ESTL

Members of the Exchange are hereby informed that the trading in the 0.01% Cumulative Redeemable Preference Shares (Series - P1) of Essar Steel Limited shall be suspended w.e.f. December 28, 2007 (i.e. closing hours of trading on December 27, 2007) on account of premature redemption.

Essar Steel Limited has informed the Exchange that: "The Company has fixed 4th January, 2008 as the Record Date for determining the names of shareholders who shall be entitled to receive the redemption proceeds of 0.01% Cumulative Redeemable Preference Shares of Rs.10/- each. The company has already obtained approval from the members through postal ballot on December 15, 2007 for premature redemption of these preference shares of Rs.10/- each at a premium of Rs.2.50 per share(viz. Rs.12.50 per share)".

Essar Steel Limited had informed the Exchange regarding the dispatch postal ballot form in relation to Special Resolution given in the postal ballot notice dated October 31, 2007. The Company has now informed the Exchange that the Postal Ballot forms were received till the closure of the working hours of December 13, 2007. The scrutiniser, Shri T V Visweswara Rao, submitted his report to the Chairman appointed for the postal ballot process. Outcome of the postal ballot has been announced on December 15, 2007. As per the announcement, the special resolution has been passed with requisite majori

Members are requested to refer to the broadcast message dated December 5, 2007 of Essar Steel Limited (Symbol: ESTL) regarding suspension of trading in the equity shares of Essar Steel Limited w.e.f December 7, 2007 (i.e. w.e.f. closing hours of trading on December 6, 2007) and subsequent withdrawal of admission to dealings (delisting) in securities of the said company w.e.f. December 14, 2007 being kept in abeyance until further notice. Members are hereby informed that the trading in equity shares (Series - EQ/BL) of Essar Steel Limited (Symbol: ESTL) shall be suspended w.e.f December 14, 20

Members are requested to refer to the broadcast message dated November 23, 2007 of Essar Steel Limited (Symbol: ESTL) regarding suspension of trading in the equity shares of Essar Steel Limited w.e.f December 7, 2007 (i.e. w.e.f. closing hours of trading on December 6, 2007) and subsequent withdrawal of admission to dealings (delisting) in securities of the said company w.e.f. December 14, 2007 on account of voluntary delisting pursuant to the SEBI (Delisting of Securities) Guidelines, 2003. Members may note that the same is being kept in abeyance until further notice. This decision is being t

Members of the Exchange are hereby informed that the trading in the equity shares of Essar Steel Limited shall be suspended w.e.f. December 7, 2007 (i.e. w.e.f. closing hours of trading on December 6, 2007) on account of voluntary delisting pursuant to the SEBI (Delisting of Securities) Guidelines, 2003. The admission to dealings in securities of the said company shall be withdrawn (delisted) w.e.f. December 14, 2007.

Essar Steel Limited has informed the Exchange that after the delisting of the equity shares from Stock Exchanges the Company will receive and process investors' correspondence at the address as given in the attachment. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/ESSAESTEEL_ANN_23112007.zip target=NEW> For more details click here.</a>

Essar Steel Limited has informed the Exchange that pursuant to section 192A of the Companies Act, 1956 read with the Companies (Passing of Resolution by Postal Ballot) Rules, 2001 to transact the following special resolution through postal ballot: Special Resolution for premature redemption of 0.01% Cumulative Redeemable Preference Shares of Rs. 10/- each at a premium of Rs. 2.50 per share (viz. Rs. 12.50 per share). The Board of Directors of the Company at its meeting held on October 31, 2007 has appointed Shri. T N V Visweswara Rao, Chartered Accountants as the Scrutinizer for conducting the

Essar Steel Limited has informed the Exchange vide its letter dated November 16, 2007 that: "The equity shares of the Company have attracted significant trading over last couple of days. The economic Times, Mumbai carried an articles on 15.11.2007 titled "Essar Oil Promoters to hike stake" wherein it has been mentioned that The Essar Group has tried to delist two other listed companies - Essar Shipping and Essar Steel earlier this year without much success" Attention of the investors is drawn to following facts. 1) The reverse book building process under the delisting offer has already been co

Essar Steel Limited has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the Company held on September 28, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). <a href=/content/corporate/Estl_AGM_16102007.zip target=NEW> For more details click here.</a>

