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/2026-27/282 08.07.2026 Madam / Sir, Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) 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 (“RHP”, and such intimation “RHP Intimation”). In this respect, we submit that the RHP Intimation incorrectly stated that the Bid/Offer Period for QIBs shall close one Working Day prior to the Bid/Offer Closing Date, i.e., Wednesday, July 15, 2026. The Bid/Offer Period for QIBs shall close on the Bid/Offer Closing Date, i.e., Thursday, July 16, 2026. We further advise as under: State Bank of India has been informed by SBIFM that the price band for the Offer, as determined in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (as amended) (“ICDR Regulations”) has been fixed today at Rs.545/- to Rs.574/- per equity share of face value Rs. 1 (one) each of SBIFM (“Equity Shares”). An employee discount of Rs.54/- per Equity Share will be offered to Eligible Employees in accordance with the terms and conditions stipulated in the RHP. The minimum bid lot for the Offer has also been fixed at 26 Equity Shares and in multiples of 26 Equity Shares thereafter. (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.) 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 is for your information and appropriate dissemination. Yours faithfully, (Aruna N Dak) DGM (Compliance & Company Secretary) Encl: A/a