The Board of Tata Steel has appointed Kirby Adams to succeed Philippe Varin as Chief Executive Officer of Corus and of Tata Steel Europe, the holding company of Tata Steel’s European operations. Mr. Varin is stepping down on April 6, 2009, after six years in the role during which he led the turnaround of Corus.

Post Tata Steel’s acquisition of Corus in 2007, Mr. Varin has worked closely and effectively with Mr. B. Muthuraman, Managing Director of Tata Steel to successfully integrate Corus and Tata Steel. The Company is now well placed to achieve its long term objectives.

American-born Mr. Adams was formerly Chief Executive of BlueScope Steel, headquartered in Melbourne, Australia. He has also served as Chairman of the International Iron and Steel Institute and has a wealth of international experience in the metal and mining industry. He will join the Boards of Tata Steel Europe and Tata Steel, subject to necessary approvals.

Once he has obtained the necessary visa, Mr. Adams will re-locate to London and commence working from early March 2009. Mr. Adams will report to Mr. Muthuraman.

When Tata Steel acquired Corus, Mr. Varin had agreed to continue as Chief Executive for at least two years. Now that he has met his commitment, he has decided to seek a new challenge. In order to ensure a smooth transition of executive leadership in Corus, Mr. Varin will continue to serve on the Boards of Tata Steel Europe and Tata Steel as a non-executive Director.

Ratan Tata, Chairman of Tata Steel paid tributes to Philippe Varin for his outstanding contribution as Chief Executive of Corus and welcomed Kirby Adams to an exciting and challenging assignment.

About Tata Steel

Established in 1907 as Asia's first integrated private sector steel company, Tata Steel Group (including Corus) is the world's sixth largest steel producer with an annual crude steel capacity of over 28 million tonnes. It is now the world's second most geographically diversified steel producer, with operations in 26 countries and commercial presence in over 50 countries.

The Tata Steel Group with a turnover of USD 33 billion in FY`08 has over 82,700 employees across five continents is a Fortune 500 Company. Tata Steel India is the first integrated steel company in the world, outside Japan, to be awarded the Deming Application Prize 2008 for excellence in Total Quality Management.

Tata Steel’s journey over the last hundred years has been a fascinating saga of pioneering initiatives in steel making, responsible industrialization with minimal impact on environment and of facilitating the socio-economic empowerment of the community.