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____
COMPANHIA SIDERÚRGICA NACIONAL
CORPORATE TAXPAYER’S ID (CNPJ) 33.042.730/0001 -04
COMPANIES REGISTRY (NIRE) 33300011595
NOTICE TO SHAREHOLDERS
PAYMENT OF DIVIDENDS
In view of the Companhia Siderúrgica Nacional’s Board of Directors’ approval, pursuant to article 31 of its Bylaws and article 204 of Law 6,404/76, as advance of the minimum mandatory dividend, the payment of dividends to shareholders in the amount of R$160,000,000.00 (one hundred sixty million reais) to the account of income computed in the balance sheet as of June 30, 2008, we announce the following to Shareholders:
| 1. |
The holders of Company’s shares as of August 20, 2008 are entitled to receive dividends at the ratio of R$0.207935 per outstanding share of capital stock on the date hereof, not being subject to withholding income tax – IRRF, pursuant
to the applicable legislation. |
| 2. |
Dividends will be available to Shareholders domiciled in Brazil as of August 27, 2008, with no monetary restatement, at their banking domiciles as informed to the depositary institution, Banco Itaú S.A. |
| 3. |
Shareholders users of fiduciary custody will have dividends credited in accordance with the procedures adopted by the Stock Exchanges. |
| 4. |
Shareholders whose register does not include the Individual Taxpayer’s ID (CPF) / Corporate Taxpayer’s ID (CNPJ) or banking information (bank/account number) will have dividends credited within three (3) business days as of the due
regularization of respective registers at branches of Banco Itaú S.A. |
| 5. |
Shareholder Service locations: Branches of Banco Itaú S.A., Shareholders service department, during banking hours. |
| 6. |
We point out that as of August 21, 2008, inclusive, these shares will be traded ex- dividend at the Stock Exchanges. |
Rio de Janeiro, August 14, 2008.
Companhia Siderúrgica Nacional
Otávio de Garcia Lazcano
Investor Relations Officer
COMPANHIA SIDERÚRGICA NACIONAL |
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By: |
/S/ Benjamin Steinbruch
|
|
Benjamin Steinbruch
Chief Executive Officer |
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By: |
/S/ Otávio de Garcia Lazcano
|
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Otávio de Garcia Lazcano
Chief Financial Officer and Investor Relations Officer |
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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.