CSN - Information on NAMISA
31 December 2008 - 8:57AM
PR Newswire (US)
RIO DE JANEIRO, Brazil, Dec. 30 /PRNewswire-FirstCall/ -- COMPANHIA
SIDERURGICA NACIONAL ("CSN" - BOVESPA: CSNA3; NYSE: SID) is pleased
to inform its respective shareholders and market participants that,
in addition to the Notice to the Market dated as of November 4,
2008 and to the Material Facts dated as of September 29, 2008,
October 17, 2008, October 21, 2008 and December 18, 2008, in
connection with the strategic partnership regarding Nacional
Minerios S.A. ("NAMISA"), the following: 1. On the date hereof, it
was closed the acquisition, by Big Jump Energy Participacoes S.A.
("BIG JUMP"), a corporation whose shareholders are ITOCHU
Corporation, JFE Steel Corporation, Nippon Steel Corporation,
Sumitomo Metal Industries, Ltd., Kobe Steel, Ltd, Nisshin Steel Co,
Ltd., and POSCO, of 40% of the voting and total capital stock of
NAMISA, a subsidiary of CSN, for the aggregate amount of
approximately US$3.08 billion. Approximately US$3.04 billion out of
such amount were used by BIG JUMP to pay in shares subscribed by
BIG JUMP in a capital increase of NAMISA upon issuance of new
shares. 2. The amounts received by NAMISA were used as payment to
certain amounts owed to CSN, in connection with the future sales of
crude iron ore (run of mine) and the rendering of port services
agreements entered into by CSN and NAMISA, and according to the
terms thereto. All agreements were negotiated on an arms-length
basis. 3. The difference between the transaction amount announced
on the statement of material fact dated October 21, 2008, of
US$3.12 billion, and the amount actually paid by BIG JUMP is a
result of balance sheet adjustments of NAMISA, contractually
established. 4. CSN maintained 60% of NAMISA's voting and total
capital. Investor Relations Companhia Siderurgica Nacional Phone:
55 11 3049-7588 E-mail: http://www.csn.com.br/ir DATASOURCE:
Companhia Siderurgica Nacional CONTACT: Companhia Siderurgica
Nacional Investor Relations, +011-55-11-3049-7588, Web site:
http://www.csn.com.br/ir
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