REVISED REPORTING SEGMENTS The Company will report its FY2008 financial results in the following segments: Reporting Segment Coated and Industrial Products Australia Distribution and Solutions Australia Coated and Building Products Asia New Zealand and Pacific Steel Products Coated and Building Products North America Hot Rolled Products North America Corporate Business Units o PKSW o Springhill o Western Port o Western Sydney Paint Line o Acacia Ridge Paint Line o International trading offices o Logisitics o BlueScope Distribution o Australian Service Centres o Lysaght Australia o BlueScope Water o Buildings Australia o Indonesia region o Malaysia region o Thailand region o Vietnam region o India region o China region o New Zealand Steel o Lysaght Fiji, New Caledonia and Vanuatu o Steelscape o Buildings (including the Butler and Varco Pruden buildings businesses) o ASC Profiles o Metl-Span o North Star BlueScope Steel o Castrip o Head office costs PAGE NO 1 OF 7
RECONCILIATION OF HISTORICAL FINANCIAL DATA The following summarises the key changes to the segment revenues and earnings. This information is also available in half year rests, if required. Sales Revenue $M FY03 FY04 FY05 FY06 FY07 H108 HRP Australia (previous segment) 2,626 2,731 3,731 3,472 3,919 2,020 C&BP Australia (previous segment) 2,316 2,471 2,730 2,767 3,186 2,120 Plus - Logistics (formerly Corporate) (a) 359 371 357 420 465 234 Plus Asian trading (formerly in Asia) (b) 36 20 29 16 18 7 Plus NA trading (formerly HRP NA) (c) 317 276 377 500 566 266 Plus Trading Services (formerly in Corp) (d) 7 6 7 0 0 0 Less Distribution & Solutions Aust. (new segment) (e) (361) (411) (534) (616) (700) (992) Plus Elims (formerly a group elimination) (f) (1,478) (1,504) (1,970) (1,941) (2,258) (1,071) Less Elims (formerly eliminated within C&BPA) (f) 199 206 271 292 328 285 Coated & Industrial Products Australia (new segment) 4,021 4,166 4,998 4,910 5,524 2,869 Distribution & Solutions Australia (new segment) (e) 361 411 534 616 700 992 NZ&Pac Steel Products (no change) 567 581 746 709 728 341 C&BP Asia (previous segment) 536 653 984 1,048 1,387 751 Less Asian trading (to C&IPA) (b) (36) (20) (29) (16) (18) (7) Less Elims (formerly eliminated within Asia) (f) 30 13 28 5 6 2 C&BP Asia (revised segment) 530 646 983 1,037 1,375 746 HRP NA (previous segment) 317 276 377 500 566 266 Less NA trading (to C&IPA) (c) (317) (276) (377) (500) (566) (266) HRP NA (revised segment) 0 0 0 0 0 0 C&BP North America (no change) 0 135 798 834 788 395 PAGE NO 2 OF 7
FY03 FY04 FY05 FY06 FY07 H108 Corporate (previous segment) 366 377 364 420 465 234 Less - Logistics (to C&IPA) (a) (359) (371) (357) (420) (465) (234) Less Trading Services (to C&IPA) (d) (7) (6) (7) 0 0 0 Corporate (revised segment) 0 0 0 0 0 0 Discontinued Operations (no change) 424 485 841 707 747 2 Group Eliminations (former structure) (1,879) (1,971) (2,630) (2,444) (2,926) (1,410) Less Sales (now eliminated within C&IPA) (f) 1,478 1,504 1,970 1,941 2,258 1,071 Plus Sales (formerly eliminated within C&BPA) (f) (199) (206) (271) (292) (328) (285) Plus Sales (formerly eliminated within Asia) (f) (30) (13) (28) (5) (6) (2) Group Eliminations (revised structure) (630) (686) (959) (800) (1,002) (626) New Reporting Segments Coated & Industrial Products Australia 4,021 4,166 4,998 4,910 5,524 2,869 Distribution & Solutions Australia 361 411 534 616 700 992 New Zealand & Pacific Steel Products 567 581 746 709 728 341 Coated & Building Products Asia 530 646 983 1,037 1,375 746 Coated & Building Products NA 0 135 798 834 788 395 Hot Rolled Products NA 0 0 0 0 0 0 Corporate 0 0 0 0 0 0 Discontinued Operations 424 485 841 707 747 2 Group eliminations (630) (686) (959) (800) (1,002) (626) Total BlueScope Steel 5,272 5,738 7,941 8,013 8,860 4,719 PAGE NO 3 OF 7
EBIT $M HRP Australia (previous segment) C&BP Australia (previous segment) FY03 FY04 FY05 FY06 FY07 H108 389 488 1,149 456 759 354 156 238 3 (3) 41 6 Plus - Logistics (formerly Corporate) (a) (8) (1) 2 4 4 3 Plus Asian trading (formerly in Asia) (b) 6 7 11 8 8 3 Plus NA trading (formerly HRP NA) (c) 8 8 7 21 26 10 Plus Trading Services (formerly in Corp) (d) (1) (2) 1 0 0 0 Less Distribution & Solutions Aust. (new segment) (e) (6) (8) (7) (21) (13) 7 Plus PISE (formerly a group elimination) (f) 1 (32) 1 51 (26) 0 Coated & Industrial Products Australia (new segment) 545 698 1,167 516 799 383 na na 1,148 569 766 397 Distribution & Solutions Australia (new segment) (e) 6 8 7 21 13 (7) na na 7 21 6 23 NZ&Pac Steel Products (no change) 49 62 189 105 90 44 na na 188 107 90 36 C&BP Asia (previous segment) 84 101 79 19 42 (195) Less Asian trading (to C&IPA) (b) (6) (7) (11) (8) (8) (3) C&BP Asia (revised segment) 78 94 68 11 34 (198) na na 93 42 44 26 HRP NA (previous segment) 83 78 199 188 180 47 Less NA trading (to C&IPA) (c) (8) (8) (7) (21) (26) (10) HRP NA (revised segment) 75 70 192 167 154 37 na na 192 167 154 37 C&BP NA (no change) 0 (11) (33) 9 37 43 na na (8) 13 37 38 PAGE NO 4 OF 7
