Agreements

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/F3652/2026/163 Date: 16th October, 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 Dear Sirs, In furtherance to our letter no.’s JKB/BS/F3652/2026/75 dated 14thJuly, 2026 & JKB/BS/F3652/2026/129 dated 21st September, 2026 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please be informed that the Bank has today i.e. 16th October, 2026 successfully completed the transaction with MetLife International Holdings, LLC, Barclays Securities (India) Private Limited, Barclays Wealth Trustees (India) Private Limited and Barclays Bank PLC, for the sale of shares of PNB Metlife India Insurance Company Limited, at a price of ₹117.20 per equity share, aggregating to ₹120,09,89,186/-, by way of transfer of shares by the Bank, and remittance of sale consideration from MetLife International Holdings, LLC. 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. 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: Sr. No. Particulars Details Name(s) of parties with whom the 1. 1. MetLife International Holdings, LLC; agreement is entered 2. Barclays Securities (India) Private Limited; 3. Barclays Bank PLC 4. Barclays Wealth Trustees (India) Private Limited. 2. Purpose of entering into the agreement Jammu and Kashmir Bank Limited – the Seller, and MetLife International Holdings, LLC – the Purchaser, have entered into a Share Purchase Agreement dated 17th July, 2026, for the acquisition of 0.5% stake in PNB Metlife India Insurance Company Limited. As per the Share Purchase Agreement, the Company (the Seller) and the Purchaser, had agreed to enter into an Escrow Agreement, which was executed on 21st September, 2026, for the deposit and transfer of the shares as well as the consideration through an independent Escrow Agent to secure the interests of both parties. The Bank does not have any shareholding in Shareholding, if any, in the entity with 3. the entity with whom the agreement is whom the agreement is executed. executed. Significant terms of the agreement (in The Share Purchase Agreement dated 17th July brief) special rights like right to appoint 17, 2026, was entered into by the parties, for directors, first right to share subscription the acquisition of 0.5% stake in PNB Metlife in case of issuance of shares, right to India Insurance Company Limited, and for restrict any change in capital structure setting out the terms of such transfer, and the etc. Escrow Agreement was entered into by the Company and MetLife International Holdings, LLC, for the appointment of Barclays Wealth Trustees (India) Private Limited as the Share Escrow Agent, and Barclays Bank PLC, as the Cash Escrow Agent, for the deposit and transfer of the equity shares and purchase consideration, respectively, in order to protect the interests of both parties, and effectuate the transaction. Apart from the foregoing, no special rights were assigned by the Company or MetLife International Holdings, LLC, in favour of the Escrow Agents . 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 Whether, the said parties are related to No, the listed entity is not related to MetLife promoter/promoter group/group International Holdings, LLC, the Escrow Agents companies in any manner. If yes, nature or to PNB MetLife India Insurance Company of relationship. Limited Whether the transaction would fall within No, the transaction is not a related party 6. related party transactions? If yes, whether transaction. the same is done at “arm’s length”. Fully paid-up equity shares, each having a face In case of issuance of shares to the value of INR 10 (Indian Rupees Ten Only) and 7. parties, details of issue price, class of carrying one vote per equity share. shares issued. Any other disclosures related to such agreements, viz., details of nominee on 8. the board of directors of the listed entity, None potential conflict of interest arising out of such agreements, etc. In case of termination or amendment of agreement, listed entity shall disclose additional details to the stock exchange(s): name of parties to the agreement; 9. Not applicable nature of the agreement; date of execution of the agreement; details of amendment and impact thereof or reasons of termination and impact thereof.