Mumbai, October 16, 2008 - Tata Steel Group subsidiary Corus UK Ltd and Companhia Vale do Rio Doce (Vale) have signed a contract under which Vale will supply Corus' plants in Europe with almost 63 million metric tonnes of iron ore over five years. The contract will come into effect in 2009.

Corus CEO Philippe Varin said: "We are pleased to have reached this important agreement with Vale, which strengthens the relationship Corus and Vale have built up over the last 65 years. This contract complements the raw materials strategy for Tata Steel Group's European operations of combining external sources with future captive supplies."

About Corus
Corus is Europe's second largest steel producer with annual revenues of more than £12 billion and annual crude steel production of about 20 million tonnes. With main steelmaking operations primarily in the UK and the Netherlands, Corus provides innovative solutions to the construction, automotive, packaging, mechanical engineering and other markets worldwide.

Corus is a subsidiary of Tata Steel Ltd.

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 a 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 2007-2008 and with over 82,700 employees across four continents, it's a Fortune 500 Company