News about Tata Steel Limited - National Stock Exchange of India Limited

October 5, 2006

The media had reports that Tata Steel Limited is in advanced negotiations with the Anglo-Dutch steel giant, Corus Group, for a possible takeover.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.

Tata Steel Limited has vide its letter inter-alia stated, "We have noted the recent media speculation surrounding Corus Group Plc, UK. ('Corus'). Given recent industry consolidation, Tata Steel is reviewing various opportunities, including Corus. However, there can be no certainty that an approach will be made and if made that it will result in an offer."

Source: National Stock Exchange of India Limited

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