Edelweiss Capital Limited, Managers to the Delisting Offer of Essar Steel Limited, hereby informed the exchange on behalf of Essar Steel Holdings Limited the Acquirer to the proposed delisting offer of Essar Steel Limited (ESL) that "Price discovered as per the Delisting Guidelines ("Discovered Price") is Rs.48/- per equity share of ESL, at which the maximum number of equity shares have been tendered under the book-building process. The Acquirer accepts the Discovered Price of Rs.48/- per equity share and has decided to offer the Discovered Price as the price for acquisition of the equity shar

Essar Steel Limited has informed the Exchange that: "The company has been informed by the Promoters (Essar Steel Holdings Ltd., Mauritius) that they have extended the Bid period of the Delisting offer of the Equity Shares of the Company to close on Wednesday, 3rd October 2007. Accordingly, the Bid Period will now close on Wednesday, 3rd October, 2007 instead of 28th September, 2007".

Essar Steel Limited has informed the Exchange regarding a public announcement ("PA") being issued by Essar Steel Holdings Limited (the "Acquirer"), which is a closely held public company, forming part of the Essar Group, Promoted by Ruia family, in respect of the proposed acquisition and delisting of the equity shares of Essar Steel Limited (the "Company") in accordance with the SEBI (Delisting of Securities) Guidelines, 2003 (the "Guidelines") issued by the Securities and Exchange Board of India ("SEBI"). Background of the Offer: The Company has an issued, subscribed and paid-up Equity capita

Essar Steel Limited has informed the Exchange that: "The Register of Members of the Company will remain closed from Thursday, September 27, 2007 to Friday, September 28, 2007 (both days inclusive) for the purpose of determining the members on the date of the Annual General Meeting of the company, to be held on Friday, September 28, 2007".

Essar Steel Limited has informed the Exchange that the auditor's have conducted the limited review of the un-audited financial results for the quarter ended June 30, 2007. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Estl_LR_28082007.zip target=NEW> For more details click here.</a>

Essar Steel Limited has submitted to the Exchange a copy of the proceedings of the announcement of Postal Ballot Results on March 21, 2007. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/ESSARSTEEL_PBresult.zip target=NEW> For more details click here.</a>

The Company shall publish Audited Financial Results within a period of 3 month for the year ended on March 31, 2007 i.e. on or before June 30, 2007.

Essar Steel Limited has informed the Exchange that "The Hon�ble High Court of Gujarat has passed an order pursuant to provisions of section 102(1) of the Companies Act, 1956 on April 04, 2007 confirming the Special Resolution passed by the members of the Company at the Annual General Meeting held on September 30, 2006 in connection with adjustment of One time Recompense Charges and Prepaid Power Charges against the credit balance standing in Securities Premium Account".

Essar Steel Limited has submitted to the Exchange a copy of the proceedings of the announcement of Postal Ballot Results on March 21, 2007. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/essarsteel_PR_200407.zip target=NEW> For more details click here.</a>

Essar Steel Limited has informed the Exchange that Essar Global Limited propose to acquire 100% equity shares of Asia Pacific Markets Limited who are holding 8,19,58,123 equity shares representing 7.19% of the total equity share capital of the Company (Essar Steel Limited). The mode of proposed acquisition is by way of interse transfer between group companies by way of indirect acquisition and the date of proposed acquisition is March 30, 2007. The proposed acquisition price per share is as per previous days closing price from the date of proposed acquisition. The shareholding of Essar Global

Essar Steel Limited had informed the Exchange regarding the dispatch of a postal ballot form in relation to the Special Resolution given in the postal ballot notice dated 29th January, 2007. The company has now informed the Exchange that: "The Postal Ballot forms were received till the closure of the working hours of 17th March, 2007. The scrutiniser, Shri T N V Visweswara Rao, submitted his report and the Chairman appointed for the postal ballot process announced the outcome of the postal ballot today the 21st March, 2007 at the Registered Office of the Company at 27 KM, Surat Hazira Road, Di

Essar Steel Limited has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended December 31, 2006. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Essarsteel_LR_09032007.zip target=NEW> For more details click here.</a>

Essar Steel Limited has informed the Exchange that pursuant to section 192A of the Companies Act, 1956 read with The Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 the following special resolution is to be passed by the members of the company through postal ballot: Special Resolution pursuant to provisions of SEBI (Delisting of Securities) Guidelines, 2003 for voluntary delisting of company's equity shares from Bombay Stock Exchange Ltd. and National Stock Exchange of India Ltd. set out in the Notice dated January 29,2007. The Board of Directors at its meeting held on Janua

Essar Steel Limited has informed the Exchange that "The Board at its meeting held on January 29, 2007 has decided to obtain the consent of shareholders to delist the Equity Shares of the Company from Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd in terms of SEBI (Delisting of Securities) Guidelines 2003".

