The future Management Board is the right choice to build a strong number two in the European flat

steel market. I am fully convinced that this Board will successfully lead the integration of the Joint Venture

given their extensive technical and operational expertise as well as their broad intercultural

experiences. They will optimally set up the joint venture to address future challenges of the industry

and meet the needs of the customers.

Information for employees of Steel Europe

Information on the new management team.

Way forward for Steel –

Announcement of the members of the Joint Venture

Management Board.

Issue 6

I firmly believe that the designated Management Board has a strong combination of industry

and leadership experience needed to ensure a successful and sustainable future for the proposed thyssenkrupp Tata Steel Joint Venture. This marks

an important step forward in our preparations towards establishing the planned Joint Venture.

Another milestone on our way towards the new Joint Venture has been reached.Tata Steel and thyssenkrupp have today decided on the members of the future Management Board for the planned European steel Joint Venture between the two companies.

The future Management Board will consist of Andreas J. Goss, Hans Fischer, Sandip Biswas and Premal A. Desai. Andreas Goss, currently Chief Executive Officer of thyssenkrupp‘s Steel division, will be the future Chief Executive Officer (CEO) of the Joint Venture. Hans Fischer, currently the CEO of Tata Steel Europe, will be the Deputy CEO & Chief Technology Officer(CTO) of the Joint Venture. Sandip Biswas, currently the Group Executive Vice President Finance of Tata Steel Limited is the designated Chief Financial Officer (CFO) while Premal Desai currently the Chief Financial Officer of thyssenkrupp Steel Europe will be the Chief Strategy Officer (CSO) of the Joint Venture.

The Management Board will be responsible for the planning and execution of the post merger integration and the long term business strategy after the planned Joint Venture has received the necessary regulatory approvals. This will be done in conjunction with the future top leadership team of the Joint Venture to be announced early in 2019.

The Management Board and the future top leadership team will be responsible for the planning and execution of the post merger integration and the long term business strategy after the planned Joint Venture has received the necessary regulatory approvals and after closing.

A decision on the successors in CEO and CFO positions on the Management Board of thyssenkrupp Steel Europe AG will be taken in good time before the Closing.

TV Narendran, CEO and Managing Director of Tata Steel, said:

Guido Kerkhoff, CEO of thyssenkrupp said:

Information for employees of Steel Europe 17.12.2018

Andreas J. Goss, currently Chief Executive Offi cer (CEO) of thyssenkrupp‘s Steel division, will be the future Chief Executive Offi cer (CEO) of the planned Joint Venture. In this role, he will position the new Joint Venture thyssenkrupp Tata Steel in the European market. Before joining thyssenkrupp in 2012, Goss held a number of international management assignments within Siemens in the USA and Great Britain. In his most recent function, he was Chief Executive responsible for Siemens UK and the region North-West Europe. Goss is married and father of two.

Hans Fischer will be the Deputy CEO & Chief Technology Offi cer (CTO) of the Joint Venture and responsible for research and development. Fischer studied mechanical engineering at Eindhoven university and embarked on this professional career when he joined the then steel company Hoogovens. In 2001 he became technical Managing Director of Salzgitter where he was appointed member of the Executive Board later on. In 2010, he took over as CEO of thyssenkrupp Steel Americas. Since 2012, Hans Fischer has been CTO of Tata Steel Europe and was appointed CEO in 2016.

Premal A. Desai will be the Chief Strategy Offi cer (CSO) of thyssenkrupp Tata Steel. In this position, he will be responsible for the integration of the two companies, digitization as well as the development of the business model. Desai studied business administration and economics and then worked for ten years for the management consulting fi rm Boston Consulting Group. He joined thyssenkrupp in 2006 and became member of the Management Board of thyssenkrupp Steel Europe AG in 2015. In his spare time, spending time with his family comes fi rst for this father of four.

Sandip Biswas is the designated Chief Financial Offi cer (CFO) of the Joint Venture. Biswas was born in 1968 and studied economic sciences at Calcutta university. After working many years in the fi nancial services sector, Biswas joined Tata Steel in 2005 where he held various executive functions. Biswas is currently Group Executive Vice President Finance, and is closely involved in the European steel business of Tata Steel. Biswas is married and father of a daughter.

Please note that you are not allowed to contact employees of Tata Steel Europe. Any necessary talks will be exclusively and centrally arranged and conducted by the Project Management Offi ce (PMO)/

Until the Closing, thyssenkrupp Steel Europe and Tata Steel Europe will continue to be competitors.

M&A Team. The antitrust regulations for dealings with Tata Steel Europe prior to Closing also apply to the designated members of the Management Board so that they will only start work after Closing.

Andreas J. GossChief Executive Offi cer

Hans Fischer Deputy

Chief Executive Offi cer

Sandip BiswasChief Financial Offi cer

These are the members of the future Management Board of the Joint Venture:

Premal A. DesaiChief Strategy Offi cer