ESSARGUJ

Essar Steel Ltd. has informed the Exchange that Chandrakaunsh Traders Pvt. Ltd. have acquired 8,000,000 shares aggregating to 1.56% of the total share capital of Essar Steel Limited. The date of sale is is March 09, 2005 and the mode of sale is interse transfer u/r 3(1) of SEBI(Sunstantial Acquisition of Shares and takeovers)Regualtions,1997 . The shareholding of Chandrakaunsh Traders Pvt. Ltd. after the said acquisition is 75,028,602 shares aggregating 14.66% of the total share capital of Essar Steel Limited.

Essar Steel Ltd. has informed the Exchange that Chadrakaunsh Traders Pvt. Ltd. have acquired 11,000,000 shares aggregating to 2.15% of the total share capital of Essar Steel Limited. The date of acquisition is March 04, 2005 and the mode of acquisition is interse transfer between promoters u/r 3(1) of SEBI(Substantial Acquistion of Shares and Takeovers)Regualtions,1997.The shareholding of Chadrakaunsh Traders Pvt. Ltd. after the said acquisition is 67,028,602 shares aggregating 13.10% of the total share capital of Essar Steel Limited.

Essar Steel Ltd. has informed the Exchange that Essar Investments Ltd. has sold 11,000,000 shares aggregating to 2.15% of the total share capital of Essar Steel Limited. The date of sale is March 04, 2005 and the mode of sale is interse transfer between promoters u/r 3(1) of SEBI(Sunstantial Acquisition of Shares and takeovers)Regualtions,1997 .The shareholding of Essar Investment Ltd. after the said sale is 142,014,525 shares aggregating 27.75% of the total share capital of Essar Steel Limited.

Essar Steel Ltd. has informed the Exchange that Chadrakaunsh Traders Pvt. Ltd. have acquired 11,000,000 shares aggregating to 2.15% of the total share capital of Essar Steel Limited. The details of acquisition is as follows: (i) 5,500,000 shares on February 28, 2005, and (ii) 5,500,000 shares on March 01, 2005. The mode of aquisition is Interse transfer between Promoters u/r 3(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and the shareholding of Chadrakaunsh Traders Pvt. Ltd. after the said acquisition is 39,528,602 shares aggregating to 7.72% of the total shar

Essar Steel Ltd. has informed the Exchange that Essar Investments Ltd. have sold 16,500,000 shares aggregating to 3.22% of the total share capital of Essar Steel Limited. The details of sale is as follows: (i) 8,500,000 shares on March 02, 2005, and (ii) 8,000,000 shares on March 03, 2005. The mode of sale is Interse transfer between Promoters u/r 3(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and the shareholding of Essar Investments Ltd. after the said sale is 153,014,525 shares aggregating to 29.90% of the total share capital of Essar Steel Limited.

Essar Steel Ltd. has informed the Exchange that Chadrakaunsh Traders Pvt. Ltd. have acquired16,500,000 shares aggregating to 3.22% of the total share capital of Essar Steel Limited. The details of acqusition is as follows: (i) 8,500,000 shares on March 02, 2005, and (ii) 8,000,000 shares on March 03, 2005. The mode of sale is Interse transfer between Promoters u/r 3(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and the shareholding of Chadrakaunsh Traders Pvt. Ltd. after the said acqusition is 56,028,602 shares aggregating to 10.95% of the total share capita

Essar Steel Ltd. has informed the Exchange that Essar Investments Ltd. have sold 11,000,000 shares aggregating to 2.15% of the total share capital of Essar Steel Limited. The details of sale is as follows: (i) 5,500,000 shares on February 28, 2005, and (ii) 5,500,000 shares on March 01, 2005. The mode of sale is Interse transfer between Promoters u/r 3(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and the shareholding of Essar Investments Ltd. after the said sale is 169,514,525 shares aggregating to 33.12% of the total share capital of Essar Steel Limited.

Essar Investments Ltd. has informed the Exchange that they have sold 1,65,00,000 shares aggregating to 3.22% of the total share capital of Essar Steel Limited. The details of sale is as follows: (i) 8,500,000 shares on March 02, 2005, and (ii) 8,000,000 shares on March 03, 2005. The mode of sale is Interse transfer between Promoters u/r 3(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and the shareholding of Essar Investments Ltd. after the said sale is 153,014,525 shares aggregating to 29.90% of the total share capital of Essar Steel Limited.

Chadrakaunsh Traders Pvt. Ltd. have informed the Exchange that they have acquired 16,500,000 shares aggregating to 3.22% of the total share capital of Essar Steel Limited. The date of acquisition is as follows : (i) 8,500,000 shares on March 02, 2005; and (ii) 8,000,000 shares on March 03, 2005. The mode of acquisition is by way of interse transfer between Promoters u/r 3(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and the shareholding of Chadrakaunsh Traders Pvt. Ltd. after the said acquisition is 56,028,602 shares aggregating 10.95% of the total share capit

Essar Steel Ltd. has informed the Exchange that Chadrakaunsh Traders Pvt. Ltd. have acquired 55,00,000 shares aggregating to 1.07% of the total share capital of Essar Steel Limited. The date of acquisition is February 25, 2005 and the mode of acquisition is by way of interse transfer u/r 3(1) of SEBI(Substantial Acquisition of shares and Takeovers)Regualtions,1997. The shareholding of Chadrakaunsh Traders Pvt. Ltd. after the said acquisition is 28,528,602 shares aggregating 5.57% of the total share capital of Essar Steel Limited.