INDIAN RAILWAY FINANCE CORPORATION LIMITED

Deemed Date ofAllotmentthe period indicated above, with an option for early closure (subject to the Issuebeing open for a minimum of 3 days and Category IV portion being fullysubscribed) or extension by such period, upto a period of 30 days from the date ofopening of the Issue, as may be decided by the Board of Directors or the BondCommittee. In the event of such early closure or extension of the subscriptionperiod of the Issue, our Company shall ensure that public notice of such earlyclosure or extension is published on or before the day of such early date of closureor the Issue Closing Date, as the case may be, through advertisement/s in at leastone leading national daily newspaper.Deemed Date of Allotment shall be the date on which the Directors of theCompany or any committee thereof approves the allotment of the Bonds for eachTranche Issue or such date as may be determined by the Board of Directors or anycommittee thereof and notified to the stock exchanges. All benefits relating to theBonds including interest on Bonds (as specified for each tranche by way ofTranche Prospectus) shall be available to the investors from the Deemed Date ofAllotment. The actual allotment of Bonds may take place on a date other than theDeemed Date of Allotment.Record Date The record date for the payment of interest or the Maturity Amount shall be 15days prior to the date on which such amount is due and payable. In the event theRecord Date falls on a Saturday, Sunday or a Public Holiday in New Delhi or anyother payment centre notified in terms of the Negotiable Instruments Act, 1881,the succeeding Working Day shall be considered as the Record Date.Cross DefaultLead ManagersConsortium Members forthe IssueGoverning lawJurisdictionEvent of DefaultAs provided in Debenture Trust Deed to be executed between the Company andthe Debenture Trustee.SBI Capital Markets Limited, A.K. Capital Services Limited, Enam SecuritiesPrivate Limited, ICICI Securities Limited and Kotak Mahindra Capital CompanyLimited.SBI Capital Markets Limited, A. K. Capital Services Limited, Enam SecuritiesPrivate Limited, ICICI Securities Limited, Kotak Mahindra Capital CompanyLimited, SBICAP Securities Limited, A. K. Stockmart Private Limited, AxisCapital Limited and Kotak Securities Limited.The laws of the Republic of IndiaThe courts of New Delhi shall have exclusive jurisdiction for the purposes of theIssueAs provided in Debenture Trust Deed to be executed between the Company andthe Debenture Trustee.*In terms of Regulation 4(2)(d) of the Debt Regulations, the Company will make public issue of the Bonds in thedematerialised form. However, in terms of Section 8 (1) of the Depositories Act, the Company, at the request of the Investorswho wish to hold the Bonds in physical form will fulfill such request. However, trading in Bonds shall be compulsorily indematerialized form.Note:Participation by any of the above-mentioned investor classes in this Issue will be subject to applicable statutoryand/or regulatory requirements. Applicants are advised to ensure that applications made by them do not exceedthe investment limits or maximum number of Bonds that can be held by them under applicable statutory and/orregulatory provisions.Applicants are advised to ensure that they have obtained the necessary statutory and/or regulatorypermissions/consents/ approvals in connection with applying for, subscribing to, or seeking allotment of Bondspursuant to the Issue.SPECIFIC TERMS FOR EACH SERIES OF BONDSThe terms of each Series of Bonds are set out below:OptionsSeries of BondsTranche 1 Series ITranche 1 Series IITenor 10 Years 15 YearsRedemption Date At the end of 10 Years from the Deemed Dateof AllotmentAt the end of 15 Years from theDeemed Date of Allotment17