09:45     CHINA SPECIAL STEEL HOLDINGS CO. LIMITED<02889> - Ann. (3)          

    BASIS OF ALLOTMENT OF PUBLIC OFFER SHARES                                 
                                                                              
    Subject to the satisfaction of the conditions set out in the              
    paragraph headed ``Conditions of the Public Offer'' in the section        
    headed ``Structure and Conditions of the International Offering''         
    in the Prospectus, valid applications made by the public on WHITE         
    and YELLOW Application Forms will be allotted on the basis set out        
    below:                                                                    
                                                                              
    NO. OF OFFER SHARES APPLIED FOR   NO. OF VALID APPLICATIONS   BASIS       
    OF ALLOTMENT/BALLOT   APPROXIMATE PERCENTAGE ALLOTTED OF THE TOTAL        
    NO. OF OFFER SHARES APPLIED FOR                                           
                                                                              
    POOL A                                                                    
                                                                              
    2,000   193   2,000 Shares   100.00%                                      
                                                                              
    4,000   166   2,000 Shares plus 133 out of  166 to receive additional     
    2,000 Shares   90.06%                                                     
                                                                              
    6,000   82   4,000 Shares plus 33 out of  82 to receive additional        
    2,000 Shares   80.08%                                                     
                                                                              
    8,000   70   4,000 Shares plus 4 out of  5 to receive additional          
    2,000 Shares   70.00%                                                     
                                                                              
    10,000   183   6,000 Shares   60.00%                                      
                                                                              
    12,000   34   6,000 Shares plus 5 out of  17 to receive additional        
    2,000 Shares   54.90%                                                     
                                                                              
    14,000   16   6,000 Shares plus 3 out of  8 to receive additional         
    2,000 Shares   48.21%                                                     
                                                                              
    16,000   20   6,000 Shares plus 1 out of  2 to receive additional         
    2,000 Shares   43.75%                                                     
                                                                              
    18,000   13   6,000 Shares plus 5 out of  13 to receive additional        
    2,000 Shares   37.61%                                                     
                                                                              
    20,000   101   6,000 Shares plus 51 out of  101 to receive additional     
    2,000 Shares   35.05%                                                     
                                                                              
    30,000   71   8,000 Shares plus 36 out of  71 to receive additional       
    2,000 Shares   30.05%                                                     
                                                                              
    40,000   26   10,000 Shares   25.00%                                      
                                                                              
    50,000   60   10,000 Shares plus 1 out of  2 to receive additional        
    2,000 Shares   22.00%                                                     
                                                                              
    60,000   27   10,000 Shares plus 19 out of  27 to receive additional      
    2,000 Shares   19.01%                                                     
                                                                              
    70,000   9   12,000 Shares   17.14%                                       
                                                                              
    80,000   15   12,000 Shares plus 1 out of  5 to receive additional        
    2,000 Shares   15.50%                                                     
                                                                              
    90,000   8   12,000 Shares plus 3 out of  4 to receive additional         
    2,000 Shares   15.00%                                                     
                                                                              
    100,000   83   14,000 Shares   14.00%                                     
                                                                              
    150,000   28   18,000 Shares   12.00%                                     
                                                                              
    200,000   31   22,000 Shares plus 16 out of  31 to receive additional     
    2,000 Shares   11.52%                                                     
                                                                              
    250,000   9   28,000 Shares   11.20%                                      
                                                                              
    300,000   18   30,000 Shares plus 8 out of  9 to receive additional       
    2,000 Shares   10.59%                                                     
                                                                              
    350,000   2   36,000 Shares plus 1 out of  2 to receive additional        
    2,000 Shares   10.57%                                                     
                                                                              
    400,000   6   42,000 Shares   10.50%                                      
                                                                              
    450,000   2   46,000 Shares plus 1 out of  2 to receive additional        
    2,000 Shares   10.44%                                                     
                                                                              
    500,000   21   52,000 Shares   10.40%                                     
                                                                              
    600,000   6   62,000 Shares   10.33%                                      
                                                                              
    700,000   8   72,000 Shares   10.29%