Material Fact – Sale of Metalic

Material Fact – Sale of Metalic

São Paulo, August 23, 2016 – COMPANHIA SIDERÚRGICA NACIONAL (BOVESPA: CSNA3; NYSE: SID) (“Company”), hereby informs its shareholders and market participants that it has concluded the negotiations and signed a share purchase agreement (“SPA”) with Can-Pack S.A. (“Can-Pack”) for the sale of one hundred percent (100%) of the shares issued by the Company’s subsidiary Cia. Metalic do Nordeste (“Metalic”), with Corporate Taxpayers’ ID (CNPJ/MF) 01.183.070/0001-95 (“Transaction”). Metalic is a company that produces and trades in metal packaging.

The base purchase price of the Transaction is USD 98 million, which is subject to adjustments agreed in the SPA. The price shall be fully paid in cash upon closing, in Brazilian Reais according to the exchange rate at closing.

Subject to the fulfilment of certain conditions precedent set forth in the SPA, which is common in this type of deal, closing is expected to take place on 30 September 2016.

Can-Pack is a key global metal packaging producer, and was founded in 1992 in Poland. It provides solutions for the beverages, food and chemical industries in Europe, Asia, and Africa.

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

In the interest of its shareholders and in line with the best corporate governance practices, the Company shall keep the market updated on relevant information related to the progress of the Transaction.

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São Paulo, 23 August 2016

Companhia Siderúrgica Nacional
David Moise Salama
Investor Relations Officer