ESSAR STEEL LIMITED

Name, No of Shares held and percentage shareholding of entities /

persons holding more than 1 percent of the shares of the company as of
December 31, 2004

% of
No of Shares
Name share
held
holding
Indian Promoters
Essar Investments Limited 189645203 37.05

Persons acting in Concert

Prime Finance Co. Limited 25045000 4.89
Prime Holding Limited 19392315 3.79
Essar Shipping Limited 18258440 3.57
Chandrakaunsh Traders Pvt Ltd 6215087 1.21
Essar Projects Ltd 12631101 2.47

Mutual Funds and UTI

HSBC Equity Fund 7000000 1.37

Banks / Financial Institutions/Insurance Cos

LIC 6123285 1.20

FIIs
DBMGOF ( Mauritius ) Ltd 6330655 1.24
Matterhorn Ventures 9806900 1.92
HSBC Global Investment Funds A/c. HSBC 6969777 1.36
UBS Securities Asia Ltd.A/C SWISS 6700000 1.31

Note: Foreign Shareholdings & Persons Acting in Concert ( Foreign

Companies- 61548456 equity shares ) / NRIs/FIIs/OCBs is 100277577 equity
shares equivalent to 19.59% of total capital
 ESSAR STEEL LIMITED

DISTRIBUTION OF SHAREHOLDINGS FOR THE

QUARTER ENDED 31-12-2004

Category Number of % of
Shares share
Held Holding
A. PROMOTER’S HOLDING

1. Promoters as well as Persons Acting in

Concert
Indian 228484940 44.64
Foreign 61548456 12.02
2.Persons Acting in Concert (as above)
Sub Total 290033396 56.66

B. NON PROMOTER’S HOLDING

3. Institutional Investors
a.Mutual Funds and UTI 9873955 1.93
b. Banks, Financial Institutions, Insurance 18073584 3.53
Companies ( Central / State Govt Institutions / Non
Government Institutions
c. FIIs 31837753 6.22
Sub Total 59785292 11.68

4. Others
a. Private Corporate Bodies 22102599 4.32
b.Indian Public 133020128 25.99
c.NRI / OCBs 6891368 1.35
d.Any other (please specify)
Sub – Total 162014095 31.66

Grand Total 511832783 100.00