<SEC-DOCUMENT>0001292814-22-000161.txt : 20220120
<SEC-HEADER>0001292814-22-000161.hdr.sgml : 20220120
<ACCEPTANCE-DATETIME>20220120123300
ACCESSION NUMBER:		0001292814-22-000161
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20210930
FILED AS OF DATE:		20220120
DATE AS OF CHANGE:		20220120

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:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14732
		FILM NUMBER:		22541538

	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>6-K
<SEQUENCE>1
<FILENAME>siditr3q21_6k.htm
<DESCRIPTION>6-K
<TEXT>
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<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center><FONT color=#000000 size=5 face="Times New Roman"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>Washington, D.C. 20549 </B></FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

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<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center><FONT color=#000000 size=5 face="Times New Roman"><B>FORM 6-K</B></FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman">Report of Foreign Private Issuer<BR>Pursuant to Rule 13a-16 or 15d-16 of the</FONT></DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman">Securities Exchange Act of 1934</FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center>

<DIV><FONT color=#000000 size=3 face="Times New Roman"><B>For the month of January, 2022</B></FONT></DIV><FONT color=#000000 size=3 face="Times New Roman"><B>Commission File Number 1-14732 </B></FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

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<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center><FONT color=#000000 size=5 face="Times New Roman"><B>COMPANHIA SIDER&#218;RGICA NACIONAL </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">(Exact name of registrant as specified in its charter) </FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center></DIV>

<DIV align=center><FONT color=#000000 size=5 face="Times New Roman"><B>National Steel Company </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">(Translation of Registrant's name into English)</FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>Av. Brigadeiro Faria Lima 3400, 20&#186; andar<BR>S&#227;o Paulo, SP, Brazil<BR>04538-132 </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">(Address of principal executive office)</FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<P></P>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman">Indicate by check mark whether the registrant files or will file annual reports<BR>under cover Form 20-F or Form 40-F.&nbsp;</FONT> Form 20-F ___X___ Form 40-F _______

<P>&nbsp;<FONT size=3 face="Times New Roman, Times, Serif">Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. </FONT>&nbsp;</P>Yes _______ No ___X____ </DIV>

<P></P>


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<P STYLE="font: bold 12pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 14.2pt">Table of Contents</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 90%; border-top: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif"><B>Company Information</B></FONT></TD>
    <TD STYLE="width: 10%; border-top: #BFBFBF 1pt solid; border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; padding-left: 14.2pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">Capital Breakdown</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">1</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif"><B>Parent Company Financial Statements </B></FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; padding-left: 14.2pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">Balance Sheet &#8211; Assets</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">2</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; padding-left: 14.2pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">Balance Sheet &#8211; Liabilities</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">3</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; padding-left: 14.2pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">Statement of Income</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">4</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; padding-left: 14.2pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">Statement of Comprehensive Income</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">5</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; padding-left: 14.2pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">Statement of Cash Flows</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">6</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; padding-left: 14.2pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt"><B>Statement of Changes in Shareholders&#8217; Equity</B></FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; padding-left: 1cm; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">01/01/2021 to 09/30/2021</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">8</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; padding-left: 1cm; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">01/01/2020 to 09/30/2020</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">9</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; padding-left: 14.2pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">Statement of Value Added</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">10</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif"><B>Consolidated Financial Statements</B></FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; padding-left: 14.2pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">Balance Sheet &#8211; Assets</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">11</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; padding-left: 14.2pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">Balance Sheet - Liabilities</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">12</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; padding-left: 14.2pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">Statement of Income</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">13</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; padding-left: 14.2pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">Statement of Comprehensive Income</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">14</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; padding-left: 14.2pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">Statement of Cash Flows</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">15</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; padding-left: 14.2pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt"><B>Statement of Changes in Shareholders&#8217; Equity</B></FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; padding-left: 1cm; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">01/01/2021 to 09/30/2021</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">17</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; padding-left: 1cm; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">01/01/2020 to 09/30/2020</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">18</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; padding-left: 14.2pt; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">Statement of Value Added</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">19</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">Notes to the quarterly financial information</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">20</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif"><B>Reports and Statements</B></FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">Unqualified Independent Auditors&#8217; Review Report</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">77</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">Officers Statement on the Financial Statements</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">78</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">Officers Statement on Auditor&#8217;s Report</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">80</FONT></TD></TR>
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<P STYLE="font: 12pt Arial,sans-serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Arial,sans-serif; margin: 0"><B>&nbsp;</B></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Arial,sans-serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Arial,sans-serif; margin: 0"><B>Company Information / Capital Breakdown</B></P>

<P STYLE="font: 12pt Arial,sans-serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: bottom; background-color: #BFBFBF">
    <TD STYLE="width: 34%">
    <P STYLE="font: 9pt Arial,sans-serif; margin: 6pt 0 3pt"><B>Number of Shares</B></P>
    <P STYLE="font: 9pt Arial,sans-serif; margin: 6pt 0 3pt"><B>(Units)</B></P></TD>
    <TD STYLE="width: 33%">
    <P STYLE="font: 9pt Arial,sans-serif; margin: 6pt 0 3pt; text-align: right"><B>Current quarter</B></P>
    <P STYLE="font: 9pt Arial,sans-serif; margin: 6pt 0 3pt; text-align: right"><B>09/30/2021</B></P></TD>
    <TD STYLE="width: 33%; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt"><B>Paid-in Capital</B></FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt"><B>Common</B></FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">1,387,524,047</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt"><B>Preferred</B></FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">0</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt"><B>Total</B></FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">1,387,524,047</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt"><B>Treasury Shares</B></FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt"><B>Common</B></FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">7,409,500</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt"><B>Preferred</B></FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">0</FONT></TD>
    <TD STYLE="border-bottom: #BFBFBF 1pt dashed; font-family: Times New Roman,serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #F2F2F2">
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt"><B>Total</B></FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">7,409,500</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif">&nbsp;</TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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  <TR>
    <TD COLSPAN="4" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif"><B>Parent Company Financial Statements / Balance Sheet - Assets</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; width: 15%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>(R$ thousand)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 55%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 15%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 15%">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Code</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Description</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>&nbsp;Current Quarter 09/30/2021 </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>&nbsp;Previous Year 12/31/2020 </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Total Assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;57,759,188 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;53,196,550 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Current assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;15,550,550 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;14,879,594 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Cash and cash equivalents</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,570,810 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4,647,125 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial investments</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;2,976,607 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3,780,891 </FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.02.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial investments measured a fair value through profit or loss</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;2,565,009 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3,305,109 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.02.01.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial investments measured a fair value through profit or loss &#8211; Usiminas&#8217; shares</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;2,565,009 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3,305,109 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.02.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial investments at amortized cost</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">411,598 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;475,782 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Trade receivables</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;3,260,212 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,549,703 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.03.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Clients</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;3,260,212 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,549,703 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Inventory</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;6,447,858 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3,014,446 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.06</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Recoverable taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">839,058 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,381,853 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.06.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Current recoverable taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">839,058 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,381,853 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.08</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Other current assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">456,005 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;505,576 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.08.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">456,005 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;505,576 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.08.03.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Prepaid expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">169,658 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;94,782 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.08.03.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Dividends and interest on equity</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">193,685 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;329,413 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.08.03.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">92,662 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;81,381 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Non-current assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;42,208,638 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;38,316,956 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Long-term assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;8,809,719 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">8,406,417 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02.01.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial investments at amortized cost</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">126,631 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;123,409 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">1.02.01.07</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Deferred taxes assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;3,811,407 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3,799,707 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">1.02.01.10</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Other non-current assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;4,871,681 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4,483,301 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">1.02.01.10.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Recoverable taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">711,985 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;738,431 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">1.02.01.10.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Judicial deposits</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">231,422 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;221,016 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">1.02.01.10.05</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Prepaid expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">75,938 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;99,834 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">1.02.01.10.06</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Receivable from related parties</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;2,313,537 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,907,877 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">1.02.01.10.07</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,538,799 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,516,143 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">1.02.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Investments </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;26,097,557 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;19,546,493 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">1.02.02.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Equity interest</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;25,954,377 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;19,401,494 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">1.02.02.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Investment Property</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">143,180 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;144,999 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">1.02.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Property, plant and equipment</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;7,249,167 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;10,315,724 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">1.02.03.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Property, plant and equipment in operation</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;6,518,713 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">8,598,597 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">1.02.03.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Right of use in leases</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">17,043 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;64,659 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">1.02.03.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Property, plant and equipment in progress</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">713,411 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,652,468 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">1.02.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Intangible assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">52,195 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;48,322 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">1.02.04.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Intangible assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">52,195 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;48,322 </FONT></TD></TR>
  </TABLE>
<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"></P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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  <TR>
