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SHAREHOLDER INFORMATION

DISTRIBUTION SCHEDULE
RANGE NO OF HOLDERS NO. OF SHARES % OF ISSUED CAPITAL
1-1,000 117,192 51,392,596 7.35
1,001-5,000 61,404 140,372,230 20.09
5,001-10,000 8,573 61,658,830 8.82
10,001-100,000 4,350 92,807,385 13.28
100,001 and Over 193 352,625,399 50.46
Total 191,712 698,856,440 100.00

The number of security investors holding less than a marketable parcel of 73 securities ($6.88 on 04/09/2006) is 5,443 and they hold 207,802 securities.

TWENTY LARGEST REGISTERED SHAREHOLDERS AS AT MONDAY 4 SEPTEMBER 2006
RANK    NAME OF SHAREHOLDER TOTAL UNITS % OF ISSUED CAPITAL
1 J P MORGAN NOMINEES AUSTRALIA LIMITED 88,443,400 12.66
2 WESTPAC CUSTODIAN NOMINEES LIMITED 77,206,778 11.05
3 NATIONAL NOMINEES LIMITED 59,297,136 8.48
4 ANZ NOMINEES LIMITED 25,871,838 3.70
5 CITICORP NOMINEES PTY LIMITED 21,169,405 3.03
6 HSBC CUSTODY NOMINEES 5,854,817 .84
7 COGENT NOMINEES PTY LIMITED 4,752,663 .68
8 ELISE NOMINEES PTY LIMITED 4,342,923 .62
9 AMP LIFE LIMITED 3,976,712 .57
10 UBS NOMINEES PTY LTD 2,393,710 .34
11 QUEENSLAND INVESTMENT CORPORATION 2,306,969 .33
12 CITICORP NOMINEES PTY LIMITED 1,930,565 .28
13 RBC DEXIA INVESTOR SERVICES AUSTRALIA NOMINEES PTY LIMITED 1,864,662 .27
14 COGENT NOMINEES PTY LIMITED 1,754,000 .25
15 KIRBY CLARKE ADAMS 1,414,169 * .20
16 AUSTRALIAN UNITED INVESTMENT COMPANY LIMITED 1,200,000 .17
17 AUSTRALIAN REWARD INVESTMENT ALLIANCE C/O J P MORGAN NOMINEES 1,125,801 .16
18 BAINPRO NOMINEES PTY LIMITED 1,094,000 .16
19 ABNED NOMINEES PTY LIMITED 1,046,803 .15
20 UBS WEALTH MANAGEMENT AUSTRALIA NOMINEES PTY LTD 1,015,735   .15
Total for Top 20 308,062,086 44.08
Total other investors 390,794,354   55.92
Grand total 698,856,440   100.00

* Mr Adams' total shareholding in BlueScope Steel ordinary shares as at Monday 4 September 2006 is unchanged from the shareholding of 2,346,381 (as at 30 June 2006) reported on page 60 of the Directors' Report. His total holding includes shares registered in his own name and relevant interests he holds in shares registered in the names of other persons or entities, including his personal superannuation fund.

SUBSTANTIAL SHAREHOLDERS

The Capital Group Companies, Inc. by a notice of initial substantial holder dated 23 May 2006, advised that it and its associates were entitled to 35,299,687 ordinary shares.

Perennial Value Management Limited by a notice of initial substantial holder dated 1 March 2006, advised that it and its associates were entitled to 37,176,560 ordinary shares.

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