Jindal Saw Ltd. — Capital/Financing Update 2020

Mar 11, 2020

March 11, 2020

BSE Limited National Stock Exchangeof India Limited, Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Bandra(East) Mumbai - 400 001 Mumbai — 400 051 Stock code: 500378 Stock code: JINDALSAW-

Corporate Relation Department Listing Department, ' ist Floor, New Trading Ring ExchangePlaza, Rotunga Building

Sub.:- Disclosure of Credit Rating for Commercial Papers - Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Dear Sir,

With reference to the captioned subject, we wish to inform you that the CARE Rating Limited ("CARE") has assignedit rating as CARE A1+ (A OnePlus) for the proposed Commercial Papers.

This is for your information and record.

Thanking you, Yoursfaithfully, For Jindal Saw Limited,

ts al CFO

Corporate Office : Jindal Centre, 12 Bhikaiji Cama Place, New Delhi- 110066 * Phone: +91 (11) 26188360 - 74, 26188345 Fax: +91 (11) 26170691 Regd. Office : A-1, UPSIDC,Indl. Area, Nandgaon Road,Kosi Kalan, Distt. Mathura (U.P.) - 281403 * Website: www.jindalsaw.com