    <TD COLSPAN="4" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif"><B>Parent Company Financial Statements / Balance Sheet &ndash; Liabilities</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>(R$ thousand)</B></FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 15%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 55%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Code</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Description</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>&nbsp;Current Quarter 09/30/2021 </B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>&nbsp;Previous Year 12/31/2020 </B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Total Liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;57,759,188 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">53,196,550 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Current liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;13,645,117 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">10,756,084 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Payroll and related taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;191,109 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">138,761 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Trade payables</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4,321,763 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4,133,089 </FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Tax payables</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;678,678 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">289,095 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Borrowings and financing</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3,661,676 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3,858,493 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.05</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Other payables</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4,752,960 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,302,188 </FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.05.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4,752,960 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,302,188 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.05.02.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Dividends and interests on shareholder&acute;s equity</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;2,534 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">901,983 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.05.02.05</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Advances from clients</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;137,880 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">196,595 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.05.02.06</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Trade payables &ndash; Drawee risk</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3,459,394 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">623,861 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.05.02.07</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Lease liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;7,300 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">26,546 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.05.02.08</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Other payables</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,145,852 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">553,203 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.06</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Provisions</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;38,931 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">34,458 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.06.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Provision for tax, social security, labor and civil risks</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;38,931 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">34,458 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Non-current liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;23,919,256 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">32,527,015 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.02.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Borrowings and financing</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;15,279,979 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">24,423,753 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.02.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Other payables</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;322,170 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">771,292 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.02.02.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;322,170 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">771,292 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.02.02.02.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Lease liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;11,686 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">40,561 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.02.02.02.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Derivative financial instruments</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;99,012 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">97,535 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.02.02.02.05</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Trade payables</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;54,702 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">376,753 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.02.02.02.06</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Other payables</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;156,770 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">256,443 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.02.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Provisions</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">8,317,107 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7,331,970 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.02.04.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Provision for tax, social security, labor and civil risks</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;335,652 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">401,157 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.02.04.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Other provisions</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7,981,455 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6,930,813 </FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.02.04.02.03</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Provision for environmental liabilities and decommissioning of assets</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;193,447 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">229,524 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.02.04.02.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Pension and healthcare plan</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;758,426 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">758,426 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.02.04.02.05</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Provision for losses on investments</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7,029,582 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">5,942,863 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Shareholders&rsquo; equity</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;20,194,815 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">9,913,451 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.03.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Paid-up capital</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6,040,000 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6,040,000 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.03.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Capital reserves</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;32,720 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">32,720 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.03.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Earnings reserves</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">5,824,350 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">5,824,350 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.03.04.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Legal reserve</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;468,291 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">468,291 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.03.04.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Statutory reserve</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">5,414,323 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">5,414,323 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.03.04.09</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Treasury shares</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(58,264)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(58,264)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.03.05</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Accumulated earnings (losses)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">9,605,323 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">2.03.08</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Other comprehensive income</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(1,307,578)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(1,983,619)</FONT></TD></TR>
  </TABLE>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 5 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD COLSPAN="6" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif"><B>Parent Company Financial Statements / Statement of Income</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="4" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>(R$ thousand)</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 8%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Code</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 44%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Description</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 12%; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Current Quarter 07/01/2021 to 09/30/2021</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 12%; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Year to date 01/01/2021 to 09/30/2021</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 12%; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Same quarter previous year 07/01/2020 to 09/30/2020</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; width: 12%; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>YTD
    previous year 01/01/2020 to 09/30/2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Revenues from sale of goods and rendering of services</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6,873,294 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">18,524,592 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3,998,497 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">9,879,817 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Costs from sale of goods and rendering of services</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(4,176,175)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(11,910,176)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(3,387,750)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(8,689,585)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Gross profit</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,697,119 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6,614,416 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;610,747 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,190,232 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Operating (expenses)/income</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(312,976)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">5,334,820 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;218,586 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(1,679,782)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.04.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Selling expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(210,412)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(517,200)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(175,430)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(501,592)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.04.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">General and administrative expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(54,251)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(171,726)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(52,898)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(164,022)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.04.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Other operating income</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(14,452)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,650,650 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">13,950 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;378,777 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.04.05</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Other operating expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(166,188)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(720,986)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(497,458)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(1,985,401)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.04.06</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Equity in results of affiliated companies</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;132,327 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4,094,082 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;930,422 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;592,456 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.05</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Income before financial income (expenses) and taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,384,143 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">11,949,236 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;829,333 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(489,550)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.06</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial income (expenses)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(235,883)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;302,365 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;256,298 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;677,011 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.06.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial income</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(361,353)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,014,750 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;129,950 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;635,636 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.06.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;125,470 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(712,385)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;126,348 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">41,375 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.06.02.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Net exchange differences over financial instruments</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;435,400 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;276,199 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">11,037 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,094,345 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.06.02.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(309,930)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(988,584)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;115,311 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(1,052,970)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.07</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;Income before income taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,148,260 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">12,251,601 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,085,631 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;187,461 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.08</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Income tax and social contribution </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(998,723)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(896,278)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(4,845)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(122,348)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.09</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Net
    income from continued operations</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,149,537 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">11,355,323 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,080,786 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">65,113 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3.11</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Net income for the year</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,149,537 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">11,355,323 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,080,786 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">65,113 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">3.99</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Earnings per share &#8211; (Reais / Share)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">3.99.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Basic earnings per share</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">3.99.01.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Common shares</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">0.83293</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">8.22781</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">0.78311</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">0.04718</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">3.99.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Diluted earnings per share</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">0</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">0</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">0</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">0</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">3.99.02.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Common shares</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">0.83293</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">8.22781</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">0.78311</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">0.04718</FONT></TD></TR>
  </TABLE>
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<P STYLE="font: bold 8pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 8pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD COLSPAN="6" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif"><B>Parent Company Financial Statements / Statement of Comprehensive Income</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="4" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>(R$ thousand)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 8%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 44%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 12%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 12%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 12%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 12%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Code</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Description</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Current Quarter 07/01/2021 to 09/30/2021</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Year to date 01/01/2021 to 09/30/2021</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Same quarter previous year 07/01/2020 to 09/30/2020</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>YTD
