General Announcement::Summary of Proceedings and Voting Results of the 114th Annual General Meeting of Tata Steel Limited

July 1, 2021

Dear Madam, Sirs,

Sub: Summary of Proceedings and Voting Results of the 114th Annual General Meeting ('AGM') of Tata Steel Limited ('the Company')

In terms of the Ministry of Corporate Affairs' (MCA) General Circular Nos. 14/2020 and 17/2020 dated April 8, 2020 and April 13, 2020 respectively, read with Circular Nos. 20/2020 dated May 5, 2020 and 02/2021 dated January 13, 2021 (together referred to as MCA Circulars) and the SEBI Circular No. SEBI/HO/CFD/CMD1/CIR/P/2020/79 dated May 12, 2020 and SEBI/HO/CFD/ CMD2/CIR/P/2021/11 dated January 15, 2021 (referred to as SEBI Circular) and in compliance with other applicable provisions of the Companies Act, 2013 ('Act') and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), the 114th AGM of the Company was held on Wednesday, June 30, 2021 at 3.00 p.m. (IST) through two-way Video Conference ('VC')/Other Audio Visual Means ('OAVM'), without the physical presence of its Members at a common venue, to transact the business as stated in the AGM Notice dated May 5, 2021 ('Notice'). All the items of business contained in the Notice were transacted and passed by the Members with requisite majority. The Company also facilitated the live webcast of the proceedings.

In this regard, please find enclosed the following:

1. Summary of the proceedings of the AGM of the Company as required under Regulation 30 read with Part A of Schedule III of the Listing Regulations, as amended -
   Annexure A
2. Combined voting results of remote e-voting and e-voting conducted during the AGM, in relation to the business transacted at the AGM, as required under Regulation 44(3) of the Listing Regulations, as amended - Annexure B
3. The Scrutinizer's Report dated June 30, 2021, pursuant to Section 108 of the Act, read with Rule 20 of the Companies (Management and Administration) Rules, 2014, each as amended - Annexure C

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

The AGM concluded at 7.55 p.m. (IST).

The voting results along with the Scrutinizer's Report is available on the Company's website at www.tatasteel.comand is also being made available on the website of the National Securities Depository Limited at www.evoting.nsdl.com.

This is for your information and records.

Thanking you.

Yours faithfully,

Tata Steel Limited

Parvatheesam Kanchinadham

Company Secretary &

Chief Legal Officer (Corporate & Compliance)

Encl: As above

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

ANNEXURE A

Summary of proceedings of the 114th Annual General Meeting ('AGM/Meeting')

The 114th AGM of the Members of Tata Steel Limited ('the Company') was held on Wednesday, June 30, 2021 at 3.00 p.m. (IST) through two-way Video Conferencing ('VC')/Other Audio-Visual Means ('OAVM'). The Meeting was conducted in accordance with the circulars issued by the Ministry of Corporate Affairs ('MCA') and the Securities and Exchange Board of India ('SEBI').

Mr. Parvatheesam Kanchinadham, Company Secretary & Chief Legal Officer (Corporate & Compliance), welcomed the Members to the Meeting and briefed them on details relating to their participation at the Meeting through audio-visual means.

Mr. Natarajan Chandrasekaran, Chairman of the Board, chaired the Meeting. The Chairman welcomed the Shareholders to the Meeting and on requisite quorum being present, called the Meeting to order.

All the Directors of the Company were present at the Meeting through VC from their respective locations except Mr. V. K. Sharma, Non-Executive Director.

The Chairman welcomed the Directors and requested them to introduce themselves to the

Members. He then welcomed Company's Chairman Emeritus, Mr. Ratan Tata, who was

participating in the meeting over VC. The Chairman then welcomed the Union representatives of the Company, who were attending the Meeting through VC.

The Chairman thereafter, informed the Members that, representatives of Price Waterhouse & Co. Chartered Accountants LLP, Statutory Auditors and M/s. Parikh & Associates, Secretarial Auditors and Scrutinizers for the remote e-voting and the e-voting during the proceedings of the AGM, were also present at the Meeting through VC.

The Chairman further informed the Members that, the proceedings of the Meeting were also being webcast and could be viewed live by Members by logging in to NSDL website. The Company had taken the requisite steps to enable Members to participate and vote on the items being considered at this AGM.

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

The details of authorized representations received from corporate shareholders were informed to the Members. Since there was no physical attendance of Members and in compliance with the Circulars issued by the MCA and SEBI, Members were informed that the requirement of appointing proxies was not applicable. Further, the Registers as required under the Companies Act, 2013 were available for inspection in electronic mode, should any Member request for the same.

The Chairman then made his opening remarks and briefed the shareholders with respect to the situation caused by COVID-19, the Company's responses to combat COVID-19 and the initiatives taken in this to support the country and the community. He also briefed shareholders on the macro-economic environment and the steel industry, the Company's performance during Fiscal 2021, and other strategic interventions.

With the consent of the Members present, the Notice convening the AGM and the Auditor's Report for the year ended March 31, 2021 were taken as read. There were no qualifications, observations or adverse remarks in the Statutory and Secretarial Auditor's Reports.

Mr. T.V. Narendran, Chief Executive Officer & Managing Director of the Company then made a presentation on the operational and financial performance of the Company for the Financial Year 2020-21.

The Chairman Emeritus, Mr. Ratan Tata then addressed the shareholders.

In terms of the Notice dated May 5, 2021 convening the 114th AGM of the Company, the following business were transacted at the Meeting through remote e-voting. All Resolutions were Ordinary Resolutions.

1. Adoption of Audited Standalone Financial Statements for the Financial Year ended March 31, 2021 and the reports of the Board of Directors and Auditors thereon.
2. Adoption of Audited Consolidated Financial Statements for the Financial Year ended March 31, 2021 and the report of the Auditors thereon.
3. Declaration of Dividend for the Financial Year 2020-21 as given below:
4. 1. ₹25/- per fully paid-up Ordinary (equity) Share of face value ₹10/- each;
   2. ₹6.25 per partly paid-up Ordinary (equity) Share of face value ₹10/- each (paid-up ₹2.504 per share).

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

1. Appointment of a Director in place of Saurabh Agrawal (DIN: 02144558)) who retires by rotation and being eligible, seeks re-appointment.
2. Ratification of the remuneration of Messrs Shome & Banerjee, Cost Auditors of the Company.

Members present at the Meeting were given an opportunity to ask questions and seek clarification(s). The Chairman appropriately responded to the questions raised.

Post the question and answer session, the Chairman authorized Mr. Parvatheesam Kanchinadham to carry out the e-voting process and conclude the Meeting. The Chairman further informed the Members that the consolidated voting results will be disseminated to the Stock Exchanges on which the Company's shares are listed and will also be made available on the website of the Company at www.tatasteel.comand the National Securities Depository Limited at [e-mail] 48 hours from f the conclusion of the Meeting.

The Chairman then thanked the Members for their continued support and for attending and participating in the Meeting. He also thanked the Directors for joining the Meeting virtually. The e-voting facility was kept open for the next 15 minutes to enable the Members to cast their vote. Upon completion of the e-voting process, Mr. Kanchinadham declared the Meeting closed.

Post the conclusion of the remote e-voting, the Scrutinizers' report was received.

All the Resolutions have been passed with requisite majority.

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