Issue of S$300mn 4.95% Notes by ABJA Investment Co

25th April 2013

London Stock Exchange,

London

Re: Issue of SGD 300 Million 4.95% Senior Unsecured Notes due 2023 by Abja Investment Co. Pte Ltd, (the "Issuer") a wholly owned subsidiary of Tata Steel Limited, a company incorporated in Singapore.

This is to inform you that the Issuer incorporated in Singapore, being a wholly owned subsidiary of Tata Steel Limited has priced its issue of SGD 300 Million 4.95% Senior Unsecured Notes (the "Notes") due 2023. The Notes are guaranteed by Tata Steel Limited. The Notes represent unsecured obligations of the Issuer and will rank pari passu with all its other existing and future unsubordinated obligations. The Notes will be guaranteed by Tata Steel Limited. The guarantee will be an unsecured obligation of Tata Steel Limited and will rank pari passu with all its other existing and future unsecured obligations. The Notes will be listed on the Singapore Stock Exchange.

We request you to kindly take note of the above.