Execution of definitive agreement for acquisition

March 10, 2022

London Stock Exchange

London

Dear Madam, Sirs,

Sub: Execution of definitive agreement for acquisition of 93.71% equity shares in Neelachal Ispat Nigam Limited through subsidiary Tata Steel Long Products Limited

This has reference to our disclosures dated January 31, 2022 and February 9, 2022.

This is to inform you that, Tata Steel Limited ('TSL') and Tata Steel Long Products Limited

('TSLP') have today, i.e. March 10, 2022 executed a Share Sale and Purchase Agreement with MMTC Ltd, NMDC Ltd, MECON Ltd, Bharat Heavy Electricals Ltd, Industrial Promotion and Investment Corporation of Odisha Ltd, Odisha Mining Corporation Ltd., President of India, Government of Odisha, Neelachal Ispat Nigam Limited ('NINL') for acquisition of 93.71%equity shares in NINL. The acquisition will be done through TSLP, a listed subsidiary of TSL.

The relevant details with respect to acquisition of 93.71% equity shares in NINL are given in

Annexure 1.http://www.rns-pdf.londonstockexchange.com/rns/4110E_1-2022-3-10.pdf

This disclosure is being made in compliance with Regulation 30 of the SEBI (Listing

Obligations and Disclosure Requirements) Regulations, 2015.

This is for your information and records.