30/12/2013

SIDENOR STEEL PRODUCTS MANUFACTURING COMPANY S.A.

Issuance of common bond loan

SIDENOR STEEL PRODUCTS MANUFACTURING COMPANY S.A. announces, according to article 16 par. 3 of Law 3556/2007, the refinancing of part of the existing loans SIDENOR Group through the issuance of new syndicated collateralized long-term bond loans amounting to 298.463.000 euro, with co-arrangers the four major Greek Banks, NATIONAL BANK OF GREECE S.A., ALPHA BANK S.A., EUROBANK ERGASIAS S.A. and PIREAUS BANK S.A., as follows:

-SIDENOR STEEL INDUSTRY S.A.: 179.800.000 euro

-CORINTH PIPEWORKS S.A.: 47.300.000 euro

-SOVEL S.A.: 71.363.000 euro

The loans, that represent approximately the 81% of the existing bank debt of the Greek companies of the Group, have 5 years maturity with an option of 2 years extension and have been issued according to L.3156/2003 and L.2190/1920, based on decisions of the respective General Shareholders Meetings.