Ternium Named in CSN Lawsuit Seeking Tender Offer to Minority Holders of Usiminas Ordinary Shares

Ternium Named in CSN Lawsuit Seeking Tender Offer to Minority Holders of 
Usiminas Ordinary Shares 
LUXEMBOURG -- (Marketwire) -- 02/05/13 --  Ternium S.A. (NYSE: TX)
announced today that it was made aware by Tenaris S.A. (Tenaris) of
the filing of a lawsuit in Brazil by Companhia Siderurgica Nacional
(CSN) and various entities affiliated with CSN against Ternium
Investments S.ar.l., its subsidiary Siderar, and Confab Industrial
S.A. (Confab), a Brazilian subsidiary of Tenaris. The entities named
in the CSN lawsuit had acquired a participation in Usinas
Siderurgicas de Minas Gerais S.A. - USIMINAS (Usiminas) in January
2012.  
As informed by Tenaris, the CSN lawsuit alleges that, under
applicable Brazilian laws and rules, the acquirers were required to
launch a tag-along tender offer to all minority holders of Usiminas
ordinary shares for a price per share equal to 80% of the price per
share paid in such acquisition, or 28.8 Brazilian reais (BRL), and
seeks an order to compel the acquirers to launch an offer at that
price plus interest. If so ordered, the offer would need to be made
to 182,609,851 ordinary shares of Usiminas not belonging to Usiminas'
control group; Ternium Investments and Siderar's respective shares in
the offer would be 60.6% and 21.5%. None of the Ternium subsidiaries
named in the CSN lawsuit has yet been properly notified of the
claims.  
Ternium believes that CSN's allegations are groundless and without
merit, as confirmed by several opinions of Brazilian counsel and
previous decisions by Brazil's securities regulator Comissao de
Valores Mobiliarios, including a February 2012 decision determining
that the above mentioned acquisition did not trigger any tender offer
requirement. Accordingly, Ternium will defend itself vigorously. 
About Ternium 
Ternium is a leading steel company in Latin America, manufacturing
and processing a wide range of flat and long steel products for
customers active in the construction, home appliances, capital goods,
container, food, energy and automotive industries. With its principal
operations in Mexico and Argentina, Ternium serves markets in the
Americas through its integrated manufacturing system and extensive
distribution network. The Company has an annual production capacity
of approximately 10.8 million tons of finished steel products. More
information about Ternium is available at www.ternium.com. 
Sebastian Marti
Ternium - Investor Relations
+1 (866) 890 0443
+54 (11) 4018 2389
www.ternium.com 
 
 
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