Growing our spirit the African way

BOTSWANA COAL & ENERGY CONFERENCE

April 2013

Disclaimer

Certain statements in the presentations and, If applicable, the subsequent question and answer session and

discussions concerning our future growth prospects, are forward looking statements which involve a number of risks,

uncertainties and other factors that may cause our actual results, performance or achievements to differ materially

from future results, performance or achievements expressed or implied by such forward-looking statements. The risks

and uncertainties relating to these statements include, but are not limited to, general political, social and economic

conditions in India, Bolivia, and elsewhere, accidents, natural disasters or outbreaks of disease, government policies

regarding the steel, power and diamond industry(ies), including industrial licensing, environmental regulations, safety

regulations, import restrictions and duties, excise duties and sales taxes, our ability to successfully implement our

strategy, our growth and expansion plans and technological changes, increasing competition in, and the conditions of

the global and Indian steel, power and diamond industry, changes in laws and regulations that apply to the Indian and

global steel, power and diamond industry, significant movements in the prices of key materials, terms on which we

finance our working capital and capital and product requirements affecting our company and our industry and other

development expenditure requirements, general economic conditions factors beyond our control.

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Jindal Africa Vision

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To be a globally admired organisation that enhances the quality of life of all stakeholders through sustainable industrial and business

development

Who We Are : Jindal Steel & Power Ltd

Currently operates largest coal-based sponge iron plant

in the world

Has installed capacity of 3Mtpa of steel at Raigarh in

Chhattisgarh, India with finishing mills for long and flat

products

A 0.6 MTPA wire rod mill and 1 million ton capacity bar

mill at Patratu, Jharkhand, India and ;

Will shortly be commissioning a plate mill to produce up

to 5m-wide plates at Angul, Odisha, India

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Accolades

Rated 2nd highest value creator in the world – Boston

Consulting Group:

11th fastest growing company in India – Business World

One of Fab 50 Companies – Forbes Asia, 2009 & 2010

One of the Best Blue Chip companies & the Highest Wealth

Creator – Dalal Street Journal

Ranked fourth based on Total Income in the Iron and Steel

sector – Dun & Bradstreet

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Leadership

Shri OP Jindal, Founder

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Smt Savitri Jindal, Chairperson Emeritus

Mr Naveen Jindal, Chairman

Mr Ravi Uppal; CEO & Managing Director – JSPL Mr Vikrant Gujral;

Group Vice-Chairman & Head of Global Ventures

Head Office : Management

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Mr Ashish Kumar, CEO

Mr Tony Zebert, Business Head: South Africa

Currently employ over 2,000 personnel in Africa

2008 Q4

• Jindal Africa open

doors –SA

• Mozambique Acquisition

• Madagascar Acquisition

2009 • Q1- Commence

drilling : Mozambique

• Q2–Sect 11 Approval: Kiepersol

• Q3–1st Coal mined: Kiepersol

• Q4 –1st dispatch of coal: Kiepersol

2010

• Q1–Wash Plant

Commissioned : Kiepersol

• 1st dispatch of washed coal

• Q3–1st ship load at Richards Bay : Kiepersol

OUR JOURNEY

2011

• Q1- Mining Concession : Mozambique

• Q2- Central Mine commission : Kiepersol

2012 • Q1- Mining Contract

signed: Mozambique

• Q2-Env Clearance: Mozambique

• 100 000T Anthracite: Kiepersol

• Sect 102 Approval: Kiepersol

2012

• Q3- 1st Coal

production: Mozambique

• CIC Acquisition: Botswana

• Q4- Mining Concession: Mozambique

OUR JOURNEY

Growth in Africa

Head Office: Gauteng (South Africa)

Regional Offices

South Africa

Botswana

Namibia

Mozambique

Madagascar

Tanzania

Zambia

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PS Background

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Turn Over US$ 17 billion

Operating Profit US$ 3.2 billion

Net worth US$ 6.65 billion

Total Assets US$ 21 billion

Market Cap US$ 27 billion

O.P. Jindal Group Financials

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Africa Ambitions

Jindal Africa is a fast-growing and significant part of indian multinational conglomerate Jindal Steel and Power Limited (JSPL)

• Part of the OP Jindal Group worth US$17 billion

• Strategy for realizing value

• Long term project development plan

Iron ore

Coal Copper

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Iron Ore Lime stone

Our Exploration Activities 13

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•Head Office in Bryanston, Gauteng

• Kiepersol Colliery: Mpumalanga [Operational]

•One of the largest producers of anthracite coal in South Africa • 1.5 million tonnes per annum • Private railway siding enables the mine to dispatch orders directly to clients and

exports • 800 employees

Our Operations

• Produces high quality anthracite

• Low sulphur & Phosphorous content, gives the mine a preferred supplier status for leading Ferro Alloys manufacturers

•Domestic and international metallurgical coal markets

Quality

• Expected Life span of at least 20 years

• 30 million tonnes of coal reserves

Looking Forward

Coal

South Africa

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• Jindal Africa Corporate office in Maputo

•Chirodzi mine & wash plant commissioned - Q1 2013

• 1st Export shipment – Q2 2013

•Current employment 1200 people working on site

• 3 MTPA during first year of operations

Our Operations

• Thermal grade coal

•Coking coal reserves

Quality

• Employ more than 2,000 locals

• Produce in excess of 10 million tonnes of high grade coal - 2013

•Construction of terminal and load out facility at Beira

•Capacity ramping up to 10MTPA (ROM)

Looking Forward

Coal

Mozambique

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Botswana – Jindal Mmamabula Energy Project

•Asset acquired from CIC Energy Corp. [Sep 2012]

•Drilled in excess of 217,000 metres in more than 2,100 holes over 7 year-period

• Technical and financial studies completed for 8 mining complexes

•Multiple studies completed for power generation options

Our Operation

Coal

•Resources total approximately 2.7 billion tonnes of coal, sufficient for developing:

o Jindal Mmamabula Energy Project (power stations)

o Export Coal Project (potential 17 mtpa)

o Coal-to-Hydrocarbons Project possibilities

Quality

• To develop the Mmamabula East complex to achieve the following:

• ROM potential 37MTPA

• Mine mouth power stations up to 3,600MW

• Employment opportunities 4500

Long term project development vision

Botswana – Mine Development Plans

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Botswana – Tonnage Schedule

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Botswana – Development of 3,600MW TPP

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3600 MW is proposed to be developed as under :

• Phase-I: 2 X 300 MW – 36/42 Months

• Phase-II: 2 X 300 MW

• Phase III: 3 x 800 MW

• Phase II and Phase III are dependent upon our discussions with Government of Botswana and SADC on the country’s & region’s power requirements

Detailed development plan of Phase – 1 is presented in following slides………….

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Education Bursaries

Building Schools & renovations

Uniform Distribution Learnerships

CSR

We give back

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Planning Ahead

• Expansion of Mining in Piet Retief

• Exploration activities in Africa

• Iron Ore mining in Melmoth

• Iron Ore mining in Namibia

• Coal Mining in Botswana

Mining

• Rail in Mozambique

• Port in Mozambique

• Potential Steel Plant in South Africa

Infrastructure

• Botswana

• Mozambique

Power

Thank You

Growing our spirit the African way

Tanzania

Madagascar

South Africa

Mozambique

Namibia Botswana

Zambia