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Mr. Muthuraman Conferred The 'CEO of the Year' Award By Asia Brand Summit

Mumbai, September 27, 2007

Asia Brand Summit Awards – organized by Asia Brand Congress – has presented Mr. Muthuraman, Managing Director, Tata Steel with the ‘CEO of the Year’ award for the year 2007, in a function at Taj Lands End in Mumbai on September 26, 2007.

The award was conferred upon Mr. Muthuraman for his indomitable leadership, courage, foresight and his successful strategies that have brought about a positive change in not just the company and the industry, but also ushered in great optimism in the Indian industrial sector, as a whole. He was instrumental in giving India, its biggest overseas acquisition till date, making it a proud moment for not just the steel sector, but Indian industry. Under his able leadership, Tata Steel has gained its place among the top steel manufacturing companies in the world and is today a truly global company. Under the stewardship of Mr. Muthuraman, Tata Steel has adopted world-class practices and maintained quality in all aspects.

The Asia Brand Summit Awards aims to identify the strategic thinking, integration strategies and innovation behind building sustainable brands. The awards recognize various categories, such as Best brand Builder, Best Media Professional, Best Campaign, Brand Leadership, among others.

About Tata Steel

Established in 1907 as Asia’s first integrated private sector steel company, Tata Steel today is the world sixth largest steel producer with geographic footprints in India, South East Asia, UK and Europe. With the recent acquisition of Corus Limited, the combined enterprise has a pro forma crude steel capacity of 25.6 million tonnes with over 84,000 employees across the four continents.

   *The Company is proposing, subject to market conditions and other considerations, an offer on a rights basis of its equity shares and cumulative convertible preference shares and has filed a Draft Letter of Offer with SEBI and the stock exchanges. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the respective websites of the BRLMs at www.jmfinancial.in, www.citibank.co.in and www.dspml.com”