Belo Horizonte, February 25, 2005
Re: Payment of Dividends and Interest on Capital
In a meeting held on February 24, 2005, the Board of Directors of USINAS
SIDERÚRGICAS DE MINAS GERAIS SA USIMINAS, determined payment to
shareholders on March 1st, 2005 of dividends in complement to interest on capital,
according to its Bylaws and to existing Corporate Law. The dividends also refer
fiscal year 2004 and are in the amount of R$ 2.93208 per ordinary share and R$
3.22529 per preferred share.
The shares will be traded ex-dividend on March 2, 2005.
Payment of the dividends will be effected as of April 5, 2005.
The payment of interest on capital, approved in the Board meeting held on
2004, will also be effected on April 5, 2005 in the amount of R$ 0.53880 per
share and R$ 0.59270 per preferred share to holders of shares on Dec. 29, 2004.
Very truly yours,
Paulo Penido Pinto Marques
Direcor of Finance and Investor Relations
Usinas Siderúrgicas de Minas Gerais - USIMINAS