SIDMA STEEL SA

Share Capital Increase of the Subsidiaries

SIDMA S.A. informs the investors that on 15/11/2010 the Board of Directors decided the increase of the share capital of the 100% subsidiary SIDMA WORLDWIDE (CYPRUS) LIMITED in Cyprus. The increase amounts to 2.025.000 euro fully paid on cash. This amount is going to be used by the above company in order to participate in the share capital increase of the 100% subsidiaries SIDMA ROMANIA SRL in Romania and SIDMA BULGARIA S.A. in Bulgaria, for the improvement of the net worth capital of both companies.