Bank of baroda

Disclaimer in Respect of Jurisdiction
This Issue is being made in India to Persons resident in India (including Indian nationals resident in India), who are
majors, HUFs, companies, corporate bodies and societies registered under the applicable laws in India and authorised to
invest in shares, Indian mutual funds registered with SEBI, Indian financial institutions, commercial banks, regional rural
banks, co-operative banks (subject to RBI permission), or trusts under the applicable trust law and who are authorised
under their constitution to hold and invest in shares, permitted insurance companies and pension funds and to permitted
non-residents including FIIs, NRIs and other eligible foreign investors. This Red Herring Prospectus does not, however,
constitute an offer to sell or an invitation to subscribe to Equity Shares offered hereby in any other jurisdiction to any
Person to whom it is unlawful to make an offer or invitation in such jurisdiction. Any Person into whose possession this
Red Herring Prospectus comes is required to inform himself or herself about and to observe, any such restrictions. Any
dispute arising out of this Issue will be subject to the jurisdiction of appropriate court(s) in Mumbai, India only.
No action has been or will be taken to permit a public offering in any jurisdiction where action would be required for that
purpose, except that this Red Herring Prospectus has been filed with SEBI for observations and SEBI has given its
observations. Accordingly, the Equity Shares, represented thereby may not be offered or sold, directly or indirectly, and
this Red Herring Prospectus may not be distributed, in any jurisdiction, except in accordance with the legal requirements
applicable in such jurisdiction. Neither the delivery of this Red Herring Prospectus nor any sale hereunder shall, under
any circumstances, create any implication that there has been no change in our affairs from the date hereof or that the
information contained herein is correct as of any time subsequent to this date.