Tuesday, 11/12/2012

ANNOUNCEMENT

RESOLUTIONS OF THE EXTRAORDINARY GENERAL

SHAREHOLDERS MEETING

SIDENOR SA announces the following: On Tuesday December 11, 2012 at 09:00am, the Company's Extraordinary General Shareholders Meeting was held at the PRESIDENT hotel, Kifissias Avenue, Athens. There were 5 shareholders present who represented 66.980.627 shares of the total 96.243.908 company outstanding shares, thus a 69.59% and they unanimously decided on the item on the Daily Agenda as following:

The approval of the spin-off of the industrial sector of SIDENOR SA, having as object of operation the processing of steel scrap for the production of long steel products and its contribution to a 100% subsidiary DEPAL, S.A. TRADING, REPRESENTATION AND PROCESSING OF METAL PRODUCTS, S.A. according to the provisions of article 1-5 of L.2166/1993 and the current legislation as regards the societe anonymes, the approval of the spin-off balance sheet as at 31.10.2012, the approval of the audit report and the ascertainment of the book value of the assets of the contributed sector of the certified auditor-accountant, the approval of the draft spin-off agreement, appointing at the same time the company's representative for the sign before the notary of the spin-off agreement.