Shareholder Composition

CSN - Shareholder Composition - 12/31/2016 (%)

The fully subscribed and paid-in capital stock is R $ 4,540,000,000.00 divided into 1,387,524,047 common and book-entry shares, with no par value.

Each common share entitles one vote to the resolutions of the General Meeting. The Company‘s bylaws define that the capital stock may be raised to up to 2,400,000,000 shares, by decision of the Board of Directors.

Number of Common Shares % Total Shares % Voting capital
Vicunha Aços S.A. (*) 682,855.454 49.21% 50.32%
Rio Iaco Participações S.A. (**) 58,193.503 4.19% 4.29%
CSN Employee Benefit Fund - CBS 20,143.031 1.45% 1.48%
CFL Participações S.A (**) 3,977.536 0.29% 0.29%
Vicunha Textil S.A (**) 4,927.000 0.36% 0.36%
BNDES Participações S.A. - BNDESPAR 8,794.890 0.63% 0.65%
BM&FBovespa 254,094.969 18.31% 18.72%
NYSE 324,146.664 23.36% 23.88%
1,357,133,047 97.81% 100.00%
Treasury Shares 30,391,000 2.19% *
Total Shares 1,387,524,047 100.00% 100.00%

(*) Rio Iaco Participações S.A is a controlling group company.(*) As of June 30, 2015, Vicunha Aços has directly controlled CSN due to the merger of Vicunha Siderurgia by Vicunha Aços on that date.

(**) Rio Iaco Participações S. A., CFL Participações S.A and Vicunha Textil S.A are a controlling group company.