Tata Steel Regulatory News (TTST)

London Stock Exchange

London

1

The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during last Financial Year

Revenue for FY18:

NSH: Rs. 5,181 crore (3.9%)

TSTH: Rs. 4,361 crore (3.3%)

Net Worth as at March 31, 2018:

NSH: Rs. 1,039 crore (1.7%)

TSTH: Rs. 1,303 crore (2.1%)

2

Date on which the agreement for sale has been entered into

January 28, 2019

3

The expected date of completion of sale / disposal

In 3 - 4 months subject to regulatory approvals

4

Consideration received from such sale / disposal

USD 327 million and equity stake of 30% in the entity held by HBIS Group and TSGH on 70/30 basis.

5

Brief details of buyers and whether any of the buyers belong to the Promoter / Promoter Group/ Group Companies. If yes, details thereof;

The buyer will be a company in which the HBIS Group of China will hold majority shares (70%).

HBIS Group was established onJune 30, 2008 by merger of Tangshan Iron and Steel Group and Handan Iron and Steel Group of Hebei Province. HBIS is amongst the largest steel makers in the world. It is a state-owned enterprise in China and is leading player in China's home appliance, automotive steel, and supplies steel for nuclear power, marine engineering, bridges and construction. With revenue in excess of USD 40 billion and total assets exceeding USD 50 billion, HBIS ranks 239th among Fortune Global 500.

6

Whether the transaction would fall within Related Party Transaction? If yes, whether the same is done at "arms length"

No

7

Additionally, in case of a slump sale, indicative disclosures provided for amalgamations / merger, shall be disclosed by the listed entity with respect to such slump sale.

Not Applicable