Share Purchase & Shareholders’ Agreement

October 19, 2023

London Stock Exchange

London

Dear Madam, Sir(s),

Sub:    Share Purchase & Shareholders' Agreement with Tata Power Renewable Energy Ltd. and TP Vardhaman Surya Ltd.

This is to inform you that Tata Steel Limited ('Company') has today, i.e., October 19, 2023 agreed to execute a Share Purchase & Shareholders' Agreement with Tata Power Renewable Energy Ltd. and its wholly owned subsidiary, TP Vardhaman Surya Ltd. to acquire 13,000 equity shares of face value ₹10 each, at par, of TP Vardhaman Surya Ltd., i.e., 26% equity shareholding, for an aggregate consideration of approximately ₹1,30,000 (referred to as 'Transaction').

The relevant details of the above-mentioned Transaction are enclosed in Annexure A.

http://www.rns-pdf.londonstockexchange.com/rns/7115Q_1-2023-10-19.pdf

This disclosure is made in compliance with Regulation 30 and 51 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

This is for your information and records.