Discontinued Operations (no change) FY03 FY04 FY05 FY06 FY07 H108 (42) (42) (167) (197) 16 (3) na na 0 0 0 0 Corporate (previous segment) Less - Logistics (to C&IPA) Less Trading Services (to C&IPA) Corporate (revised segment) (103) (64) (53) (78) (42) 62 (a) 8 1 (2) (4) (4) (3) (d) 1 2 (1) 0 0 0 (94) (61) (56) (82) (46) 59 na na (53) (84) (42) (34) Group Eliminations (former segment) (5) (32) (8) 57 (24) (30) Less PISE (now eliminated within C&IPA) (f) (1) 32 (1) (51) 26 0 Group Eliminations (revised segment) (6) 0 (9) 6 2 (30) New Reporting Segments Coated & Industrial Products Australia 545 698 1,167 516 799 383 Distribution & Solutions Australia 6 8 7 21 13 (7) New Zealand & Pacific Steel Products 49 62 189 105 90 44 Coated & Building Products Asia 78 94 68 11 34 (198) Coated & Building Products NA 0 (11) (33) 9 37 43 Hot Rolled Products NA 75 70 192 167 154 37 Corporate (94) (61) (56) (82) (46) 59 Discontinued Operations (42) (42) (167) (197) 16 (3) Group eliminations (6) 0 (9) 6 2 (30) Total BlueScope Steel (as previously reported) 611 818 1,358 556 1,099 328 na na 1,559 840 1,057 494 (a) (b) (c) (d) (e) (f) Logistics operations previously reported as a corporate activity now reported within Coated and Industrial Products Australia to reflect the internal management structure. Asian trading offices previously reported within Coated and Building Products Asia now reported within Coated and Industrial Products Australia to reflect the internal management structure. North American trading offices previously reported within Hot Rolled Products North America now reported within Coated and Industrial Products Australia to reflect the internal management structure. Trading Services was an old entity used for export trading costs which was in Corporate and this historical data has been moved with the other International Markets entities. Distribution and Solutions Australia is a new segment. These operations were previously reported within Coated and Building Products Australia. Reflect changes to where intercompany sales and profit-in-stock eliminations occur within the group. PAGE NO 5 OF 7
HISTORICAL PRODUCTION AND DESPATCH REPORT This document restates the production and despatch information under the new segments. To assist, additional information has been provided in relation to the key product categories within the Coated and Industrial Products Australia segment. This information includes external despatch volumes of slab, plate, and hot rolled coil commencing FY2006 (this information was not previously consolidated in this level of detail). OOO Tonnes 2003 2004 2005 2006 2007 1H 2008 AUSTRALIA Raw Steel Production 5,049 5,145 5,123 5,283 5,307 2,632 Coated & Industrial Products Australia - Domestic HRC (1) 732 852 403 - Domestic Plate 286 351 150 - Domestic Other 1,040 1078 487 - Domestic 2,316 2,441 2,526 2,058 2,281 1,040 - Export Slab 1,442 807 462 - Export HRC (1) 706 869 393 - Export Plate 78 64 23 - Export Other 425 527 218 - Export 2,062 1,951 1,705 2,651 2,267 1,096 Sub-total 4,378 4,392 4,231 4,709 4,548 2,136 Distribution & Solutions Australia - Domestic 153 156 173 178 191 447 - Export 0 0 0 0 0 7 Sub-total 153 156 173 178 191 454 Total Australian Despatches - Domestic 2,469 2,597 2,699 2,236 2,472 1,487 - Export 2,062 1,951 1,705 2,651 2,267 1,103 Total 4,531 4,548 4,404 4,887 4,739 2,590 NEW ZEALAND / PACIFIC Raw Steel Production 620 611 610 589 594 312 - Domestic 267 272 315 278 302 144 - Export 205 239 276 300 261 132 Total 472 511 591 578 563 276 ASIA (Coated & Building Products) Raw Steel Production - - - - - - - Domestic 315 422 593 631 777 437 - Export 63 91 73 77 157 107 Total 378 513 666 708 934 544 PAGE NO 6 OF 7
OOO Tonnes 2003 2004 2005 2006 2007 1H 2008 NORTH AMERICA Raw Steel Production 825 855 912 961 956 483 North Star BlueScope Steel - Domestic 805 827 883 926 942 470 - Export - 5 6 15 - - Coated & Building Products North America - Domestic - 28 177 183 182 99 - Export - 1 10 11 14 10 Total 805 861 1,076 1,135 1,138 579 DISCONTINUED BUSINESSES Raw Steel Production - - - - - - - Domestic 243 244 273 144 157 0 - Export 188 172 149 107 90 0 Total 431 416 422 251 247 0 GROUP Raw Steel Production 6,493 6,611 6,645 6,833 6,857 3,427 - Domestic 4,099 4,390 4,940 4,398 4,832 2,637 - Export 2,518 2,459 2,219 3,161 2,789 1,352 Total 6,617 6,849 7,159 7,559 7,621 3,989 (1) The percentage of HRC despatched by Western port will be provided in a footnote for each reporting period. PAGE NO 7 OF 7