Essar Steel Limited has informed the Exchange that: "The Board at its meeting held on January 29, 2007 have made the following appointments. 1) Shri Rewant Ruia has been re-appointed as an Additional Director of the Company. He will be Non-Independent, Non-Executive Director. 2) Shri V G Raghavan has resigned from the post of Director (Finance) of the Company with effect from 1st February, 2007. He however continues to be a member of the Board as Non Executive, Non-Independent Director. 3) Shri Robin Banerjee has been appointed as an Additional Director, designated as Director (Finance) with e

Essar Steel Limited has informed the Exchange that "We have received a letter dated January 25, 2007 from Essar Steel Holdings Limited ("ESHL") a major promoter shareholder of Essar Steel Limited intending to delist the shares of company from the Bombay Stock Exchange Limited and National Stock Exchange of India Limited. At present, ESHL together with Persons Acting in Concert (PAC) holds 992,586,994 equity shares aggregating to 87.08% of the total equity share capital of company. We have also been requested to convene a Board meeting of the Company to discuss the matter and obtain consent of

Essar Steel Limited has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended September 30, 2006. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).<a href=/content/corporate/Essarsteel_LR_10012007.zip target=NEW> For more details click here.</a>

Essar Steel Limited has informed the Exchange that the Board at its meeting held on October 31,2006 has appointed Shri K V Krishnamurthy as an Additional Director of the Company. He will be an Independent and Non Executive Director. Further, the term of Shri P S Ruia as Managing Director of the Company has been completed on October 28,2006. Shri P S Ruia is not seeking re-appointment as Managing Director. He however continues to be on the Board as Non-Executive Non-Independent Director.

Essar Steel Limited has submitted to the Exchange a copy of the proceedings of the AGM of the Company held on September 30,2006. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/ESTL_131006.zip target=NEW> For more details click here.</a>

Essar Steel Limited has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2006. The details of the limited review report shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Essar Steel Limited has informed the Exchange that the Register of Members of the Company will remain closed from September 29,2006 to September 30,2006 (both days inclusive) for the purpose of determining the members on the date of the AGM of the company, to be held on September 30,2006.

Essar Steel Limited has informed the Exchange that the Hon'ble High Court of Gujarat at Ahmedabad, pursuant to Section 391/394 of the Companies Act, 1956 has approved the Scheme of Amalgamation of Hy-Grade Pellets Ltd and Steel Corporation of Gujarat Ltd with Essar Steel Ltd and the Scheme of Reconstruction of Capital of Essar Steel Ltd. This approval is preceded by similar approval of Hon'ble Andhra Pradesh High Court in the same matter, which approval was subject to approval of Gujarat High Court. As such all Court approvals in this regard have been received.

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.

Asia Pacific Markets Ltd has informed the Exchange that Asia Pacific Markets Ltd has acquired 36,938,023 shares aggregating to 6.36% of the share capital of Essar Steel Ltd. The mode of acquisition is by way of interse transfer and the date of acquisition is May 05, 2006. The shareholding of Asia Pacific Markets Ltd after the said acquisition is 36,938,123 shares aggregating to 6.36% of the share capital of Essar Steel Ltd.

Essar Steel Limited has informed the Exchange that Asia Pacific Markets Ltd propose to acquire 3,69,38,023 shares aggregating to 6.36% of the shares/voting rights of Essar Steel Ltd from Essar Energy Holding Ltd and Essar Metal Holdings Ltd. The mode of proposed acquisition is by way of interse transfer and the date of proposed acquisition is May 05, 2006. The proposed acquisition price per share is previous day's closing price and the shareholding of Asia Pacific Markets Ltd after the proposed acquisition will be 3,69,38,123 shares aggregating to 6.36% of the shares/voting rights of Essar Ste

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 submitted to the Exchange a copy of the proceedings of the Court Convened Meetings of the Equity Shareholders and 0.01% Cumulative Redeemable Preference Shareholders of the Company held on January 21, 2006 for the purpose of considering and if though fit, approving with or without modification, the scheme of Arrangement in the nature of Scheme of Amalgamation of Hy-Grade Pellets Limited and Steel Corporation of Gujarat Ltd with the Company and Reconstruction of Capital of Essar Steel Ltd. The details of the same shall be available on the NSE website (http://www.nseindia

