2001 Annual Report - OneSteel

Directors’ DeclarationThe directors declare that:(a) the financial statements and associated notes comply with Accounting Standards and Urgent Issues Group Consensus Views;(b) the financial statements and notes give a true and fair view of the financial position as at 30 June 2001 and performance of thecompany and consolidated entity for the year then ended;(c) in the directors’ opinion;(i) there are reasonable grounds to believe that the company will be able to pay its debts as and when they become due andpayable, and the companies and parent entity who are party to the deed described in note 31, will together be able to meetany obligations or liabilities to which they are, or may become subject to, by virtue of the deed of cross guarantee dated22 May 2001; and(ii) the financial statements and notes are in accordance with the Corporations Act (2001), including sections 296 and 297.Made in accordance with a resolution of the directors.Peter SmedleyChairmanRobert EveryManaging DirectorSydney21 August 200132