    previous year 01/01/2020 to 09/30/2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Net income for the year</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,149,537 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;11,355,323 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,080,786 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;65,113 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Other comprehensive income</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(921,415)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(144,162)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(237,274)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(5,242,930)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4.02.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Actuarial gains over pension plan of subsidiaries, net of taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;28 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;77 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;28 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;89 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4.02.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Treasury shares acquired by subsidiary - reflex </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(141,479)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(141,479)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4.02.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Cumulative translation adjustments for the year </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;174,408 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(18,060)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;135,882 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;649,335 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4.02.06</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(Loss)/gain cash flow hedge accounting&#8211;&#8220;Platts&#8221;, net taxes,from investments in subsidiaries</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(20,795)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">477 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4.02.10</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(Loss)/gain on the percentage change in investments</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,631 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;6,243 </FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4.02.11</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(Loss)/gain cash flow hedge accounting, net of taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(998,799)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(302,649)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(651,581)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(7,316,513)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4.02.13</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Cash flow hedge accounting reclassified to income upon realization, net of taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;65,222 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;317,472 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;341,991 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,481,672 </FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4.02.14</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(Loss)/ gain in cash flow hedge from investments in subsidiaries</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,469 </FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4.02.16</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Cash flow hedge accounting &#8220;Platts&#8221; reclassified to income upon realization, net of taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(65,225)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(65,225)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Comprehensive income for the year</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;228,122 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;11,211,161 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;843,512 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(5,177,817)</FONT></TD></TR>
  </TABLE>
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<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD COLSPAN="4" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif"><B>Parent Company Financial Statements / Statements of Cash Flows &#8211; Indirect Method</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="4" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>(R$ thousand)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 15%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Code</B></FONT></TD>
    <TD STYLE="width: 55%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Description</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Year to date 01/01/2021 to 09/30/2021</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>YTD
    previous year 01/01/2020 to 09/30/2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Net cash from operating activities</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6,761,807 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,779,274 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Cash from operations</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">5,540,978 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;723,000 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Net income for the period</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">11,355,323 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;65,113 </FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial charges in borrowing and financing raised</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;524,453 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;771,804 </FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial charges in borrowing and financing granted</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(42,093)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(34,204)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.04</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Charges on lease liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,627 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;2,667 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.05</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Depreciation, amortization and depletion</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;637,837 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;650,438 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.06</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Equity in results of affiliated companies</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(4,094,082)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(592,456)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.07</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Deferred taxes assets</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;469,233 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;597 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.08</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Provision for tax, social security, labor, civil and environmental risks</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(61,032)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(9,506)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.09</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Monetary and exchange variations, net</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;27,313 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;436,078 </FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.11</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Updated shares &#8211; Fair value through profit or loss </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(185,944)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(100,314)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.12</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Write-off of property, plant and equipment and Intangible assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(2,283)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.13</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Provision for environmental liabilities and decommissioning of assets</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;31,281 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;21,187 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.14</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Accrued/(reversal) for consumption and services</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;12,417 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;3,749 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.16</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Receivables by indemnity</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(13,285)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(512,754)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.17</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Net gains on the sale of the shares of CSN Minera&ccedil;&atilde;o.</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(2,472,497)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.18</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Net gains on the sale of the shares of Usiminas</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(505,844)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.19</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Dividends USIMINAS</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(176,512)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.20</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;32,783 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;22,884 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Changes in assets and liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,220,829 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,056,274 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Trade receivables - third parties</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(962,073)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;60,297 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Trade receivables - related party</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(939,599)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(153,234)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Inventory</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(3,020,516)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;625,994 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.04</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Receivables related parties/dividends</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,868,493 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;946,259 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.05</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Recoverable taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;549,554 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;589,972 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.06</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Judicial deposits</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(16,390)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;20,256 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.09</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Trade payables</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;102,195 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,326,253 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.10</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Trade payables &#8211; Drawee risk</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,835,533 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(548,159)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.11</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Payroll and related taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;61,800 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;40,501 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.12</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Interest received</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;366,116 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;110,562 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.13</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Payables to related parties </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;22,957 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(217,251)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.15</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Interest paid </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(599,523)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(766,529)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.17</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Interest received</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,202 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.18</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(47,718)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;20,151 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Net cash investment activities</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,629,974 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(852,338)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.02.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Investments / AFAC / Acquisitions of Shares </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(1,048,117)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(76,133)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.02.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Purchase of property/intangible assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(710,518)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(568,613)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.02.06</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Net cash received from sale of CSN Minera&ccedil;&atilde;o's shares</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3,164,612 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.02.07</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Intercompany loans granted </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(145,892)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(2,365,393)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.02.09</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Intercompany loans received</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(280)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,241,226 </FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 15%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.02.11</FONT></TD>
    <TD STYLE="width: 55%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial Investments, net of redemption</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 15%; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,370,169 </FONT></TD>
    <TD STYLE="white-space: nowrap; width: 15%; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(83,425)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Net cash used in financing activities </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(12,468,096)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;51,683 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.03.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Borrowings and financing raised</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;190,903 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;80,744 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.03.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Transactions cost - Borrowings and financing</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(9,863)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(18,478)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.03.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Borrowings and financing &#8211; related parties</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,830,102 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,421,713 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.03.05</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Amortization of borrowings and financing</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(4,265,560)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(1,570,158)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.03.06</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Amortization of borrowings and financing - related parties</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(7,556,745)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(843,642)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.03.07</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Amortization of leases</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(7,485)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(18,319)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.03.08</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Dividends and interest on shareholder&#8217;s equity </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(2,649,448)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(177)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.05</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Increase (decrease) in cash and cash equivalents</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(3,076,315)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,978,619 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.05.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Cash and equivalents at the beginning of the year</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4,647,125 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;392,107 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.05.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Cash and equivalents at the end of the year</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,570,810 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,370,726 </FONT></TD></TR>
  </TABLE>
<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>


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<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD COLSPAN="8" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt"><B>Parent
    Company Financial Statements / Statement of Changes in Equity - 01/01/2021 to 09/30/2021</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt"><B>(R$
    thousand)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 44%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt"><B>Code</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt"><B>Description</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt"><B>Paid-up
    capital</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt"><B>Capital
    reserve, granted options and treasury shares</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt"><B>Earnings
    reserve</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt"><B>Retained
    earnings (accumulated losses)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt"><B>Other
    comprehensive income</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt"><B>Shareholders&#8217;
    equity</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">5.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Opening
    balances</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;6,040,000
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">32,720
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">5,824,350
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(1,983,619)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">9,913,451
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">5.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Adjusted
    opening balances</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;6,040,000
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">32,720
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;5,824,350
