Dated: March 1, 2010

Subject: Sales Promotion

To accelerate sales during the month of March 2010, following pattern of allocation of Hot Rolled / Cold Rolled and Galvanized products is proposed.

i) 1^st Priority to Consumer Dealer as per their requirement against the running contracts.

ii) 2^nd Priority (70% of saleable material) to Tender Dealer as per their written requests against the respective running contracts.

iii) 3^rd priority (30% of saleable stocks) to Tender Dealer, against their respective running contracts in order of seniority in contacts of their respective zones.

(Barhanmand Khan)

Manager (CS&S)