Dear Sirs,

1. We refer to our earlier letter dated 20th October, 2006 wherein Tata Steel had
   informed the stock exchanges that the Board of Directors at its meeting held on
   that day had approved acquisition of the entire issued share capital of Corus
   Group plc. (“Corus”)(“Acquisition”), at a price of 455 pence in cash for each
   share valuing Corus at GBP 4.3 billion.
2. Tata Steel is pleased to announce that it has agreed to an increased recommended
   Acquisition (the "Revised Acquisition") at a price of 500 pence in cash per Corus
   Share.
3. Under the terms of the Revised Acquisition, Corus Shareholders will be entitled to
   receive 500 pence in cash for each Corus Share (the "Revised Price").
4. The terms of the Revised Acquisition value the entire existing issued and to be
   issued share capital of Corus at approximately £4.7 billion.
5. This announcement is not intended to and does not constitute, or form part of, or
   any offer or invitation to purchase any securities or the solicitation of any vote or
   approval in any jurisdiction.

Submitted for your information.

Yours faithfully,
Tata Steel Ltd.
(J. C. Bham)
Company Secretary