General Updates

BCC:ISD:118:16:435 21-08-2026 The Vice-President, The Vice-President, B S E Ltd., National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, Dalal Street Bandra Kurla Complex, Bandra (E) Mumbai – 400 001 Mumbai – 400 051 BSE CODE-532134 C ODE-BANKBARODA Madam / Dear Sir, Re: Bank of Baroda – Raising of Senior /Unsecured /Fixed Rate / Reg S Bond under MTN programme Pursuant to Regulation 30 and other applicable provision of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, we advise that Bank of Baroda has concluded the issuance of additional USD 400 Mn Senior Unsecured Reg-S, Fixed Rate Notes (at All-in-Yield 5.389% p.a.) having original maturity of 5 years and original coupon of 5.318% p.a. payable semi – annually in arrears under Regulations – S as a tap of its existing outstanding Fixed Rate Note due 20th Aug 2031 (XS3424472010). These bonds will be issued through our IFSCBU Gift city, Gandhinagar branch as of 27th August 2026 and shall be listed on Singapore Stock Exchange, India INX Gift City and NSE -IX Exchange Gift city. We further, advise ratings from various rating agency in connection with the issuances of US$ notes under MTN programme as under: Particulars Rating Agency Ratings XS3424472010 Fitch Ratings BBB- XS3424472010 S&P Global Rating BBB XS3424472010 CareEdge Global BBB+/Stable The detailed report is enclosed. You are requested to take notice under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and disseminate the information to the stakeholders. Yours faithfully, S Balakumar Company Secretary बडौदा कॉप(cid:574)रेट स(cid:581)टर, सी-26, जी-(cid:222) लॉक, बा(cid:219)(cid:289)ा कुला(cid:91) कॉ(cid:224) (cid:220) ल(cid:200)े स, मुंबई 400 051, भारत. Baroda Corporate Centre, Bandra Kurla Complex, Mumbai 400 051, India फोन / Ph : 91 22 6698 5812 ई मेल / E Mail : companysecretary.bcc@bankofbaroda.bank.in वेब / Web : www.bankofbaroda.bank.in d67ca9093f08dc384862a4da488fd7ee Mr. Nishant Ranjan Chief General Manager & Head International Banking Division Bank of Baroda 4th Floor, Baroda Corporate Centre C-26, G-Block, Bandra Kurla Complex Bandra (E), Mumbai-400051 21 August 2026 Dear Mr. Ranjan, Re: Rating Confirmation regarding ratings of Bank of Baroda’s US$400 Million 5.318 per cent Senior Notes due 2031 This letter is provided in response to a request for confirmation of the ratings with respect to Bank of Baroda’s tap issuance of US$400 Million 5.318 per cent Senior Unsecured Notes due 2031 to be consolidated and form a single series with the US$300 Million 5.318 per cent Senior Unsecured Notes due 2031 to amount to US$700 Million 5.318 per cent due 2031 under the US$4 Billion Medium Term Note program with reference to the pricing supplement dated 21 August 2026 provided by the issuer. Fitch (see definition below) hereby confirms that, based on the information provided to Fitch, the tap issuance will not result in a withdrawal or downgrade on the ratings assigned by Fitch to Bank of Baroda as listed on Fitch’s public website under: https://www.fitchratings.com/entity/bank-of-baroda-80360486 • Senior Unsecured Long-Term Rating at ‘BBB-’ • Senior Unsecured Long-Term Rating (xgs) at ‘BB(xgs)’ This ratings confirmation only addresses the effect of the tap issuance on the current ratings assigned by Fitch to Bank of Baroda’s US$700 Million Senior Unsecured Notes. This ratings confirmation does not address whether the tap issuance is permitted by the terms of the documents. This ratings confirmation does not address whether the tap issuance is in the best interests of, or prejudicial to, some or all of the holders of the US$700 Million Senior Unsecured Notes. The ratings assigned by Fitch are based on the documents and information provided to us by the issuer and other parties and are subject to receipt of final closing documents. In issuing and maintaining its ratings, Fitch relies on factual information it receives from issuers and underwriters and from other sources Fitch believes to be credible. Fitch conducts a reasonable investigation of the factual information relied upon by it in accordance with its ratings methodology, and obtains reasonable verification of that Page 1 of 4 Fitch Ratings Ltd 30 North Colonnade, Canary Wharf, London E14 5GN +44 (0) 20 3530 1000 www.fitchratings.com Registered in England and Wales No. 1316230 d67ca9093f08dc384862a4da488fd7ee information from independent sources, to the extent such sources are available for a given security or in a given jurisdiction. The manner of Fitch’s factual investigation and the scope of the third-party verification it obtains will vary depending on the nature of the rated security and its issuer, the requirements and practices in the jurisdiction in which the rated security is offered and sold and/or the issuer is located, the availability and nature of relevant public information, access to the management of the issuer and its advisers, the availability of pre-existing third-party verifications such as audit reports, agreed-upon procedures letters, appraisals, actuarial reports, engineering reports, legal opinions and other reports provided by third parties, the availability of independent and competent third-party verification sources with respect to the particular security or in the particular jurisdiction of the issuer, and a variety of other factors. 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Fitch seeks to continuously improve its ratings criteria and methodologies, and periodically updates the descriptions on its website of its criteria and methodologies for securities of a given type. The criteria and methodology used to determine a rating action are those in effect at the time the rating action is taken, which for public ratings is the date of the related rating action commentary. Each rating action commentary provides information about the criteria and methodology used to arrive at the stated rating, which may differ from the general criteria and methodology for the applicable security type posted on the website at a given time. For this reason, you should always consult the applicable rating action commentary for the most accurate information on the basis of any given public rating. Ratings are not a recommendation or suggestion, directly or indirectly, to you or any other person, to buy, sell, make or hold any investment, loan or security or to undertake any investment strategy with respect to any investment, loan, or security of any issuer. Ratings do not comment on the adequacy of market price, the suitability of any investment, loan or security for a particular investor (including without limitation, any accounting and/or regulatory treatment), or the tax-exempt nature or taxability of payments made in respect of any investment, loan or security. Fitch is not your advisor, nor is Fitch providing to you or any other party any financial advice, or any legal, auditing, accounting, appraisal, valuation or actuarial services. A ratings confirmation should not be viewed as a replacement for such advice [Showing first 8,000 characters — download PDF for full document]