Our Expansion Plan

Market growth has occurred principally in the residential sector 10000 9000 8000 7000 6000 5000 4000 3000 2000 1000 0 1996-97 1998-99 Construction Investment - Constant US$ Million Residential Non-Residential Civil Engineering 2000-01 2002-03 Source: BlueScope Steel Economics 5 years ago (2002) 2004-05 2006-07 2008-09 2010-11 2012-13 Current (2007) 30% 70% 50% 50% I Industrial & Commercial Residential ■ Building & construction sector accounts for 99% of sales Approximately 50/50 split between industrial & commercial and residential segments ■ Market share is growing through industry leadership in inter-material growth, - ie steel replacing timber trusses and concrete roof tiles. Foreign Direct Investment has yet to return to pre-crisis level, but is growing YOY. Page 25

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