SIDENOR SA informs the investment community that the Boards of Directors of the companies ''ERLIKON S.A.'' and ''ETAL S.A.'', which are SIDENOR subsidiaries by 98.92% and 98.43% respectively, decided at their meeting as at December 22, 2009 to commence procedures for the merger between the two subsidiaries via the absorption of ''ETAL S.A.'' by ''ERLIKON S.A.''.
December 31, 2009 has been determined as the date for the transition balance sheet accounts. The merger will be realized pursuant to the provisions Law 2166/1993 and Law 2190/1920.