Dear Sirs,

We are very pleased to inform you that National Iranian Steel Co.

in order to promote capabilities of steel producing and related mines, also

introducing investment opportunities in steel and mines sector to foreign

companies and investors, intends to organize an International Exhibition

from 16 to 19 April 2003 in the Tehran Permanent Int'l Fair Ground.

Considering the existing potentials in steel industry and related mines in

our country, this Exhibition is an excellent opportunity for displaying

foreign company's technical capabilities to Iranian steel producers.

In the next to Exhibition, a conference will be held too. The main objective

of the conference is to promote the transfer of steel technology by

presenting ideas, experiences and knowledge of industry of international

professional experts and the analysis of the problems and solutions for

steel trades by international market analyzer and economists.

The main topics of the conference will be informed soon.

We would like to extend our cordial invitation to you to attend this

important Exhibition and Conference. To register at the Exhibition, you are

kindly requested to inform the Secretariat of the Exhibition as soon as

possible.

For any further information please do not hesitate to contact us or visit

our website: http://www.rahyar.com/samin2003

We are looking forward to hearing from you.

Very truly yours,

Masoumeh Faraji (Miss)

Deputy Manager to Int'l Affairs

Iran's First Int'l Steel And Mines Exhibition Secretariat

Address: 6th floor, No 64, Karegar St., North Bahar St., Tehran 15637, Iran

Tel: +98-21 7532864, Fax: +98-21 7528354

http://www.rahyar.com/samin2003

samin@rahyar.com ■