Press Release

BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, Dalal Street, Fort, Bandra-Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 September 5, 2026 Sc no – 116 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 letters bearing sc no. 113 & 114 dated September 1, 2026 and September 4, 2026, respectively, 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 announced the publication of the Offer Document approved by CONSOB by resolution no. 24119 of September 3, 2026 relating to the Voluntary Totalitarian Tender Offer for all the common shares of Iveco Group N.V. 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 38, paragraph 2, of the Resolution no. 11971 of 14 May 1999, as further amended and supplemented (the "Issuers' Regulation") PUBLICATION OF THE OFFER DOCUMENT ACCEPTANCE PERIOD FROM 7 SEPTEMBER 2026 TO 26 OCTOBER 2026 (UNLESS EXTENDED) Amsterdam, 4 September 2026 – TML CV Holdings B.V. (the "Offeror"), a company wholly-owned by TML CV Holdings Pte. Ltd. (“TML CV HS”), hereby announces pursuant to Article 38, paragraph 2, of the Issuers' Regulation, that on the date hereof it has published the offer document (the "Offer Document"), approved by Consob by resolution no. 24119 of 3 September 2026 and relating to the voluntary totalitarian tender offer under Articles 102 et seq. of the Italian Legislative Decree no. 58 of 24 February 1998, as further amended and supplemented (the "CFA"), and Article 37 of the Issuers' 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"). The Offer Document is available to the public at: • the registered office of the Offeror at Basisweg 10, 1043AP Amsterdam, The Netherlands; • the registered office of the Issuer at Via Puglia 35, 10156 Turin, Italy; • the registered office of BNP Paribas, Italian Branch, as intermediary responsible for coordinating the collection of the acceptances, at Piazza Lina Bo Bardi 3, 20124 Milan, Italy; • the website of Tata Motors at https://cv.tatamotors.com/; • the website of the Issuer at https://www.ivecogroup.com/; and • the website of the Georgeson S.r.l., as global information agent, at www.georgeson.com/it. The Issuer's position statement pursuant to Article 103, paragraph 3, of the TUF, Article 39 of the Issuers' Regulation, Article 2(2) jo. Article 18 of the Dutch Public Offers Decree (Besluit openbare biedingen Wft) is attached to the Offer Document, together with its annexes (the Issuer's independent directors' opinion drafted pursuant to Article 39-bis of the Issuers' Regulation, together with the fairness opinion issued by Rothschild & Co Italia S.p.A., as financial advisor appointed by the independent directors, as well as the fairness opinion issued by Goldman Sachs Bank Europe SE, Succursale Italia, as financial advisor appointed by the board of directors of the Issuer1). 1 On 4 September 2026, Goldman Sachs Bank Europe SE, Succursale Italia delivered its opinion to the board of directors of the Issuer as to the fairness, from a financial point of view, (i) to the holders (other than the Offeror and any of its affiliates) of the Common Shares of the Consideration to be paid to such holders for each Common Share accepted in the Offer, and (ii) in connection with a Share Sale, The Offer is subject to the fulfilment (or waiver, as the case may be) of each of the effectiveness conditions indicated under Warning A.1, of the Section A of the Offer Document. 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. In order to be able to make a well-founded judgment on the Offer, the shareholders of IVG are invited to read the Offer Document, to which reference is made. It should be noted that Georgeson S.r.l., the global information agent, has activated the following information channels in relation to the Offer: the e-mail address opa-iveco@georgeson.com, the toll- free number 800 189040 (for callers from Italy), and a direct number +39 06 45229395 (for callers from abroad). These telephone numbers will be active for the entire duration of the Acceptance Period (including any possible extension under the applicable law as well as the Reopening of the Terms, if applicable), on weekdays, from 9:00 a.m. (CE(S)T) to 6:00 p.m. (CE(S)T). * * * 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. The Offeror has published 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 Ex [Showing first 8,000 characters — download PDF for full document]