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Champions of Sustainable Industry GFG Alliance in brief June 2018 ALLIANCE www.gfgalliance.com

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Champions of Sustainable IndustryGFG Alliance in brief

June 2018

ALLIANCE

1www.gfgalliance.com

A sustainable future for industry and societyThe GFG Alliance is an international alliance of independent companies that work for tomorrow’s generations as much as for today’s. On a planet of limited resources, rising population and cycles of prosperity and recession, we place great emphasis on making our enterprises both resilient and sustainable.

For more than 60 years we’ve operated in sectors that are fundamental to the economy: energy, metals, engineering, logistics, and more recently infrastructure, financial services, property and mining. We’ve always sought to add value to these industries by doing things differently, and that remains the prevailing spirit of our companies today.

At the heart of the GFG Alliance approach is our focus on integrating and innovating to deliver value throughout the process; from the renewable energy that recycles metal in our furnaces and mills, and the precision engineering in our manufacturing plants, to the industry-friendly financial services that enable trade and invigorate the whole business environment in which we operate.

With a range of physical assets and human resources spanning over 30 countries and over 200 sites, our business is constantly growing and evolving in pursuit of our corporate vision. Our ability to deliver that vision is defined not only by the size of our operation, but by the quality of our people. We recruit the best, safeguard people and skills, and then invest to ensure they continue to grow as we do.

We have an industrial heritage that stretches back many decades but more importantly, we have an inspiring vision that delivers a smarter, more sustainable and viable future for both industry and society. It is a vision that will ensure we continue to push the boundaries and deliver for many decades to come.

Sanjeev GuptaExecutive Chairman

2

The flame is a symbol of the Gupta Family, uniting the GFG Alliance companies towards a common industrial strategy, based on long term economic

and environmental sustainability ALLIANCE

Sanjeev GuptaExecutive Chairman

2 3

The four pillars of the GFG Alliance

A global business alliance

GFG Alliance is an international group of businesses, founded and owned by the British Gupta Family. It combines some of the world’s leading industrial, natural and financial resources, working together towards the delivery of a common industrial strategy.

The Alliance has an inspiring vision for industry, one that sees a sustainable and non-cyclical future for manufacturing as a foundation for a stronger and more prosperous society. Delivered on a regional and national basis, this vision also binds together the GFG Alliance’s businesses that globally strive to bring about a brighter tomorrow for industry.

The Alliance’s principal goal is to develop sustainable industrial eco-systems across its main operational businesses, otherwise known as the Four Pillars. These are:

• Industrial manufacturing

• Infrastructure, resources and construction;• Financial services; and• Property management and development.

The GFG Alliance aims to achieve these by pursuing disruptive growth and building strong independent businesses that support local markets with local resources, think and act globally, leverage integrated supply chains and embed excellence across all activities. It is also committed to building a strong industrial base for future generations by supporting education and skills development through the GFG Foundation.

SIMEC is an international energy and natural

resources business focused on resources, sustainable

power and supporting the Alliance with an infrastructure and trading platform.

• SIMEC Shipping• SIMEC Infrastructure

• SIMEC Mining• SIMEC Energy

• SIMEC Commodities

JAHAMA operates and owns a wide portfolio of industrial, commercial,

agricultural and residential properties.

It is the 5th largest private land owner in the UK, and it holds a substantial property

portfolio across four continents.

Liberty House Group is an industrial and metals

business that delivers across the value chain from recycling to value

added engineering solutions.

• Liberty Commodities• Liberty Recycling

• Liberty Steel• Liberty Aluminium• Liberty Engineering

INDUSTRIAL MANUFACTURING

INFRASTRUCTURE, RESOURCES AND CONSTRUCTION

Wyelands is a financial services group which

includes;

• Wyelands Bank • Wyelands Capital

• Demica • Insurance services • Inventory finance

services • British Commonwealth

Trade Bank

FINANCIAL SERVICES

PROPERTY

EDUCATION & SKILLS

GFG Alliance’s Charitable Foundation supports programmes across the globe aimed at the incubation and the regeneration of industrial skills.

