Material Fact – Optional Redemption

Material Fact  

São Paulo, July 27, 2021  Companhia Siderúrgica Nacional (“CSN” or “Company”) (NYSE: SID and B3: CSNA3) today announced that its board of directors has approved an optional redemption by its Cayman Islands finance subsidiary, CSN Islands XII Corp., of all of its US$1.0 billion in aggregate principal amount of outstanding 7.00% guaranteed perpetual notes (the “Notes”). 

The Notes will be redeemed on September 23, 2021 (the “Redemption Date”) at a redemption price (the “Redemption Price”) equal to 100.00% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the Redemption Date. Notes held through The Depository Trust Company (“DTC”) should be surrendered for redemption in accordance with DTC’s procedures therefor. The Notice of Redemption of the Notes will be sent to all registered holders on July 28, 2021. Interest on the Notes will cease to accrue on and after the Redemption Date, subject to certain exceptions, and the only remaining right of holders of the Notes is to receive payment of the Redemption Price. 

This press release is for informational purposes only and does not constitute a notice of redemption of the Notes.

This press release may contain forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, including those related to the optional redemption. Forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future, and, accordingly, such results may differ from those expressed in any forward-looking statements. 

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For further information, please contact: 

Investor Relations
Marcelo Cunha Ribeiro
Chief Financial and Investor Relations Officer

Phone: (11) 3049-7585