ESTL

Essar Steel Limited has informed the Exchange that Essar Metal Holdings Ltd. has sold 36,911,153 shares aggregating to 6.36% of the share capital of Essar Steel Ltd. on May 05, 2006. The mode of sale is Interse transfer u/r 3 (1) of SEBI (substantial Acquisition of shares and Takeovers) Regulations, 1997 and the shareholding of Essar Metal Holdings Ltd. after the said sale is 100 shares of the share capital of Essar Steel Ltd.

Essar Steel Limited has informed the Exchange that Essar Metal Holdings Ltd. has acquired 11,865,984 shares aggregating to 2.04% of the share capital of Essar Steel Ltd. on March 27, 2006. The mode of acquisition is Interse transfer between Promoters U/R 3(1). The shareholding of Essar Metal Holdings Ltd. after the said acquisition is 36,901,453 shares aggregating to 6.36% of the share capital of Essar Steel Ltd. and; 2) Asia Pacific Steel Ltd. has sold 25,000,000 shares aggregating to 4.31% of the share capital of Essar Steel Ltd. on March 24, 2006. The mode of sale is Interse transfer betwee

Essar Steel Limited has informed the Exchange that Essar Power Limited has acquired 215,000,000 shares aggregating to 41.39% of the total share capital of Essar Steel Limited on February 02, 2006.The mode of acquisition is Conversion of Convertible Preference Shares Acquisition is exempt u/r 3(1)(j)(ii) of the Regulations and the shareholding of Essar Power Limited after the said acquisition is 215,000,000 shares aggregating to 41.39% of the total share capital of Essar Steel Limited.

Essar Power Limited has informed the Exchange that they have acquired 215,000,000 shares aggregating to 41.39% of the total capital of Essar Steel Limited. The date of acquisition is February 02, 2006 and mode of acquisition is acquisition of shares u/r 3(1)(i)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 upon conversion of convertible preference shares. The shareholding of Essar Power Limited after the said acquisition is 215,000,000 shares aggregating to 41.39% of the total capital of Essar Steel Limited.

Essar Steel Limited has informed the Exchange that Asia Pacific Steel Ltd. has acquired 11,600,000 shares (3.81%) on January 09, 2006 and 15,000,000 shares (4.93%) on January 10, 2006 of Essar Steel Ltd. The mode of acquisition is interse transfer between promoters u/r 3(1) of SEBI(Substantial Acquisition of Shares and Takeovers)Regulations,1997 and the shareholding of Asia Pacific Steel Ltd. after the said acquisition is 36,866,084 shares aggregating to 12.11% of the total capital of Essar Steel Ltd.

Essar Steel Limited has informed the Exchange that Essar Investments Ltd. has sold 9,330,743 shares aggregating to 3.07% of total share capital/voting rights of Essar Steel Ltd. on June 14,2005 and June 17, 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 Invesments Ltd. after the said sale is 71,077,972 shares aggregating to 23.35% of the total share capital/voting rights of Essar Steel Ltd..

Essar Steel Limited has informed the Exchange that Essar Holdings Pvt. Ltd. (formerly Chandrakaunsh Traders Pvt. Ltd.) has acquired 9,330,743 shares aggregating to 3.07% of total share capital/voting rights of Essar Steel Ltd. on June 14 and 17, 2005. The mode of acquisition is Interse transfer between Promoters u/r 3(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997, and the shareholding of Essar Holdings Pvt. Ltd. after the said acquisition is 54,347,904 shares aggregating to 17.85% of the total share capital/voting rights of Essar Steel Ltd.