YES Bank Limited acting through its International Financial Services Centre Banking announced the results as of the Early Tender Deadline with respect to its previously announced offer to purchase for cash (the "TenderOffer") from each registered holder, on the terms and subject to the conditions in the tender offer memorandum dated June 2, 2022 prepared in connection with the Tender Offer, of its outstanding USD 600,000,000 3.75% Senior Notes due 2023 under its USD 1,000,000,000 Medium Term Note Programme, in an aggregate principal amount up to USD 200,000,000. Expiration of the Early Tender Deadline and Early Acceptance of Tendered Notes. The Early Tender Deadline of the Tender Offer occurred at 5:00 P.M., New York City time, on June 15, 2022.

Holders were required to validly tender and not validly withdraw their Notes prior to or at the Early Tender Deadline to be eligible to receive the Early Tender Offer Consideration for the Tender Offer. The consideration offered to those who tendered on or prior to the Early Tender Deadline will be USD 1,000 per USD 1,000 principal amount of the Notes validly tendered and accepted pursuant to the Tender Offer. According to the information provided by Kroll Issuer Services Limited, the information and tender agent for the Tender Offer, an aggregate principal amount of USD 300,851,000 of the Notes had been validly tendered and not validly withdrawn pursuant to the Tender Offer as at the Early Tender Deadline, representing 63.05% of the total principal amount outstanding of the Notes.

As the aggregate principal amount of the Notes validly tendered prior to or at the Early Tender Deadline exceeds the Maximum Purchase Amount, the Scaling Factor of 63.192%. will be applied in respect of valid tenders of the Notes validly tendered prior to or at the Early Tender Deadline. Each tender of Notes reduced in this manner will be rounded downwards to the nearest USD 1,000 in aggregate principal amount.

Where the application of proration would otherwise have resulted in either (i) the Company accepting the Notes from any Holder in a principal amount of less than USD 200,000 or (ii) the principal amount of the Notes not purchased due to scaling being less than USD 200,000, the Company has elected to accept such tenders of the relevant Notes in full. All Notes not accepted as a result of scaling will be returned to the relevant Holder and will remain outstanding. Subject to the satisfaction or waiver of the conditions in respect of the Tender Offer, the Company hereby announces that it has elected to accept for purchase USD 200,000,000 in aggregate principal amount of the Notes that have been validly tendered and not validly withdrawn on or prior to the Early Tender Deadline and will pay the Early Tender Offer Consideration for such Notes validly tendered and accepted for purchase at the Early Acceptance Date on the Early Payment Date.

As such, the settlement date for the Notes which were accepted for purchase is expected to be June 17, 2022, subject to the terms and conditions described in the Tender Offer Memorandum. In addition to the Early Tender Offer Consideration, Holders will also receive accrued and unpaid interest, and additional amounts, if any, in respect of any Notes purchased in the Tender Offer from, and including, the last interest payment date to, but excluding, the Early Payment Date.