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Feb 04, 2023, 04.30 PM

Tata Motors confirms its Delisting from the NYSE

The ADS holders can surrender their ADSs to the Depositary in exchange for the underlying Ordinary Shares of the Company at any time on or prior to July 24, 2023.

This follows the filing by the Company of Form 25 with the Securities and Exchange Commission on January 13, 2023.

Tata Motors Limited confirms that the voluntary delisting of its American Depositary Shares (the “ADSs”), representing Ordinary Shares of the Company, from the New York Stock Exchange (the “NYSE”) will become effective close of trading on the NYSE on January 23, 2023.

This follows the filing by the Company of Form 25 with the Securities and Exchange Commission on January 13, 2023.

As a consequence of the delisting becoming effective, termination of the Amended and Restated Deposit Agreement, dated as of September 27, 2004, as amended by Amendment No. 1 to the Amended and Restated Deposit Agreement, dated as of December 16, 2009 (so amended, the “Deposit Agreement”), by and among the Company, Citibank, N.A. asDepositary (the “Depositary”) and the Holders and Beneficial Owners of the ADSs, will also become effective close of trading on the NYSE on January 23, 2023. After January 23, 2023, there will be no over-the-counter market trading of theADSs in the United States due to regulatory restrictions under Indian law.

The ADS holders can surrender their ADSs to the Depositary in exchange for the underlying Ordinary Shares of the Company at any time on or prior to July 24, 2023. Starting on or about July 25, 2023, the Depositary may sell the thenremaining Ordinary Shares held on deposit upon the terms described in the notice of termination of ADS facility as provided for in the Deposit Agreement.
 

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