Announcement of Private Exchange Offer for Any and All of CSN Inova Ventures’ Outstanding 6.750% Senior Notes due 2028 and Consent Solicitation

CSN Inova Ventures, a subsidiary of Companhia Siderúrgica Nacional, has launched an exchange offer to swap its outstanding $1.3 billion in 6.750% Senior Notes due 2028 for 11.000% Senior Notes due 2030 plus cash consideration. The offer, which expires August 10, 2026, requires a minimum participation of 70% of outstanding notes and includes a consent solicitation for indenture amendments. The new notes feature a potential interest rate reduction to 10.500% if at least $200 million in principal is retired by February 2028.