PRESS CONFERENCEOn Financial Results for the 1st half,2007

8th August, 2007

NOTES:

* * 2007 Figure is only for the half year * 9 months after inception (QR 1,129) + 3 months before inception (QR 326)

CONSOLI DATED NET PROFI T (QR Million)

707

1,455

3,619

2,046

541

2,497

673

3,214

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

2000 2001 2002 2003 2004 2005 2006 20076 mths.

*

**

1

Reviewed Reviewed

(Amount expressed in QR'000)

30th J une 2007

%

30th J une 2006

(Restated) %

Sales 4,189,151 100.0% 3,677,921 100.0%

Cost of sales (2,072,606) -49.5% (1,974,615) -53.7%

Gross Profit 2,116,545 50.5% 1,703,306 46.3%

Selling expenses (61,655) -1.5% (56,743) -1.5%

General and administrative expenses (152,987) -3.7% (152,888) -4.2%

Operating Profit 1,901,903 45.4% 1,493,675 40.6%

Income from associates 10,921 0.3% 649 0.0%

Income from Investments 14,337 0.3% 7,935 0.2%

Other income 146,166 3.5% 122,413 3.3%

Finance charges (26,525) -0.6% (24,111) -0.7%

Net Profit for the Period 2,046,802 48.9% 1,600,559 43.5%

Attributable to:Equity Holders' of the Parent 2,046,486 1,599,358 Minority Interest 316 1,201 Total 2,046,802 1,600,559

Earnings per share (QR) 4.09 3.20 Number of Shares 500,000,000 500,000,000

INCOME STATEMENTINCOME STATEMENT

2

CONSOLI DATED SALES REVENUE (QR Million)

3,678

4,189

3,069

2,163

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

H1 2004 H1 2005 H1 2006 H1 2007

3

CONSOLI DATED NET PROFI T (QR Million)

951

1,0691,153

874 893

725

0

200

400

600

800

1,000

1,200

Q12006

Q32006

Q42006

Q12007

Q2 2006

Q2 2007

4

EARNI NGS PER SHARE (QR)

1.942.10

1.45

1.791.75

2.30

0.00

0.50

1.00

1.50

2.00

2.50

Q12006

Q32006

Q42006

Q12007

Q2 2006

Q2 2007

5

NET PROFI T BREAKDOWN

QAPCO34%

QAFCO40%

Qatar Steel15%

QAFAC11%

QAFCO43%

QAPCO30%

Qatar Steel23%

QAFAC4%

JUNE 2006

QR 1,599m

JUNE 2007

QR 2,046m

6

I Q CONSOLI DATED FI XED ASSETS (QR Million)

NOTE: 2007 FI GURES ARE AS AT 30TH J UNE 2007

2,959 2,697

1,333635 1,225

3,0573,890

353 663643

631

608

3,2932,6362,681

0

750

1,500

2,250

3,000

3,750

4,500

5,250

6,000

6,750

7,500

Dec.2003

Dec.2004

Dec.2005

Dec.2006

Plant & Machines Work-in-Progress Land/Building & Others

J une 2007

7

EXPANSION PROJECTS

8

MAJ OR PROJ ECTS

Project DetailsTotal Cost

(QRm)IQ share (QRm)

IRR (Expected)

Completion Year

1 Qatar Steel Expansion - Phase I 2,094 2,094 >18% 2007

2 QAPCO Ethylene Expansion I I 837 670 >17% 2007

3 QAPCO Qatofin 4,534 2,308 >19% 2008

4 IQ IQ Tower 700 700 >15% 2009

5 QAFCO QAFCO 5 3,650 2,738 >15% 2010

11,815 8,510

MI NOR PROJ ECTS

Project DetailsTotal Cost

(QRm)IQ share (QRm)

IRR (Expected)

Completion Date

1 Qatar Steel USCO, Bahrain 300 75 >33% 20072 QAFCO Qatar Melamine 602 271 >20% 2008

902 346 TOTAL EXPECTED COST

TOTAL EXPECTED COST

9

FUTURE PROJ ECTS

Project DetailsTotal Cost

(QRm)IQ share (QRm)

IRR (Expected)

1 Qatar Steel SMS (Billets) - 1 Furnace 1,275 1,275

2 Qatar Steel Expansion - Phase 2 3,095 3,095

3 Qatar Steel PC Strands 110 110 >34%

4 Qatar SteelI ron Ore Mining & Pelletization

8,576 643 >15%

5 QAPCO LDPE 3 Plant 910 728 >17%

13,966 5,851

26,683 14,707

TOTAL EXPECTED COST

TOTAL COST (ALL PROJ ECTS)

10

THANK YOU

For your Attendance.

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