Focal Point of the Great Lakes Region

Port of Algoma

Overview – Essar Global Fund Ltd’s Investments

1 Includes impact of 7 MTPA new capacity from Minnesota pelletization project and 6 MTPA new capacity at Paradip due to come online during CY 20142 Includes Rampia coal mine and excludes Amelia coal mine

PORTS & INFRASTRUCTURE SERVICESENERGY

Oil & Gas• #2 largest single location

refineries in India and UK• c.700k bpd / 37 MTPA

operating refining capacity • c.1,400 retail fuel outlets • 5+ TCF coalbed methane

reserves

Power• 3,910 MW operational capacity

increasing to 6,700 MW• Large scale assets in west,

central and east India• 460+ MT coal reserves2

• Secured long term PPAs

Ports• One of India’s largest ports

businesses• Strategic Partnership

Agreement with Port of Antwerp

• 5 major strategic locations on the east and west coasts of India

• Ownership of key infrastructure for EGFL assets

• 104 MTPA operational capacity• 194 MTPA planned capacity

Projects• $3bn+ order book• 40 year track record and global

operations• #2 largest equipment bank

in India

Shipping• #1 cape size shipping fleet in

India by size• 25 ships; 6 ships on order• 15 rigs, 4,200 chartered trucks

BPO• 55,000+ employees • 300+ global clients• 56 locations in 13 countries

Real Estate• Portfolio of 16mn sq.ft. in

residential, commercial and mixed use projects

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Resources• 2 bn tonnes of resources • 27 MTPA pellet capacity1

• 7 MTPA: Minnesota, USA

• 20 MTPA: Eastern India

Steelmaking & Marketing• 14 MTPA steelmaking capacity

• 10 MTPA India• 4 MTPA Canada

• #4 largest single site globally• 5 MTPA distribution capacity• 300 retail outlets across India

METALS & MINING

Salaya

Paradip I (Dry Bulk)

HaziraINDIA

BAY of BENGAL

INDIAN OCEAN

Paradip II (Coal)

Vadinar

Hinterland for Essar Ports

20 MTPA Dry Bulk Terminal at Salaya

23 MTPA Iron Ore Berths at Vizag 20 MTPA General Cargo Terminal at

Hazira 14 MTPA Coal Terminal at Paradip Liquid Storage Terminal (expansion) at

Vadinar

Operational

Under Construction

Under Development

58 MTPA Liquid Terminal at Vadinar 30 MTPA Dry Bulk / General Cargo

Terminal at Hazira 16 MTPA Dry Bulk Terminal at Paradip

Vizag (Iron Ore)

Current capacity of 104 MMTPA to be scaled up to 194 MMTPA

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Essar Ports: Overview

3 stand-alone ports on the West Coast and 3 terminals on the East Coast of India Presence in strategic locations of east and west coast, with bulk of the investments in the key state of Gujarat High visibility on revenue with long term Take-or-Pay contracts High operating margins at operating ports. Further scalability possible at most locations

India’s 2nd largest private sector ports company

Partnership with Port of Antwerp International

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Port of Antwerp is the 2nd largest port in Europe and gateway of many European economies.

The port handled 190 MMT of cargo in 2013.

Port of Antwerp and Essar Ports have entered into a Strategic Partnership Agreement

Port of Antwerp and Essar Ports will work together in the areas of: Training and consultancy services, Port planning, Traffic flows, Both companies will mutually assist in volume growth of their businesses Developing world class port facilities with focus on quality, productivity and environment Access to relationship with port operators and port based companies operating in Port of Antwerp

Port of Antwerp has numerous Memoranda of Understanding signed with other ports or countries:including Montreal, Nagoya, Rosmoport, Panama, Singapore, India (Essar Ports) and Oman (Duqm)

Port of Algoma

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A new company, Port of Algoma, is being set up under Essar Ports, to benefit from its capabilities as a major port company, and leverage the business and strategic relationships. Proven track record of a high quality port operator.

Strategic Partnership with Port of Antwerp to be extended to Port of Algoma, to put together a long term development plan, which can benefit the City of Soo and the Algoma region overall.