Essar Steel Limited has informed the Exchange that the Company on February 15, 2006 has allotted 6,11,10,000 Equity Shares of Rs.10/- each at a premium of Rs.8/- per share upon conversion of 1,22,22,000 0.01% Optionally Convertible Preference Shares of Rs.90/- each. The said allotment has been done in compliance with in-principle approvals from Bombay Stock Exchange Ltd. and National Stock Exchange Ltd received vide their letters dated February 14, 2006 and February 15, 2006 respectively. With the above allotment the equity share capital of the Company is as follows :- 1) Equity Share capital

Essar Steel Limited has informed the Exchange that there was an incident in one of the three Electric Arc Furnaces at the Steel plant of Essar Steel, Hazira on evening of February 04, 2006. However, there are no casualties. Out of 11 persons who are injured, seven had minor injuries, of which 5 persons has been discharged after providing the requisite treatment. Two of the injured have been shifted to Mumbai for treatment. The Company has put in a team for investigating the cause of the incident. The other two Electric Arc Furnaces are functioning normally. The incident is expected to have min

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 Steel Limited has informed the Exchange that the Company on February 02, 2006 has allotted 21,50,00,000 Equity Shares of Rs.10/- each at a premium of Rs.8/- per share upon conversion of 4,30,00,000 0.01% Optionally Convertible Preference Shares of Rs.90/- each. The said allotment has been done in compliance with in-principle approvals from Bombay stock Exchange Ltd., and National Stock Exchange Ltd. and as per stipulations of Corporate Debt Restructuring Cell appointed by Reserve Bank of India. With the above allotment the equity share capital of the Company is as follows :- 1) Equity Sh

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.

Asia Pacific Steel Ltd. has informed the Exchange that they have acquired 15,000,000 shares aggregating to 4.93% of the total capital of Essar Steel Ltd. on January 10, 2006. The mode of acquisition is interse transfer u/r 3(1) and the shareholding of Asia Pacific Steel Ltd. after the said acquisition is 36,866,084 shares aggregating to 12.11% of the total share capital of Essar Steel Ltd.

Asia Pacific Steel Ltd. has informed the Exchange that they have acquired 11,600,000 shares aggregating to 3.81% of the total share capital of Essar Steel Ltd. The mode of acquisition is interse transfer u/r 3(1) and the shareholding of Asia Pacific Steel Ltd. after the said acquisition is 21,866,084 shares aggregating to 7.18% of the total share capital of Essar Steel Ltd.

Essar Steel Limited has informed the Exchange that by an Order dated December 16, 2005 passed by the Hon'ble High Court of Gujarat at Ahmedabad, the Court has directed that a Meeting of the 0.01% Cumulative Redeemable Preference Shareholders of the Company be convened and held on January 21, 2006 for the purpose of considering and if thought fit, approving with or without modifications, the Scheme of Arrangement embodied in the Scheme of Amalgamation of Hy-grade Pellets Limited and Steel Corporation of Gujarat Limited with Essar Steel Limited and Reconstruction of Capital of Essar Steel Limite

Essar Steel Limited has informed the Exchange that by an Order dated December 16, 2005 passed by the Hon'ble High Court of Gujarat at Ahmedabad, the Court has directed that a Meeting of the Equity Shareholders of the Company be convened and held on January 21, 2006 for the purpose of considering and if thought fit, approving with or without modification, the Scheme of Arrangement in the nature of the Scheme of Amalgamation of Hy-grade Pellets Limited and Steel Corporation of Gujarat Limited with Essar Steel Limited and Reconstruction of Capital of Essar Steel Limited, as proposed between the c

Essar Steel Limited has informed the Exchange that the auditor's have conducted the limited review of the un-audited financial results for the quarter ended September 30, 2005 and the details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Essar Steel Limited has informed the Exchange that the BODs of the Company has in its meeting held on October 28, 2005, approved the draft scheme of amalgamation in respect of proposed amalgamation of Hy-Grade Pellets Limited and Steel Corporation of Gujarat Limited, two wholly owned unlisted subsidiaries of the Company, with the Company in terms of provisions of section 394 of the Companies Act,1956 relating to Court ordered amalgamation.

Essar Steel Limited has submitted to the Exchange a copy of the Proceedings of the AGM of the company held on September 17, 2005.The company has further informed that they have received a letter from Vadodara Stock Exchange Ltd approving voluntary delisting of its shares from Vadodara Stock Exchange Ltd in terms of the resolution passed by the shareholders of Company at AGM held on August 07, 2004. A copy of the proceedings shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).