4 5

UK

France

UAE

Singapore

Hong Kong

Austria

Germany

Romania

Poland

Switzerland

Netherlands

Turkey

Shanghai

Thailand

Vietnam

Malaysia

South Korea

Indonesia

Sri Lanka

Chennai

Saudi Arabia

Chicago

Los Angeles

Nagpur

Mumbai

Suzhou

Xian

GhanaColombia

Egypt

New York

Georgetown

Nigeria

South Africa Australia

GFG Alliance global footprint

= Recycling Representative Offices

= Manufacturing Sites

= Distribution/Commodities Sites

= Global Hubs

See page 8 for further details

See page 9 for further details

c.12,500 employees worldwide

Global presence in Trading with

30+ 60+Countries Countries

200GlobalLocations

Turnover$13.1bn

Net Assets$3.1bnEBITDA$334m

6 7

GFG Alliance in the United Kingdom

GFG Alliance in Australia

London

= Recycling Sites

= Manufacturing Sites

= Mining Sites

= Distribution Sites

= Power Generation Sites/Offices

= Global Hubs

8 9

Sydney

Brisbane

Newcastle

Melbourne

Hobart

Adelaide

Perth

Newport

Midlands

Hartlepool

Scunthorpe

Glasgow

Edinburgh

PerthFort William

Milestones of GFG Alliance’s growth

• PK Gupta sets up bicycle making business in India.

• SIMEC opens offices in London, Dubai and Hong Kong, focused on power, mining and infrastructure assets.

• SIMEC purchases the Arrium mining operations in South Australia and the controlling stake in Zen Energy.

• Sanjeev Gupta acquires Wyelands Bank.

• The GFG Alliance announces the establishment of Wyelands Capital.

• The Alliance acquires shares in Demica, purchases TransWorld Insurance Corporation and enters into agreement to purchase Diamond Bank UK Plc.

• The GFG Alliance acquires 114,000 acres of land in Scotland and forms its property arm.

• Property business named JAHAMA Estates.

• SIMEC acquires Uskmouth Power Station in Wales.

• SIMEC is established as an import and export house in India.

• SIMEC acquires stake in Atlantis Resources and buys Green Highland Renewables in Scotland. Also completes acquisition of Tahmoor Coking Coal mine in Australia.

• SIMEC acquires hydropower business in Scottish Highlands and commences roll out of liquid bio fuel plants.

2015 2016 2017 201820142013199619921955 2000-2012

•Liberty grows into a commodity house with offices in Dubai, Singapore and Hong Kong.

• Liberty buys its first UK industrial asset Alpha Steel.

• Liberty strengthens the UK automotive and steel portfolio with the acquisitions of CovPress and Amtek as well as Tata Speciality Steels and Tata Pipe Mills. Also expands in the Australian market with the purchase of OneSteel and the USA.

• Liberty expands industrial footprint in the UK with the acquisition of plate and structural hollow section mills, as well as the only aluminium smelter in Scotland. Also opens Shanghai office and launches Liberty Recycling business.

• Liberty purchases engineering group Caparo Industries.

• Sanjeev Gupta establishes Liberty House Group while studying at Cambridge University.

• Liberty acquires French aluminium wheel manufacturer AR Industries and a recycling base in the USA.

10 11

GFG Alliance Key market sectors

Metal MakingA major supplier to the global metal making sector delivering both raw and recyclable materials for the manufacture of steel, aluminium, nickel, zinc, copper and tin.

Infrastructure The market leading supplier of steel for infrastructure applications in Australia, and with a growing presence in the UK market.

Aerospace A specialist supplier of high integrity engineered steels for major commercial and military aerospace programmes around the world, including Airbus, Boeing and Bell Helicopters.

