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/2026-27/301 16.07.2026 Madam / Sir, Disclosure under Regulation 30 of the SEBI (LODR) Regulations, 2015 Update 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 with the Registrar of Companies, Mumbai – I at Mumbai by SBIFM in relation to the Offer (“RHP”), and our letter no. CC/S&B/AND/2026- 27/ dated July 9, 2026 and letter no. CC/S&B/AND/2026-27/288 dated July 10, 2026 each with regard to the Pre-IPO Transaction and our letter no. CC/S&B/AND/2026-27/289 dated July 11, 2026 with regards to filing of the addendum dated July 10, 2026 to the RHP (“Addendum”). In this respect, we further advise as under: State Bank of India has been informed that the Offer Price for the Offer has been decided to be Rs. 574.00 per Equity Share. An employee discount of Rs. 54.00 per Equity Share was offered to Eligible Employees in accordance with the terms and conditions stipulated in the RHP read with the Addendum. 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 as annexed. (This announcement does not constitute an invitation or offer of securities for sale and is not an offer of securities for sale in any jurisdiction, including the United States. Any securities referred to herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "Securities Act") or any US state securities laws, and may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with any applicable US state securities laws. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. Defined terms used herein and not specifically defined shall have the meaning ascribed to such terms in the RHP.) This is for your information and appropriate dissemination Yours faithfully, (Aruna N Dak) DGM (Compliance & Company Secretary) Encl: A/a