Tata Steel : Feedback from European Commission on the proposed steel joint venture between thyssenkrupp and Tata Steel in Europe

	June 12, 2019
The Secretary, Listing Department	The Manager, Listing Department
BSE Limited	National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers,	Exchange Plaza, 5th Floor, Plot No. C/1,
Dalal Street,	G Block, Bandra-Kurla Complex, Bandra E,
Mumbai - 400 001.	Mumbai - 400 051.
Maharashtra, India.	Maharashtra, India.
Scrip Code: 500470/890144	Symbol: TATASTEEL/TATASTEELPP
	Sub: Statement
Dear Madam, Sir,

This is further to our press release dated May 10, 2019, titled "Feedback from European Commission on the proposed steel joint venture between thyssenkrupp and Tata Steel in Europe".

The European Commission on June 11, 2019, formally announced its decision to prohibit the proposed European steel joint venture between Tata Steel Limited and thyssenkrupp AG. Both companies, in statements on May 10, 2019, anticipated that the European Commission would not clear the proposed joint venture despite both parties offering a comprehensive package of remedies addressing the concerns of the Commission. Tata Steel noted with deep disappointment the conclusions of the Commission. The Company remains committed to its long-term strategy of focusing on growth in India, continue deleveraging its Balance Sheet and working towards creating a sustainable portfolio in Europe.

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.

Thanking you.

Yours faithfully,

Tata Steel Limited

Parvatheesam K

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