Shipbuilding With a range of solutions provided in national, international and classification society grades to the marine and shipbuilding markets.

Energy The GFG Alliance supplies components and materials to the energy market, primarily in the UK, and is also a growing producer of renewable energy across its geographical markets.

Oil and Gas A manufacturer of high performance products specifically designed to operate in harsh environments that can be highly corrosive with pressure changes and temperature fluctuations.

Construction An integral partner of the construction industry, both in the Australia and the UK, based on a large portfolio of long and flat steel products, building products and value-added services.

Agriculture A manufacturer and distributors of tube, wire, fencing and accessories products for the agricultural sector in the UK and Australia.

Engineering A long standing supplier to the industrial and general engineering sector, delivering solutions to meet the demanding requirements for performance, cleanness, strength and wear resistance.

Mining The Alliance mines both iron ore and coal in its Australian operations which utilised by both the GFG companies and supplied to external customers.

Rail The number one supplier of rail steels in Australia.

Automotive A leading UK manufacturer of engineering solutions with a growing international footprint. Serves sectors such as OEM automotive, motorsport, niche and high performance vehicles, hybrid, defence and multi-terrain.

12 13

GFG Alliance operates across the entire supply chain

Decoupled Integration

The GFG Alliance combines the expertise of world-class industrial, natural and financial resources, working together to deliver a competitive solution through a strategy called decoupled integration.

With capabilities spanning commodities trading, recycling, energy, mining, steel and aluminium manufacture, advanced engineering, as well as financial and property services, the Alliance members are individually owned and managed but collectively offer decades of expertise that delivers a strong competitive edge across the value chain.

Their common purpose is the regrowth of industry and the strategy for delivering this vision is called decoupled integration. Through this approach each

of the GFG Alliance businesses is integrated to serve the other parts of the group while also delivering for their external customers. The model enables economic value creation for the core industrial group with the full benefits of integration while ensuring each business operates in an agile way enabling independent growth.

External Customer

Energy

FinancialServices

Engineering

Aluminium

Steel

Recycling

Mining

Commodities

Shipping & Logistics

Infrastucture

Property

Internal Customer+ +

+ +External Customer Internal Customer

GFG

ALL

IAN

CE S

UPP

LY C

HA

IN

14 15

An economically and environmentally sustainable future for the global metals industry

GREEN strategies

Liberty House Group, part of the GFG Alliance, is transforming steel and aluminium manufacturing into a global product and technology leader through its GREENSTEEL and GREENALUMINIUM strategies.

GREENSTEEL aims to recycle and upcycle the growing mountain of scrap steel, using electric arc furnaces powered by renewable energy. Raw materials and resources are secured locally to make world-class products that sell both nationally and globally. High grade engineered steel and alloys from the process feed engineering operations that make advanced components for demanding sectors such as automotive, aerospace, marine, off-road and defence.

GREENSTEEL provides a more flexible and customer focused solution while also reducing carbon footprint of manufacture, shortening the supply chain, retaining

and upgrading skills, stimulating new technologies and engendering a sustainable and globally competitive metal manufacturing sector. GFG is actively pursuing GREENSTEEL in the UK and Australia whilst it is also developing plans for implementing the strategy globally, particularly in the USA and India

The GFG Alliance has also recently extended its GREENSTEEL approach to aluminium production where it is currently using the same principles to transform this sector through its GREENALUMINIUM strategy.

• B A N K I N G & F INANCIAL SERVIC

ES •

CO

MM

OD

ITIE

S • EN

ERGY • STEEL • ENGINEERING • BANKING & FINANCIA

L SER

VIC

ES •

CO

MM

OD

ITIE

S •

EN

ERG

Y •

STEEL • E N G I N E E R I N G • B A N K I N G & F INANCIAL SERV

ICES

• C

OM

MO

DIT

IES

• ENERG

Y • STEEL • ENGINEERING • BANKING & FINANCIAL S

ERV

ICES

• C

OM

MO

DIT

IES

• E

NER

GY •

STEEL • E N G I N E E R I N G

GREEN

ALUMINIUM

GR EE N A LU MINIU

M

• Ad

din

g en

gineering value to the UK Economy

• Pro

duced in the UK from UK raw materials

• Manufa

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d us

ing

Gre

en P

ow

er

16 17

Steel

The GFG Alliance has an integrated steel offering – ranging from liquid steel made from recycled and raw materials through to high-value precision engineered products and associated services, sold around the world.

