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 June 16th, 2016, the Board of Directors considers adopted
the decision transcribed on these minutes decided through electronic messages.
Board Members Participants Elias de Matos Brito, Chairman; Fumihiko Wada, Yoichi
Furuta, Paulo Penido Pinto Marques, Oscar Montero Martinez, Guilherme Poggiali Almeida,
Rita Rebelo Horta de Assis Fonseca, Francisco Augusto da Costa e Silva, and Luiz Carlos de
Miranda Faria. Secretary-General Bruno Lage de Arajo Paulino.
Agenda:
Items for Approval
I To deliberate on the call of an Extraordinary Shareholders Meeting to
deliberate on: (i) The homologation of the capital increase approved at the
Extraordinary Shareholders Meeting on April 18th, 2016, in the total amount of
R$1,000,000,000.00, through the consequent issuance of 200,000,000 common
shares; and, (ii) The amendment of the Heading of Article 5 of the Company
Bylaws, regarding the capital stock value and the quantity of shares in which it is
divided
The Board unanimously approved the call of an Extraordinary Shareholders Meeting, to be
held July 19th, 2016, at 1PM, at the Companys headquarters, located at Rua Professor Jos
Vieira de Mendona, 3.011, Engenho Nogueira, Belo Horizonte/MG, in accordance with the
material available at the Board Portal, in order to deliberate on the following Agenda:
1. Homologation of the capital increase approved at the Extraordinary Shareholders Meeting
on April 18th, 2016, in the total amount of R$1,000,000,000.00, through the consequent
issuance of 200,000,000 common shares, identical to the shares of this type that already
exist, all registered and with no par value, at the issuance price of R$5.00 per share;
2. Amending of the Heading of Article 5 of the Company Bylaws, regarding the capital stock
value and the quantity of shares in which it is divided, as per (i) the capital increase referred
on item 1 of the Agenda; and (ii) the capital increase carried out within the authorized
capital limits, approved by the Board of Directors on March 11 th, 2016 and partially
homologated on June 3rd, 2016, with the issuance and subscription of 39,292,918 class A
preferred shares, identical to the shares of this type that already exist, at the issuance price
of R$ 1.28 per share, totaling R$ 50,294,935.04; and
3. Amending of the 1 of Article 5 of the Company Bylaws, in order to reflect the
deduction, in the amount of shares corresponding to the authorized capital of the Company,
of the 39,292,918 class A preferred shares effectively issued in the capital increase
approved by the Board of Directors on March 11th, 2016 and partially homologated on June
3rd, 2016.
It is registered herein that the Call Notice and the Managements Proposal originally
submitted to the Board of Directors will be adjusted in order to reflect the abovementioned
approval.
The Call Notice will also be adjusted to make the following correction:
From
In any case, as the possibility of partial
homologation of such capital increase was
not
provided,
the
Extraordinary
Shareholders Meeting will only deliberate on
items 1 and 2 (ii) of the Agenda if, until the

To
In any case, as the possibility of partial
homologation of such capital increase was
not
provided,
the
Extraordinary
Shareholders Meeting will only deliberate on
items 1 and 2 (i) of the Agenda if, until the

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

date of such meeting, the Company has

received the confirmation of the effective
subscription of the totality of the new
common shares issued as per the capital
increase approved at the Extraordinary
Shareholders Meeting on April 18th, 2016.

date of such meeting, the Company has

received the confirmation of the effective
subscription of the totality of the new
common shares issued as per the capital
increase approved at the Extraordinary
Shareholders Meeting on April 18th, 2016.

Adjournment With no further business, the meeting was closed and the minutes were
drawn up in own Book with the signature of the Board Members and the Secretary. Belo
Horizonte, June 16th, 2016.