APPOINTMENT OF NEW MANAGING DIRECTOR & CEO

Bisalloy Steel Group Limited (ASX:BIS) (Bisalloy) is pleased to announce the appointment of Mr Rowan Melrose to the position of Managing Director & CEO, effective from 1 March 2022.

Mr Melrose joins Bisalloy with an extensive background in mining, mining services, mining consumables and manufacturing. He has over 30 years of experience gained through leading organisations including Bradken, Robit Australia, Sandvik, Joy Manufacturing, Voest Alpine and Rio Tinto. Mr Melrose has successfully worked and managed businesses in Australia, SE Asia, China, India and New Zealand.

Prior to joining Bisalloy, Mr Melrose was Executive General Manager of Bradken Limited’s Mineral Processing and Fixed Plant division.

Mr Melrose holds a Bachelor of Engineering and a Master of Science from the University of NSW as well as a Master of Business Administration from Wollongong University.

Chairman of Bisalloy, Mr David Balkin AO said “We are delighted to secure a Managing Director & CEO of Rowan’s calibre and experience to lead Bisalloy through the next phase of growth. His experience across different geographies and the industries in which we compete will be of great benefit to Bisalloy”

Commenting on this appointment, Mr Melrose said “I am looking forward to taking on the leadership role at Bisalloy and working with the team at Bisalloy to ensure a bright future for the business. The company has an excellent reputation, and our products are already highly regarded across world markets.”

Information pertaining to remuneration arrangements for Mr Melrose is provided in Appendix A to this announcement.

Mr Michael Gundy, previously non-executive director of Bisalloy will continue to be the Interim Managing Director & CEO until Mr Melrose takes up the position on 1 March 2022.

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