Mr. Deepak M Satwalekar appointed as an independent director of Tata Power

Company Brief

Mumbai, February 13, 2008

The Tata Power Company Limited today announced the appointment of Mr. Deepak M Satwalekar as an Independent Director with effect from February 12, 2008. Mr. Satwalekar is currently the Managing Director and CEO of HDFC Standard Life Insurance Company Limited.

He has held several senior level positions in Housing Development Finance Corporation and was the Managing Director of HDFC Limited from 1993-2000 and

joined HDFC Standard Life Insurance Company Ltd in 2000 as Managing Director. He has considerable experience in the fields of finance, infrastructure and corporate governance and held senior positions in various industry bodies as well. He has obtained a Bachelors degree in Technology from the Indian Institute of Technology, Bombay and a Masters Degree in Business Administration from the American University, Washington DC.

For further information, please contact:

Anand Deora

e-mail: Anand@vccpl.com