Infosys Board approves 2015 Incentive Compensation Plan

The Board further approved the issuance of new shares, so as not to cumulatively exceed 2% of the shares outstanding, in order to support grants made over time under the 2015 Incentive Compensation Plan.

Infosys announced that its Board approved the 2015 Incentive Compensation Plan, amending the existing 2011 RSU Plan.The 2011 RSU plan has been amended in accordance with the SEBI (share based employee benefits)regulations, 2014 and will be issued as the 2015 Incentive Compensation Plan. The grants made under the2011 RSU plan will continue to be administered and implemented by the 2015 Incentive Compensation Plan.

The 2015 Incentive Compensation Plan will be subject to the approval of shareholders.

The Board further approved the issuance of new shares, so as not to cumulatively exceed 2% of the shares outstanding, in order to support grants made over time under the 2015 Incentive Compensation Plan. Approval to issue such shares under the 2015 Incentive Compensation plan will be subject to the approval of shareholders.