Wednesday, 31/10/2012

SIDENOR SA

ANNOUNCEMENT

The Boards of Directors of the Societes Anonymes SIDENOR S.A. and DEPAL S.A., a 100% subsidiary of SIDENOR SA, at their meetings held on 30/10/2012 have decided 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 DEPAL S.A. The transformation date has been set at 31/10/2012. The spin-off and the contribution of the sector will be realized in accordance with the provisions of L. 2166/1993 and C.L. 2190/1920.