Pronouncement of Order

April 7, 2022

London Stock Exchange

London

Dear Madam, Sirs,

Sub: Pronouncement of Order by the Hon'ble National Company Law Tribunal, Kolkata bench, approving the Resolution Plan submitted by Tata Steel Mining Limited, a wholly owned subsidiary of Tata Steel Limited, for acquisition of Rohit Ferro-Tech Limited

This is further to our disclosure dated June 6, 2021, whereby the Company informed the stakeholders that on June 5, 2021, the Committee of Creditors, in terms of the Corporate Insolvency Resolution Process ('CIRP') of the Insolvency and Bankruptcy Code 2016 ('Code'), declared Tata Steel Mining Limited ('TSML'), an unlisted wholly owned subsidiary of Tata Steel Limited as the successful resolution applicant for the acquisition of RohitFerro-Tech Limited ('RFT'), subject to necessary regulatory approvals including approval from the Hon'ble National Company Law Tribunal, Kolkata bench ('Hon'ble NCLT').

In this connection, please be informed that pursuant to Section 31(1) of the Code, the Hon'ble NCLT has today i.e., April 7, 2022, orally pronounced its Order approving the Resolution Plan submitted by TSML for acquisition of RFT. The copy of the order approving the Resolution Plan is yet to be uploaded on the website of Hon'ble NCLT and the same will be provided once available.

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.