SAFETY

Safety is a core value of OneSteel as exemplified in the company’s vision to be the safest and most profitable Australian steel company. As such, safety underpins all of OneSteel’s activities.

The first policy to be issued by OneSteel was the Occupational Health and Safety Policy. This policy sets the foundation for our approach and commitment to Occupational Health and Safety (OHS).

OCCUPATIONAL HEALTH AND SAFETY POLICY

OneSteel is committed to achieving the highest performance in occupational health and safety with the aim of creating and maintaining a safe and healthy working environment throughout its businesses.

Consistent with this the Company will:
• Establish measurable objectives and targets aimed at continuous improvement in its occupational health and safety performance taking into account evolving community expectations, management practices, scientific knowledge and technology;

• Comply with all applicable laws, regulations and standards and where adequate laws do not exist, adopt and apply standards that reflect the Company’s commitment to health and safety;

• Consult with and involve employees and contractors in the improvement of occupational health and safety performance;

• Train and hold individual employees accountable for their area of responsibility;

• Manage risk by implementing management systems to identify, assess, monitor and control hazards and by reviewing performance;

• Ensure that OneSteel employees, contractors and visitors are informed of and understand their obligations in respect of this policy;

• Communicate openly with employees, government and the community on occupational health and safety issues; and contribute to the development of relevant occupational health and safety policy, legislation and regulations;

• Support relevant occupational health and safety research; and

• Regularly audit the occupational health and safety management systems to ensure effective implementation.

G.M. Plummer
Managing Director and Chief Executive Officer
OneSteel
4 August 2005