UNION BANK OF INDIA - Credit Rating

In terms of Regulation 30 read with point 3 of Para A of Part A of Schedule III of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 and SEBI circular no. CIR/CFD/CMD/4/2015 dated 9th September, 2015, we wish to inform you that CRISIL Rating has downgraded the ratings of Basel III compliant Tier 2 instrument and Basel II compliant various instruments of Union Bank of India from 'CRISIL AAA/Negative' (CRISIL Triple A With Negative Outlook) to 'CRISIL AA+/Negative' (CRISIL AA+ with Negative Outlook). The details of instruments and reasons for downgrade in rating are given in the enclosed rating rationale of CRISIL dated 31.08.2017.<BR> <BR> This is for your information and appropriate dissemination.<BR>