BlueScope Steel: FY26 preview: Expect a healthy distribution yield to be maintained

Research evidence excerpt

BlueScope Steel: FY26 preview: Expect a healthy distribution yield to be maintained

aterial and may trade them in ways

different from those discussed in this material. This material is not an advertisement for or marketing of any issuer, its products or services, or its

securities in any jurisdiction.

Confidentiality and Security Notice: This transmission may contain information that is privileged, confidential, legally privileged, and/or

exempt from disclosure under applicable law. If you are not the intended recipient, you are hereby notified that any disclosure, copying,

distribution, or use of the information contained herein (including any reliance thereon) is STRICTLY PROHIBITED. Although this

transmission and any attachments are believed to be free of any virus or other defect that might affect any computer system into which it is

received and opened, it is the responsibility of the recipient to ensure that it is virus free and no responsibility is accepted by JPMorgan Chase &

Co., its subsidiaries and affiliates, as applicable, for any loss or damage arising in any way from its use. If you received this transmission in

error, please immediately contact the sender and destroy the material in its entirety, whether in electronic or hard copy format. This message is

subject to electronic monitoring: https://www.jpmorgan.com/disclosures/email

MSCI: Certain information herein (“Information”) is reproduced by permission of MSCI Inc., its affiliates and information providers (“MSCI”)

©2026. No reproduction or dissemination of the Information is permitted without an appropriate license. MSCI MAKES NO EXPRESS OR

IMPLIED WARRANTIES (INCLUDING MERCHANTABILITY OR FITNESS) AS TO THE INFORMATION AND DISCLAIMS ALL

LIABILITY TO THE EXTENT PERMITTED BY LAW.