Liberty Steel is the Alliance’s global steel manufacturing arm. Its comprehensive product range includes slabs, ingots, billets, blooms, structurals, merchant bar, rail, rail sleepers, de-bar, wire rod, engineering bar, HRC, plate as well as pipe and tube, ranging from precision tube to structural hollow sections to large diameter energy (API) pipe. These are manufactured in a variety of grades and finishes to comply with national and international quality-certified standards and meet stringent customer specifications.

Located across the UK, Australia, Europe, India, China, and the USA, the division’s furnaces, mills, service centres and distribution sites serve demanding sectors such as automotive, aerospace, oil and gas, ship building, construction, on and off-shore power generation, yellow goods, mining, machinery, highways and materials handling.

A global supplier of engineered steel solutions

Key facts:

manufacturer of steel long products in Australia

Only Every 3 secondsundercarriages manufactured by the Alliance land a civil aircraft round the globe

producer of large diameter pipe in the UK

OnlyLargest

merchant bar producer in the UK

Only

steel plate mill producer in the UK

steel supplier to engineering, construction, residential and non-residential construction in Australia

#1

in mining, agriculture and manufacturing in Australia

Leading supplier

18 19

Mining

SIMEC Mining, part of the GFG Alliance, supplies raw materials into the Alliances integrated supply chain as well as to external customers. It currently produces approximately 13 m tonnes of iron ore and metallurgical coal per annum.

The iron ore mining business operates primarily in the Middleback Ranges, located 60 kilometres from Liberty’s integrated Whyalla Steelworks. These operations incorporate the Iron Baron, Iron Knob and South Middleback Ranges mine sites. They mine hematite iron ore which is exported mainly for an Asian customer base and magnetite iron ore which is used in the Whyalla steel works.

The Alliance also owns a portfolio of non-ferrous mining assets located in South Australia. This includes

the Ardrossan Dolomite Mine – which supplies dolomite flux to Liberty’s Whyalla Steelworks – as well as a collection of copper-gold exploration projects.

SIMEC also owns and operates the Tahmoor coking coal mine in New South Wales in Australia. With an annual production of 2m tonnes per annum, the bulk of its products are used for primary steel making in blast furnaces both in Australia and internationally.

A mining business with a global reach

Key facts:

Only From pit to port

2 mtpa

Australian iron ore miner to produce lump, fines, concentrate and pellet

Fully integrated, private supply chain

MiddlebackrangesBirthplace of the Australian Steel Industry - mining since the 1890’s

of coking coal for internal and external customers

20 21

Aluminium

GFG Alliance has a growth strategy in aluminium as a core product in its portfolio and sees an opportunity in adding value to aluminium for the benefit of customers and communities.

The GFG Alliance’s vision for re-establishing metals manufacturing in the UK recently resulted in the re-birth of the British Aluminium brand. With the support of the Scottish Government, the Alliance acquired the last primary aluminium smelter in the country, based in Fort William. The facility currently manufactures 48,000 tonnes of slab and sow every year and is powered by hydropower and biofuel energy, making it one of the greenest metal production plants in the world.

In addition to serving the international market with semi-finished aluminium, the Alliance is also investing to upgrade the smelter and has recently been granted planning permission to build a brand new facility for the production of aluminium wheels. When fully constructed, the state of the art plant will be the

only UK based site of this type and will manufacture products for the UK and European automotive industry. It will complement the Alliance’s current downstream aluminium capabilities which include 4 aluminium die casting operations and an aluminium pressings facility, serving the same market.

