January 31, 2013

Press Release No. 1

News about Uttam Galva Steels Limited

The media had reports that Arcelor Mittal plans to buyout the promoters stake in Uttam Galva Steels Limited.

The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the company.

Uttam Galva Steels Limited has vide its letter inter-alia stated, "We would like to place on record that there is no such proposal by Arcelor Mittal Group to acquire any further stake/shares in Uttam Galva Steels Limited."