Article 1U.K.

The following measures, unlawfully implemented by Belgium in breach of Article 108(3) of the Treaty on the Functioning of the European Union, constitute State aid incompatible with the internal market:

(a)

sale of a stake in Duferco US Investment Corporation to Duferco Industrial Investment for EUR 11 581 700;

(b)

sale of a stake in Duferco Participations Holding Limited to [the company that controlled DPH at the time] for EUR 20 362 464;

(c)

purchase of a stake in Duferco Salvage Investments Holding, the beneficiary, for EUR [65-72 million].

(d)

loan to [the parent company of the Duferco Group at the time] for EUR 2 082 723 in principle, in so far as the interest rate applied to the loan is below than 3,502 %;

(e)

loan to Steel Invest & Finance for EUR 10 413 639 in principle, in so far as the interest rate applied to the loan is below 4,302 %;

(f)

purchase of a stake in Duferco Long Products, the beneficiary, for EUR 100 000 000 million.