Material Fact – Metalic Sale

Material Fact – Metalic Sale

COMPANHIA SIDERÚRGICA NACIONAL (BOVESPA: CSNA3; NYSE: SID) (“Company”), hereby informs its shareholders and market participants that, in complement to the statement of material fact dated 23 August 2016, it has closed the sale of one hundred percent (100%) of the shares issued by the Company’s subsidiary Cia. Metalic do Nordeste, with Corporate Taxpayers’ ID (CNPJ/MF) 01.183.070/0001-95, to Can-Pack Brasil Indústria de Embalagens Ltda., a Brazilian subsidiary of Can-Pack S.A., a Polish metal packaging producer.

The amount received by the Company is BRL 372,536,929.29, (three hundred and seventy-two million, five hundred and thirty-six thousand, nine hundred and twenty-nine Brazilian Reais, and twenty-nine cents), fully paid in cash in Brazilian Reais. Said amount is subject to a post-closing adjustment agreed in the share purchase agreement entered into by the Company and Can-Pack S.A.

Bradesco BBI and BB Banco de Investimento have acted as financial advisors to the Company in connection with the transaction.

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São Paulo, 30 November 2016

David Moise Salama
Investor Relations Officer