| 1. INTRODUCTION |

CSN – Companhia Siderúrgica Nacional (“CSN”) will make every effort to maintain the information and material in the site as precise, up to date and complete as possible. However, CSN shall not be responsible for eventual inaccuracies or omissions contained therein and will furthermore not take any responsibility for the use, application or processing that users may make of the aforementioned information.

For this reason, CSN does not accept responsibility for any decision or measure adopted based on the information contained in this website or any losses arising from such. Since the information contained in this site may be updated or changed at any moment and without prior notice, it shall not be interpreted to be definitive.

| 2. PRIVACY OF WEBSITE VISITORS |

CSN respects the privacy of the personal information of its website visitors, whether private individuals or corporate entities. You may visit this website and get acquainted with the services CSN offers, read reports, obtain news and information without having to provide any personal information. However, should such be the case, this policy purposes to clarify how CSN collects and handle your personal data. Since this policy is subject to occasional updating, CSN advises it be regularly consulted. a) Any information provided by the users shall be collected and stored according to strict security and reliability patterns. b) Personal data provided by the users shall be collected through ethical and legal means. Such collection may have one or more targets about which website users shall be informed. c) Users shall be advised that their data is being collected and they may choose whether they want to provide it or not, they will be further advised about the consequences of their decision. d) Unless a legal or judicial order is issued, information provided by users shall never be disclosed to third parties or used for purposes other than those for which it was collected. e) Access to collected information will be restricted to employees authorized to adequately use such data. Employees that unduly use such information, infringing this Privacy Policy, shall be subject to the penalties provided by its discipline procedure. f) CSN shall maintain the integrity of the information provided. g) This website has links to other external sites the content and privacy policies of which are not the responsibility of CSN. Moreover, the Company does not have access to information collected by "cookies"(*) existing in such sites. h) CSN requires any third parties hired to perform support services to adhere to its privacy standards. i) If it is necessary, CSN may use cookies(*) to confirm your ID, personalize your access and to check the use of this website aiming at improving its navigating and functioning conditions.

(*) Cookie: small archive put into your PC to keep track of moves within the websites, such as visits to homepages and advertisements.

| 3. USE OF THE WEBSITE AND ITS LINKS |

Under no circumstances will CSN be responsible for the use of its website or access to links indicated therein as well as acts practiced by the user that are based on information obtained from the website and links. CSN accepts no responsibility for either content or for policies / privacy practices of those sites that indicate this website and for those which the Company indicates.

| 4. NOTICE TO CURRENT SHAREHOLDERS, INVESTORS AND POTENTIAL INVESTORS |

The information about CSN contained in this website in no way represents an invitation to investors and neither does it propose to serve as a basis for financial investment decisions, whether they be made by private individuals or corporate entities.

This site may contain forecasts that merely reflect the outlook of the Company´s management. The terms "anticipate,” "believe,” “approximately,” “will continue,” “should,” "expect,” "estimate,” "strives for,” “can,” "plan,” “intend,” “forecast,” “foresee,” "project,” as well as other similar terms or similar expressions are designed to identify such forecasts, which evidently involve risks or uncertainties. Hence, the future results of the Company´s operations may diverge from the current forecasts and the reader should not base his/her decision exclusively on the information contained herein when making investments.

| 5. COPYRIGHT AND INTELLECTUAL PROPERTY |

This website contains texts, photographs and images that are protected by copyright or other intellectual property rights. These rights belong to CSN or were granted under license by their owners, thus permitting CSN to use this material as part of this website.

All the commercial trademarks included in this website are the property of CSN or those parties that granted the license for their use to the Company or were authorized by their owners for use in this website.

The reproduction of content described above is prohibited, except when prior authorization in writing is given by CSN, or when it is exclusively for personal use, and under no circumstances shall the user acquire any rights to the said content.

| 6. COMMENTS ON EBITDA |

EBITDA represents net income (loss) plus financial expense, net, social contribution and income taxes and depreciation and amortization. EBITDA should not be considered as an alternative to net income (loss), as an indicator of CSN operating performance, or as an alternative to cash flow as an indicator of liquidity. CSN management believes that EBITDA provides a useful measure of the Company’s performance that is widely used by investors and analysts to evaluate its performance and compare it with other companies. In making such comparisons, however, you should bear in mind that EBITDA is not a recognized measure under U.S. Accounting Principles (US GAAP) or Brazilian Accounting Principles (BR GAAP) and that it may be defined and calculated differently by different companies.

| 7. MODIFICATIONS OF THESE TERMS AND CONDITIONS |

CSN reserves the right to unilaterally modify the present Terms and Conditions at any time. In browsing through this website, you are accepting the prevailing Terms and Conditions and for this reason, you should check such each time that you visit this site.

| 8. DOUBTS |

If you have any doubts about the present document, please contact CSN by sending an e-mail to invrel@csn.com.br

| 9. APPLICABLE LAW AND JURISDICTION |

The present Terms and Conditions of Use are governed by the legislation of the Brazilian Republic. The users of the CSN website are subject to the Court of the Jurisdictional District of the Capital of the State of Rio de Janeiro.

Note: Having accessed this website and some of its pages, the user will have automatically accepted all the Terms and Conditions here laid down. Therefore, please cease the navigation and public searching of the pages of this website in the event of your not agreeing with all of the above Terms and Conditions.