This is in continuation of the Exchange notice no. 20180108-9 dated January 08,2018 for Offer for Sale (OFS) by the The President of India acting through and represented by the Ministry of Steel, Government of India, (the “Promoter”) to sell up to 4,74,58,357 (1.5%) equity shares of the Company of face value of INR 1/- each with an additional option to sell up to 4,74,58,357 (1.5%) equity shares of NMDC Limited.

The Promoter (“Seller”) has informed the Exchange of its intention to exercise the Oversubscription Option to the extent of 3,20,96,284 (1.01%) equity shares of the face value of INR 1/- each in addition to 4,74,58,357 (1.5%) Shares forming part of the Base Offer Size. Accordingly the total Offer Shares (which is the aggregate of the Base Offer Size and the Oversubscription Option, to the extent exercised) is 7,95,54,641 equity shares of the Company of INR 1/- each representing 2.51 % of the total paid up equity share capital of the Company in the aggregate.

Consequently, 1,59,10,928 Offer Shares would be available as part of the Offer on January 10, 2018 for subscription by the Retail Investors.

A copy of the letter dated January 09, 2018 submitted by The President of India acting through and represented by the Ministry of Steel, Government of India, (the “Promoter”) is attached for information.

Bhushan Mokashi                           

Additional General Manager

Listing Ops & Sales

January 09, 2018