TATAFIN

Members of the Exchange are hereby informed that the trading in equity shares of Tata Finance Ltd shall be suspended w.e.f. August 05, 2005 (i.e. closing hours of trading on August 04, 2005) on account of Scheme of Amalgamation of Tata Finance Limited with Tata Motors Limited.

Tata Motors Limited has informed the Exchange that: 1) Pursuant to Clause 13.1 of the scheme of Reorganisation and Amalgamation of Tata Finance Limited with Tata Motors Limited ("the Scheme") which has become effective from June 29, 2005, the Company would be allotting to every Equity shareholder of Tata Finance Limited, 8 Ordinary Shares of Rs.10/- of the Company in exchange for every 100 Equity shares of Rs.I0/- each of Tata Finance Limited. The Company held 1,84,94,389 Equity shares in Tata Finance Limited which stand cancelled; 2) The Record date for the purpose of the exchange of shares o

6) In respect of fractional entitlements arising out of the issue of Ordinary Shares, to the Members of Tata Finance Limited, in terms of Clause 13.1 mentioned above, the Board of Directors shall consolidate the same and thereupon issue and allot Ordinary Shares in lieu thereof to a separate trust created for the purpose. Such shares shall be held by the trust for and on behalf of the Members entitled to such fractional entitlements and the trust shall sell the same and distribute the net sale proceeds to the Members in the same proportion as their respective fractional entitlements bear to th

Tata Finance Ltd has informed the Exchange that the Hon'ble High Court had on June 24, 2005, approved the scheme of Reorganisation and Amalgamation of Tata Finance Limited with Tata Motors Limited ('scheme'). The company has further informed that the certified copy of the court order have been filed with Registrar of Companies on June 29, 2005. The merger will be effective from the appointed date i.e. April 01, 2005.

Tata Finance Ltd has vide letter dated May 30, 2005, informed the Exchange that M/s Tata Share Registry Ltd (TSRL), has been appointed as the Company's registrars and share transfer agents with immediate effect. The address, telephone / fax number and email address of TSRL are as follows: Tata Share Registry Ltd; Army & Navy Building; 148, M. G. Road; Fort, Mumbai - 400001. Tel. No.: 56568484; Fax no.: 56568496; e-mail: csg-unit@tatashare.com

Tata Finance Ltd has informed the Exchange that pursuant to the Order of the High Court of Judicature at Mumbai dated March 18, 2005 and pursuant to the provisions of the Companies Act, 1956 to consider the Scheme of Reorganisation and Amalgamation of the Company with Tata Motors Limited, the Company held the Court Convened Meetings of Secured Creditors, Unsecured Creditors and Equity Shareholders on April 26, 2005. The Scheme was unanimously approved by the Secured Creditors, Unsecured Creditors and by an overwhelming majority of the Equity Shareholders. A copy of the proceedings of the afore

Tata Finance Ltd has informed the Exchange that the Company will allot 1,50,00,000, 0.01% Cumulative Redeemable Preference Shares (CRP) Shares of Rs.100/- each, aggregating to Rs.150 crores to Tata Motors Limited on private placement basis on February 25, 2005. The Company has further informed that the Company will redeem the existing 1,50,00,000, 0.01% CRP Shares of Rs.100/- each, aggregating to Rs.150 crores on February 28, 2005.

Tata Finance Ltd has informed the Exchange that the BODs of the company have at its meeting held on Janaury 10,2005,considered and approved the proposal for meger of the Company with Tata Motors Limited.The merger would be under a Scheme of Amalgamation under section 391 and 394 of the Companies act 1956 and would be subject to the approval of the Hon'ble High Court of Judicature at Bombay and would be effective from April 01,2005.In terms of the Scheme of Amalgamation that would be submitted to the court,all equity shareholders of Tata Finance Limited will be entitled to receive 8 Ordinary Sh

Clarification of News : The press had reports that Tata Finance Ltd. is going in for restructuring. Further, there is news that the company may be merged with Tata Investment Corporation of India. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Tata Finance Ltd. has vide its letter inter-alia stated, "We may state that the news reported is totally incorrect and there is no proposal for the merger of the Company wit