Credit Rating- New

संदभग Ref.:नि.से.नव.ISD/182/2026-27 नदिांक Date : 27.08.2026 बीएसई निस्टंग सेंटर BSE Listing Centre National Stock Exchange of India Ltd. स्िप कोि Scrip Code - 532 477 निप्स NEAPS स्िप कोि Scrip Symbol-UNIONBANK-EQ Subject: Reporting under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Ref: - Our earlier letter. से.वि.ISD/175/2026-27 विन ांक Date : 21.08.2026 In terms of Regulation 30 read with point 3 of Para A of Part A of Schedule Ill of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and SEBI circular no. SEBI/HO/DDHS/DDHS-POD2/P/CIR/2025/101 dated July 11,2025, we wish to inform that S&P Global Ratings on August 27, 2026 has assigned its 'BBB' long-term issue rating to following U.S. dollar-denominated senior unsecured notes issued by Dubai International Financial Centre branch of Union Bank of India (UBI). S.No. ISIN Tenor Coupon Rating 1 XS3485474533 3 Years 5.230% BBB 2 XS3485474707 5 Years 5.417% BBB The rating rationale is enclosed herewith. Thanking you. भवदीय Yours faithfully, (Ashish Mishra) Company Secretary Cc to: 1. IDBI Trusteeship Services Ltd. 2. Catalyst Trusteeship Limited Union Bank of India, Investor Services Division, Union Bank Bhavan,239, Vidhan Bhavan Marg, Nariman Point, Mumbai - 400021. : + 91 22 2289 6636/2289 6643, investorservices@unionbankofindia.bank.in , website: www.unionbankofindia.bank.in 1 C-111, Ground Floor, Nila Spaces, Block 11-D, Zone 1, Road-1A, Gift SEZ, Village Ratanpur, Taluka and District Gandhinagar, Gujrat-382355 India, Gift City, Gandhinagar-382355, Gujarat, India 27 August 2026 S&P Global Ratings Singapore Pte. Ltd. Union Bank of India Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai – 400021, Maharashtra, India Attention To: Mr Asheesh Pandey, MD & CEO, Union Bank of India Re: New Rating To Whom it May Concern, S&P Global Ratings hereby assigns the below rating(s): Issuer Rating Description Rating Union Bank of India U.S.$300,000,000 5.230 per cent. Notes due BBB (DIFC Branch) 2029 (the “2029 Notes”) U.S.$300,000,000 5.417 per cent. Notes due 2031 (the “2031 Notes”) This letter constitutes S&P Global Ratings’ permission for you to disseminate the above- assigned rating(s) to interested parties in accordance with applicable laws and regulations. However, permission for such dissemination (other than to professional advisors bound by appropriate confidentiality arrangements or to allow the Issuer to comply with its regulatory obligations) will become effective only after we’ve released the rating on www.spglobal.com/ratings. 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The applicable Terms and Conditions are incorporated herein by reference. In accordance with the Terms and Conditions, S&P Global Ratings may assign, raise, lower, suspend, place on CreditWatch, or withdraw a credit rating, and assign or revise an Outlook, at any time, in S&P Global Ratings’ sole discretion. S&P Global Ratings may take any of the foregoing actions notwithstanding any request for a withdrawal of a credit rating or termination of the Engagement Letter. S&P Global Ratings is pleased to have the opportunity to provide its rating opinion. For more information please visit our website at www.spglobal.com/ratings. If you have any questions, please contact us. Thank you for choosing S&P Global Ratings. Sincerely yours, S&P Global Ratings, acting through S&P Global Ratings Singapore Pte. Limited Analytical Contact: Name: Aurick Soh Telephone #: +65 6216 1134 S&P Global Ratings Terms and Conditions Applicable to Credit Ratings You understand and agree that: General. 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