As a further step in growing its aluminium portfolio, in January 2018 the GFG Alliance industrial arm Liberty House also agreed with Rio Tinto to acquire the largest European aluminium smelter based at Dunkirk. Plans for the smelter include both serving existing customers with aluminium slab and ingots, as well as working with all stakeholders to develop downstream manufacturing activities to serve the growing European automotive market.

Greener aluminium for growing industries

Key facts:

48,000

270,000 tonnes

tonnes of aluminium manufactured every year by our Aluminium Smelter

Aluminium Dunkirk is the largest European Aluminium

smelter with a capacity of

of aluminium pa

3.2Equivalent to

BILLION aluminium

cans

Sole primary aluminium smelter in the UK, one of the greenest in the world

Planning permission Lochaber Smeltergranted for only aluminium wheel factory in the UK

is one of the greenest aluminium manufacturing sites in the world

22 23

Engineering

GFG Alliance’s engineering division, operating as Liberty Engineering, delivers a wide spectrum of solutions, adding value to steel and aluminium production.

Liberty Engineering combines many decades of expertise within 25 specialist companies, providing customers in multiple sectors with value-added solutions for a wide range of applications.

Grouped into seven main sub-divisions, these companies focus on the design, manufacture and distribution of engineered products and services using steel, aluminium, composite materials and exotic metals. Products range from drive-by-wire solutions,

racing grade performance brakes and super-lightweight tubular assemblies for aero-engines, to anti-vibration mounts for defence applications, pressings and assemblies for the automotive and energy markets, and carbon composite parts.

The Engineering businesses operate from locations across the UK, Poland, Dubai and the USA, and serve customers in more than 50 countries worldwide.

Advanced engineering solutions for industry

Key facts:

Major supplier private engineering company in the UK supplying components to every car manufacturer

to all major car manufacturers in the UK

Largest pressed components every year, made from 65,000 tonnes of sheet steel, weighing as much as the newest aircraft carrier

46 million

of saw and industrial tool blades supplied each year to the worlds cutting industries

27million meters

Every 8 seconds

Formula 1 team

in the UK, a car is produced with a Liberty component on it

Supplying every

on the grid

Cam Caps manufactured by Liberty Engineering stretch from London to New York

24 25

SIMEC Energy is a fast growing developer and operator of renewable power in the UK and Australia.Renewable power is at the heart of SIMEC’s activities as it looks to ensure a long term, stable and sustainable power source for industry. SIMEC Energy, part of the multi-national SIMEC Group, is developing a wide portfolio of renewable assets in the UK and Australia.

The Group already delivers low-carbon energy from hydro and biofuel sources for use in GFG Alliance’s own industrial activities and in the wider market.

The Alliance will continue to drive the development of other green power sources and/or acquire additional generation capacity using technologies such as wind,

hydro, pumped hydro, solar, battery storage and energy from waste.

Looking further into the future, GFG has invested in the development of tidal power, which will harness the energy of the tides in a programme that could deliver 8% of the UK’s electricity needs. GFG also has the capabilities for the manufacture of wind turbine towers and transmission line pylons and is looking to expand its renewable energy portfolio with the addition of other power assets.

Renewable energy generation to power a sustainable industrial vision

Energy

Key facts:

7.3 GWDevelopment pipeline of

of power in the UK and Australia

632 megawatt

1/3

Current available capacity of

or enough power to lightof all UK homes

26 27

>£400 million

Total investment in renewable power generation assets to date

The GFG Alliance’s model involves creating a metals recycling supply chain that provides a stable footing for growth.

GFG Alliance’s recycling business holds a well-established position in its chosen markets supplying steel making raw materials to domestic and international mills through a collaborative partnership model between suppliers and consumers. Handling over 3 million tonnes a year of ferrous material the recycling business is a significant contributor to the raw material requirements of the steel industry and provides a sustainable alternative to landfill capturing the full value in use of the materials recycled.

