Company: PNB Housing Finance Ltd (the “Company”)

Stock exchange identifiers: NSE: PNBHOUSING / BSE: 540173

Bloomberg ticker: PNBHOUSI IN Equity

Sole Bookrunner / Sole Broker: IIFL Securities Limited

Type of Transaction: Seller Sale – Through one or more sales of shares on the screen-based trading platform of the Indian Stock Exchanges (“Sale”)

Provider / Seller: General Atlantic Singapore Fund FII Pte Ltd

Floor Price: INR 775.0 per share (4.4% discount to INR 810.9 per share as of closing price on NSE on August 20, 2024)

Offer size (number of shares): Up to 13,325,074 shares / approx. 5.1% of the existing TSO

Offer Size (MM INR/MM USD): Up to INR 10,327 million/US$ 123.2 million (calculated at reserve price)

Primary/Secondary: 100% Secondary

Lock: N/A

Brokerage Commission and other charges: 25 basis points + GST ​​+ Stamp Duty + STT + Stock Exchange Transaction Charges + SEBI Charges; OR 32 basis points (all inclusive except STT) + 10 basis points STT

OR 27 basis points + GST ​​+ STT

USD-INR rate: 83.7988 (Source: Bloomberg, as of August 20, 2024, 3:00 p.m.)

Book release date: August 20, 2024 (T-1)

Book Closing Date: August 21, 2024, 8:15 am IST (Option to close earlier with 30 minutes notice)

Expected trading date: August 21, 2024 (T)

Expected settlement date: August 22, 2024 (T+1)

Price guidance: There will be no price guidance till August 21, 2024, when the shares will be listed on the Indian stock exchanges. Investors should note demand sensitivities across the price band.

Allotment: There is no guarantee that any order for shares will be fulfilled in whole or in part. This is mainly due to the operational procedures and screen-based trading mechanism of the Indian stock exchanges.

Selling restrictions: In “offshore transactions” within the meaning of Regulation S of the US Securities Act. Offers and sales in the United States only to “qualified institutional buyers” within the meaning of Rule 144A of the US Securities Act, which are also “qualified buyers” (within the meaning of Section 2(a)(51) of the US Investment Company Act) in transactions that are exempt from the registration requirements of the US Securities Act.

Not for distribution to private customers.

Distribution: Offers and sales in the United States only to “qualified institutional buyers” within the meaning of Rule 144A under the US Securities Act, which are also “qualified buyers” within the meaning of the US Investment Company Act. Outside the United States only to institutional and professional investors in “offshore transactions” within the meaning of Regulation S.