<SEC-DOCUMENT>0001292814-17-001162.txt : 20170502
<SEC-HEADER>0001292814-17-001162.hdr.sgml : 20170502
<ACCEPTANCE-DATETIME>20170502160315
ACCESSION NUMBER:		0001292814-17-001162
CONFORMED SUBMISSION TYPE:	NT 20-F
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20161231
FILED AS OF DATE:		20170502
DATE AS OF CHANGE:		20170502
EFFECTIVENESS DATE:		20170502

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NATIONAL STEEL CO
		CENTRAL INDEX KEY:			0001049659
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES & ROLLING & FINISHING MILLS [3310]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		NT 20-F
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14732
		FILM NUMBER:		17804946

	BUSINESS ADDRESS:	
		STREET 1:		RUA LAURO MULLER
		STREET 2:		116 36 ANDAR
		CITY:			RIO DE JANEIRO RJ BR
		STATE:			D5
		ZIP:			00000
</SEC-HEADER>
<DOCUMENT>
<TYPE>NT 20-F
<SEQUENCE>1
<FILENAME>sidform12b_25.htm
<DESCRIPTION>FORM 12B-25
<TEXT>

<HTML>
<HEAD>
   <TITLE>sidform12b_25.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">

<A name="page_1"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader1"></a><DIV>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD rowSpan=8 width="85%">

<H2 style="TEXT-ALIGN: center; MARGIN: 0in 148pt 0pt 142.95pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman">UNITED</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.55pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.45pt" face="Times New Roman">STATES</FONT></B></H2>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 148pt 0pt 142.95pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.4pt" face="times new roman">SECURITIES</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.8pt" face="times new roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="times new roman">AND</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.8pt" face="times new roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="times new roman">EXCHANGE</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.8pt" face="times new roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.45pt" face="times new roman">COMMISSION</FONT></B></P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 147.95pt 0pt 142.95pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.45pt" face="times new roman">Washington,</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 1.05pt" face="times new roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="times new roman">D.C.</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 1.05pt" face="times new roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.5pt" face="times new roman">20549</FONT></B></P>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT></B>&nbsp;</P>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT></B>&nbsp;</P>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 148pt 0pt 142.9pt" align=center><FONT style="POSITION: relative"></FONT><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.4pt" face="times new roman">FORM</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.55pt" face="times new roman">12b-25</FONT></B></P>

   <P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT></B>&nbsp;</P>

<H2 style="TEXT-ALIGN: center; MARGIN: 0in 148pt 0pt 142.85pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">NOTIFICATION</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">OF</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">LATE</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">FILING</FONT></B></H2></TD>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid" width="15%" noWrap align=center><FONT style="FONT-SIZE: 9pt; FONT-FAMILY: Arial">OMB APPROVAL</FONT></TD></TR>

<TR>

   <TD style="BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid" rowSpan=3 width="15%" noWrap>

   <P></P>

   <P style="MARGIN: 0in 0in 0pt 4.65pt; LINE-HEIGHT: 9.85pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" color=#231f20 face=arial,sans-serif>OMB</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.4pt" color=#231f20 face=arial,sans-serif> </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt" color=#231f20 face=arial,sans-serif>Number:......... 3235-0058</FONT></P>

   <P></P>

   <P></P>

   <P style="MARGIN: 0.6pt 1.9pt 0pt 4.65pt; LINE-HEIGHT: 103%; TEXT-INDENT: 0.25pt"><FONT style="LINE-HEIGHT: 103%" color=#231f20 face=arial,sans-serif><FONT lang=EN-US style="FONT-SIZE: 9pt" color=#231f20 face=arial,sans-serif>Expires:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; October</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.5pt" color=#231f20 face=arial,sans-serif> </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" color=#231f20 face=arial,sans-serif>31,</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.5pt" color=#231f20 face=arial,sans-serif> </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt" color=#231f20 face=arial,sans-serif>2018</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 1.05pt" color=#231f20 face=arial,sans-serif> <BR></FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" color=#231f20 face=arial,sans-serif>Estimated</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt" color=#231f20 face=arial,sans-serif> average</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" color=#231f20 face=arial,sans-serif> </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt" color=#231f20 face=arial,sans-serif>burden</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 1.05pt" color=#231f20 face=arial,sans-serif> <BR></FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt" color=#231f20 face=arial,sans-serif>hours</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -1pt" color=#231f20 face=arial,sans-serif> </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt" color=#231f20 face=arial,sans-serif>per</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.95pt" color=#231f20 face=arial,sans-serif> </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" color=#231f20 face=arial,sans-serif>response.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: -0.05pt" color=#231f20 face=arial,sans-serif>2.50</FONT></FONT></P></TD></TR>