The business’ experience in international non-ferrous trading and marketing, key relationships with consumers and close proximity to as well as local market knowledge are key assets of the non-ferrous recycling business.

The diverse geographical spread of global offices are staffed by a, multi-national and multi-cultural team

of trading and administrative support professionals providing a unique offering to our suppliers and customers alike.

Expanding on the well-established Australasian footprint and knowledge base, the Alliance is developing its network of suppliers as well as advanced collection and processing facilities for both ferrous and non-ferrous metals across the UK, USA and continental Europe. It plans to use locally sourced ferrous scrap metal to supply Liberty Steels’ electric arc furnaces and steel mills with feedstock to manufacture and distribute new steel products through our downstream businesses and supply-chain expertise. The sustainability of this fully integrated GREENSTEEL approach will be further enhanced in the future by use and investments in renewable energy.

Investing in sustainable metals recycling

Recycling

Key facts:

of recycled steel per annum largest in the UK and Australia

3 million tonnesworldwide

Trading with

35 Countries

28 29

Through its industry-focused institutions the GFG Alliance delivers innovative products and services that help industry grow and flourish.

Wyelands, the Alliance’s financial arm, consists of two banking brands, a financial advisory business, an insurance company and inventory finance services.

Wyelands Bank Plc is an independently owned and managed British bank focused on global trade. It has been created to help industry grow, to enable businesses to trade more easily around the world, and to create jobs. The bank supports small and medium businesses by providing them with short and medium term financial solutions, filling a vital gap in the market.

Regulated by both the PRA and FCA, the bank is also a provider of competitive retail deposits and savings services.

In addition, recently the GFG Alliance Chairman Sanjeev Gupta agreed to purchase Diamond Bank Plc, which will be separately capitalised and independently managed. On completion, subject to FCA and PRA approval, it will be renamed to British Commonwealth Trade Bank (BCTB).

Trans-World Credit Corporation, a worldwide insurance solutions provider, became part of the Alliance in March 2018. With its broad track record in the provision of insurance services, particularly within the field of political and trade credit underwriting, it is now the lead broker for trade credit risk insurance for members of the GFG Alliance globally and works towards the creation of a captive insurance programme.

At the same time Wyelands also entered into a strategic partnership with Demica, one of the world’s largest working-capital Fintechs. The partnership will combine the GFG Alliance’s extensive trading network relationships and expertise in commodities markets with Demica’s wide range of working capital solutions delivered across its proprietary technology platform with the objective of addressing a significant gap in the market for inventory-led working capital solutions to industrial and trading businesses.

Providers of industry friendly financing and advisory services

Financial Services

Key facts:

growing banks in the UKfastestOne of the

£600mTotal assets of over

30 31

Property

JAHAMA Estates include a number of commercial, agricultural, energy, recreational and residential assets situated across four continents.

The largest part of the JAHAMA estates is located in the UK, where the business is the fifth largest private landowner. The JAHAMA Highland Estates are a collection of over 114,000 acres located around Fort William.

The land is made up of some of the most stunning scenery in Europe and include Ben Nevis, the UK’s highest mountain.

GFG Alliance is a steward of these beautiful lands where it aims to create an exemplary estate managed

sustainably and responsibly with a long term approach and in partnership with the wider community in order to generate a sustainable business for generations to come.

The GFG Alliance’s broader property portfolio includes a selection of UK, Australian and international estates, such as industrial sites, office locations, rural land and residential properties.

A property portfolio to underpin growth

Key facts:

largest private landowner in UK

5th

regeneration projects on-going across the globe

Urban & Brownfieldincludes commercial, residential, agricultural and industrial estates

Property portfolio

Scottish Highland estates cover

host to a number of rare species114,000 acres and are

32 33

Commercial ports, railway stock and marine fleets as well as storage facilities provide the Alliance with the ability to extend services to customers and support the delivery of its own value-added activities.

