Maanshan Iron & Steel Co., Ltd.,

We have received your Application for Modification of Product Nameplate of Hot-rolled Ribbed Bars and Hot-rolled Plain Bars. In accordance with relevant regulations, specifically Rules of Shanghai Futures Exchange for Registration of Steel for Futures Delivery, your company’s product nameplates of hot-rolled ribbed bars and hot-rolled plain bars comply with all specifications as prescribed by the Exchange. Upon our consideration, you are hereby notified of the following:

The new product nameplates (as provided in the Appendix) of your company are allowed to be used from January 1st, 2012 and the current product nameplates will cease on the same date.

Appendix: Current and New Nameplates of Magang Hot-rolled Ribbed Bars and Hot-rolled Plain Bars

December 30th, 2011