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APPLICATION FOR ISSUING LETTER OF CREDIT To: BANK OF CHINA Date: NOV 19，2011 Please issue on our behalf and for our account the following IRREVOCABLE LETTER OF CREDIT by (? V) TELEX/ ( ) AIRMAIL: L/C No. ( left for bank to fill ) Beneficiary: (full name detailed address) BHP Billiton Ltd. - Broken Hill Proprietary Billiton Ltd.（必和必拓公司） Melbourne， Australia Advising Bank: (left for bank to fill) Applicant: (full name detailed address) BAOSTEEL（宝钢集团） 515，GUO SHOUJING ROAD， ? DISTRICT，SHANGHAI， CHINA?(上海张江高科技园区郭守敬路515号Date of Expiry: DEC 2