Athens, Tuesday May, 27, 2014

SIDENOR STEEL PRODUCTS MANUFACTURING COMPANY S.A. 

ANNOUNCEMENT

RESOLUTIONS OF THE

ANNUAL ORDINARY GENERAL SHAREHOLDERS MEETING

SIDENOR SA announces the following: On Tuesday May 27, 2014 at 14:00 pm the Company's Annual Ordinary General Shareholders Meeting was held at the PRESIDENT hotel, Kifissias Avenue 43 Athens. There were 34 shareholders present who represented 72,308,102 shares of the total 96,243,908 company outstanding shares thus a 75.13% and the General Meeting took decisions on the following items of the Daily Agenda:

1.            Approval of the annual financial statements, for the Company's financial year 2013, the reports of the Directors and the Certified Auditors on them,  as well as the restated financial statements of the financial year 2012, due to the amendment of IAS 19 “Employee Benefits”. (Voted: 72,308,102 (100% of the shareholders presented), votes pro 72,308,102 (thus 100% of the shareholders presented)).

2.            Approval of the discharge the Directors and the Certified Auditors from all responsibility for damages regarding the financial year 2013. (Voted: 72,308,102 (100% of the shareholders presented), votes pro 72,308,102 (thus 100% of the shareholders presented)).

3.            The election as company's chartered auditor for the fiscal year 2013 of the Audit Firm «PRICEWATERHOUSE COOPERS» and approval of its remuneration. (Voted: 72,265,976 (99.94% of the shareholders presented), votes pro 71,415,835 (thus 98.77% of the shareholders presented), votes against 850,141 (thus 1.17% of the shareholders presented), abstain from voting 42,126 votes (thus 0.06% of the shareholders presented)).

4.            The election of the members of the new Board of Directors, as follows: George Kalfarentzos, Nikolaos Koudounis, Efstathios Striber, independent non executive member, George Passas, Ioannis Oikonomou, Vassileios Papantoniou, Nikolaos Mariou, Georgios Soulitzis, Andreas Kyriazis, independent non executive member. (Voted: 72,308,102 (100% of the shareholders presented), votes pro 72,308,102 (thus 100% of the shareholders presented)).

5.            The election of the members of the Audit Committee according to art.37 of L3693/2008, as follows: Georgios Passas, Ioannis Oikonomou, Andreas Kyriazis, independent, non executive member (Voted: 72,308,102 (100% of the shareholders presented), votes pro 72,304,952 (thus 99.99% of the shareholders presented), votes against 3,150 (thus 0.01% of the shareholders presented).

6.            The approval according to article 24§2 of Codified Law 2190/1920 of the remuneration paid to members of the Board of Directors (Voted: 72,308,102 (100% of the shareholders presented), votes pro 72,287,402 (99.97% of the shareholders presented), votes against 20,700 (thus 0.03% of the shareholders presented) ).

7.            The change the corporate name and the object of the company and the amendnment of the pertinent articles 1 and 3 of its Articles of Association. Based on management's estimation, change of company's object will not affect its financial position. (Voted: 72,308,102 (100% of the shareholders presented), votes pro 72,308,102 (thus 100% of the shareholders presented)).

8.            There are no further announcements for the shareholders.