March 16, 2022

London Stock Exchange

London

Dear Madam, Sirs,

Sub: Acquisition of 90% equity shares in Ceramat Private Limited through step-down

subsidiary Tata Steel Advanced Materials Limited

This has reference to our disclosure dated February 28, 2022, regarding execution of a Share

Purchase cum Shareholders' Agreement by Tata Steel Advanced Materials Limited ('TSAML'),

a step-down subsidiary of Tata Steel Limited, for acquisition of 90% equity shares in Ceramat

Private Limited.

This is to inform you that, TSAML has, today, i.e. March 16, 2022, completed the acquisition of

90% equity shares in Ceramat Private Limited.

This disclosure is being made in compliance with Regulation 30 of the SEBI (Listing Obligations

and Disclosure Requirements) Regulations, 2015.

This is for your information and records.