[T.S.R:16515] Tata Chemical announced acquisition of British Salt(BS)

Tata Chemicals today announced acquisition of British Salt(BS) for £93 million. Brunner Mond (BM) would have 100% equity ownership of BS.The Company (BS) has been valued at 6x CY2009 EBIDTA. The deal is entirely debtfinanced on a non-recourse basis to Tata Chemicals. British Salt, located in Middlewich, UK,produces 390 ktes of vacuum salt per year and is the leader in UK forevaporated salt market with a 55% (2009) market share. The salt reserves of BScan serve UKrequirement for up to ~50 years. Strategic benefits that are expected from theacquisition:

ØProvides secure, cost-effectivebrine supply

ØMaintains and enhances BM's low costposition within Europe

ØGenerates substantial and consistentcash flows from the highly profitable and non-cyclical vacuum salt business

ØGenerates additional cash flows fromoperational synergies between BS and BM

ØUnique opportunity to generate largecash flows from gas storage business

Further details form part of theattached presentation and release.

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