Preferential Issue of shares & Amalgamation Disclosure of information under Regulation 30 of SEBI (LODR) Regulations, 2015 - Amalgamation/ Merger (As Per BSE Announcement Dated on 31/08/2019) Inter alia considered and accorded its 'In-principle approval' for amalgamation of United Bank of India, Oriental Bank of Commerce and Punjab National Bank and commencement of the amalgamation process, subject to all applicable approvals. The Board of Directors further inter alia approved creation, offering, issuance and allotment of equity shares of face value of Rs. 10/- each to the President of India acting on behalf of the Central Government, any select person or group of persons including institutions like Life Insurance Corporation of India and/ or any fund thereof, and such other institutions participating in the Preferential Issue, for an amount aggregating up to Rs. 3000 crore by way of preferential allotment under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, subject to approval of the shareholders in an Extraordinary General Meeting or through Postal Ballot. Reg.: Outcome of Board Meeting (As Per BSE Announcement dated on 05/09/2019) In-Principle approval of Alternative Mechanism (AM) to Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank (As Per BSE Announcement dated on 18/11/2019) Outcome of Board Meeting - Share Exchange Ratio pursuant to Scheme of Amalgamation of Oriental Bank of Commerce (OBC) and United Bank of India into Punjab National Bank (PNB) notified on 04th March, 2020 and Intimation of Record Date Share Exchange Ratio pursuant to Scheme of Amalgamation of Oriental Bank of Commerce (OBC) and United Bank of India (UBI) into Punjab National Bank (PNB) notified on 4th March, 2020 and Intimation of Record Date (As Per BSE Announcement Dated 05.03.2020) Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation as notified by Government of India under Section 9 of Banking Companies (Acquisition and Transfer of Undertaking) Act, 1970 (5 of 1970) and section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act,1980 (40 of 1980), the Central Government after consultation with the Reserve Bank of India, has notified the Amalgamation between United Bank of India and Punjab National Bank, Punjab National Bank has fixed the Record Date to determine the entitlement of shareholders of United Bank of India to equity shares of Punjab National Bank. Trading Members are advised not to deal in the equity shares of United Bank of India with effect from the under mentioned date: COMPANY NAME CODE United Bank of India (533171) RECORD DATE 25/03/2020 PURPOSE Scheme of Amalgamation: - On the commencement of the Scheme, Punjab National Bank shall issue and allot Equity Shares to the shareholders of United Bank of India in the following share exchange ratio: '121 (One Hundred & Twenty One) equity shares of Rs.2/- each of Punjab National Bank for every 1000 (One Thousand) equity shares of Rs.10/- each of United Bank of India.' NO DEALINGS FROM W.E.F. 23/03/2020 DR-243/2019-2020 Subject to compliance with requisite formalities the New Shares to be issued and allotted of Punjab National Bank will be listed on BSE Limited. Trading Members of the Exchange are requested to take note of it. (As Per BSE Notice Dated on 09.03.2020) Further to our communication dated 05.03.2020 wherein the Share Exchange Ratio of 1150 equity shares of Rs.2/-each of PNB for every 1000 equity shares of Rs.10/-each of OBC as approved by the Board of Directors was notified. In this context, we wish to state that in terms of Sub Para (6) of Para 6 of Amalgamation of Oriental Bank of Commerce and united Bank of India into Punjab National Bank Scheme, 2020 notified by the Government of India, an Expert Committee i.e. Grievance Redressal Committee was set up to address the grievances/objections of shareholders and submit a Report to the Board of Directors to address the grievances/ objections raised by the shareholders who were eligible as per the Scheme. The Committee has since submitted its'' Report which has been considered by the Board of Directors of the Bank on 19th March 2020 and it has been decided that no change is required in the Share Exchange Ratio (stated above) as approved by the Board. Outcome of Board Meeting - Amalgamation of Oriental Bank of Commerce and United Bank of India into Punjab National Bank (As Per BSE Announcement dated on 19/03/2020) Intimation_Newspaper_Publication_20032020 (As Per BSE Announcement dated on 20/03/2020) Allotment of 267,30,63,327 Equity Shares of Face Value of 2/- each of Punjab National Bank (Transferee Bank) to the Shareholders of Oriental Bank of Commerce (Transferor Bank 1) and United Bank of India (Transferor Bank 2) on 01.04.2020 pursuant to the Scheme of Amalgamation notified by the Government of India on 04.03.2020. (As Per BSE Announcement Dated 01.04.2020) Punjab National Bank- Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 (As Per BSE Announcement dated on 08.04.2020) Listing of New Securities -Trading Approval of 266,96,07,593 equity shares of Rs. 2/- issued pursuant to the Amalgamation (As Per BSE Announcement dated on 14.04.2020) With reference to the above captioned subject, the Exchange is hereby informed that trading approvals for 3455734 Equity shares of Rs. 2/- each allotted pursuant to the Scheme of Amalgamation have been granted by Exchanges i.e. National Stock Exchange of India Ltd (NSE) and BSE Ltd on 01.06.2020. The notice/approval issued by Exchange in this regard is enclosed herewith. You are requested to take this on record. With reference to the above captioned subject, the Exchange is hereby informed that trading approvals for 3455734 Equity shares of Rs. 2/- each allotted pursuant to the Scheme of Amalgamation have been granted by Exchanges i.e. National Stock Exchange of India Ltd (NSE) and BSE Ltd on 01.06.2020. The notice/approval issued by Exchange in this regard is enclosed herewith. You are requested to take this on record. (As Per BSE Announcement Dated on 02/06/2020) Outcome of Board Meeting under Regulation 30 of SEBI (LODR) Regulations, 2015 (As Per BSE Announcement Dated on 09.07.2020)