Outcome of Board Meeting: Regulation 30 of SEBI (LODR) Regulations 2015 Amalgamation of SyndicateBank into Canara Bank- Updates This is in continuation to our letter no. MD&CEO:SD:675/676/11/12::2019 dated September 13, 2019 informing about in-principle approval of the Board of Directors for the amalgamation of Syndicate Bank into Canara Bank. In this connection, today i.e. 20.11.2019 Bank has received letter F. No. 7/93/2019-BOA-1 dated 13.11.2019 from Department of Financial Services, Ministry of Finance, Government of India vide which Bank has been advised that Alternative Mechanism (AM), has accorded in-principle approval to proposed amalgamation of Syndicate Bank into Canara Bank with Canara Bank as the Transferee Bank and Syndicate Bank as Transferor Bank. This is in compliance with Regulation 30 of SEBI LODR Regulations 2015. (As Per BSE Announcement Dated on 20.11.2019) Share Exchange Ratio for Amalgamation of Syndicate Bank (Transferor Bank) into Canara Bank (Transferee Bank), & Intimation of Record date. Equity Share Exchange Ratio for amalgamation of Syndicate Bank with Canara Bank-Swap Ratio Announcement Date (As Per BSE Announcement Dated 05.03.2020) We enclose the clippings of newspaper advertisement published on Amalgamation of Syndicate Bank into Canara Bank - formation of Expert Committee/Grievance Redressal Committee for addressing objections on Share Exchange Ratio & Intimation of Record Date: (As Per BSE Announcement dated on 06.03.2020) 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), the Central Government after consultation with the Reserve Bank of India, has notified the Amalgamation between Syndicate Bank and Canara Bank, Canara Bank has fixed the Record Date to determine the entitlement of shareholders of Syndicate Bank to equity shares of Canara Bank. Trading Members are advised not to deal in the equity shares of Syndicate Bank with effect from the under mentioned date: COMPANY NAME CODE Syndicate Bank (532276) RECORD DATE 23.03.2020 PURPOSE Scheme of Amalgamation: - On the commencement of the Scheme, Canara Bank shall issue and allot Equity Shares to the shareholders of Syndicate Bank in the following share exchange ratio: '158 (One Hundred & Fifty Eight) equity shares of Rs.10/- each of Canara Bank for every 1000 (One Thousand) equity shares of Rs.10/- each of Syndicate Bank.' NO DEALINGS FROM W.E.F. 20/03/2020 DR-242/2019-2020 Subject to compliance with requisite formalities the New Shares to be issued and allotted of Canara 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) Amalgamation of Syndicate Bank into Canara Bank (As Per BSE Announcement dated on 17.03.2020) Newspaper Publication -Amalgamation - Expert Committee Updates (As Per BSE Announcement dated on 18/03/2020) Amalgamation of Syndicate Bank into Canara Bank - Allotment of Shares on 01.04.2020 (As Per BSE Announcement dated 01.04.2020) Further to our intimation dated 23.07.2020, the Exchange is hereby informed that the Board of Directors of the Bank at its meeting held today, on 29.07.2020 (Wednesday), has considered and approved the Opening Balance Sheet of the Amalgamated Bank as at 1st April 2020, i.e., post amalgamation of Syndicate Bank into Canara Bank. A copy of the same is enclosed. The meeting of Board of Directors commenced at 12.30 p.m. and concluded at 03.35 p.m. (AS Per BSE Announcement Dated on 29.07.2020) The Exchanges are hereby informed that the Sub Committee of the Board - Capital Planning Process of the Bank at its meeting held today, i.e., on Wednesday, the 11th November 2020, has considered and approved the Proforma Financial Statements of the Amalgamated Bank as at 31st March 2020, 30th September 2019 and 30th June 2019 (i.e., post amalgamation of Syndicate Bank into Canara Bank w.e.f. 1st April 2020). Copies of the same are enclosed herewith. This is for your information and records. (As Per BSE Announcement Dated on 11/11/2020)