COMPANHIA SIDERÚRGICA NACIONAL
Corporate Taxpayer's ID (CNPJ/MF): 33.042.730/0001-04
The Board of Directors of COMPANHIA SIDERÚRGICA NACIONAL authorized, on this date, a new share buyback program ("Share Buyback Program"), which will be held in treasury for subsequent sale or cancellation.
The Share Buyback Program shall respect the following limits and conditions, pursuant to the provisions of CVM Instructions 10/80 and 358/2002:
1355, 4º andar, Pinheiros, São Paulo/SP and Itaú USA Securities Inc.: 767 5th
Avenue - 50th Floor - in New York city.
VIII. The Board of Directors has entrusted the Company's Board of Executive Officers to take all necessary measures to implement the resolution, including the establishment of the most convenient date to start the share buyback.São Paulo, July 18, 2014.
Companhia Siderúrgica Nacional
David Moise Salama
Investor Relations Executive Officer
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