<TR></TR>

<TR></TR>

<TR>

   <TD width="15%"></TD></TR>

<TR>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid" width="15%">

   <P></P>

   <P style="MARGIN: 1.7pt 0in 0pt 23.35pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face="times new roman">SEC</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.25pt" face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" face="times new roman">FILE</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.25pt" face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" face="times new roman">NUMBER</FONT></P></TD></TR>

<TR>

   <TD width="15%"></TD></TR>

<TR>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid" width="15%">

   <P></P>

   <P style="MARGIN: 2.5pt 0in 0pt 29.35pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face="times new roman">CUSIP</FONT><FONT lang=EN-US style="FONT-SIZE: 9pt; LETTER-SPACING: 0.65pt" face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 9pt" face="times new roman">NUMBER</FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT>&nbsp;</P>

<H2 style="TEXT-ALIGN: center; MARGIN: 0in 148pt 0pt 142.95pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman"></FONT></B>&nbsp;</H2>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 26.05pt 0pt 89.05pt; TEXT-INDENT: -83pt"><EM><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">(Check</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.45pt" face="Times New Roman"> </FONT></EM><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman"><EM>one):&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </EM><FONT face=Wingdings>&#168;</FONT> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">Form</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">10-K&nbsp;&nbsp;&nbsp;&nbsp; <FONT face=Wingdings>x</FONT> Form</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">20-F&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=Wingdings>&#168;</FONT> Form</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">11-K&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=Wingdings>&#168;</FONT> Form</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">10-Q&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=Wingdings>&#168;</FONT>&nbsp; Form</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.4pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">10-D&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=Wingdings>&#168;</FONT> Form</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">N-SAR</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face=Wingdings>&#168;</FONT> For</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">m</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.4pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">N-CSR</FONT></P>

<P style="MARGIN: 0in 188.25pt 0pt 100.6pt; TEXT-INDENT: -22.6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 188.25pt 0pt 100.6pt; TEXT-INDENT: -22.6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">For</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 1.15pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">Period</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 1.15pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">Ended:</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.5pt" face="Times New Roman"> </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;December 31, 2016&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></U></P>

<P style="MARGIN: 0in 188.25pt 0pt 100.6pt; TEXT-INDENT: -22.6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman"><FONT face=Wingdings>&#168;</FONT>Transition</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.4pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">Report</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.4pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">on</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.4pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">Form</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.4pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">10-K</FONT></P>

<P style="MARGIN: 0in 188.25pt 0pt 100.6pt; TEXT-INDENT: -22.6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman"><FONT face=Wingdings>&#168;</FONT> Transition</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">Report</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">on</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">Form</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">20-F</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 1.25pt" face="Times New Roman"> </FONT></P>

<P style="MARGIN: 0in 188.25pt 0pt 100.6pt; TEXT-INDENT: -22.6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman"><FONT face=Wingdings>&#168;</FONT> Transition</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.4pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">Report</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.4pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">on</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.4pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">Form</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.4pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">11-K</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 1.25pt" face="Times New Roman"> </FONT></P>

<P style="MARGIN: 0in 188.25pt 0pt 100.6pt; TEXT-INDENT: -22.6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman"><FONT face=Wingdings>&#168;</FONT> Transition</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.4pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">Report</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.4pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">on</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.4pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">Form</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.4pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">10-Q</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 1.25pt" face="Times New Roman"> </FONT></P>

<P style="MARGIN: 0in 188.25pt 0pt 100.6pt; TEXT-INDENT: -22.6pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman"><FONT face=Wingdings>&#168;</FONT> Transition</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">Report</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">on</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">Form</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">N-SAR</FONT></P>

<P style="MARGIN: 0in 0in 0in 78.05pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0in 78.05pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">For</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.9pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.9pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">Transition</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.9pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">Period</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.9pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">Ended:</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -1pt" face="Times New Roman">&nbsp;</FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></U></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT>&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="BORDER-TOP: #000000 1px solid; BORDER-RIGHT: #000000 1px solid; BORDER-BOTTOM: #000000 1px solid; BORDER-LEFT: #000000 1px solid" width="100%">