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(1,983,619)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">9,913,451
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">5.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Capital
    transaction with shareholders</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(1,750,000)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">820,203
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(929,797)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">5.04.06</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Dividends</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(1,750,000)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(1,750,000)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">5.04.08</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Net
    gain of transaction primary and secondary distribution shares of CSN Minera&ccedil;&atilde;o</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">829,486
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">829,486
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">5.04.09</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(Loss)
    / gain on the percentage change in investments</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(9,283)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(9,283)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">5.05</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">Total
    comprehensive income</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;11,355,323
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(144,162)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">11,211,161
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">5.05.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">Net
    income for the period</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;11,355,323
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">11,355,323
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">5.05.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">Other
    comprehensive income</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(144,162)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(144,162)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">5.05.02.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">Translation
    adjustments for the year</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(18,060)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(18,060)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">5.05.02.06</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">Actuarial
    gains/(losses) on pension plan, net of taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">77
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">77
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">5.05.02.07</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">(Loss)
    / gain on cash flow hedge accounting, net of taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;15,300
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">15,300
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">5.05.02.08</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">Treasury
    shares acquired by subsidiary - reflex </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(141,479)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(141,479)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">5.07</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">Closing
    balance</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">6,040,000
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;32,720
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">5,824,350
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;9,605,323
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(1,307,578)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">20,194,815
    </FONT></TD></TR>
  </TABLE>
<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 10 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD COLSPAN="8" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt"><B>Parent
    Company Financial Statements / Statement of Changes in Equity - 01/01/2020 to 09/30/2020</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt"><B>(R$
    thousand)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 44%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt"><B>Code</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt"><B>Description</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt"><B>Paid-up
    capital</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt"><B>Capital
    reserve, granted options and treasury shares</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt"><B>Earnings
    reserve</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt"><B>Retained
    earnings (accumulated losses)</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt"><B>Other
    comprehensive income</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt"><B>Shareholders&#8217;
    equity</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">5.01</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Opening
    balances</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;4,540,000
    </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;32,720
    </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">4,431,200
    </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">1,170,624
    </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">10,174,544
    </FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">5.03</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Adjusted
    opening balances</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;4,540,000
    </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;32,720
    </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">4,431,200
    </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;1,170,624
    </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">10,174,544
    </FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">5.05</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Total comprehensive income</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;65,113
    </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(5,242,930)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(5,177,817)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">5.05.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">Net
    income for the period</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">65,113
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">65,113
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">5.05.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">Other
    comprehensive income</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(5,242,930)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(5,242,930)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">5.05.02.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">Translation
    adjustments for the year</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;649,335
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">49,335
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">5.05.02.07</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">Actuarial
    gains/(losses) on pension plan, net of taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">89
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;89
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">5.05.02.12</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">(Loss)
    / gain on the percentage change in investments</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">6,243
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;6,243
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">5.05.02.13</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">(Loss)
    / gain hedge accounting, net of taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(5,900,066)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(5,900,066)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">5.05.02.14</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">(Loss)/gain
    Hedge accounting net investment abroad</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;1,469
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;1,469
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">5.07</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">Closing
    balance</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;4,540,000
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">32,720
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;4,431,200
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;65,113
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(4,072,306)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">4,996,727
    </FONT></TD></TR>
  </TABLE>
<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 11 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD COLSPAN="4" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif"><B>Parent Company Financial Statements / Statement of Value Added</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="4" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>(R$ thousand)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 15%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt"><B>Code</B></FONT></TD>
    <TD STYLE="width: 55%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt"><B>Description</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt"><B>Year to date 01/01/2021 to 09/30/2021</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt"><B>YTD
    previous year 01/01/2020 to 09/30/2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Revenues</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">26,239,778 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">12,412,192 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.01.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Sales of products and rendering of services</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">22,911,052 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">12,218,076 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.01.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Other revenues</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3,329,657 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;191,532 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.01.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Allowance for (reversal of) doubtful debts</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(931)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,584 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Raw materials acquired from third parties</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(16,092,623)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(11,099,220)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.02.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Cost of sales and services</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(14,498,351)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(8,885,496)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.02.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Materials, electric power, outsourcing and other</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(1,532,883)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(2,233,368)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.02.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Impairment/recovery of assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(61,389)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;19,644 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Gross value added</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">10,147,155 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,312,972 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Retentions</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(637,302)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(648,994)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.04.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Depreciation, amortization and depletion</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(637,302)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(648,994)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.05</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Value added created</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">9,509,853 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;663,978 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.06</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Value added received</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">5,407,326 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,591,170 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.06.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Equity in results of affiliates companies</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4,094,082 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;592,456 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.06.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial income</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,014,750 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;635,636 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.06.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">298,494 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;363,078 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.07</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Value added for distribution</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">14,917,179 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,255,148 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.08</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Value added distributed</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">14,917,179 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,255,148 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.08.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Personnel</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">947,787 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;962,149 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.08.01.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Salaries and wages</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">710,181 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;727,468 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.08.01.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Benefits</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">194,753 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;185,240 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.08.01.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Severance payment (FGTS) </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">42,853 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;49,441 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.08.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Taxes, fees and contributions</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,599,425 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;904,198 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.08.02.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Federal</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,198,074 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;758,549 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.08.02.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">State</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">401,351 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;145,649 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.08.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Remuneration on third-party capital</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,014,644 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;323,688 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7.08.03.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Interest</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">543,460 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,052,970 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.03.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Rental</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3,764 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,983 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.03.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">467,420 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(731,265)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.03.03.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Other and passive exchange variations</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">467,420 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(731,265)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Remuneration on Shareholders' capital</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">11,355,323 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;65,113 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.04.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Dividends</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,750,000 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.04.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Retained earnings (accumulated losses)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">9,605,323 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;65,113 </FONT></TD></TR>
  </TABLE>
<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 12 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 9pt Arial,sans-serif; margin: 0"><B>&nbsp;</B></P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD COLSPAN="4" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif"><B>Consolidated Financial Statements / Balance Sheet - Assets</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; width: 15%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>(R$ thousand)</B></FONT></TD>
