Tata and Actis to Invest US$200 Million in Road Projects

MUMBAI, India, April 29, 2010 - TRIL Roads Private Limited ('TRPL'), a 100% subsidiary of Tata Realty and
Infrastructure ('TRIL') and holding company for roads and highway projects,
today signed an agreement with Actis (www.act.is/), a leading private
equity investor for a joint investment of US$200 million. TRIL will invest
US$122.5 million and Actis will contribute US$77.5 million for road and
highway projects in India.

Over the next few years, TRPL intend to execute and develop road and
highway projects aggregating approximately US$2bn.

TRIL has a partnership with Atlantia, one of Europe's largest toll road
operators, to bid for concessions to upgrade, operate and toll existing
Indian roads and highways. Actis is investing in TRIL Roads; a subsidiary of
Tata Realty and Infrastructure Limited. TRIL is itself a 100% subsidiary of
Tata Sons.

Commenting on the development, Mr. R.K. Krishna Kumar, Chairman, TRIL
said, "We are delighted to welcome Actis as a partner in our roads business.
The House of Tata's has always endeavoured to set global standards of quality
and excellence in the businesses we operate in. We will bring world class
quality and safety standards for the Indian roads sector and strive to
improve the quality of life for the common man. We are confident that this
partnership will greatly contribute to the infrastructure development of the
country."

Mr. Sanjay Ubale, Managing Director, TRIL commented, "The partnership
with Actis will greatly enhance TRIL's capacity to invest in large road
projects that the National Highway Authority India intends developing through
the PPP format. TRIL and Actis share the same set of values and are committed
to bringing world-class technology and project management expertise in this
sector."

Commenting on the joint venture, Paul Fletcher, Senior Partner at Actis
said, "High economic growth, an increasingly mobile population, and greater
levels of trade are fuelling traffic flows across India. The Indian
government's National

Highways Development Program is the largest highway development programme
in the world. The opportunity to develop an Indian road platform alongside a
world class partner like the House of Tata's is extremely compelling. We are
delighted to be embarking upon this joint-venture."

Tata and Atlantia confirmed their maiden project in the roads and
highways sector in 2009 by winning the concession for the 110 km Pune-Solapur
Expressway. This project, valued at approximately US$308m is being
implemented on a build, operate and transfer ('BOT') basis from National
Highway Authority of India ('NHAI').

The consortium of Tata, Atlantia and Actis creates a triumvirate with
excellent bidding credentials, fundraising expertise and strong project
development and operating capabilities.

About Tata Realty and Infrastructure

Tata Realty and Infrastructure Limited ('TRIL') is currently focused on
long term infrastructure projects of national significance, as well as
projects in the real estate sector. As is with all Tata companies, selection
of projects is a specialised process, with the eventual selection list
scoring high not only on business objectives, but also on the guiding Tata
values and policies.

About Actis

Actis is a leading private equity investor in emerging markets with a
growing portfolio of investments in Asia, Africa and Latin America; it
currently has US$4.8bn funds

under management. Actis invests in infrastructure businesses in Africa,
Latin America and South and South East Asia with a focus on power and
transport.

About Atlantia

Atlantia is Italy's largest toll motorway builder and operator as well as
the largest private investor in infrastructure in Italy with over EUR18
billion of projected major work. Atlantia is one of Italy's largest companies
with turnover of EUR3,611 million in 2009 and capitalisation of EUR10.4
billion as at 31 December 2009.

    For further information, please contact:

    For TRIL:

    Stuti Singh
    Vaishnavi Corporate Communications
    +91-98-6703-5866
    ssingh@vccpl.com

    Cyrus Engineer
    +91-22-6629-4000
    cengineer@tata.com

    For Actis:

    Ravi Shyam
    +91-98-2006-2496
    ravi@mtw.in

    Claire Davies
    +44-207-234-5115
    cdavies@act.is

For further information, please contact: For TRIL: Stuti Singh, Vaishnavi Corporate Communications, +91-98-6703-5866, ssingh at vccpl.com; Cyrus Engineer, +91-22-6629-4000, cengineer at tata.com; For Actis: Ravi Shyam, +91-98-2006-2496, ravi at mtw.in; Claire Davies, +44-207-234-5115, cdavies at act.is