Shareholders of Corus approve Tata Steel offer by requisite majority
March 8, 2007

Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where to do the same would constitute a violation of the relevant laws of such jurisdiction

Corus today announced that at the meeting convened by the court and held earlier today, 7th March 2007, (the "Court Meeting") and at the subsequent extraordinary general meeting, the scheme of arrangement (the "Scheme") to implement the recommended offer for Corus by Tata Steel UK Limited at a price of 608 pence per ordinary share in cash (the "Tata Offer") was considered. At both the court meeting and at the Extraordinary General Meeting, shareholders approved the scheme by the requisite majority.

Voting Results

The voting results in relation to the court meeting and extraordinary general meeting are summarised below:

Court Meeting Resolution: 1

Description: To approve the scheme

For Votes: 226,783,105
Percentage: 97.43

Against Votes: 5,988,195
Percentage: 2.57

Response from B Muthuraman, managing director, of Tata Steel, following today's positive outcome of Corus' EGM of shareholders: "Tata Steel is pleased with the outcome of the extraordinary general meeting held in London on the 7th of March. It stands committed to work along with Corus to create a vibrant and value-creating enterprise."