    <TD STYLE="vertical-align: bottom; width: 55%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 15%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; width: 15%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt"><B>Code</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt"><B>Description</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt"><B>Current Quarter 09/30/2021</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt"><B>Previous Year 12/31/2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Total assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">76,072,001 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">63,002,149 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Current assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">33,609,000 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">23,386,194 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Cash and cash equivalents</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">15,255,105 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;9,944,586 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial investments</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;3,190,589 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;3,783,362 </FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.02.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial investments measured a fair value through profit or loss</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;2,565,009 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;3,305,109 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.02.01.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial investments measured a fair value through profit or loss &#8211; Usiminas&#8217; shares</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;2,565,009 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;3,305,109 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.02.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial investments at amortized cost</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">625,580 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">478,253 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Trade receivables</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;3,242,438 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;2,867,352 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.04</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Inventory</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">10,038,794 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;4,817,586 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.06</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Recoverable taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,105,666 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,605,494 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.08</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Other current assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">776,408 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">367,814 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.08.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">776,408 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">367,814 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.08.03.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Prepaid expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">297,467 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">211,027 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.08.03.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Dividends and interest on equity</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">208,672 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">38,088 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.08.03.04</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Derivative financial instruments</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">82,736 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.01.08.03.05</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">187,533 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">118,699 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Non-current assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">42,463,001 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">39,615,955 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Long-term assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;9,788,844 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;8,887,158 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02.01.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial investments at amortized cost</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">141,544 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">123,409 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02.01.05</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Inventory</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">491,159 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">347,304 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02.01.07</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Deferred taxes assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;4,019,286 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;3,874,946 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02.01.10</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Other non-current assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;5,136,855 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;4,541,499 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02.01.10.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Recoverable taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">936,963 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">938,452 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02.01.10.04</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Judicial deposits</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">358,668 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">325,117 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02.01.10.05</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Prepaid expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">103,894 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">129,455 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02.01.10.06</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Receivable from related parties</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,924,365 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,630,070 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02.01.10.07</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,812,965 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,518,405 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Investments </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;4,052,049 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;3,695,780 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02.02.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Equity interest</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;3,889,104 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;3,535,906 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02.02.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Investment Property</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">162,945 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">159,874 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Property, plant and equipment</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">20,950,180 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">19,716,223 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02.03.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Property, plant and equipment in operation</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">16,701,229 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">15,519,233 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02.03.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Right of use in leases</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">576,442 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">516,668 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02.03.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Property, plant and equipment in progress</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;3,672,509 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;3,680,322 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1.02.04</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Intangible assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;7,671,928 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;7,316,794 </FONT></TD></TR>
  </TABLE>
<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 13 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD COLSPAN="4" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif"><B>Consolidated Financial Statements / Balance Sheet &#8211; Liabilities</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="4" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>(R$ thousand)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 15%">&nbsp;</TD>
    <TD STYLE="width: 55%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 15%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt"><B>Code</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt"><B>Description</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt"><B>Current Quarter 09/30/2021</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt"><B>Previous Year 12/31/2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Total Liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;76,072,001 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">63,002,149 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Current liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;22,192,748 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">14,725,696 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Payroll and related taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">401,142 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;282,630 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Trade payables</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;6,567,758 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4,819,539 </FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Tax payables</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;3,578,891 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,058,362 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.04</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Borrowings and financing</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;3,938,516 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4,126,453 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.05</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Other payables</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;7,624,156 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3,357,639 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.05.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;7,624,156 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3,357,639 </FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.05.02.04</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Dividends and interests on shareholder&acute;s equity</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;2,535 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;946,133 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.05.02.05</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Advances from clients</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;2,838,239 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,100,772 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.05.02.06</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Trade payables &#8211; Drawee risk</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;3,459,394 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;623,861 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.05.02.07</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Lease liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">105,752 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;93,626 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.05.02.08</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Derivative financial instruments</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">8,722 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.05.02.09</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Other payables</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,218,236 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;584,525 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.06</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Provisions</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">82,285 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;81,073 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.01.06.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Provision for tax, social security, labor and civil risks</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">82,285 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;81,073 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Non-current liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;30,577,158 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">37,024,948 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.02.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Borrowings and financing</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;25,744,378 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">31,144,200 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.02.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Other payables</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;2,120,150 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3,145,336 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.02.02.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;2,120,150 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3,145,336 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.02.02.02.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Advances from clients</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,125,572 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,725,838 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.02.02.02.04</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Lease liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">496,134 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;436,505 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.02.02.02.05</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Derivative financial instruments</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">99,012 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;97,535 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.02.02.02.06</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Trade payables</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">104,400 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;543,527 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.02.02.02.07</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Other payables</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">295,032 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;341,931 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.02.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Deferred taxes assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">562,329 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;618,836 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.02.04</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Provisions</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;2,150,301 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,116,576 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.02.04.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Provision for tax, social security, labor and civil risks</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">505,942 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;554,315 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.02.04.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Other provisions</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,644,359 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,562,261 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.02.04.02.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Provision for environmental liabilities and decommissioning of assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">885,933 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;803,835 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.02.04.02.04</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Pension and healthcare plan</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">758,426 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;758,426 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Shareholders&#8217; equity</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;23,302,095 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">11,251,505 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.03.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Paid-up capital</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;6,040,000 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6,040,000 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.03.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Capital reserves</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">32,720 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;32,720 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.03.04</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Earnings reserves</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;5,824,350 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">5,824,350 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.03.04.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Legal reserve</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">468,291 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;468,291 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.03.04.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Statutory reserve</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;5,414,323 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">5,414,323 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.03.04.09</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Treasury shares</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(58,264)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(58,264)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.03.05</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Accumulated earnings (losses)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;9,605,323 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.03.08</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Other comprehensive income</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(1,307,578)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(1,983,619)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2.03.09</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Earnings attributable to the non-controlling interests</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;3,107,280 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,338,054 </FONT></TD></TR>
  </TABLE>
<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 14 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD COLSPAN="6" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt"><B>Consolidated
    Financial Statements / Statements of Income</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="4" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt"><B>(R$
    thousand)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 8%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt"><B>Code</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 44%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt"><B>Description</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt"><B>Current
    Quarter 07/01/2021 to 09/30/2021</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt"><B>Year
    to date 01/01/2021 to 09/30/2021</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt"><B>Same
    quarter previous year 07/01/2020 to 09/30/2020</B></FONT></TD>
    <TD STYLE="width: 12%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt"><B>YTD
    previous year 01/01/2020 to 09/30/2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Revenues
    from sale of goods and rendering of services</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;10,246,173
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;37,551,074
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;8,714,583
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;20,269,919
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Costs
    from sale of goods and rendering of services</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(5,941,522)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(19,231,398)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(5,133,126)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(13,528,898)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Gross
    profit</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;4,304,651
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;18,319,676
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;3,581,457
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;6,741,021
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Operating
    (expenses)/income</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(625,288)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(354,671)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(1,422,016)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(3,932,678)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.04.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Selling
    expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(603,615)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(1,706,395)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(606,938)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(1,398,316)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.04.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">General
