Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Announcement Summary

use only

Entity name

BLUESCOPE STEEL LIMITED

Date of this announcement

Tuesday January 11, 2022

The +securities the subject of this notification are:

Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

Total number of +securities to be issued/transferred

Total number of

ASX +security

+securities to be

code

Security description

issued/transferred

Issue date

BSL

ORDINARY FULLY PAID

3,030

10/01/2022

For personal

Refer to next page for full details of the announcement

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 1 - Entity and announcement details

For personal use only

1.1 Name of entity

BLUESCOPE STEEL LIMITED

We (the entity named above) give notice of the issue, conversion or payment up of the following unquoted +securities.

1.2

Registered number type

Registration number

ABN

16000011058

1.3

ASX issuer code

BSL

  1. The announcement is New announcement
  2. Date of this announcement

11/1/2022

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 2 - Issue details

2.1 The +securities the subject of this notification are:

Unquoted options that have been exercised or other unquoted +convertible securities that have been converted

For personal use only

2.2b The +securities being issued, transferred or re-classified as a result of the options being exercised or other +convertible securities being converted are:

securities that have already been quoted on ASX ("existing class")

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Part 3B - number and type of +securities the subject of this notification (existing class) where issue has not previously been notified to ASX in an Appendix 3B

only

The right of the holder of the options or other +convertible securities to receive the +underlying securities is being satisfied by:

A transfer of existing +securities

The underlying securities being received by the holder are:

Already quoted by ASX

Existing +securities converting into an existing class

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FROM (Existing Class)

ASX +Security code and description

BSLAB : RIGHTS

TO (Existing Class)

ASX +Security code and description

BSL : ORDINARY FULLY PAID

Please state the number of options that were exercised or other +convertible securities that were converted

3,030

The first date the options were exercised or other +convertible securities were converted

10/1/2022

The last date the options were exercised or other +convertible securities were converted

10/1/2022

For personal

Is this all of the options or other +convertible securities on issue of that type?

No

Were the options being exercised or other +convertible securities being converted issued under an +employee incentive scheme?

Yes

Are any of the options being exercised or other +convertible securities being converted held by +key management personnel (KMP) or an +associate?

Yes

Provide details of the KMP or associates who are exercising options or converting convertible securities.

Name of KMP

Name of registered holder

Number of +securities

1,159

Richard Mark Hutchinson

Pacific Custodian Pty Ltd as trustee of

the BlueScope Steel Employee Share

Plan Trust

772

Jennifer Lambert

Pacific Custodian Pty Ltd as trustee of

the BlueScope Steel Employee Share

Plan Trust

1,099

John Bevan

Pacific Custodian Pty Ltd as trustee of

the BlueScope Steel Employee Share

Plan Trust

Notification of Issue, Conversion or Payment up of Unquoted

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Notification of Issue, Conversion or Payment up of Unquoted Equity Securities

Date the +securities the subject of this notification were issued/transferred 10/1/2022

only

Any other information the entity wishes to provide about the +securities the subject of this notification

The exercise of the share rights has been satisfied by a transfer of existing ordinary shares which have already been

quoted on ASX. The shares are held on the Non-executive Director's (NED) behalf by the trustee of the BlueScope Steel

Employee Share Plan Trust until the expiry of the applicable 'restriction period' in respect of the shares. While the shares

are held by the trustee, the NED will be unable to deal with them. The 'restriction period' will end on 10 September 2036,

or the date the NED ceases to be a Director of the Company, if that occurs earlier.

Issue details

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Number of +securities

3,030

For personal

Notification of Issue, Conversion or Payment up of Unquoted

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Bluescope Steel Limited published this content on 11 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 January 2022 05:47:00 UTC.