Bahrain Steel Inks Agreement with a Consortium of Banks for a $450 Million Sustainability-Linked Loan

• The loan will be tracked against a set of relevant Key Performance Indicators (KPIs) and ambitious SustainablePerformance Targets (SPTs)throughout its seven-year tenure
• Bahrain Steel has set emission reduction targets,and have launchedcomprehensive employee training programs to bolster climate change and environmental risk knowledge

Manama, Kingdom of Bahrain – 8^th January 2024:Bahrain Steel, a leading producer and global supplier of high grade iron ore pellets, announcedtoday the successful syndication of a $450 million Sustainability-Linked Loan (SLL). This milestone transaction, spanning seven years, underscores the company’s unwavering dedication to Environmental, Social, and Governance (ESG) principles. It also highlights the collective commitment of the lending consortium toward fostering tangible environmental impacts in tandem with their clients.