Acquisition-entire stake in S&T Mining Company Ltd

April 6, 2022

London Stock Exchange

London

Dear Madam, Sirs,

Sub: Execution of Share Purchase Agreement for acquisition of entire stake held by Steel Authority of India Limited in S&T Mining Company Limited

This is to inform you that, Tata Steel Limited ('Company') has, on April 5, 2022, executed a Share Purchase Agreement with Steel Authority of India Limited ('SAIL') for acquisition of the entire equity stake of SAIL (50%) held in S&T Mining Company Limited ('S&T Mining') (hereinafter referred to as the 'Transaction'). On completion of the acquisition, S&T Mining (presently a Joint Venture between SAIL and the Company), will become a wholly owned subsidiary of the Company.

The relevant details with respect to the Transaction are enclosed in Annexure A.

http://www.rns-pdf.londonstockexchange.com/rns/5482H_1-2022-4-6.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.