BEIJING, June 26 /Xinhua-PRNewswire-FirstCall/ -- General Steel Holdings, Inc. ('General Steel'), ('Company'), (NYSE Arca: GSI), one of China's leading non-state owned steel product producers, announced today it is set to join the broad-market Russell 3000(R) Index when Russell Investments reconstitutes its comprehensive set of U.S. and global equity indexes at the close of the market on June 27, according to a preliminary list of additions posted on http://www.russell.com/ . Annual reconstitution of Russell's U.S. indexes captures the 4,000 largest U.S. stocks as of the end of May, ranking them by total market capitalization. Membership in the Russell 3000, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000(R) Index or small-cap Russell 2000(R) Index as well as the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes. 'We are extremely pleased to be included in the Russell Indexes and the expanded visibility this provides for our company,' commented Henry Yu, General Steel's CEO and Chairman. He further added, 'Our unique aggregation strategy provides investors an opportunity to benefit from China's expanding infrastructure build-out and current steel industry consolidation. Listing on the Russell Indexes is added confirmation we are on the right track toward reaching our goal of becoming one of China's largest and most profitable non- state owned steel companies.' The Russell 3000 also serves as the U.S. component to the Russell Global Index, which Russell launched last year. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $4.4 trillion in assets currently are benchmarked to them. About General Steel Holdings, Inc. General Steel Holdings, Inc., headquartered in Beijing, operates a diverse portfolio of Chinese steel companies. With 3 million tons aggregate production capacity, its companies serve various industries and produce a variety of steel products including rebar, hot-rolled carbon and silicon sheet and spiral-weld pipe. The Company has steel operations in Shaanxi province, Inner Mongolia Autonomous Region and Tianjin municipality. For more information, go to http://www.gshi-steel.com/ . About Russell Investments Russell Investments aims to improve financial security for people by providing strategic advice, world-class implementation, state-of-the-art performance benchmarks, and a range of institutional-quality investment products. With more than $213 billion in assets under management, Russell serves individual, institutional and advisor clients in more than 40 countries. Russell provides access to some of the world's best money managers. It helps investors put this access to work in corporate defined benefit and defined contribution plans, and in the life savings of individual investors. Headquartered in Tacoma, Wash., Russell has principal offices in Amsterdam, Auckland, Johannesburg, London, Melbourne, New York, Paris, San Francisco, Seoul, Singapore, Sydney, Tokyo and Toronto. For more information, go to http://www.russell.com/ . Information Regarding Forward-Looking Statements This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs about future events and financial, political and social trends and assumptions it has made based on information currently available to it. The Company cannot assure that any expectations, forecasts or assumptions made by management in preparing these forward-looking statements will prove accurate, or that any projections will be realized. Such forward-looking statements may be affected by inaccurate assumptions or by known or unknown risks or uncertainties. Actual results may vary materially from those expressed or implied by the statements herein. For factors that could cause actual results to vary, perhaps materially, from these forward-looking statements, please refer to the Company's Form 10-K, filed with the Securities and Exchange Commission, and other subsequent filings. Forward-looking statements contained herein speak only as of the date of this release. The Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether to reflect new information, future events or otherwise. For more information, please contact: Ross Warner General Steel Holdings, Inc. Tel: +86-10-5879-7346 (Beijing) Email: Skype: ross.warner.generalsteel.com Ted Haberfield HC International, Inc. Tel: +1-760-755-2716 (USA) Email: Web: http://www.hcinternational.net/ DATASOURCE: General Steel Holdings, Inc. CONTACT: Ross Warner of General Steel Holdings, Inc., +86-10-5879-7346 (Beijing), or , or Skype, ross.warner.generalsteel; or Ted Haberfield of HC International, Inc., +1-760-755-2716, or , for General Steel Holdings, Inc. Web site: http://www.gshi-steel.com/ http://www.russell.com/

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