SUMMARY OF THE RESOLUTIONS TAKEN AT THE BOARD OF DIRECTORS’ MEETING OF COMPANHIA SIDERÚRGICA NACIONAL ON AUGUST 6, 2009.

1 – Resignation of Board Member – The Board acknowledged the resignation of Board Member Mr. Mauro Molchansky and conveyed the Company’s gratitude for the invaluable services rendered.

2- Resignation of Executive Officers - The Board unanimously accepted the resignation of Messrs Pedro Felipe Borges Neto and Isaac Popoutchi from the position of Executive Officers for strictly personal reasons, and conveyed the Company’s gratitude for their dedication and invaluable services rendered during their period working for the Company.

3 – Board of Executive Officers – The Board approved the re-election of (i) Mr. BENJAMIN STEINBRUCH, Brazilian, married, industrialist, holder of ID card (RG) no. 3.627.815 -4 SSP/SP and Individual Taxpayers ID (CPF/MF) no. 618.266.778 -87, domiciled at Av. Brigadeiro Faria Lima nº 3.400, 20º andar, in the city and state of São Paulo, as Chief Executive Officer; (ii) Mr. ENÉAS GARCIA DINIZ, Brazilian, married, engineer, holder of ID card (RG) no. 04.746.432 -6 IFP/RJ and Individual Taxpayers ID (CPF/MF) no. 657.575.057 -53, domiciled at Rod. BR 393 – Lúcio Meira Km 5,001 – s/nº - Vila Santa Cecília – in the city of Volta Redonda, as Executive Officer in charge of Production; and (iii) Mr. JUAREZ SALIBA DE AVELAR, Brazilian, married, mining engineer, holder of ID card (RG) no. 749.002 SSP/MG, and Individual Taxpayers ID (CPF/MF) no. 447.454.946 -53, with offices at Av. Brig. Faria Lima nº 3400, 20º andar, in the city and state of São Paulo, as Executive Officer in charge of New Business Development; all of whom with period of office effective until April 30, 2011, extended until the investiture of their successors. Thus the Company’s current Board of Executive Officers comprises: BENJAMIN STEINBRUCH – CEO; ENÉAS GARCIA DINIZ – Executive Officer in charge of Production; JUAREZ SALIBA DE AVELAR – Executive Officer in charge of New Business Development; and PAULO PENIDO PINTO MARQUES – Executive Officer in charge of Controlling, Financial and Investor Relations Areas, all of whom with term of office effective until April 30, 2011, extended until the investiture of their successors.

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.