capital of PNB MetLife India proposed to be disposed of Insurance Company Limited 6 Consideration Cash consideration at ₹117.20 per equity share 7 Aggregate transaction value ₹120,09,89,186/- Purpose/rationale for the Divestment of a portion of the Bank's shareholding in PNB transaction MetLife India Insurance Company Limited Shareholding of the Bank before 9 3.034 % the transaction Shareholding of the Bank after the 10 2.534% (post-completion of the proposed transaction) transaction Whether the transaction would 11 result in change in control of the No target entity Whether the transaction is a 12 No related party transaction Approved by the Board of Directors of the Bank at its 13 Board approval meeting held on January 20, 2026 Subject to execution of definitive documentation, receipt Expected time period for 14 of requisite approvals and completion of other necessary completion formalities Regulatory/statutory approvals Applicable approvals, if any, and completion of customary required closing conditions and formalities PNB MetLife India Insurance Company Limited is a life Brief background of the target insurance company incorporated in India and registered entity with the Insurance Regulatory and Development Authority of India (IRDAI) Determination of the materiality of the said transaction 17 Reason for the intimation with regard to the materiality policy of the Bank as concluded by the Competent Authority