Nomenclature: Allotment of Non-Convertible Debentures on Private Placement basis

	May 20, 2020
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
Dear Madam, Sir,

Sub: Allotment of Non-Convertible Debentures (NCDs) on Private Placement basis

This has reference to our letters dated April 7, 2020 and April 13, 2020 with respect to issue of NCDs on private placement basis.

In this connection, we wish to inform you that the Committee of Directors has today approved allotment of 10,000 - 8.25% Unsecured, Rated, Listed, Redeemable, Non-Convertible Debentures of face value ₹10,00,000/- each, for cash aggregating to ₹1,000 crore, to identified investor on private placement basis, on the terms and conditions as mentioned in the Information Memorandum for the said Issue.

The NCDs are proposed to be listed on the Wholesale Debt Market (WDM) Segment of BSE Limited.

This disclosure is made in terms of Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.

This is for your information and records.

Thanking you.

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