JSW Steel Ltd Acquires Additional 16.67% Interest in MRes NEW HCC Pty Ltd for US$ 60 Million, Increasing Effective Economic Interest in Illawarra Metallurgical Coal to 30%

JSW Steel Ltd, through its wholly owned subsidiary JSW Steel (Netherlands) B.V., has increased its economic interest in M Res NSW HCC Pty Ltd to 83.33% by purchasing non-voting Class B shares for US$ 24 million and subscribing to additional non-voting Class B shares for US$ 36 million. The subscription proceeds were used by M Res NSW to acquire further 6% shareholding in Golden M NSW Pty Ltd from an entity owned by Golden Energy and Resources Pte Ltd. As a result, the Company’s effective economic interest in Illawarra Metallurgical Coal has increased to 30% from earlier 20%. This disclosure is made in compliance with Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.