   <P></P>

   <P style="TEXT-ALIGN: center; MARGIN: 10pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">Nothing</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="times new roman"></FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">in</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="times new roman"></FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">this</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="times new roman"></FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">form</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="times new roman"></FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">shall</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="times new roman"></FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">be</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="times new roman"></FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">construed</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="times new roman"></FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">to</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="times new roman"></FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">imply</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="times new roman"></FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">that</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="times new roman"></FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">the</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="times new roman"></FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">Commission</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="times new roman"></FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">has</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="times new roman"></FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">verified</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="times new roman"></FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">any</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="times new roman"></FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">information</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="times new roman"></FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">contained</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="times new roman"></FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">herein.</FONT></B></P></TD></TR></TABLE>

<P style="MARGIN: 0in 0in 0in 6.05pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0in 6.05pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">If</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">notification</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">relates</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">to</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">portion</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">of</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">filing</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">checked</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">above,</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">identify</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">Item(s)</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">to</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">which</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">notification</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">relates:</FONT></P>

<P style="MARGIN: 0in 0in 0pt 5.85pt">&nbsp;</P>

<HR align=left color=#000000 SIZE=1 width="100%">



<P style="MARGIN: 0in 0in 0pt 5.85pt"></P>

<P style="MARGIN: 0in 0in 0pt 5.85pt">&nbsp;</P>

<H1 style="MARGIN: 0in 0in 0in 6.05pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman"></FONT></B>&nbsp;</H1>

<H1 style="TEXT-ALIGN: center; MARGIN: 0in 0in 0in 6.05pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">PART</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.45pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">I</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.45pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8212;</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.45pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">REGISTRANT</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.45pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">INFORMATION</FONT></B></H1>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">National Steel Company</FONT></B></P>

<P style="MARGIN: 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Full</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Name</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">of</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Registrant</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">N/A</FONT></B></P>

<P style="MARGIN: 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Former</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Name</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">if</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.2pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">Applicable</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">Av. Brigadeiro Faria Lima, No. 3400 - 20th floor</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">Address</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">of</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">Principal</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">Executive</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.1pt" face="times new roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">Office </FONT><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">(Street</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.15pt" face="times new roman"> </FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">and</FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.15pt" face="times new roman"> </FONT></I><I><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.05pt" face="times new roman">Number)</FONT></I></P>

<P style="MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT></I>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">Sao Paulo, SP &#8211; Brazil &#8211; 04538-132</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">City, State and Zip Code</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT>&nbsp;</P>

<H1 style="TEXT-ALIGN: center; MARGIN: 0in 0in 0in 6.05pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">PART</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.45pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">II</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.45pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8212;</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.45pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">RULES</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.45pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">12b-25(b)</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.45pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">AND</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.45pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">(c)</FONT></B></H1>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0in 6.05pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">If</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">subject</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">report</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">could</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">not</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">be</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">filed</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">without</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">unreasonable</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">effort</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">or</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">expense</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">and</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">registrant</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">seeks</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">relief</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">pursuant</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">to</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 3.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">Rule</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">12b-25(b),</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">following</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">should</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">be</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">completed.</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">(Check</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">box</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">if</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">appropriate)</FONT></P>

<P style="MARGIN: 0in 0in 0in 6.05pt"><FONT size=2></FONT>&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD vAlign=middle width="10%"></TD>

   <TD style="BORDER-LEFT: #000000 1px solid" rowSpan=3 width="2%"></TD>

   <TD width="88%">

   <P style="MARGIN-BOTTOM: 10pt; TEXT-ALIGN: justify; MARGIN-LEFT: 14pt; MARGIN-TOP: 0in; TEXT-INDENT: -14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">(a)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.25pt" face="times new roman">&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense;</FONT></P></TD></TR>

<TR>

   <TD vAlign=middle width="10%" align=center><FONT face=Wingdings>x</FONT></TD>

   <TD width="88%">

   <P style="MARGIN-BOTTOM: 10pt; TEXT-ALIGN: justify; MARGIN-LEFT: 14pt; MARGIN-TOP: 0pt; TEXT-INDENT: -14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">(b)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.25pt" face="times new roman">&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Qorsubject distribution reporton Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and</FONT></P></TD></TR>

<TR>

   <TD vAlign=middle width="10%"></TD>

   <TD width="88%">

   <P style="MARGIN-BOTTOM: 10pt; TEXT-ALIGN: justify; MARGIN-LEFT: 14pt; MARGIN-TOP: 0in; TEXT-INDENT: -14pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">(c)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.25pt" face="times new roman">&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">The</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">accountant&#8217;s</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">statement</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">or</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">other</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">exhibit</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">required</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">by</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">Rule</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">12b-25(c)</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">has</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">been</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">attached</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">if</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">applicable.</FONT></P></TD></TR></TABLE>

