Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
EXCERPT OF THE MINUTES OF THE GENERAL EXTRAORDINARY MEETING OF COMPANHIA SIDERÚRGICA NACIONAL’S BOARD OF DIRECTORS HELD ON SEPTEMBER 17, 2004, WRITTEN AS A SUMMARY.
NIRE: 33300011595
| 1. | Date: September 17, 2004. |
| 2. | Time: 10:00 am. |
| 3. | Place: Av. Presidente Juscelino Kubitschek, nº 1830, Torre I, 14º andar, São Paulo, SP. |
| 4. | Attendance: Benjamin Steinbruch (President), Jacks Rabinovich, Antonio Francisco dos Santos, Fernando Perrone, Mauro Molchansky, Darc Antonio da Luz Costa, Yoshiaki Nakano, Edmar Lisboa Bacha and Cláudia Maria Sarti (Secretary of the Meeting). |
| 6. | Business Resolved: 6.1 – Issuance of Notes – the Company’s Board of Directors (“Board”) approved the (i) incorporation of a new subsidiary in the Cayman Islands, with the following structure: (a) Denomination: CSN Islands IX Corp.; (b) Directors: Marcelo Pereira Malta de Araujo, Lauro Henrique Campos Rezende, Otavio de Garcia Lazcano, Marcos Marinho Lutz and Vasco Augusto Pinto da Fonseca Dias Junior; and (c) Officers: Lauro Henrique Campos Rezende, Otavio de Garcia Lazcano, Marcos Marinho Lutz and Caledonian Bank & Trust Limited; (ii) issuance of Notes, by the subsidiary CSN Islands IX Corp., in the amount of up to (inclusive) US$200.000.000,00 (two hundred million Dollars, United States currency), under best efforts placement, at a maximum interest rate of 10% per year, for a 10 (ten) years period (January 2015), under coordination of Citibank Global Markets Inc., with fees of 0,40% (“CSN Islands IX Issuance”); (iii) the guarantee to be granted by the Company in the CSN Islands IX Issuance. The Board granted powers to the members of the Board of Executive Officers in order to, individually or jointly, to carry out all acts required to become effective such approval, including, but not limited to the guarantee, ratifying all acts carried out by the Officers of the Company in that connection. Subsequently, the Board approved, under the rules of Sarbanes-Oxley Act, to hire Deloitte Touche Tohmatsu Auditores Independentes so as to render services required to the issuance of such Notes, including, but not limited to the Offering Memorandum and the issuance of Comfort Letter, authorizing the members of the Board of Executive Officers, individually or jointly, to negotiate, contract and execute all and any documents related to such agreement. I certify that the resolutions transcribed hereunder are true to the original of the minutes filed in the Company’s headquarters. |
COMPANHIA SIDERÚRGICA NACIONAL
________________________________
Cláudia
Maria Sarti
Secretary of the
Meeting
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COMPANHIA SIDERÚRGICA NACIONAL
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| By: |
/S/
Otavio de Garcia Lazcano
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Otavio de Garcia Lazcano
Principal Financial Officer
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