The GFG Alliance companies own and manage the Whyalla port in South Australia, and three ports in the UK, three on the River Usk in South Wales and a facility in Blyth, Newcastle-upon-Tyne.

The Whyalla port services SIMEC’s mines and Liberty’s steel facilities in South Australia. The facility caters for inbound raw materials, storage and blending of iron ore for export, and the loading of transhipping vessels with export iron ore and steel. Significant upgrades completed in 2013 saw the installation of state-of-the-art equipment – including a new high-capacity ship-loader and negative pressure storage sheds – enabling the mining business’ export capacity to more than

double to ~13mtpa. The facility also has a plan to cater to third party product flows for South Australia.

The UK ports are equipped with specialist heavy duty gantry cranes for handling steel and other products and can achieve a high output performance, crucial to their ability in being able to turn vessels round quickly.

The Alliance’s companies also have a railway fleet which transports materials and goods to various manufacturing locations within the UK and Australia.

The Group’s shipping division assists both external and internal clients with logistics services and supply chain management solutions.

A platform for commodities, industry and logistics

Infrastructure

from all GFG ports

Total product flows of

>10mtpa

Key facts:

34 35

Liberty Commodities and SIMEC Commodities, both members of the GFG Alliance, have expertise in trading that stretches over nearly 6 decades. Liberty Commodities is a global solutions provider to the international steel and non-ferrous metals industries, trading 10 m tonnes every year, while SIMEC Commodities specialises in energy products.

With a presence in 30 countries across five continents, the GFG Alliance has many long-standing relationships with clients, some established for over decades. Its ferrous material portfolio includes iron ore, scrap, coking-coal and coke, direct reduced iron and hot briquetted iron, slabs, hot rolled coil, cold rolled coil, galvanized steel, de-bar, wire rod, rail, structurals, pre-painted galvanized steel, billets, and merchant bar. Its non-ferrous division trades nickel, zinc, copper, aluminium and tin. SIMEC Commodities trades in oil products, coal and electricity.

GFG Alliance’s supply-chain solutions cover logistics, cargo handling, inland movement of cargo, container handling and stuffing, storage at warehouses and ports, chartering of vessels, breaking bulk, inspection, insurance, and inland distribution of material at destination. Value-added services also include financial solutions, such as prepayments, inventory finance, tolling finance, and open credit, as well as price risk management, service centres, and partnerships.

Delivering innovative commodity solutions worldwide

Commodities

Key facts:

10 million tonnesof steel traded every year by GFG Alliance worldwide

Trading with

35 Countries

Over35,000tonnes pa of Nickel traded internationally

36 37

The GFG Foundation aims to address the growing skills gaps in industry and enable young people and experienced workers to reach their potential.

The GFG Foundation was established to help develop skills for people to start or continue working in specific industries in which the Alliance is active such as engineering, metals and renewable energy.

Whether by inspiring young people through structured work experience to seek careers in engineering or by providing training so mature workers can adapt and upskill for modern industry, the GFG Foundation is helping people realise their potential.

Working with respected partners such as the Industrial Cadets programme, inspired by HRH The Prince of Wales and delivered by the Engineering Development Trust, the Foundation aims to help improve the prospects of 5,000 people over a three-year period.

Its support includes: grants to enhance existing local or regional skill-building projects, funding for intensive industry-related work experience or mentoring and bursaries to help talented young people undertake high-level technical courses.

It also supports local, national and international STEM (Science, Technology, Engineering and Mathematics) programmes, aimed at inspiring young people’s interest in these fields and providing a pipeline of talent for innovation and new technology.

In addition to skills support, the Foundation will look for opportunities to support primary education.

