INVESTMENT IN RIVERSDALE MINING LIMITED, AUSTRALIA

Mumbai - February 23, 2011:

Tata Steel Limited ("TSL") notes the reports in various newspapers and online media in recent weeks regarding the Rio takeover bid for Riversdale and TSL's position in that regard. TSL has not yet made a decision in relation to the Rio offer and reserves its right to make that decision at any time during the offer period. TSL will issue a formal statement if and when it makes such a decision.

About Tata Steel

Established in 1907, Tata Steel Group is among the top ten global steel companies with an annual crude steel capacity of over 27 million tonnes per annum (mtpa). It is now one of the world's most geographically-diversified steel producers, with operations in 26 countries and a commercial presence in over 50 countries. The Tata Steel Group, with a turnover of US$ 22.8 billion in FY '10, has over 80,000 employees across five continents and is a Fortune 500 company. The Group's vision is to be the world's steel industry benchmark in "Value Creation" and "Corporate Citizenship" through the excellence of its people, its innovative approach and overall conduct. Underpinning this vision is a performance culture committed to aspiration targets, safety and social responsibility, continuous improvement, openness and transparency. For further information, please visit www.tatasteel.com.

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