Karur Vysya Bank Ltd.

1:10

Bonus issue & Inter alia, decided as follows: 1. Issue of Bonus Shares Issue of Bonus Shares in the ratio of 1:10 i.e. one equity share of Rs.2/-- each for every ten fully paid up equity shares held as on a record date, subject to approval of the shareholders of the Bank. The Record Date will be determined by the Board of Directors after members of the Bank approve the capitalisation programme for issuing bonus shares. Necessary in-principle approval of Stock Exchange will be obtained. The proposal of issuance of Bonus Shares was not part of the original agenda for the Board Meeting held today and was decided during the course of the meeting. Further the Board of Directors decided to include capitalizing securities premium A/c for the above Bonus Issue as one of the Agenda Items in the Notice of the ensuing Annual General Meeting of the Bank to seek the approval of the shareholders by way of ordinary resolution. 2. Issue of Capital Instruments (Basel III compliant unsecured Tier I/Tier II Capital Instruments ) 3. Appointment of Shri R. Ramkumar as Non Executive Non Independent Director