Share Change For Bluescope Steel Ltd. In S&P/ASX 50 Index

Date 26/10/2006

Standard & Poor’s will make the following changes in the S&P/ASX 50 Index effective after the close of trading on Tuesday, Oct. 31, 2006:

Bluescope Steel Ltd. (Australia, SEDOL: 6533232, GICS Code: 15104050), a member of the S&P/ASX 50 Index, will increase its shares to 724,207,500. This change is the result of a dividend-reinvestment plan.

Following is a summary of the announced change:

S&P/ASX 50 Index – Oct. 31, 2006, After Market Close
S&P Index	Company Name	New Total	New IWF
S&P/ASX 50	Bluescope Steel Ltd.	724,207,500	1.00 (CHANGE)