TATA May 47,2016, “The Secretary, Listing Deparment ‘The Manager, Listing Department BSE Limited National Stock Exchange of Inia Limited Phiraze Jeojeebhoy Towers, Exchange Plaza, Sth Foor, Plt No. Cit, Dalal Svest, G Block, Banara-Kurla Complex, Banda (E), ‘Mumbai = 400 001 ‘Mumbai - 400 051 Maharashtra. Inala Maharashtra, India ‘Serip Code: 600470 ‘Symbol TATASTEEL Desr Sirsmtadam, ‘Sub: Pross Release lease find enclosed the press release tited “Scheme of Amalgamation of Tata Metals Limited and Tata Metals DI Pipes Limited vith Tata Stee! Limited” “This is for your information and records Yours faithfully, “Tata Steo Limited Porauenw — arvatheesam K ‘Company Secretary Enc! a above ‘TATA STEEL LIMITEDTATA STEEL TATA rinmedaie use ER ‘Scheme of Amalgamation between Tata Motaliks Limited and, ‘Tata Metaliks DI Pipes Limited with Tata Steel Limited ‘Mumbai: May 47, 2016. Tata Stee! Limited (the Company) today announced that ts Commitee of Directors. (constituted and duly authorised by the Board of Directors) approved the proposal ofthe Company to fle ‘appropriate application before the Hon'ble High Court of Bombay seeking recall of the Order dated ‘August 21, 2015 sanctioning the Scheme of Amalgamation between the Tata Metaiks Limited and Tata Metalics DI Pipes Limited with the Company (Scheme) “The Scheme was earir recommended by the Commitee of Directors in Apri 2013 and approved by the members of the Company atthe Court Convened Meeting held in May 2014. In terms of the Scheme, the ‘swap ratio for public shareholders was 4 equity shares of Re. 10/- each of Tata Steel Limited for every 28 ‘equity shares of Rs. 10)- each held in Tata Metals Limited. ‘The Scheme is curently not effective since the petition fied by Tata Metalks Limited with the Hon'ble High Court of Calcutta for approval of the Scheme is pending for disposal. Accordingly, Tata Metals Liited has ‘been advised to consider withdrawing the Scheme with a leave to re-fle a fresh scheme for merger of Tata Metaliks Di Pipes Limited with Tata Meta Lined Mr. Koushik Chatterjee, Group Executive Director (Finance and Corporate) Tata Ste! aid "The decision is based on careful consideration of various factor including, inordinate delay in obtaining requiste regulatory ‘and statutory approvals along with significant dlution in the intended synergies that were envisaged in ‘Apfil 2013, Tata Steel continues to strategically support Tata Metalks in ts journey towards making it a Profitable and value creating company forthe future. Wth today's decision, Tata Metals will continue to ‘operate as a subsidiary company of Tata Stee Limited Ende er Investor onauitios contact For media enquiries contact Sanita Shah Kalvin Sur Tato) 22 90857307 “Tot 191 657 654 5512/+01 92510 2307 rai: sami shahitatsteel com ‘mal ln Devang Shah “Tl +91 226865 0690 ‘eral devana shah itatstelcom TATA STEEL LIMITED Crome Corvanievaanatan crn ceporotyharar COMET DED dew nll cor Ww