Providing a platform for learning with a focus on industry

Education & Skills

Key facts:

1300 young people engaged in various skills programmes

Working with

26 schoolsat 12 UK locations

Appointed

30GFG Alliance mentors

Supporting

9 Universitiesto provide scholarship programmes

GFG Chairman named HRH Ambassadorfor Industrial Cadets

38 39

Steel brands: Aluminium brands: Energy brands:

Recycling brands: Financial brands:

Property brands:

Commodity brands: Education & Skill brands:

Infrastructure brands:

Mining brands:

Engineering brands:

The GFG Alliance brands

LONGMORE

40 41

42 43

This Document has been prepared by the GFG Alliance (“GFG”). It is protected by international copyright laws and is for the recipient’s use in connection with considering a potential business relationship with the GFG only. This Document and any related materials are confidential and may not be distributed or reproduced (in whole or in part) in any form without GFG’s written permission.

By accepting or accessing this Document or any related materials you agree to be bound by the limitations and conditions set out herein and, in particular, will be taken to have represented, warranted and undertaken that you have read and agree to comply with the content of this disclaimer, including, without limitation, the obligation to keep information contained in this Document and any related materials confidential.

The information contained herein does not constitute an offer or solicitation to sell or acquire any security or fund the acquisition of any security by anyone in any jurisdiction, nor should it be regarded as a contractual document. Under no circumstances should the information provided in this Document or any other written or oral information made available in connection with it will be considered as investment advice, or as a sufficient basis on which to make investment decisions. This Document is provided to you for information purposes only.

The distribution of this document or any information contained in it and any related materials may be restricted by law in certain jurisdictions, and any person into whose possession this Document or any part of it comes should inform themselves about, and observe, any such restrictions.

The information in this Document does not purport to be comprehensive and has been provided by GFG (and, in certain cases, third party sources) and has not been independently verified. No reliance may be placed for any purposes whatsoever on the information contained in this Document or related materials or in the completeness of such information and no information set out or referred to in this Document shall form the basis of any contract.

Whilst this Document has been prepared in good faith, neither GFG nor any of its directors, advisers, representatives, officers, agents, affiliated companies or employees makes, or is authorised to make any representation, warranty or undertaking, express or implied, with respect to the information or opinions contained in it and no responsibility or liability is accepted by any of them as to the accuracy, completeness, or reasonableness of such information or opinions or any other written or oral information made available to any party or its advisers. Without prejudice to the foregoing, neither GFG or its directors, advisers, representatives, officers, agents, affiliated companies or employees accepts any liability whatsoever for any loss whatsoever arising, directly or indirectly, from use of this Document and/or related materials or their contents or otherwise arising in connection therewith. The information set out herein and any related materials is subject to updating, completion, revision, verification and amendment, and such information may change materially. GFG is under no obligation to provide the recipient with access to any additional information or to update this Document or any related materials or to correct any inaccuracies in it which may become apparent. This document shall not exclude any liability for, or remedy in respect of, fraudulent misrepresentation.

All statements of opinion and/or belief contained in this Document and all views expressed represent GFG’s own assessment and interpretation of information available to it as at the date of this Document.

If you have not received this Document directly from GFG, your receipt is unauthorised. Please return this Document to GFG immediately.

This disclaimer confers a benefit on, and is intended to be enforceable by, all members of GFG by virtue of Contracts (Rights of Third Parties) Act 1999 which, for the avoidance of doubt, includes Liberty House Group Pte. Ltd and SIMEC Group Limited and each of their respective subsidiary undertakings (as defined by the Companies Act 2006).

44

London

7 Hertford Street, London, W1J 7RH, United Kingdom

T +44 (0) 203 205 8550

Singapore

8 Marina View,#40-06, Asia Square Tower 1,Singapore 018960

T +65 62235180

Dubai

17 H Almas Tower,Jumeirah Lake Towers,Dubai UAE

T +971 44343069

Hong Kong

Suite 2202-2204Gloucester Tower,The Landmark,11 Pedder Street,Central, Hong Kong

T +852 2217 9211

Sydney

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