COMPANHIA SIDERÚRGICA NACIONAL (“CSN”) hereby informs its shareholders and the public in general that it has adhered to the tax installment repayment programs provided for by Law 11941/09 and Provisional Measure (“Medida Provisória”) 470/09 – Installment Repayment Programs.
Management’s decision took into account matters which had already been resolved by the superior courts, as well as the opinion of the Company’s internal and external legal advisors regarding the chances of success in ongoing legal disputes.
Certain aspects of the Installment Repayment Programs are still subject to approval by the respective authorities, which should occur as of 2010.
In addition, as part of its adherence to the Installment Repayment Programs, the Company has settled judicial and administrative claims related to the benefits of IPI (federal VAT) Premium tax credits on export transactions and to the right to IPI tax credits on purchases of raw materials subject to a zero tax rate and non-taxable.
Management believes that adherence to the Installment Repayment Programs represents an important step towards the resolution of the Company’s judicial disputes, which should bring short-, medium- and long-term benefits for CSN.
Rio de Janeiro, December 8, 2009
Companhia Siderúrgica Nacional
Paulo Penido Pinto Marques
Investor Relations Officer
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