<P style="MARGIN: 0in 0in 0in 6.05pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 11.6pt 0in 6.05pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 11.25pt 0pt 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>

<a name="_bclFooter1"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_2"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader2"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman"></FONT></B>&nbsp;</P></DIV>

<H1 style="TEXT-ALIGN: center; MARGIN: 0in 0in 0in 6.05pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">PART</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">III</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8212;</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">NARRATIVE</FONT></B></H1>

<P style="MARGIN: 0in 0in 0in 6.05pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0in 6.05pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">State</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.8pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">below</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.8pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">in</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.8pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">reasonable</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.8pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">detail</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.8pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">why</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.8pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">Forms</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.8pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">10-K,</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.8pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">20-F,</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.8pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">11-K,</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.8pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">10-Q, 10-D,</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.8pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">N-SAR,</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.8pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">N-CSR,</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.8pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">or</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.8pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.8pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">transition</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.8pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">report</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.8pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">or</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 2.55pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">portion</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">thereof,</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">could</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">not</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">be</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">filed</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">within</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">prescribed</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">time</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">period.</FONT></P>

<P style="MARGIN: 0in 0in 0in 6.05pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 7.1pt"><B><FONT lang=EN-US style="FONT-SIZE: 8pt" face=timesnewromanps-boldmt>National Steel Company&#8212;CSN (the &#8220;Company&#8221;) respectfully notifies the Securities and Exchange Commission that it is unable to complete its annual report on Form 20-F for the fiscal year ended December 31, 2016 (the &#8220;2016 Annual Report&#8221;) within the prescribed time period. The Company requires additional time to complete certain accounting and disclosure matters related to the business combination that occurred on November 30, 2015, by which the Company&#8217;s subsidiary , CSN Minera&#231;&#227;o S.A. (former Congonhas Min&#233;rios S.A.), acquired control of Nacional Minerios, S.A.</FONT></B></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT>&nbsp;</P>

<a name="_bclFooter2"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_3"></A>

<DIV style="PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader3"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT>&nbsp;</P>

<H1 style="TEXT-ALIGN: center; MARGIN: 0in 0in 0in 6.6pt" align=center><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">PART</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.55pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">IV</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.55pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&#8212;</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.55pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">OTHER</FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.55pt" face="Times New Roman"> </FONT></B><B><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">INFORMATION</FONT></B></H1>

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0in 24.55pt; TEXT-INDENT: -17.95pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">(1)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.25pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">Name</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">and</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">telephone</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">number</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">of</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">person</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">to</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">contact</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">in</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">regard</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">to</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">this</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">notification</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt 24.4pt"><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">David Moise Salama&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">+55&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">11 3049-7588&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></U></P>

<P style="TEXT-ALIGN: left; MARGIN: 0in 62.1pt 0pt 0in" align=right><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Name)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">(Area</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.5pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">Code)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">(Telephone</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">Number)</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 5.95pt 0pt 24.55pt; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">(2)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.25pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">Have</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">all</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">other</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">periodic</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">reports</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">required</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">under</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">Section</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">13</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">or</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">15(d)</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">of</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">Securities</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">Exchange</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">Act</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">of</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">1934</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">or</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">Section</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 3.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">30</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.7pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">of</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.85pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.7pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">Investment</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.7pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">Company</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.7pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">Act</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.7pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">of</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.7pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">1940</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.7pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">during</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.7pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.7pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">preceding</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.7pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">12</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.7pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">months</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.7pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">or</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.7pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">for</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.7pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">such</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.7pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">shorter</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.7pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">period</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.7pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">that</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.7pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.7pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">registrant</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 3.75pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">was</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">required</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">to</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">file</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">such</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">report(s)</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">been</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">filed</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">?</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">If</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">answer</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">is</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">no,</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">identify</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">report(s).</FONT></P>

<P style="MARGIN: 0in 5.95pt 0pt 24.55pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 5.95pt 0pt 24.55pt">

<TABLE style="WIDTH: 20%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="50%" align=center><FONT face=Wingdings>x</FONT></TD>

