Investor Presentaiton

Offering summary Summary indicative term sheet Issuer • JSW Steel Limited Structure • Senior Unsecured Notes Corporate ratings (a) • Moody's: Ba2 (Positive) / Fitch: BB (Stable) Expected issue ratings (a) Distribution • Ba2 by Moody's / BB by Fitch • Reg S only Issue size • US$[ ]m Tenor • Use of proceeds Coupon Clearing Listing 5.5 years The Company intends to use the gross proceeds of the Notes for capital expenditure or any other purpose in accordance with the ECB Guidelines . Fixed rate, payable semi-annually Euroclear, Clearstream • Singapore stock exchange Governing law Joint Lead Manager and Joint Bookrunners English law Standard Chartered Bank, ANZ, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, First Abu Dhabi Bank, ING, J.P. Morgan and Mizuho Securities (a) A rating is not a recommendation to buy, sell or hold the notes and may be subject to suspension, reduction or withdrawal at any time by rating agencies JSW Steel 2

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