This is to inform that the Equity Shares of Tata SSL Ltd. (Scrip Code No.500396) will be struck-off (delisted) from the list of Officially Quoted Securities with effect from Tuesday, the the 8th October, 2002 pursuant to the compliance with Clause 21(3)(a) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 by the Acquirer (i.e.Tata Iron and Steel Company Ltd.).

The Acquirers have agreed to provide an exit option to the existing shareholders at Rs.27/- per fully paid-up equity share and Rs.2/- per partly paid-up equity share at any time during one year from the date of delisting. The shareholders who desire to opt for the exit option will have to send their shares to the undermentioned address:

Tata Share Registry Ltd.,
Army & Navy Building,
148, Mahatma Gandhi Road,
Mumbai   400&nbap; 001.

The company has also agreed to resolve investor complaints (if any) pending and received hereafter for a period of one year from the date of delisting to the satisfaction of the Exchange.

The 14% Secured Redeemable Partly Convertible Debentures (non-convertible portion) of Rs.50/- each will continue to remain listed on the Exchange till date of redemption i.e. 25th February, 2003.

October 4, 2002