SID Companhia Siderurgica Nacional

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COMPANHIA SIDERÚRGICA NACIONAL

Publicly Held Company

Corporate Taxpayer’s ID No. 33.042.730/0001-04

NIRE 35-3.0039609.0

 

 

MATERIAL FACT

 

 

Companhia Siderúrgica Nacional ("CSN") hereby announces to its shareholders and the market in general, in continuity with the relevant fact released on October 30, 2023, that CSN has concluded, on this date, the acquisition of shares issued by Panatlântica S.A., a company registered with the Corporate Taxpayer’s ID under No. 92.693.019/0001-89 ("Panatlântica"), representing 18.61% of the total capital of Panatlântica (“Transaction”), at a total price of R$ 150,000,000.00 (one hundred and fifty million reais), to be paid in national currency in 6 (six) annual installments, the first on January 15, 2024 and the remaining installments on the five subsequent anniversaries of the closing date of the Transaction, as set forth in the Purchase and Sale Agreement of Shares and Other Covenants (“Purchase and Sale Agreement") signed on October 27, 2023.

 

As a result of the Transaction, and under the terms of the Purchase and Sale Agreement, CSN now holds shares issued by Panatlântica representing 29.91% of the share capital of Panatlântica. Also, as a result of the Transaction, it was signed on this date, between CSN and L.P. Aços Participações Ltda., registered with the Corporate Taxpayer’s ID under No. 53.199.162/0001-67, a Shareholders Agreement of Panatlântica.

 

The Transaction is part of CSN’s strategy in advancing in the value chain of the steel segment, increasing its competitivity upon the reinforcement of its distribution channels and levels of services to the final clients.

 

 

São Paulo, January 15, 2024.

 

 

Marcelo Cunha Ribeiro

Executive of Finance and Investor Relations

 

 

 

 

 

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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