Investor Presentaiton

Disclaimer TITAGARH This presentation contains statements that are “forward looking statements” including, but without limitation, statements relating to the implementation of strategic initiatives, and other statements relating to Titagarh Wagons' future business developments and economic performance. While these forward looking statements indicate our assessment and future expectations concerning the development of our business, a number of risks, uncertainties and other unknown factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to, general market, macro-economic, gover-ental and regulatory trends, movements in currency exchange and interest rates, competitive pressures, technological developments, changes in the financial conditions of third parties dealing with us, legislative developments, and other key factors that could affect our business and financial performance. Titagarh Wagons undertakes no obligation to publicly revise any forward looking statements to reflect future/ likely events or circumstances. For further information, please contact: Anil Kumar Agarwal Chief Financial Officer Titagarh Wagons T: +91 33 4019 0800 E: [email protected] Ravi Gothwal/ Vikas Lhuach Churchgate Partners T: +91 22 6169 5988 E: [email protected] 12

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