FINES AND PROSECUTIONS

FINES AND PROSECUTIONS

BlueScope Steel notified relevant authorities of 76 statutory non-compliances with environmental regulations during the FY 2008. The Company received two penalties during the reporting period. A $3,366 fine was received for water discharge above licence limits. For one of our new acquisitions, settlement was finalised with an environmental advocacy group including penalties of $38,327. This was identified in the due diligence report for the acquisitions however settlement was reached after the acquisition. There were two significant incidents for the year relating to incidents that occurred prior to acquisition that have the potential for penalty: one relating to exceedance of Volatile Organic Compounds emissions and one relating to reporting conditions.