BlueScope Steel Ltd.

Paul Rizzo has broad experience in general management, finance and banking as a Chief Executive Officer and Director. He was appointed a Director of the Company on 10 May 2002. He is a member of the Advisory Board of Mallesons Stephen Jaques and Chairman of Foundation for Very Special Kids. Previously, Mr Rizzo held positions as Dean, Director and Professorial Fellow of the Melbourne Business School, Group Managing Director - Finance and Administration of Telstra Corporation Limited, Chief General Manager - Retail Banking Commonwealth Bank of Australia, Chief Executive Officer of State Bank of Victoria, and held a range of senior executive positions at Australia and New Zealand Banking Group Limited. He has also previously served as Chairman of Foxtel Management Pty Ltd and as a Director of IBM Global Services Australia Limited. Mr Rizzo's extensive financial experience is valuable to the Board and in his role as Chairman of the Audit and Risk Committee.

Mr Barron joined BlueScope Steel in 2002 and has responsibility for legal affairs and for Company Secretarial matters. Prior to joining BlueScope Steel, Mr Barron held the position of Group General Counsel of Orica Limited where he was employed for 16 years, holding a variety of legal positions in Australia and overseas. His responsibilities at Orica Limited included membership of the executive team and management of the company secretarial, corporate affairs and internal audit functions.

Mr Mann joined BlueScope Steel in 2003 and is responsible for managing the strategy process, including identifying, evaluating and executing new business opportunities. He is also responsible for BlueScope Water. Mr Mann has a broad range of domestic and international experience gained through leadership roles in strategy and general management. Prior to joining BlueScope Steel, he was Executive General Manager, Customer Services and Executive General Manager, Strategic Planning at Qantas Airways Limited. Before that Mr Mann held a number of senior roles including General Manager Corporate Development at TNT Limited and Managing Director, TNT Logistics Asia.

Mr McNeilly has had more than 30 years experience in the mining and metals industries. He was a Director of BHP for 10 years and was Executive Director and President of BHP Minerals, Chief Operating Officer, Executive General Manager and Chief Executive Officer of BHP Steel. He is currently Deputy Chairman of the recently listed BHP Steel Ltd. Mr McNeilly is also Chairman of Melbourne Business School Ltd, a Director of GH Michell & Sons Holdings Pty Ltd. He is a former Director of QCT Resources Ltd and Tubemakers of Australia Ltd. He is Vice President of the Australia Japan Business Co-operation Committee and a member of the Council on Australia Latin America Relations.

Daniel Grollo was appointed to the Board of BlueScope Steel in September 2006. Mr Grollo is Chief Executive Officer of Australia's largest privately-owned development and construction company, Grocon Pty Ltd. He is also President of the Victorian Division of the Property Council of Australia and a Director of the Green Building Council of Australia. Mr Grollo's experience from the building and construction industry complements the existing skills of the Board and will contribute to the Company's downstream business strategy to be a leading global provider of steel building products and steel solutions.

Diane Grady has been a full time Non-Executive Director of various companies since 1994 and a Director of the Company since 10 May 2002. She is currently a Director of Woolworths Limited and Wattyl Limited and was formerly a Director of Lend Lease Corporation Limited and the Lend Lease US Office Trust. She is also a Trustee of the Sydney Opera House, a Director of the Australian Institute of Management (New South Wales) and a Governor of Ascham School in Sydney. Previously, Ms Grady was a partner with McKinsey & Co where she spent 15 years consulting to clients in a broad range of industries on strategic and organisational issues. Ms Grady brings wide industry knowledge and experience in strategy and organisational issues to Board deliberations. Ms Grady is Chairman of the Remuneration and Organisation Committee.