Correction to Interim Results

Steppe Cement Limited
07 September 2007



Steppe Cement Limited

Correction to Financial Statements


Please find below a correction to the Condensed Consolidated Income Statement
for Steppe Cement Ltd (the 'Company') for the period ended 30 June 2007. There
was a typographical error for the 'Cost of Sales' amount reported in the release
on 5 September 2007 which read (5,130). It should read (15,130) as shown below.



CONDENSED CONSOLIDATED INCOME STATEMENT

FOR THE PERIOD ENDED 30 JUNE 2007

                                         The Group                   The Company
                                      6 months ended               6 months ended
                                30.6.07           30.6.06        30.6.07      30.6.06
                       Note     USD'000           USD'000        USD'000      USD'000

Revenue                 5       38,671            28,605            50            -

Cost of sales                  (15,130)          (12,401)            -            -
                                --------         ---------     ---------     --------

Gross profit                    23,541            16,204            50            -

Selling expenses                (2,335)           (1,694)            -            -
General and                     (4,167)           (3,588)         (297)        (221)
administrative                  --------         ---------     ---------     --------
expenses

Operating profit/               17,039            10,922          (247)        (221)
(loss)

Investment income                   45                46             4            -
Finance costs                   (1,238)             (293)            -            -
Other income/(loss),              (252)              830             -           45
net                             --------         ---------     ---------     --------

Profit/(loss) before            15,594            11,505          (243)        (176)
tax

Income tax expense      6       (5,009)           (3,473)            -            -
                                --------         ---------     ---------     --------

Profit/(loss) for the           10,585             8,032          (243)        (176)
period                          ========         =========     =========     ========

Attributable to:
Shareholders of the             10,585             8,032          (243)        (176)
Company                         ========         =========     =========     ========

Earnings per share:

Basic (cents)           7         0.09              0.07
                                ========         =========
                                

The Company's Nominated Adviser is RFC Corporate Finance Ltd.


Contact: Stephen Allen, ph: [phone]



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