Shares and DRs

SHARES

Usiminas shares are traded on the B3, on Over-the-Counter Market (OTC) and on the Madrid Stock Exchange (Latibex). Its capital is divided into 1,253,079,108 shares, with 705,260,684  (56.28%) shares in common (voting) shares and 547.818.424 (43.72%) in preferred shares.

B3 (SÃO PAULO STOCK EXCHANGE)

• USIM3 – Usiminas Common
  Allows participation in the economic results of the company and concedes the holder to the right to vote in meetings.
• USIM5 – Usiminas Preferred “A”
  Offers the holder priority in receiving dividends or, in the case of the company’s dissolution, reimbursement of capital. It does not concede the right to vote in meetings.
• USIM6 – Usiminas Preferred “B”
  Offers the holder priority in receiving dividends or, in the case of the company’s dissolution, reimbursement of capital. It does not concede the right to vote in meetings. Basically similar to USIM5 – Usiminas Preferred “A”.

Usiminas adhered to Level I of B3’s Corporate Governance, making official and public the commitment already a part of its daily actions, which resulted in the benefit of advantages of a more transparent stock market.

ADR (AMERICAN DEPOSITARY RECEIPT)

• USNZY – Usiminas Preferred
  Equivalent to 1 (one) preferred share negotiated in Usiminas’ market of origin (B3).
• USDMY – Usiminas Common
  Equivalent to 1 (one) common share negotiated in Usiminas’ market of origin (B3).

In September 1994, USIMINAS launched the ADR program through its listing of 144-A. Later on in 2001, ADR Level I was requested and approved by the SEC (Security and Exchange Commission), agency in the United States corresponding to the Comissão de Valores Mobiliários in Brazil. ADR Level I of USIMINAS is negotiated on the over-the-counter market in the United States.

See a summary of the main characteristics of the ADR Level I program of USIMINAS:

• Symbols: USNZY (PN) and USDMY (ON)
• OTC Market
• Currency: USD – United States Dollar
• Depository Bank: BNY Mellon
• Custodian Bank: Banco Bradesco S.A.
• ADR ratio 1:1

LATIBEX (MADRID STOCK EXCHANGE)

• XUSI – Usiminas Preferred
  Offers the holder priority in receiving dividends or, in the case of the company’s dissolution, reimbursement of capital. Does not concede the right to vote in meetings.
• XUSIO – Usiminas Common
  Provides participation in the economic results of the company and concedes the holder the right to vote in meetings.