CSN Announces Share Buyback

Share Name	Share Symbol	Market	Type
State Bank of India	TG:SID	Tradegate	Ordinary Share

Share Name

Share Symbol

Market

Type

State Bank of India

TG:SID

Tradegate

Ordinary Share

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	4.50	5.08%	93.00	92.50	93.00	92.50	91.00	91.00	126	22:50:18

Price Change

% Change

Share Price

Bid Price

Offer Price

High Price

Low Price

Open Price

Shares Traded

Last Trade

4.50

5.08%

93.00

92.50

93.00

92.50

91.00

126

22:50:18

CSN Announces Share Buyback

20/03/2008 11:54pm

PR Newswire (US)

State Bank of India (TG:SID)
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SAO PAULO, Brazil, March 20 /PRNewswire-FirstCall/ -- CSN (Bovespa: CSNA3, NYSE: SID), Company that combines steel, mining, infrastructure and cement businesses, announces that the Board of Directors authorized, on this date, the acquisition of up to 10,800,000 Company shares to be held in treasury for subsequent sale or cancellation. The acquisition shall obey the following limits and conditions, pursuant to CVM Instruction 10/80: I - The Company's objective: to maximize the creation of shareholder value through efficient capital structure management. II - Number of shares to be acquired: up to 10,800,000. III - Maximum term for the completion of the authorized operations: to April 28, 2008. IV - Number of shares outstanding: 455,343,843 V - Acquisition location: Sao Paulo Stock Exchange - BOVESPA VI - Maximum share price: the price may not exceed the stock market price. VII - Brokers: Itau Corretora de Valores S.A., Pactual CTVM S.A. and Credit Suisse First Boston CTVM S.A. Rio de Janeiro, March 20, 2008. Companhia Siderurgica Nacional Otavio de Garcia Lazcano Investor Relations Officer DATASOURCE: Companhia Siderurgica Nacional CONTACT: Investors Relations of Companhia Siderurgica Nacional, +55-11-3049-7591, Web site: http://www.csn.com.br/ir

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SID State Bank of India