Further notes to and signing of the annual accounts

Further notes to and signing of the annual accounts

Group and affiliated companies and other capital interests

A list forming part of the Annual Accounts with names and other particulars of companies in which Tata Steel Nederland BV directly or via group companies participates or holds capital interests in other ways has been filed with the Trade Register in Amsterdam.

Remuneration of and loans to members of the Board of Management and of the Supervisory Board

Employment costs relate to all activities within the Group of the members of the Board of Management. The emoluments of Mr T.V. Narendran and Mr K. Chatterjee are paid by TSL which makes no recharge to TSN. Mr T.V. Narendran and Mr K. Chatterjee are directors of TSL, TSN and a number of fellow subsidiaries of TSL and it is not possible to make an accurate apportionment of their emoluments in respect of each of the subsidiaries. Accordingly, the above details include no emoluments for the aforementioned, whose emoluments are disclosed in the financial statements of TSL with whom they have their primary employment contract.

There were no loans outstanding to members of the Board of Management as of 31 March 2026 or 31 March 2025.

The Annual General Meeting of Shareholders determines the remuneration of the members of the Supervisory Board.

The members of the Supervisory Board do not own any securities in the Company’s capital or rights thereto.

Appropriation of the result for the financial year 2026

We propose to deduct the loss of €206 million over the financial year 2026 from the Retained Earnings.

During the year ended 31 March 2026 no dividend was paid.

Signing of the Annual Accounts

The 2026 Annual Accounts of Tata Steel Nederland BV have been signed by all the members of the Board of Management and by all the members of the Supervisory Board.

Velsen-Noord, 3 June 2026

Independent Auditor’s Report

Reference is made to the Independent Auditor’s Report as included hereinafter.

Appropriation of result according to Articles of Association

Article 36, of the Articles of Association stipulates that, the profit for the year is at the disposal of the General Meeting of Shareholders.