SID Companhia Siderurgica Nacional

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COMPANHIA SIDERÚRGICA NACIONAL

Publicly-held Company Corporate

Taxpayer ID (CNPJ/ME) No. 33.042.730/0001-04

Company Registry (NIRE) No. 35-3.0039609.0

 

 

MATERIAL FACT

 

 

 

Companhia Siderúrgica Nacional (B3: CSNA3; NYSE: SID) (“CSN” or “Company”), following the market announcement dated October 16, 2024, hereby informs its shareholders and the market in general that, in a Board of Directors meeting held on November 5, 2024, the execution of a Share Purchase Agreement for the sale of 589,304,801 common shares issued by CSN Mineração (B3: CMIN3) (“CMIN”) held by the Company ("Shares") to Itochu Corporation (the “Transaction”), was approved. The price per share of R$ 7.50 (seven reais and fifty centavos) will be paid in cash by Itochu Corporation to CSN on the date of the transfer of the Shares, totaling a value of R$ 4,419,786,007.50.

 

The Transaction has already been approved by the Brazilian Administrative Council for Economic Defense (CADE). The Company estimates that the transfer of the Shares will take place on November 12, 2024. On the same date, the CMIN Shareholders' Agreement will be amended to bind the shares acquired by Itochu Corporation, without altering the rights of the parties in that agreement. Thus, CSN believes that CMIN’s governance and control structure will not be affected.

 

CSN commits to keeping its shareholders and the market in general duly informed about any relevant developments related to the Transaction, in accordance with applicable legislation.

 

 

São Paulo, November 6, 2024

 

 

Antonio Marco Campos Rabello

Chief Financial and Investor Relations Officer

Companhia Siderúrgica Nacional 

 

 

 

 

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

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