OREANDA-NEWS. October 14, 2011. Angang Steel Company Limited (the “Company”) is pleased to announce that its board of directors (the “Board”) has approved to offer and issue (i) short-term financing bonds with an aggregate principal amount not more than RMB6,000 million (the “Short-Term Financing Bonds”), and (ii) medium-term notes with an aggregate principal amount of not more than RMB8,000 million (the “Medium-Term Notes”), to the institutional investors in the PRC inter-bank debenture market, reported the press-centre of Angang Steel Company.

The proposed issue of each of the Short-Term Financing Bonds and the Medium-Term Notes is subject to the approval by the shareholders of the Company (the “Shareholders’), respectively.