RBL Bank IPO Basis of Allotment

Our Bank is a professionally managed company and does not have a promoter either in terms of the SEBI Regulations (as hereinafter defined) or in terms of the Companies Act, 2013 Our Bank has filed the Prospectus dated August 24,2016 with the Registrar of Companies, Pune, Maharashtra and the Equity Shares will be listed on the BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading is expected to commence on Wednesday, August 31,2016, subject to receipt of listing and trading approvals from NSE and BSE.

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 53,909,628 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF RBL BANK LIMITED (OUR "BANK" OR THE "ISSUER") FOR CASH AT A PRICEOF RS 225 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 215 PER EQUITY SHARE, AGGREGATING TO RS. 12,129.67 MILLION (THE "ISSUE") COMPRISING A FRESH ISSUE OF 37,000,000 EQUITY SHARES BY OUR BANK AGGREGATING TO RS. 8,325 MILLION (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF 16,909,628 EQUITY SHARES COMPRISING 3,879,070 EQUITY SHARES BY PERSONS LISTED IN ANNEXURE A TO THE PROSPECTUS ("CATEGORY I SELLING SHAREHOLDERS"), 9,505,558 EQUITY SHARES BY BEACON INDIA PRIVATE EQUITY FUND ("BEACON") AND 3,525,000 EQUITY SHARES BY GPE (INDIA) LTD ("GPE" AND TOGETHER WITH BEACON, THE "CATEGORY II SELLING SHAREHOLDERS" AND TOGETHER WITH CATEGORY I SELLING SHAREHOLDERS, THE "SELLING SHAREHOLDERS") (THE "OFFER FOR SALE"). THE ISSUE SHALL CONSTITUTE 14.58% OF THE FULLY DILUTED POST-ISSUE PAID UP CAPITAL OF OUR BANK.

Our Bank has made a pre-lPO placement of 25,000,000 Equity Shares to certain investors at a price of Rs. 195.00 per Equity Share. For more information, see the section titled "Capital Structure" on page 94 of the Prospectus.

ISSUE PRICE: RS. 225 PER EQUITY SHARE OF FACE VALUE OFRS. 10 EACH
ANCHOR INVESTOR ISSUE PRICE: RS. 225 PER EQUITY SHARE
THE ISSUE PRICE IS 22.5 TIMES THE FACE VALUE.

Risks to Investors relating to pricing:

i. The Nine Lead Managers associated with the Issue have handled 38 public issues in the past three years, out of which 12 issues closed below the issue price on listing date.

ii. The Return on Networth (RONW) of the Issuer is 9.79% based on restated financials for year ended March 31,2016 as compared to average of RONW for the Peer Group mentioned on page 121 of the Prospectus which is 13.54% based on audited consolidated financials for year ended March 31,2016.

iii Average cost of acquisition of Equity Shares for top five Selling Shareholders [i.e. Beacon India Private Equity Fund, GPE (India) Ltd, Gaja Trustee Company Private Limited (on behalf of Gaja Capital India Fund I), Capvent India Private Equity Fund Limited and Elephant India Finance Private Limited] is in the range of Rs. 66 to Rs. 73.71 whereas the Issue Price for the public is much higher at Rs. 225.

BID/ ISSUE PERIOD: OPENED ON: FRIDAY, AUGUST 19, 2016;
CLOSED ON TUESDAY, AUGUST 23, 2016
ANCHOR INVESTOR BIDDING DATE: THURSDAY, AUGUST 18, 2016

Pursuant to Rule 19(2)(b)(iii) of the Securities Contracts Regulation Rules, 1957, as amended ("SCRR"), read with Regulation 41 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the "SEBI Regulations"), the Issue was made for at least 10% of the post-Issue paid-up equity share capital of our Bank. The Issue was made through the Book Building Process in accordance with Regulation 26(1) of the SEBI Regulations, wherein 50% of the Issue was made available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs"). Our Bank, in consultation with the GCBRLMs and the BRLMs, allocated upto 60% of the QIB Portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis, out of which at least one-third was made available for allocation to domestic Mutual Funds only. In the event of under-subscription or non-allocation in the Anchor Investor Portion, the balance Equity Shares were required to be added to the Net QIB Portion. Such number of Equity Shares representing 5% of the Net QIB Portion was made available for allocation on a proportionate basis to Mutual Funds only. The remainder of the Net QIB Portion was made available for allocation on a proportionate basis to QIBs, subject to valid Bids being received from them at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 5% of the Net QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion were required to be added to the remaining Net QIB Portion for proportionate allocation to QIBs. Further, not less than 15% of the Issue was made available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Issue was made available for allocation to Retail Individual Bidders in accordance with the SEBI Regulations, subject to valid Bids being received from them at or above the Issue Price such that, subject to availability of Equity Shares, each Retail Individual Bidder shall be Allotted not less than the minimum Bid Lot, and the remaining Equity Shares, if available, shall be allotted to all Retail Individual Bidders on a proportionate basis. All prospective Bidders, other than Anchor Investors were required to submit their Bids through the Applications Supported by Blocked Amount ("ASBA") process only, by providing the details of their respective bank accounts in which the corresponding Bid Amount will be blocked by the SCSBs. For details, see the section titled "Issue Procedure" on page 508 of the Prospectus.

The Issue received 1,038,427 applications for 2,641,091,245 Equity Shares (prior to technical rejections) resulting in 48.9911 times subscription. The details of the applications received in the Issue from various categories are as under: (before technical rejections):