   <TD width="50%" align=center><FONT face=Wingdings>&#168;</FONT></TD></TR>

<TR>

   <TD width="50%" align=center><FONT size=2>Yes</FONT></TD>

   <TD width="50%" align=center><FONT size=2>No</FONT></TD></TR></TABLE></P>

<P style="MARGIN: 0in 5.95pt 0pt 24.55pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt 24.4pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 5.9pt 0pt 24.55pt; TEXT-INDENT: -0.25in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">(3)</FONT><FONT lang=EN-US style="FONT-SIZE: 7pt; LETTER-SPACING: 0.25pt" face="times new roman">&nbsp;&nbsp;&nbsp;&nbsp; </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">Is</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">it</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">anticipated</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">that</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">any</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">significant</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">change</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">in</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">results</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">of</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">operations</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">from</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">corresponding</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">period</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">for</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">last</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">fiscal</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 4.85pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">year</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">will</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">be</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">reflected</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">by</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">earnings</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">statements</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">to</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">be</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">included</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">in</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">subject</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">report</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">or</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">portion</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">thereof</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">?</FONT></P>

<P style="MARGIN: 0in 62.85pt 0pt 0in"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></P>

<P style="MARGIN: 0in 62.85pt 0pt 28.35pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 5.95pt 0pt 24.55pt">

<TABLE style="WIDTH: 20%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="50%" align=center><FONT face=Wingdings>x</FONT></TD>

   <TD width="50%" align=center><FONT face=Wingdings>&#168;</FONT></TD></TR>

<TR>

   <TD width="50%" align=center><FONT size=2>Yes</FONT></TD>

   <TD width="50%" align=center><FONT size=2>No</FONT></TD></TR></TABLE></P>

<P style="MARGIN: 0in 5.9pt 0pt 24.55pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 5.9pt 0pt 24.55pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">If</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">so,</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">attach</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">an</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">explanation</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">of</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">anticipated</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">change,</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">both</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">narratively</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">and</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">quantitatively,</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">and,</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">if</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">appropriate,</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">state</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: -0.45pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 5.35pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">reasons </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">why</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">a</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">reasonable</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">estimate</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">of</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">results</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">cannot</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">be</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">made.</FONT></P>

<P style="MARGIN: 0in 0in 0pt 85.05pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>We identified errors in certain assumptions used in the fair value determination of the entities involved in the business combination of Namisa and CSN Minera&#231;&#227;o (former &#8220;Congonhas Min&#233;rios&#8221;) that occurred at the end of 2015, as well as in the accounting for the &nbsp;provisions of the Investment Agreement signed in December 2014 that addressed the treatment to be given to certain assets excluded from the transaction. Under that provision, those assets that were erroneously included in the fair value determination of the acquiree, should have been transferred directly to any CSN entity other than the acquirer. Instead, those assets were mistakenly included within the net assets of the acquiree contributed to the acquirer and, in a subsequent act, were transferred from the acquirer to another CSN entity. Finally, we also modified the gain or loss in the pre-existing relationship between the acquirer and the acquiree entities in order to comply with IFRS3.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt 28.35pt"><FONT lang=EN-US style="FONT-SIZE: 9pt" face=arial,sans-serif>At the time of this filing, we are not able to disclose the effects of the changes discussed in the preceding paragraph as such effects are still under review and discussions.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT>&nbsp;</P>

<a name="_bclFooter3"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<A name="page_4"></A>

<DIV style=" PADDING-LEFT: 0%; PADDING-RIGHT: 0%">

<a name="_bclHeader4"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman">National Steel Company &#8211; CSN</FONT></U></P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">(Name</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">of</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">Registrant</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">as</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">Specified</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">in</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">Charter)</FONT></P>

<P style="MARGIN: 0in 0in 0in 6.55pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0in 6.55pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">has</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">caused</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">this</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">notification</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">to</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">be</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">signed</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">on</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">its</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">behalf</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">by</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">the</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">undersigned</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">hereunto</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.15pt" face="Times New Roman">duly</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.3pt" face="Times New Roman"> </FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.25pt" face="Times New Roman">authorized.</FONT></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0in 6.55pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="MARGIN: 0in 0in 0in 6.55pt"><U><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">Date May 2, 2017&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></U><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By</FONT><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 1.1pt" face="Times New Roman"> </FONT><U><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman">&nbsp;/s/ David Moise Salama&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT></U></P>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt" face="times new roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 5.9pt 0pt 6.55pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name: David Moise Salama</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 5.9pt 0pt 6.55pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Title: Executive Officer</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 5.9pt 0pt 6.55pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.2pt" face="Times New Roman"></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: center; MARGIN: 0in 0.9pt 0pt 0in" align=center><FONT lang=EN-US style="FONT-SIZE: 10pt" face="Times New Roman"></FONT>&nbsp;</P></DIV>

<a name="_bclFooter4"></a><DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
