A GLOBAL PRESENCE

The LNM Group aims to secure its position as one of the leading low cost producers of quality steel in the global steel market. The strategy is to acquire under-performing steel companies and turn them around into blue chip assets.

The LNM Group has offices spread across the globe:

• Central and Eastern Europe (Romania, Czech Republic)
  
• Western Europe (Germany, France)
  
• North America (USA, Canada, Mexico, Trinidad)
  
• Africa (South Africa, Algeria)
  
• Asia (Indonesia, Kazakhstan)

Central and Eastern European regions
Ispat Sidex in Romania and Ispat Nova Hut in Czech Republic are the groups main steel making facilities in Central and Eastern Europe. The group employs around 30,000 people in this region and has invested in excess of 600 million dollars.

Additionally, the group has recently signed a privatisation agreement with the Polish Ministry of State Treasury regarding the purchase of Polskie Huty Stali, Poland's largest steel producer, and expects to receive regulatory approval in early 2004. This will increase its annual steelmaking capacity in the region to 14 million tonnes, making it by far the dominant producer in the region.

Western Europe
The LNM Group is the largest producer long products in Western Europe with 2002 shipments exceeding five million tonnes.

With two steel making businesses in Hamburg and Duisburg, Germany and one in Gandrange, France, the LNM Group employs nearly 4,200 people in this region.

North America
LNM's client base in North America includes industry leaders such as Ford, Toyota, Honda Motors, General Motors and Whirlpool. It reports a turnover of 2.3 billion dollars and has annual shipment exceeding 12 million tonnes, with steelmaking facilities in the US, Canada, Mexico and Trinidad & Tobago.

Africa
LNM Group has a stake of just under 50% in Iscor limited, the largest steel producer in Africa and 70% equity stake in Ispat Annaba, Algeria's largest integrated steel plant.

Asia
Ispat Indo (Indonesia) is the founding member of the LNM Group. It produces a range of billet, bars and wire rods.

Ispat Karmet in Kazakhstan is one of the largest integrated steel producers in the world with an annual production capacity of five million tonnes. In the year 2002, it reported a turnover of 785 million dollars.