    and administrative expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(158,853)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(438,756)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(124,180)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(369,681)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.04.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Other
    operating income</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;8,922
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;2,705,119
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">25,549
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">432,506
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.04.05</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Other
    operating expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">33,269
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(1,078,194)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(742,417)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(2,606,403)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.04.06</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Equity
    in results of affiliated companies</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">94,989
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">163,555
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">25,970
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;9,216
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.05</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Income
    before financial income (expenses) and taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;3,679,363
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;17,965,005
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;2,159,441
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;2,808,343
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.06</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Financial
    income (expenses)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(943,426)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(1,483,984)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(156,049)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(1,072,330)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.06.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Financial
    income</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(297,930)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;1,079,410
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">134,489
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">656,290
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.06.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Financial
    expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(645,496)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(2,563,394)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(290,538)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(1,728,620)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.06.02.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Net
    exchange differences over financial instruments</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">247,882
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(138,476)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(69,751)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">277,491
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.06.02.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Financial
    expenses</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(893,378)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(2,424,918)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(220,787)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(2,006,111)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.07</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;Income
    before income taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;2,735,937
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;16,481,021
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;2,003,392
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;1,736,013
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.08</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Income
    tax and social contribution </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(1,411,285)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(3,946,396)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(741,797)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(1,340,227)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.09</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Net
    income from continued operations</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;1,324,652
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;12,534,625
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;1,261,595
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">395,786
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.11</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Consolidated
    net income for the year</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;1,324,652
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;12,534,625
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;1,261,595
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">395,786
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.11.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Earnings
    attributable to the controlling interests</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;1,149,537
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;11,355,323
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;1,080,786
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">65,113
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.11.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Earnings
    it attributable to the non-controlling interests</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">175,115
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;1,179,302
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">180,809
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">330,673
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.99.01.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Common
    shares</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">1.12742
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">8.22781
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">0.78311
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">0.04718
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">3.99.02.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Common
    shares</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">1.12742
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">8.22781
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">0.78311
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">0.04718
    </FONT></TD></TR>
  </TABLE>
<P STYLE="font: 9pt Arial,sans-serif; margin: 0"><B>&nbsp;</B></P>



<!-- Field: Page; Sequence: 15 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD COLSPAN="6" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt"><B>Consolidated
    Financial Statements / Statement of Comprehensive Income</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="4" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt"><B>(R$
    thousand)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 8%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 44%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 12%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 12%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 12%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 12%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">Code</FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt">Description</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt"><B>Current
    Quarter 07/01/2021 to 09/30/2021</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt"><B>Year
    to date 01/01/2021 to 09/30/2021</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt"><B>Same
    quarter previous year 07/01/2020 to 09/30/2020</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 8pt"><B>YTD
    previous year 01/01/2020 to 09/30/2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">4.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Consolidated
    net income for the year</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;1,324,652
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">12,534,625
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">1,261,595
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;395,786
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">4.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Other
    comprehensive income</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(966,533)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(183,424)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(246,566)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(5,252,220)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">4.02.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Actuarial
    gains over pension plan of subsidiaries, net of taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">32
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;87
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">34
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;97
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">4.02.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Cumulative
    translation adjustments for the year </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">174,408
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(18,060)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">135,882
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;649,335
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">4.02.06</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Treasury
    shares acquired by subsidiary</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(180,819)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(180,819)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">4.02.09</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(Loss)/gain
    on the percentage change in investments</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">1,631
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">6,243
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">4.02.10</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(Loss)/gain
    cash flow hedge accounting, net of taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(998,799)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(302,649)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(834,789)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(7,499,721)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">4.02.12</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(Loss)/gain
    on hedge of net investment in foreign operations. </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">1,469
    </FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">4.02.13</FONT></TD>
    <TD STYLE="vertical-align: bottom; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Cash
    flow hedge reclassified to income upon realization, net of taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">65,222
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;317,472
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">450,676
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">1,590,357
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">4.02.15</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Cash
    flow hedge - Platts, reclassified to income upon realization, net of taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(204,435)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;18,300
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">4.02.16</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(Loss)/gain cash flow
    hedge accounting &#8211; &#8220;Platts&#8221;, net taxes, from investments in subsidiaries</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">177,858
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(17,755)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">4.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Consolidated
    comprehensive income for the year</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">358,119
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">12,351,201
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">1,015,029
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(4,856,434)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">4.03.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Earnings
    attributable to the controlling interests</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">228,122
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">11,211,161
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">843,512
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;(5,177,817)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">4.03.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">Earnings
    it attributable to the non-controlling interests</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">129,997
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">1,140,040
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">171,517
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">&nbsp;321,383
    </FONT></TD></TR>
  </TABLE>
<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 16 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD COLSPAN="4" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif"><B>Consolidated Financial Statements / Statements of Cash Flows &#8211; Indirect Method</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>(R$ thousand)</B></FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 15%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 55%">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 15%">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 15%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Code</B></FONT></TD>
    <TD STYLE="white-space: nowrap; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Description</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>Year to date 01/01/2021 to 09/30/2021</B></FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>YTD
    previous year 01/01/2020 to 09/30/2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Net cash from operating activities</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">13,455,539 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;5,586,004 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Cash from operations</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">13,144,258 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;4,504,812 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Earnings
    attributable to the controlling interests</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">11,355,323 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;65,113 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Earnings attributable to the non-controlling interests</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,179,302 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;330,673 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial charges in borrowing and financing raised</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,580,062 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,449,560 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial charges in borrowing and financing granted</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(36,869)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(26,846)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.05</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Charges on lease liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">45,172 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;39,814 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.06</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Depreciation, amortization and depletion</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,569,893 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,376,433 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.07</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Equity in results of affiliated companies</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(163,555)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(9,216)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.08</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Deferred taxes assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;286,915 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(77,474)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.09</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Provision for tax, social security, labor, civil and environmental risks</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(47,479)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(22,258)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.10</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Monetary, exchange ande derivative financial instruments, net</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;684,266 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,990,497 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.12</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Updated shares &#8211; Fair value through profit or loss </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(185,944)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(100,314)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.13</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Write-off of property, plant and equipment and Intangible assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4,546 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;4,716 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.14</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Accrued/(reversal) for consumption and services</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,808 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;20,147 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.15</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Provision for environmental liabilities and decommissioning of assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">76,311 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;24,736 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.16</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Net gains on the sale of the shares of CSN Minera&ccedil;&atilde;o.