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Announcement of Expiration of Tender Offer for Any and All 2020 Notes by CSN Resources S.A.

PR Newswire - Fri Jan 24, 6:31PM CST

Companhia Siderúrgica Nacional ("CSN") (NYSE:SID) announced today that the cash tender offer (the "Tender Offer") by its subsidiary, CSN Resources S.A. ("CSN Resources"), for any and all of its outstanding US$433,603,000 in aggregate principal amount of 6.50% Senior Unsecured Guaranteed Notes due 2020 (the "Notes") (144A CUSIP / ISIN Nos. 12644VAA6 / US12644VAA61 and Reg S CUSIP / ISIN Nos. L21779AA8/USL21779AA88), fully, unconditionally and irrevocably guaranteed by CSN, expired today at 5:00 p.m., New York City time (the "Expiration Time"). At the Expiration Time, valid tenders had been received with respect to US$263,046,000 in aggregate principal amount of Notes.

CSN Resources expects to accept and make payment for all Notes that at or prior to the Expiration Time were validly tendered on January 31, 2020.

Holders of Notes who validly tendered their Notes at or prior to the Expiration Time are eligible to receive US$1,020 per US$1,000 principal amount of Notes. In addition, accrued and unpaid interest from the last interest payment date to, but not including, the settlement date for the Notes will be paid in cash on all validly tendered and accepted Notes.

Disclaimer

This press release is for informational purposes only and does not constitute an offer to purchase or the solicitation of an offer to sell any securities.

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 Tender Offer. 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.

COMPANHIA SIDERÚRGICA NACIONALMarcelo Cunha RibeiroChief Financial and Investor Relations Officer

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates," "believes," "estimates," "expects," "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions and operating factors. Any changes in these assumptions or factors could cause actual results to differ materially from current expectations.

Contact: Tom Long tlong@dfking.com

https://c212.net/c/img/favicon.png?sn=NY00574&sd=2020-01-24

View original content:http://www.prnewswire.com/news-releases/announcement-of-expiration-of-tender-offer-for-any-and-all-2020-notes-by-csn-resources-sa-300993164.html

SOURCE CSN Resources S.A.

https://rt.prnewswire.com/rt.gif?NewsItemId=NY00574&Transmission_Id=202001241931PR_NEWS_USPR_____NY00574&DateId=20200124

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