Usiminas Belo Horizonte Rua Prof. José Vieira de Mendonça, 3011 31310-260 Belo Horizonte MG

T 55 31 3499-8000

F 55 31 3499-8899

www.usiminas.com

USINAS SIDERÚRGICAS DE MINAS GERAIS S.A. - USIMINAS

Publicly Traded Company CNPJ/MF 60.894.730/0001-05 NIRE 313.000.1360-0

MATERIAL FACT Usinas Siderúrgicas de Minas Gerais S.A. - USIMINAS ("Usiminas" or "Company"), hereby, in addition to the Material Fact dated January 10, 2017, announces that on this date an Extraordinary General Meeting of its subsidiary MINERAÇÃO USIMINAS S.A. ("MUSA") was held, in which its shareholders unanimously approved the proposal for the reduction of MUSA's capital stock in the amount of one billion reais (R$ 1,000,000,000.00), as it was deemed excessive, pursuant to articles 173 and 174 of Law No. 6,404/1976 ("Capital Reduction"), and also consequently approved the amendment of article 5 of its Bylaws, so that its wording may reflect the aforementioned Capital Reduction.

Once the procedures for the Capital Reduction have been completed, the corresponding amounts for reimbursement of capital will be delivered to MUSA's shareholders proportionally to their participation in the capital stock of MUSA, being due to the Company the amount of seven hundred million reais (R$700,000,000.00) in cash, thus excluding one of the hypotheses of early maturity of the definitive documents for the renegotiation of the Company's debts, as informed in the Material Fact dated 09.09.2016.

Belo Horizonte, March 3rd, 2017.

Ronald Seckelmann

Vice President of Finance and Investor Relations

USIMINAS - Usinas Siderúrgicas de Minas Gerais SA published this content on 03 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 03 March 2017 21:13:14 UTC.

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