</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(2,472,497)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.17</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Net gains on the sale of the shares of Usiminas</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(505,844)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.18</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Receivables by indemnity</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(13,285)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(512,754)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.19</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Dividends USIMINAS</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(179,215)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.01.20</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(34,652)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(48,015)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Changes in assets and liabilities</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;311,281 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,081,192 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Trade receivables - third parties</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,322,434 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(406,493)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Trade receivables - related party</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(68,362)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;13,391 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Inventory</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(4,734,305)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;548,764 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.05</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Recoverable taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;529,495 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;555,450 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.06</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Judicial deposits</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(33,531)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;2,619 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.08</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Trade payables</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,292,726 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,252,949 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.09</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Trade payables &#8211; Drawee risk</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,835,533 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(515,927)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.10</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Payroll and related taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;114,411 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;76,802 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.11</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Tax payables</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,442,686 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,124,159 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.12</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Payables to related parties </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(44,825)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(22,214)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.13</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Advances from clients</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(481,431)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;110,482 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.14</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Interest paid </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(1,702,971)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(1,577,315)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.17</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Cash flow hedge accounting</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(82,987)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(31,814)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.01.02.18</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(77,592)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(49,661)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Net cash investment activities</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,218,689 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(1,348,220)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.02.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Investments acquisition ofshares</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(150,994)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(69,686)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.02.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Purchase of property/intangible assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(1,899,832)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(1,118,154)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.02.06</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Intercompany loans granted </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(116,000)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(101,631)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.02.07</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Intercompany loans received</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;14,584 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.02.08</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Financial Investments, net of redemption</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,157,637 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(73,333)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.02.11</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Net cash received from sale of CSN Minera&ccedil;&atilde;o's shares</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3,164,612 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.02.12</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Cash on Elizabeth's consolidation</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">54,768 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.02.13</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Deposit in guarantee for the acquisition of LafargeHolcim</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(263,750)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.02.14</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Price paid in investments</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(727,752)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Net cash used in financing activities </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(9,356,140)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;442,190 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.03.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Borrowings and financing raised</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">8,307,523 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;6,008,548 </FONT></TD></TR>
  </TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 15%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.03.02</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 55%; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Transactions cost - Borrowings and financing</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 15%; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(159,795)</FONT></TD>
    <TD STYLE="white-space: nowrap; width: 15%; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(35,923)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.03.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Amortization of borrowings and financing</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(15,334,408)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(5,320,116)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.03.06</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Amortization of leases</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(81,696)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(75,398)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.03.07</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Dividends and interest on shareholder&#8217;s equity </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(3,290,487)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(134,921)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.03.10</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Issuance of new CSN Minera&ccedil;&atilde;o's shares</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,347,862 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.03.11</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Repurchase of treasury stock</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(145,139)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Exchange rate on translating cash and cash equivalents</FONT></TD>
    <TD STYLE="text-align: right; white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(7,569)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(44,501)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">6.05</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">Increase (decrease) in cash and cash equivalents</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">5,310,519 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;4,635,473 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">6.05.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Cash and equivalents at the beginning of the year</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">9,944,586 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;1,088,955 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">6.05.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Cash and equivalents at the end of the year</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">15,255,105 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;5,724,428 </FONT></TD></TR>
  </TABLE>
<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 18 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD COLSPAN="10" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Consolidated
    Financial Statements / Statements of Changes in Equity - 01/01/2021 to 09/30/2021</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>(R$
    thousand)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 8%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Code</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 28%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Description</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Paid-up
    capital</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Capital
    reserve, granted options and treasury shares</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Earnings
    reserve</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Retained
    earnings (accumulated losses)</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Other
    comprehensive income</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Shareholders&#8217;
    equity</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Non-controlling
    interests</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Shareholders&#8217;
    equity</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Opening
    balances</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">6,040,000
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;32,720
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5,824,350
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(1,983,619)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">9,913,451
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;1,338,054
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">11,251,505
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Adjusted
    opening balances</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">6,040,000
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">32,720
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5,824,350
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(1,983,619)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;9,913,451
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">1,338,054
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">11,251,505
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Capital
    transaction with shareholders</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(1,750,000)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;820,203
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(929,797)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">629,186
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(300,611)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.04.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Capital
    increase</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">294,900
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">294,900
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.04.06</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Dividends</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(1,750,000)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(1,750,000)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(598,156)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(2,348,156)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.04.08</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Net
    gain of transaction primary and secondary distribution shares of CSN Minera&ccedil;&atilde;o</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;829,486
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">829,486
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;923,159
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">1,752,645
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.04.09</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(Loss)/gain
    on the percentage change in investments</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(9,283)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(9,283)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">9,283
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.05</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Total
    comprehensive income</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">11,355,323
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(144,162)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">11,211,161
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">1,140,040
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">12,351,201
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.05.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Net
    income for the year</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">11,355,323
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">11,355,323
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;1,179,302
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">12,534,625
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.05.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Other
    comprehensive income</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(144,162)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(144,162)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(39,262)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(183,424)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.05.02.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Translation
    adjustments for the year</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(18,060)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(18,060)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(18,060)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.05.02.06</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Actuarial
    gains/(losses) on pension plan, net of taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;77
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;77
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">10
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;87
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.05.02.07</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(Loss)
    / gain on cash flow hedge accounting, net of taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;15,300
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">15,300
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">68
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">15,368
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.05.02.08</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Treasury
    shares acquired by subsidiary</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(141,479)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(141,479)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(39,340)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(180,819)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.07</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Closing
    balance</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">6,040,000
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;32,720
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5,824,350
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;9,605,323
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(1,307,578)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">20,194,815
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;3,107,280
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">23,302,095
    </FONT></TD></TR>
  </TABLE>
<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 19 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->17<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD COLSPAN="10" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Consolidated
    Financial Statements / Statements of Changes in Equity - 01/01/2020 to 09/30/2020</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="2" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>(R$
    thousand)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 8%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Code</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 28%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Description</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Paid-up
    capital</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Capital
    reserve, granted options and treasury shares</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Earnings
    reserve</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Retained
    earnings (accumulated losses)</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Other
    comprehensive income</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Shareholders&#8217;
    equity</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Non-controlling
    interests</B></FONT></TD>
    <TD STYLE="width: 8%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Shareholders&#8217;
    equity</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Opening balances</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">4,540,000
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;32,720
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">4,431,200
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;1,170,624
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">10,174,544
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">1,187,388
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">11,361,932
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.03</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Adjusted opening balances</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">4,540,000
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">32,720
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">4,431,200
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">1,170,624
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">10,174,544
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;1,187,388
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">11,361,932
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.04</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Capital transaction with
    shareholders</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(162,647)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(162,647)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.04.06</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Dividends</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(134,745)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(134,745)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.04.07</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Interest on equity</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(27,902)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(27,902)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.05</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Total comprehensive income</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">65,113
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(5,242,930)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(5,177,817)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;321,383
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(4,856,434)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.05.01</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Net income for the year</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">65,113
