Investor Presentaiton

7 Macroeconomic environment (1/2) GDP growth is forecast to remain strong... Real GDP growth (% pa) 10.0 8.0 6.0 4.8 4.0 2.0 0.0 -2.0 -1.5 7.4 5.2 Real GFCF (investment) growth (% pa) 20.0 19.2 15.0 11.9 ம் 5.6 4.7 10.0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Actual 8.5 tuli 6.3- 5.0 2.4 0.0 -2.7 -5.0 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 IHS Global Insight forecast IMA Asia forecast Average While falling oil and gas prices are expected to impact growth, the outlook remains favourable • GDP per capita remains second highest in ASEAN • Investment growth is expected to remain strong, if lower than prior highs • FDI - a key segment for NS BlueScope - is expected to drive a high share of growth Source: IHS Global Insight, IMA Asia BLUESCOPE

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