National Storage Mechanism | Additional information

May 25, 2022

London Stock Exchange

London

Dear Madam, Sirs,

Sub: Acquisition of equity stake in Tata Steel Downstream Products Limited, a
wholly owned subsidiary of Tata Steel Limited, on preferential basis

This is to inform you that, Tata Steel Limited ('Company') has, on May 24, 2022, acquired 3,55,871 equity shares of ₹10/- each at a premium of ₹130.50 per share, of Tata Steel Downstream Products Limited, a wholly owned subsidiary of the Company, for an amount aggregating to ₹5 crore, for a cash consideration (hereinafter referred to as the 'Transaction').

The relevant details of the Transaction are enclosed in Annexure A.

http://www.rns-pdf.londonstockexchange.com/rns/8197M_1-2022-5-25.pdf

This disclosure is being made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

This is for your information and records.

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