Gerdau : announces new Corporate Director of Investor Relations

Press release

Gerdau announces the election, in meetings of the Boards of Directors of Gerdau S.A. and Metalúrgica Gerdau S.A., of Harley Scardoelli to the office of Corporate Director of Investor Relations, effecive July 15, 2015, in view of the resignation of André Pires de Oliveira Dias.

Harley Scardoelli is Gerdau's Corporate Director responsible for the Treasury, Finance and Planning departments. After the transition process, he will accumulate the activities of the Investor Relations, Accounting, Tax and Legal departments.

Mr. Scardoelli joined Gerdau in 1988, serving most of his career in the group's international operations (Canada, United States and Spain). He received bachelor's degrees in Civil Engineering from the Federal University of Rio Grande do Sul (UFRGS) and in Business Administration from the Pontifical Catholic University of Rio Grande do Sul (PUC-RS) and is a Chartered Financial Analyst (CFA) charterholder, which is considered by financial and capital markets the most important U.S. certification in the field of investment analysis.

The Boards of Directors thank André Pires for his important contributions to improving the processes under his leadership at Gerdau.

About Gerdau

Gerdau is the leading manufacturer of long steel in the Americas and a major global supplier of special steel. In Brazil, also produces flat steel and iron ore, activities that are expanding its product mix and the competitiveness of its operations. Gerdau has industrial operations in 14 countries - the Americas, Europe and Asia - with a combined installed capacity of more than 25 million tonnes of steel a year. It is also Latin America's biggest recycler and, worldwide, transforms millions of tonnes of scrap metal into steel every year, reinforcing its commitment to sustainable development in the regions where it operates. With more than 120.000 shareholders, Gerdau's shares are listed on the New York, São Paulo and Madrid stock exchanges.