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