Tata Steel : Distribution payment - 11.80% Perpetual Hybrid Securities (PHS) of ₹1,500 Crore - ISIN INE081A08165 – WDM Segment

	September 18, 2020
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,	Exchange Plaza, 5th Floor, Plot No. C/1,
Dalal Street, Fort	G Block, Bandra-Kurla Complex, Bandra (E),
Mumbai - 400 001.	Mumbai - 400 051.
Maharashtra, India.	Maharashtra, India.
Scrip Code: 500470/890144	Symbol: TATASTEEL/TATASTLPP
Dear Madam, Sir(s),

11.80% Perpetual Hybrid Securities (PHS) of ₹1,500 Crore

ISIN INE081A08165 - WDM Segment

This has reference to our letter dated September 1, 2020, intimating the record date and payment date of distribution payable on the above-mentioned securities.

In terms of Regulation 57(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we certify that distribution payment at the rate of 11.80% was made on the above-mentioned securities aggregating to ₹1,500 crore, on the due date, i.e., Friday, September 18, 2020.

This is for your information and records.

Yours faithfully,

Tata Steel Limited

Parvatheesam Kanchinadham

Company Secretary &

Chief Legal Officer (Corporate & Compliance)

Registered Office Bombay House 24 Homi Mody Street Fort Mumbai 400 001 India

Tel [phone] Fax [phone] Website www.tatasteel.com

Corporate Identity Number L27100MH1907PLC000260