Acquisition

May 14, 2022

London Stock Exchange

London

Dear Sir, Madam,

Sub: Acquisition of 1,30,00,000 (One crore thirty lakh) - 11.25% Optionally Convertible Redeemable Preference Shares of TRF Limited, aggregating to ₹13 crore (Rupees Thirteen crore)

This is to inform you that Tata Steel Limited has on May 13, 2022, acquired 1,30,00,000 (One crore thirty lakh), 11.25% Optionally Convertible Redeemable Preference Shares ('OCRPS') of face value ₹10/- each of TRF Limited ('TRF'), aggregating to ₹13 crore ('OCRPS-Series- 2').

The details of the acquisition are given in Annexure A.

http://www.rns-pdf.londonstockexchange.com/rns/5265L_1-2022-5-14.pdf

This disclosure is made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

This is for your information and records.