General Updates

July 4, 2026 BSE Limited National Stock Exchange of India Limited Listing Department Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza, 5th floor Dalal Street Plot No. C/1, G Block Mumbai 400 001 Bandra-Kurla Complex Bandra (East) Mumbai 400 051 Dear Sir/Madam, S Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) Pursuant to Regulation 30 of the Listing Regulations, and in furtherance of our disclosure dated May 18, 2026, this is to inform you that ICICI Bank Limited (Bank) has entered into a Letter of Undertaking today i.e. July 4, 2026 at 3:26 p.m. with Prudential Corporation Holdings Limited (Prudential) (Undertaking) pertaining to non-exercise of certain rights by Prudential relating to our subsidiary ICICI Prudential Life Insurance Company Limited (Company), subject to approval of the Company’s Board of Directors and/or other statutory/regulatory approvals (to the extent applicable). In view of the above, the requisite details regarding the Undertaking are set out in Annexure, in terms of the Listing Regulations and the SEBI Master Circular dated January 30, 2026. Kindly take note of the above. Yours sincerely, For ICICI Bank Limited Prachiti Lalingkar Company Secretary Encl.: as above Copy to: (i) New York Stock Exchange (NYSE) (ii) SIX Swiss Exchange Ltd. (iii) Singapore Stock Exchange (iv) Japan Securities Dealers Association Annexure Particulars Disclosure 1. If the listed entity is a party to Counterparty: Prudential Corporation Holdings the agreement, details of the Limited (Prudential). counterparties (including name and relationship with Relationship: ICICI Bank Limited (Bank) and the listed entity). Prudential are joint promoters of ICICI Prudential Life Insurance Company Limited (Company). 2. If the listed entity is not a Not applicable party to the agreement: a. name of the party entering into such an agreement and the relationship with the listed entity; b. details of the counterparties to the agreement (including name and relationship with the listed entity); c. date of entering into the agreement. 3. Purpose of entering into the Prudential has entered into definitive agreement. agreements on May 17, 2026 with Bharti Life Ventures Private Limited, 360 ONE group and Bharti Life Insurance Company Limited (Bharti Life), pursuant to which Prudential has agreed to acquire a 75% stake in Bharti Life (Proposed Transaction) subject to receipt of applicable regulatory approvals and the satisfaction of certain conditions. To mitigate any potential conflict of interest in the management of the Company pursuant to the Proposed Transaction, the Bank and Prudential have entered into a Letter of Undertaking today. 4. Shareholding, if any, in the Bank and Prudential do not hold any entity with whom the shareholding in each other. agreement is executed. 5. Significant terms of the In view of the Proposed Transaction, the agreement (in brief). Company will be applying to the Insurance Regulatory and Development Authority of India (IRDAI) for reclassification of Prudential from ‘promoter’ to ‘investor’ under IRDAI laws. The Undertaking sets out certain aspects relating to the inter-se rights of the Bank and Prudential during the period from the date of submission of such application to the IRDAI (Start Date) until closing of the Proposed Transaction or such other date as directed by the IRDAI in writing (End Date). In the event the Company decides to change its name to remove the word “Prudential” in view of the reclassification, Prudential will undertake necessary steps to support the Company. Prudential will also coordinate with Company on matters including the transition and/or limited usage of the “Prudential” brand name and the iciciprulife.com domain name. Additional details regarding the significant terms are set out in sr. no. 6 below. 6. Extent and the nature of There is no impact on the management or control impact on management or of the Bank. control of the listed entity. The impact is on the management of the Company as under: a. Prudential shall abstain from voting on any matters requiring a special resolution, so long as such matter requiring a special resolution does not adversely impact any right or interest of Prudential in the Company. This abstinence shall be effective from the Start Date to the End Date; b. Prudential shall arrange for the resignation of its nominee director on the Board of the Company, with effect from the date on which Company approves the aforementioned reclassification application. Further, Prudential shall not nominate another director on the Board of the Company from the Start Date to the End Date; and c. With effect from the date on which Prudential’s reclassification from ‘promoter’ to ‘investor’ becomes effective, the Bank shall vote in favour of the appointment / replacement of one director to be nominated by Prudential on the board of the Company, subject to Prudential: (i) holding 10% shareholding in the Company; and (ii) not holding promoter status or more than 10% shareholding in another life insurance company in India. 7. Details and quantification of Not applicable the restriction or liability imposed upon the listed entity. 8. Whether the said parties are Bank and Prudential are joint promoters of the related to promoter / Company. promoter group / group companies in any manner. If yes, nature of relationship. 9. Whether the transaction No. The Undertaking does not qualify as a would fall within related related party transaction since no transfer of party transactions? If yes, resources, services or obligations is taking place whether the same is done at between the Bank and Prudential. “arm's length”. 10. In case of issuance of shares Not applicable to the parties, details of issue price, class of shares issued. 11. Any other disclosures related Please refer to sr. nos. 5 and 6 above. to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc. 12. In case of recission, Not applicable amendment or alteration, listed entity shall disclose additional details to the stock exchange(s): i. name of parties to the agreement; ii. nature of the agreement; iii. date of execution of the agreement; iv. details and reasons for amendment or alteration and impact thereof (including impact on management or control and on the restriction or liability quantified earlier); v. reasons for rescission and impact thereof (including impact on management or control and on the restriction or liability quantified earlier).