LUXEMBOURG--(Marketwired - May 6, 2015) - The annual general meeting and the extraordinary general meeting of shareholders of Ternium S.A. (NYSE: TX), which were held today in Luxembourg, approved all resolutions on each meeting's agenda.

Among other resolutions adopted at the annual general meeting, the shareholders approved the consolidated financial statements for the year ended December 31, 2014. Notwithstanding the foregoing, the general meeting was informed of the previously-reported discussions with the U.S. Securities and Exchange Commission (SEC) regarding the carrying value of Ternium's investment in Usiminas.

The shareholders also approved the unconsolidated annual accounts for the year ended December 31, 2014 and the proposed dividend of US$0.090 per share (US$0.90 per ADS), or approximately US$180.4 million. The dividend will be paid on May 15, 2015, and the corresponding record date will be May 12, 2015.

The shareholders resolved to reduce the number of board members to eight and re-elected Ubaldo Aguirre, Roberto Bonatti, Carlos Condorelli, Pedro Pablo Kuczynski, Adrian Lajous, Gianfelice Mario Rocca, Paolo Rocca and Daniel Agustín Novegil as members of the board of directors to serve until the next annual shareholders meeting that will be convened to decide on the 2015 accounts. The meeting also re-appointed PricewaterhouseCoopers, Societé coopérative, Cabinet de révision agréé, as Ternium's independent auditor for the 2015 fiscal year.

The board of directors subsequently re-appointed Paolo Rocca as its chairman and Daniel Novegil as Ternium's chief executive officer, and confirmed Ubaldo Aguirre, Pedro Pablo Kuczynski and Adrián Lajous as members of the board's audit committee, with Mr. Aguirre to continue chairing that committee. All three members of the audit committee qualify as independent directors under our articles of association.

The extraordinary general meeting of shareholders, also held today, resolved to renew the validity period of the Company's authorized unissued share capital, granted related authorizations and waivers, including to suppress or limit pre-emptive subscription rights by the existing shareholders, and approved the corresponding amendments to Tenaris's articles of association to reflect such resolutions. Copies of the amended articles of association may be obtained by contacting the Company's registered office in Luxembourg.

For a summary of the resolutions adopted at the meetings, please see the report on Form 6-K submitted to the SEC, available through http://www.sec.gov/.

About Ternium

Ternium is a leading steel producer in Latin America, with an annual production capacity of approximately 11.0 million tons of finished steel products. The company manufactures and processes a broad range of value-added steel products for customers active in the construction, automotive, home appliances, capital goods, container, food and energy industries. With production facilities located in Mexico, Argentina, Colombia, the southern United States and Guatemala, Ternium serves markets in the Americas through its integrated manufacturing system and extensive distribution network. In addition, Ternium participates in the control group of Usiminas, a Brazilian steel company. More information about Ternium is available at www.ternium.com.