ICICI Bank raises Rs.15,000 crore through Qualified Institutions Placement of equity shares I

ICICI Bank Limited (NSE: ICICIBANK, BSE: 532174, NYSE: IBN) has completed the
allotment of equity shares under its Qualified Institutions Placement (“QIP”) and raised
approximately Rs.15,000 crore (approximately US$ 2.0 billion) through the issuance of
418,994,413 equity shares at an issue price of Rs.358.00 per equity share. The issue price
represents a 1.9% premium to the floor price determined based on the pricing formula as
prescribed under Regulation 176(1) of the SEBI ICDR Regulations and a discount of 1.5% to the
the closing price of the Bank’s equity shares on the BSE/NSE prior to the launch of the issue. The
equity issuance witnessed healthy participation from the global and domestic investor
community, including foreign portfolio investors, domestic mutual funds and insurance
companies.

The proceeds of the issue will be used towards strengthening the capital adequacy ratio of the
Bank, improving the Bank’s competitive positioning and/ or general corporate requirements or
any other purposes as may be permissible under the applicable law and approved by the Board
of Directors of the Bank or its duly constituted committee.

The Bank would like to thank its shareholders for the faith that they have placed in the Bank,
and in its brand and franchise. The Bank believes that it is well-positioned to serve the market
and benefit from the opportunities that would arise going forward. The Bank continues to be
guided by its philosophy of ‘Fair to Customer, Fair to Bank’ and emphasizes the need to deliver
a fair proposition to its customers while creating value for its shareholders. In these
extraordinary times of the Coronavirus pandemic, the Bank will continue to strive to serve its
customers and also emerge stronger as an institution.