Novel bainitic microstructures, consisting of slender ferrite plates (tens of nm) in a matrix of retained austenite, have reported maximum yield strength of 1.4 GPa, ultimate tensile strength of 2.2 GPa, 30% ductility and respectable levels of fracture toughness (∼51 MPa m0.5). The unusual combination of properties is attributed to the fine bainitic plates and the presence of retained austenite in the microstructure.