Press Release

BSE Limited National Stock Exchange of India Ltd. First Floor, New Trading Ring Listing Compliance Department Rotunda Building, P J Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Fort, Mumbai 400 001 Bandra (E), Mumbai 400 051 September 4, 2026 Sc no – 114 Dear Sirs/Madam, Sub: Disclosure under Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 (‘SEBI Listing Regulations’) TML CV Holdings B.V., an Indirect Wholly Owned Subsidiary of Tata Motors Limited (Formerly TML Commercial Vehicles Limited) (‘the Company’) – Voluntary Totalitarian Tender Offer for all the common shares of Iveco Group N.V. Pursuant to Regulation 30 of the SEBI Listing Regulations and with further reference to our letter bearing sc no. 113 dated September 1, 2026, on the captioned subject matter, we wish to inform you that TML CV Holdings Pte. Ltd., a wholly owned subsidiary of the Company, has informed the Company that its wholly owned subsidiary, TML CV Holdings B.V., has today published a communication confirming the approval of the Offer Document by CONSOB. In this regard, please find enclosed herewith a Press Release issued pursuant to Article 36 of the Regulation adopted by Consob with Resolution No. 11971 dated 14 May 1999, the contents of which are self-explanatory. The Italian version of the aforesaid Press Release is also enclosed herewith for reference. This communication is for the information of the Exchanges and the Members. Yours faithfully, Tata Motors Limited (Formerly TML Commercial Vehicles Limited) Ranjan Kumar General Counsel & Company Secretary Encl: as above NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION VOLUNTARY TOTALITARIAN TENDER OFFER FOR ALL OF THE COMMON SHARES OF IVECO GROUP N.V. * * * PRESS RELEASE pursuant to Article 36 of the Regulation adopted by Consob with resolution no. 11971 of 14 May 1999, as subsequently amended and supplemented (the “Issuer’s Regulation”) APPROVAL OF THE OFFER DOCUMENT BY CONSOB ACCEPTANCE PERIOD FROM 7 SEPTEMBER 2026 TO 26 OCTOBER 2026 (UNLESS EXTENDED) Amsterdam, 3 September 2026 – TML CV Holdings B.V. (the "Offeror"), a company wholly-owned by TML CV Holdings Pte. Ltd. (“TML CV HS”), hereby announces that, on the date hereof, Consob, by resolution no. 24119 of 3 September 2026, has approved, pursuant to Article 102, paragraph 4, of the Italian Legislative Decree no. 58 of 24 February 1998, as further amended and supplemented (the "CFA"), the offer document (the "Offer Document"), relating to the voluntary totalitarian tender offer under Articles 102 et seq. of the CFA and Article 37 of the Issuer’s Regulation (the "Offer") promoted by TML CV HS, through the Offeror, on all the common shares (the "Common Shares") of Iveco Group N.V. ("IVG" or the "Issuer"). Pursuant to Article 40, paragraph 2, of the Issuers' Regulation, the acceptance period of the Offer, agreed with Borsa Italiana S.p.A., will start at 8:30 a.m. (CE(S)T) on 7 September 2026 and will end at 5:30 p.m. (CE(S)T) on 26 October 2026 (first and last day included) (the "Acceptance Period"), unless extended. The consideration relating to the Common Shares of the Issuer tendered to the Offer, equal to Euro 14.10 (cum dividend) per Common Share (the "Consideration"), will be paid by the Offeror to each shareholder having accepted the Offer during the Acceptance Period on the fourth trading day following the end of the Acceptance Period, i.e. – unless extended – on 30 October 2026 (the "Payment Date"). If the legal requirements are met, pursuant to Article 40-bis, paragraph 1, lit. a), of the Issuers' Regulation, the Acceptance Period will be reopened for five trading days (the "Reopening of the Terms") starting from the trading day following the Payment Date and, therefore (unless the Acceptance Period is extended) for the sessions of 2 November,3 November, 4 November, 5 November and 6 November 2026, from 8:30 a.m. (CE(S)T) to 5:30 p.m. (CE(S)T). The payment date of the Consideration relating to the Common Shares tendered to the Offer during the potential Reopening of the Terms will be the fifth trading day following the end of the Reopening of the Terms, i.e. – unless the Acceptance Period is extended – on 13 November 2026. The publication and the modalities of dissemination of the Offer Document, which will contain a detailed description of the terms of the Offer and of the procedures for accepting it, will be the subject of a subsequent press release pursuant to Article 38, paragraph 2, of the Issuers' Regulation. For any further information regarding the Offer, pending publication of the Offer Document, unless otherwise specifically stated, reference is made to the communication of 30 July 2025, by which TML CV HS, pursuant to and for the purposes of Article 102, paragraph 1, of the CFA and Article 37 of the Issuers' Regulation, informed Consob and disclosed to the market and to the Issuer its decision to promote the Offer through the Offeror, published, on behalf of TML CV HS, on the website of Tata Motors at (www.tatamotors.com) and on the website of the Issuer at (www.ivecogroup.com), which sets forth the legal requirements, the terms and the essential elements of the Offer. The Acceptance Period mentioned in this press release has not started yet and, therefore, this press release is published for information purposes only and does not constitute an offer to buy, or a solicitation to sell, securities. * * * The voluntary totalitarian tender offer referred to in this press release (the "Offer") is promoted by TML CV Holdings Pte. Ltd. ("TML CV HS"), through TML CV Holdings B.V., a company wholly-owned by TML CV HS (the "Offeror") on all issued common shares (the "Common Shares") of Iveco Group N.V. ("IVG" or the "Issuer"). This press release does not constitute either a purchase offer or a solicitation to sell the Common Shares of IVG. Prior to the beginning of the tender period of the Offer, the Offeror will publish an offer document (the "Offer Document"), which IVG's shareholders must carefully review. The Offer is addressed, on equal conditions, to all the holders of the Common Shares and will be launched in Italy and extended to the United States of America in compliance with Section 14(e) and Regulation 14E of the U.S. Securities Exchange Act of 1934 (the "U.S. Securities Exchange Act"), subject to the applicable exemptions set forth in Rule 14d-1(d) of the U.S. Securities Exchange Act. Except as indicated below, the Offer is subject to disclosure obligations and procedural requirements provided for by Italian law. US IVG shareholders should be aware that such requirements may differ materially from those applicable under US domestic tender offer law and practice. In accordance with the laws of, and practice in, Italy and to the extent permitted by applicable law, including Rule 14e-5 under the U.S. Exchange Act, the Offeror, the Offeror's affiliates or any nominees or brokers of the foregoing (acting as agents, or in a similar capacity, for IVG or any of its affiliates, as applicable) may from time to time, and other than pursuant to the Offer, directly or indirectly, purchase, or arrange to purchase, outside of the United States of America, Common Shares in IVG or any securities that are convertible into, exchangeable for or exercisable for such Common Shares in IVG before or during the period in which the Offer remains open for acceptance. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. To the extent information about such purchases or arrangements to purchase is made public in Italy, such information will be disclosed by means of a press release or other means reasonably calculated to inform US shareholders of IV [Showing first 8,000 characters — download PDF for full document]