CSN - Information on NAMISA

RIO DE JANEIRO, Brazil, Dec. 30  /PRNewswire-FirstCall/ -- COMPANHIA SIDERURGICA NACIONAL ("CSN" - BOVESPA: CSNA3; NYSE: SID) is pleased to inform its respective shareholders and market participants that, in addition to the Notice to the Market dated as of November 4, 2008 and to the Material Facts dated as of September 29, 2008, October 17, 2008, October 21, 2008 and December 18, 2008, in connection with the strategic partnership regarding Nacional Minerios S.A. ("NAMISA"), the following:

1.  On the date hereof, it was closed the acquisition, by Big Jump Energy Participacoes S.A. ("BIG JUMP"), a corporation whose shareholders are ITOCHU Corporation, JFE Steel Corporation, Nippon Steel Corporation, Sumitomo Metal Industries, Ltd., Kobe Steel, Ltd, Nisshin Steel Co, Ltd., and POSCO, of 40% of the voting and total capital stock of NAMISA, a subsidiary of CSN, for the aggregate amount of approximately US$3.08 billion. Approximately US$3.04 billion out of such amount were used by BIG JUMP to pay in shares subscribed by BIG JUMP in a capital increase of NAMISA upon issuance of new shares.

2.  The amounts received by NAMISA were used as payment to certain amounts owed to CSN, in connection with the future sales of crude iron ore (run of mine) and the rendering of port services agreements entered into by CSN and NAMISA, and according to the terms thereto. All agreements were negotiated on an arms-length basis.

3.  The difference between the transaction amount announced on the statement of material fact dated October 21, 2008, of US$3.12 billion, and the amount actually paid by BIG JUMP is a result of balance sheet adjustments of NAMISA, contractually established.

  4.  CSN maintained 60% of NAMISA's voting and total capital.

  Investor Relations
  Companhia Siderurgica Nacional
  Phone: [phone]
  E-mail: http://www.csn.com.br/ir

DATASOURCE: Companhia Siderurgica Nacional



CONTACT:  Companhia Siderurgica Nacional Investor Relations,

+011-55-11-3049-7588, 



Web site:  http://www.csn.com.br/ir 

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