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Usiminas Sede

Rua Prof. Jos Vieira de Mendona, 3.011


Engenho Nogueira
31310-260 Belo Horizonte, MG
T 55 31 3499-8000
F 55 31 3499-8899
www.usiminas.com

USINAS SIDERRGICAS DE MINAS GERAIS S/A - USIMINAS


CNPJ/MF 60.894.730/0001-05
NIRE 313.000.1360-0
Publicly Traded Company
Minutes of the Extraordinary Meeting of the Board of Directors of Usinas Siderrgicas de Minas
Gerais S/A - USIMINAS. On 17th, 2015, the Board of Directors considers adopted the decision
transcribed on these minutes and decided through electronic messages, sent by all the Board
Members which will be attached to the respective minutes and filed in the Board of Directors
minutes book.
Board Members Participants Paulo Penido Pinto Marques, Chairman; Fumihiko Wada, Eiji
Hashimoto, Roberto Caiuby Vidigal, Daniel Agustn Novegil, Alcides Jos Morgante, Rita Rebelo
Horta de Assis Fonseca, Jos Oscar Costa de Andrade and Marcelo Gasparino da Silva. SecretaryGeneral Bruno Lage de Arajo Paulino.
It is registered herein that the Board Members Roberto Caiuby Vidigal, Daniel Agustn Novegil,
Alcides Jos Morgante, Fumihiko Wada, Eiji Hashimoto, Rita Rebelo Horta de Assis Fonseca and
Marcelo Gasparino da Silva presented statements of vote which will be attached to the respective
minutes and filed in the Board of Directors minutes book.
It is also registered herein that the points proposed by the Board Member Marcelo Gasparino da
Silva in his statement of vote did not receive support by any other Member of the Board.
Agenda:
I To deliberate on (i) the Financial Statements of the fiscal year ended December 31,
2014; (ii) the Management Report about the companys business and the main
administrative facts of the year ended; (iii) the allocation of the Companys net income
of the 2014 fiscal year; (iv) the Companys Capital Budget for 2015; (v) the Management
Proposal for the payment of the payment of Dividends; and, (vi) the Definition of the
payment date
The Board approved, by the majority of its Members and with a contrary vote from the Board
Member Marcelo Gasparino da Silva, (i) the Financial Statements of the fiscal year ended
December 31, 2014; (ii) the Management Report about the companys business and the main
administrative facts of the year ended (with certain reserves and qualifications stated in the
statements of vote presented by the Board Members Fumihiko Wada and Eiji Hashimoto and
followed by the Board Member Paulo Penido Pinto Marques), to be submitted to the Annual
Shareholders Meeting, and authorized their issuance.
The Board, in accordance with the applicable corporate legislation in force and to the Companys
Bylaws, approved, by the majority of its Members and with a contrary vote from the Board
Member Marcelo Gasparino da Silva, the Board of Officers proposal, to be submitted to the
Annual Shareholders Meeting, for the distribution of the results of the fiscal year ended
December 31st, 2014, in the amount of R$129,552,446.45, as follows:
(a) R$6,477,622.32 to form the Legal Reserve (5%);
(b) R$30,768,611.03 to be allocated to the shareholders, by resolution taken at the meeting held
today, under the form of dividends, (R$0.029698 per common share and R$0.032668 per
preferred share);
(c) R$92,306,213.10 to be allocated to the Reserve for Investments and Working Capital, in view
of the investments of approximately R$ 900,000,000.00 forecasted for 2015, as detailed in the
Capital Budget:
(i) R$61,537,602.07, pursuant to the Companys Bylaws (art. 24, third paragraph); and,
(ii) R$30,768,611.03, pursuant to art. 196 of the Law 6.404/1976:

Capital Budget Breakdown


Coke Plant 2 Ipatinga
Slag Yard Cubato

2015
R$ thousand
138,000
88,000

Livro 04

Usiminas Sede
Rua Prof. Jos Vieira de Mendona, 3.011
Engenho Nogueira
31310-260 Belo Horizonte, MG
T 55 31 3499-8000
F 55 31 3499-8899
www.usiminas.com

Dredging of the channel of Piaaguera


Investments to maintain the Production Capacity
Other industrial projects
IT/R&D/HR/others Projects
CAPITAL BUDGET
Sources
Loans and Financing
Own Resources
Investments
Fixed Investments

34,000
325,000
237,000
78,000
R$ thousand
270,000
630,000

900,000

The Board also approved, by the majority of its Members and with a contrary vote from the Board
Member Marcelo Gasparino da Silva, to propose to the Annual Shareholders Meeting that
payment of the above mentioned dividends be made on June 26th, 2015. If the propose for the
allocation of the net income is approved at the Annual Shareholders Meeting, the Shareholders
that hold shares at the time of the Annual Shareholders Meeting will have the right to receive the
above mentioned dividends. After the date of such Meeting the shares will be traded exdividends.
II - Adjournment - With no further business, the meeting was closed and the minutes were
drawn up in Book 04 with the signature of the Board Members and the Secretary. Belo Horizonte,
February 17th, 2015. (aa) Paulo Penido Pinto Marques, Chairman; (aa) Fumihiko Wada; (aa) Eiji
Hashimoto; (aa) Daniel Agustn Novegil; (aa) Roberto Caiuby Vidigal; (aa) Alcides Jos Morgante;
(aa) Rita Rebelo Horta de Assis Fonseca; (aa) Jos Oscar Costa de Andrade; (aa) Marcelo
Gasparino da Silva. (aa) Bruno Lage de Arajo Paulino Secretary.

Livro 04

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