OREANDA-NEWS. February 1, 2012. Companhia Siderurgica Nacional (“CSN”), pursuant to Article 157, Paragraph 4 of Law 6404/76 and CVM Instruction 358/02, and complementing the Material Facts disclosed on December 9, 2010, May 19, 2011 and September 15, 2011, hereby informs its shareholders and the market that, on this date, its wholly owned subsidiary CSN Steel S.L., which is based in Spain and concentrates the Company‘s operational assets in Europe, acquired all the shares held by Grupo Alfonso Gallardo, S.L.U. (“Gallardo Group”) in Stahlwerk Thuringen GmbH (“SWT”) and Gallardo Sections S.L.U. (“Transaction”).

The Transaction involved the operational assets located in Germany among the ones which had been contemplated in the share purchase agreement executed on May 19, 2011 with Gallardo Group, and concluded in a satisfactory manner the discussions between the parties regarding different interpretations of such agreement.

The total amount of the Transaction amounted to EUR482.5 million, under the assumption of zero of indebtedness.

SWT is a long steel manufacturer located in Unterwellenborn, Germany, which produces steel sections and has an installed production capacity of 1.1 million tonnes per year.

The conclusion of this acquisition will contribute to strengthen CSN’s position in the long steel segment, reinforcing the Company’s world-class asset portfolio.