SIDENOR S.A. informs the investment community that, pursuant to the resolutions of the Ordinary General Meeting of June 30th, 2009 of the shareholders of 90% subsidiary AEIFOROS SA with respect to the share capital increase of AEIFOROS SA by the amount of euro 411,600 through cash payment and the issuance of 137,200 new registered shares, which will be covered by the existing shareholders who will participate on a pro rata basis, it will participate in the aforementioned approved share capital increase by the amount of euro 370,440 through cash payment and will receive a total of 123,480 new registered shares. Upon completion of the aforementioned share capital increase, AEIFOROS S.A.'s share capital will amount 2,175,600 euro divided into 725,200 registered shares of 3.00 euro par value each and SIDENOR will own 352,680 shares (or 90%).
In addition SIDENOR notifies that pursuant to the resolutions of the Ordinary General Meeting of June 30th, 2009 of the shareholders of 50% subsidiary VEPEM SA, with respect to the share capital increase of VEPEM SA by the amount of euro 20,510 through cash payment and the issuance of 7,000 new registered shares, which will be covered by the existing shareholders who will participate on a pro rata basis, SIDENOR will participate in the aforementioned approved share capital increase by the amount of euro 10,255 through cash payment and will receive a total of 3,500 new registered shares. Upon completion of the aforementioned share capital increase, VEPEM S.A.?s share capital will amount 79,110 euro divided into 27,000 registered shares of 2.93 euro par value each and SIDENOR will own 13,500 shares (or 50%).