Reviewed group results for the year
ended 31 December 2011

Segment information

	Quarter ended (Unaudited)			Year ended 31 December
	31 December 2011	30 September 2011	31 December 2010	2011 Reviewed	2010 Audited
Flat steel products
Revenue (R million)
– External	5 284	5 034	4 216	21 092	18 848
– Internal	265	247	186	701	586
EBITDA (R million)	(152)	(232)	(400)	597	1 442
Depreciation and amortisation (R million)	(292)	(276)	(272)	(1 133)	(1 095)
(Loss)/profit from operations (R million)	(444)	(508)	(672)	(536)	347
Unaudited information
Liquid steel production (‘000 tonnes)	989	918	865	4 060	3 814
Steel sales (‘000 tonnes)	806	798	807	3 424	3 348
– Local	554	588	463	2 468	2 336
– Export	252	210	344	956	1 012
Capacity utilisation (%)	70	64	60	71	67
Assets	21 322	20 818	19 177	21 322	19 177
Long steel products
Revenue (R million)
– External	1 384	2 199	2 005	8 044	8 976
– Internal	832	123	212	1 470	793
EBITDA (R million)	74	65	(36)	500	1 090
Depreciation and amortisation (R million)	(67)	(66)	(65)	(269)	(264)
(Loss)/profit from operations (R million)	7	(1)	(101)	231	826
Unaudited information
Liquid steel production (‘000 tonnes)	209	262	334	1 393	1 860
Steel sales (‘000 tonnes)	187	335	392	1 284	1 693
– Local	171	274	198	1 039	1 078
– Export	16	61	194	245	615
Capacity utilisation (%)	36	46	58	61	81
Assets	6 965	5 950	5 277	6 965	5 277
Coke and chemicals
Revenue (R million)
– External	590	387	611	2 317	2 400
– Internal	14	13	10	61	49
EBITDA (R million)	225	161	265	870	1 029
Depreciation and amortisation (R million)	(15)	(14)	(12)	(52)	(44)
Profit from operations (R million)	210	147	253	818	985
Unaudited information
Commercial coke produced (‘000 tonnes)	154	162	232	633	745
Commercial coke sales (‘000 tonnes)	163	92	168	631	629
Tar sales	30	27	33	117	125
Assets	1 082	1 068	1 079	1 082	1 079
Corporate and other
Operating (loss)/profit before depreciation and amortisation (R million)	(65)	9	(50)	(247)	(39)
Depreciation and amortisation credit (R million)	7	6	7	31	32
(Loss)/profit from operations (R million)	(58)	15	(43)	(216)	(7)
Assets	3 053	4 082	6 185	3 053	6 185