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In view of Companhia Siderúrgica Nacional’s Shareholders at the Annual General Meeting held on 4/30/2007 approved the payment of (i) one hundred, seventy-four million, four hundred twenty-eight thousand, three hundred and sixty-three reais (R$174,428,363.00), as interest on share capital; and (ii) five hundred, ten million, eight hundred, thirty-three thousand, seven hundred, sixty-nine reais and nineteen centavos (R$510,833,769.19), as dividends, we announce to Shareholders the following:
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