Pursuant to Rule 13a-16 or 15d-16 of the
São Paulo, SP, Brazil
04538-132
under cover Form 20-F or Form 40-F. Form 20-F ___X___ Form 40-F _______
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____
EXTRACT OF MINUTES OF ORDINARY MEETING OF BOARD OF DIRECTORS OF COMPANHIA SIDERÚRGICA NACIONAL, HELD ON MARCH 24, 2009, ISSUED AS A SUMMARY.
NIRE (Companies Registry): 33300011595
1. Date: March 24, 2009
2. Time: 02:30 p.m.
3. Place: Av. Brig. Faria Lima, 3400, 20º andar, in the city and state of São Paulo
4. Attendees: Benjamin Steinbruch (Chairman), Jacks Rabinovich, Antonio Francisco dos Santos, Dionísio Dias Carneiro Netto, Mauro Molchansky, Yoshiaki Nakano, Darc Antonio da Luz Costa and Claudia Maria Sarti (Secretary of the Board of Directors Meeting)
6.Agenda: 6.2 – Dividend Payment Proposal – The Board of Directors (“Board”), by unanimous vote of attendees, as set forth in Article 31 of the Company’s Bylaws and Article 204 of Law No. 6,404/76, approved, as an advance of the mandatory minimum dividend, the proposal of the Board of Executive Officers to pay to the Company’s shareholders one billion and five hundred million reais (R$1,500,000,000.00 ) as dividend, to the income account computed in the balance sheet as of June 30, 2008, corresponding to R$ 1.977146 per outstanding share of the Company’s capital stock on the present date, not being subject to withholding income tax – IRRF, in compliance with the legislation in force. Dividends will be paid as of March 31, 2009. As dividends approved hereof are an advance to the minimum mandatory dividend, such approval shall be ratified at the Company’s Annual Shareholders Meeting, and, therefore, be included in the proposal for 2008 earnings allocation.
I hereby certify that the resolutions transcribed herein are faithful to the original minutes filed in the Company’s head offices.
COMPANHIA SIDERÚRGICA NACIONAL
Claudia Maria Sarti
Secretary of the Meeting of Board of Directors
COMPANHIA SIDERÚRGICA NACIONAL |
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By: |
/S/ Benjamin Steinbruch
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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.