Benefits would include coming up of industries and logistics infrastructure in future, which could create thousands of jobs, and give a complete economic uplift to the City.

Essar to work with Port of Antwerp to develop maximum waterfront as berths, with a total back up land of more than 440 acres in Phase I (Pic. 1), going up to approximately 1,000 acres in future (Pic. 2), as requirements grow.

As a port company, Port of Algoma shall provide efficient and high quality port services to ESAI as well as all other local users as a multi user port, striving to serve big as well as small volume business.

Pic. 1 Pic. 2

Port of Algoma: Highlights

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Port of ALGOMA

Strategic location

Infrastructure

Mechanized Facilities

Direct Rail Access

Water Front and Backup

land

Essar Ports Management and expertise

Strategic location- On the Soo Canal on St. Mary’s River. An integral part of the Great Lakes waterway. Focal point of transportation from Lake Superior region to Lakes Huron and Michigan

Infrastructure - 1.3 km of dock length, with draft ranging from 6.7 to 9.2m. ~5.5MTPA of existing cargo

Mechanized facilities with high capacity conveyors, stacker cum reclaimers, loaders and unloaders. Expansion project to bring in further modernization and efficiencies, seeing margin expansion

Direct rail access- To the Trans Canadian Railway Waterfront and back up land available for further

development - Essar providing much larger waterfront and back up land (3.5km, 440 acres).

Essar Port Management Expertise in running some of the most modern dry and wet bulk terminals globally, and strategic tie up with Port of Antwerp, one of the largest ports in the world. Technical collaboration for Port planning and

development of facilities, Cargo potential mapping and facilitating tie up. Preparation of proposal for refurbishment &

expansion of facilities.

Location and Site

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Key Link for all Shipping between Lake Superior and Lakes Huron & Michigan

The harbor facility is comprised of various docks that are used for specific commodities as well as storage areas for inbound and outbound commodities

Dock Length Draft Cargo Storage AreaSteel Dock 110m + 147m 6.7m – 8.2m Steel Coils, Tar 13,500SqMOre & Coal Docks 875m 7.6m – 9.2m Iron Ore, Coal, etc. 62,400SqMCommercial Dock 60m 7.6m Limestone, Miscellaneous 16,820SqMExport Dock 184m 8.5m General Cargo, By-products 14,200SqMTotal 1,376m 6.7m – 9.2m 106,920SqM

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Port of Antwerp

The Antwerp Model of Development

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Gradual development of diverse industry and logistics units leading to added throughput of the port

The Multimodal Advantage

9Antwerp has leveraged on the location being well connected to the rail and barge routes

Potential for Algoma and the region

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Port of Antwerp Port of Algoma

1 Strategically located

2 Rail Connectivity

3 Road Connectivity

4 Barge Connectivity

5 Pipeline Connectivity x

6 Developed hinterland x

7 Strategic Tie-ups x

8 Diverse cargo flows x

Strong fundamentals existing, making it an exciting project to build upon

Comparing with a world class port like the Port of Antwerp, Port of Algoma has the basics inplace already, and shows great potential, if this can be developed further in a planned manner

The Port of Algoma Advantage

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Port of Algoma shall be a seaway depth, full service marine terminal, integrated with a fully serviced

industrial park with direct access to the Trans-Canada Highway and U.S.Interstate highway systems,

continental rail (CN & CP) networks and marine transportation access.

This international gateway development, situated in the centre of the North American continent, is a

globally competitive location for companies throughout Canada.

The Port of Algoma will directly support the regional and national economy by:

Optimizing the capacity, efficiency and safety of the existing transportation system;

Linking major markets with rural and remote communities, economic opportunities, resource development

areas, and service hubs;

Meeting the needs of the existing and emerging priority sectors to execute regional economic plans;

Enhancing connectivity among transportation modes including rail, road and marine;

Reducing emissions and other environmental impacts associated with transportation.

Furthermore, it significantly supports regional development and diversification along with enhancing Sault

Ste. Marie’s role as an economic and service hub.

Port of Algoma Snapshots10,000DWT Barge at Jetty

Export Dock

Steel Dock

Steel Loading Equipment

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