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;65,113
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">330,673
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">395,786
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.05.02</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Other comprehensive income</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(5,242,930)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(5,242,930)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(9,290)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(5,252,220)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.05.02.04</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Translation adjustments
    for the year</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">649,335
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">649,335
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">649,335
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.05.02.07</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Actuarial gains/(losses)
    on pension plan, net of taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">89
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">89
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;8
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">97
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.05.02.12</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(Loss)/gain
    on the percentage change in investments</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;6,243
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;6,243
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;6,243
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.05.02.13</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(Loss) / gain on cash
    flow hedge accounting, net of taxes</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(5,900,066)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(5,900,066)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(9,298)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(5,909,364)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.05.02.14</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(Loss) / gain on hedge
    of net investment in foreign operations</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;1,469
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;1,469
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">-&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;1,469
    </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">5.07</FONT></TD>
    <TD STYLE="font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Closing balance</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;4,540,000
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">32,720
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">4,431,200
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">65,113
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(4,072,306)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;4,996,727
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">1,346,124
    </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;6,342,851
    </FONT></TD></TR>
  </TABLE>
<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 20 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 12pt">
  <TR>
    <TD COLSPAN="4" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif"><B>Consolidated Financial Statements / Statements of Value Added</B></FONT></TD></TR>
  <TR>
    <TD COLSPAN="4" STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt"><B>(R$ thousand)</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 15%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt"><B>Code</B></FONT></TD>
    <TD STYLE="white-space: nowrap; width: 55%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt"><B>Description</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt"><B>Year to date 01/01/2021 to 09/30/2021</B></FONT></TD>
    <TD STYLE="width: 15%; border-bottom: Black 1pt solid; font-family: Times New Roman,serif; text-align: center"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt"><B>YTD
    previous year 01/01/2020 to 09/30/2020</B></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Revenues</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;45,957,315 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;23,028,028 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.01.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Sales of products and rendering of services</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;42,624,813 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;22,818,215 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.01.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Other revenues</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3,331,827 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;205,079 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.01.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Allowance for (reversal of) doubtful debts</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;675 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;4,734 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Raw materials acquired from third parties</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(23,063,989)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(16,005,568)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.02.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Cost of sales and services</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(19,507,744)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(12,276,717)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.02.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Materials, electric power, outsourcing and other</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(3,423,080)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(3,658,054)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.02.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Impairment/recovery of assets</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(133,165)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">(70,797)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Gross value added</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;22,893,326 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7,022,460 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Retentions</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(1,565,822)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(1,372,557)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.04.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Depreciation, amortization and depletion</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(1,565,822)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;(1,372,557)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.05</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Value added created</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;21,327,504 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">5,649,903 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.06</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Value added received</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,889,836 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,636,493 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.06.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Equity in results of affiliated companies</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;163,555 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;9,216 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.06.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Financial income</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,079,410 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;656,290 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.06.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;646,871 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;970,987 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.07</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Value added for distribution</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;23,217,340 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7,286,396 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Value added distributed</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;23,217,340 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">7,286,396 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Personnel</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,747,915 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,652,791 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.01.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Salaries and wages</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,348,782 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,284,313 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.01.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Benefits</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;331,682 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;291,973 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.01.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Severance payment (FGTS) </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;67,451 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;76,505 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Taxes, fees and contributions</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">5,716,728 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,532,531 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.02.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Federal</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">4,881,018 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,246,836 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.02.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">State</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;803,428 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;259,321 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.02.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Municipal</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;32,282 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;26,374 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Remuneration on third-party capital</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">3,218,072 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,705,288 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.03.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Interest</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,608,643 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">2,006,111 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.03.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Rental</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;7,809 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;5,681 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.03.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Others</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,601,620 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;693,496 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.03.03.01</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Others and exchange losses</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,601,620 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;693,496 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Remuneration on Shareholders' capital</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;12,534,625 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;395,786 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.04.02</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Dividends</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,750,000 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">-&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.04.03</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Retained earnings (accumulated losses)</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">9,605,323 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;65,113 </FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">7.08.04.04</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif"><FONT STYLE="font-family: Calibri,sans-serif; font-size: 11pt">Non-controlling interests in retained earnings</FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">1,179,302 </FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Times New Roman,serif; text-align: right"><FONT STYLE="font-family: Arial,sans-serif; font-size: 10pt">&nbsp;330,673 </FONT></TD></TR>
  </TABLE>
<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>


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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0; border-bottom: Black 0.5pt solid"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">1.</TD><TD STYLE="text-align: justify">DESCRIPTION OF BUSINESS</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Companhia Sider&uacute;rgica Nacional &#8220;CSN&#8221;, also referred
to as the &#8220;Company&#8221;, is a publicly held company incorporated on April 9, 1941, under the laws of the Federative Republic of
Brazil (Companhia Sider&uacute;rgica Nacional, its subsidiaries, joint ventures, joint operations and associates are collectively referred
to herein as the &quot;Group&#8221;). The Company&#8217;s registered office is located in S&atilde;o Paulo, SP, Brazil.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 144.75pt">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">CSN is listed on the S&atilde;o Paulo Stock Exchange (B3 S.A.- Brasil,
Bolsa, Balc&atilde;o) and on the New York Stock Exchange (NYSE).</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Group's main operating activities are divided into five (5)
segments as follows:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 9pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 9pt"><B>Steel:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company&#8217;s main industrial facility is the Presidente Vargas
steelworks (&#8220;UPV&#8221;), located in the city of Volta Redonda, State of Rio de Janeiro. This segment consolidates all operations
related to the production, distribution and sale of flat steel, long steel, metallic containers and galvanized steel. In addition to the
facilities in Brazil, CSN has commercial operations in the United States and operations in Portugal and Germany to achieve markets and
providing excellent services for final consumers. Its steel is used in home appliances, civil construction and automobile industries.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-size: 9pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 9pt"><B>Mining:</B></FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The production of iron ore is developed in the cities of Congonhas,
Ouro Preto and Belo Vale, State of Minas Gerais &#8211; by subsidiary CSN Minera&ccedil;&atilde;o.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 6pt 0 0 2.85pt; text-align: justify">Iron ore is sold basically in the international market,
especially in Europe and Asia. The prices charged in these markets are historically cyclical and subject to significant fluctuations over
short periods of time, driven by several factors related to global demand, strategies adopted by the major steel producers, and the foreign
exchange rate. All these factors are beyond the Company&#8217;s control. The ore transportation is carried out through Terminal de Carv&atilde;o
e Min&eacute;rios do Porto de Itaguai &#8211; (&#8220;TECAR&#8221;), a solid bulk terminal, one of the four terminals that comprise the
Port of Itaguai, located in the State of Rio de Janeiro. Imports of coal and coke are also carried out through this terminal by provision
of services by CSN Minera&ccedil;&atilde;o to CSN. The Company&acute;s mining activities also comprises tin exploitation, which is based
in the State of Rond&ocirc;nia, to supply the needs of UPV. The excess of raw material is sold to subsidiaries and third parties.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">As a pioneer in the use of technologies that result in the possibility
of stacking the tailings generated in the iron ore production process, the Company has had its iron ore production since January 2020,
100% independent of tailings dams. After significant investments in recent years to raise the level of reliability, mischaracterization
and dry stacking, the Company has moved on to a scenario in which 100% of its waste goes through a dry filtration process and is disposed
of in geotechnically controlled batteries, areas exclusively destined for stacking. Approximately R$250 million was invested in the two
tailings filtration plants that have a combined total filtration capacity of 9 million tons per year.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">As a consequence of these measures, the decommissioning of the dams
is the natural way of processing dry waste.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">All of our mining dams are positively certified and comply with
the environmental legislation in force.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT></TD><TD STYLE="text-align: justify">Cements</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">CSN entered the cement production market, catapulted by the synergy
between this activity and CSN's current business. Beside the UPV facilities, in Volta Redonda / RJ, the Company installed a new business
unit, which produces CP-III type cement using the slag produced by the UPV&#8217;s own blast furnaces. It also explores limestone and
dolomite at the Arcos / MG unit, to meet the needs of the UPV and the cement plant. Additionally, in Arcos / MG, the clinker production
operation is located. As a result, the Company is self-sufficient in the production of cement, with an installed capacity of 4.7 million
tons per year.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">On January 31, 2021, the Company concluded the drop down of the
cement segment and, accordingly, all assets and liabilities related to the cement business were transferred from CSN to its subsidiary
recently incorporated CSN Cimentos S.A. (&#8220;CSN Cimentos&#8221;) see the note 11.c.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">On August 31, 2021, the Company completed the acquisition of control
of Elizabeth Cimentos S.A. (&quot;Elizabeth Cimentos&quot;) and Elizabeth Minera&ccedil;&atilde;o S.A. (&quot;Elizabeth Minera&ccedil;&atilde;o&quot;),
as detailed in note 4 - Business Combination. With the closing of the transaction, CSN Cimentos now has a total capacity of 6 million
tons per year</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">On September 9, 2021 a Purchase and Sale Agreement was signed for
the acquisition of 100% of LafargeHolcim's operations in Brazil. With the closing of the transaction, CSN Cimentos will have a total capacity
of 16.3 million tons per year. The deal was valued at US$1.025 billion, and the closing of the operation, which involves cash payment,
is subject to approval by the competition authority. On the same date, the Company deposited in an Escrow Account with Banco Santander,
the amount of US$50 million, equivalent to R$263.7 million, as part of the negotiations for the acquisition of LafargeHolcim.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT></TD><TD STYLE="text-align: justify">Logistics:</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><I>Railroads:</I></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">CSN has interests in three railroad companies: MRS Log&iacute;stica
S.A., which manages the former Southeast Railway System of Rede Ferrovi&aacute;ria Federal S.A (&#8220;RFFSA&#8221;)., Transnordestina
Log&iacute;stica S.A. (&#8220;TLSA&#8221;) and FTL - Ferrovia Transnordestina Log&iacute;stica S.A. (&#8220;FTL&#8221;), which the the
latter two hold the concession to operate the former Northeast Railway System of RFFSA, in the States of Maranh&atilde;o, Piau&iacute;,
Cear&aacute;, Rio Grande do Norte, Para&iacute;ba, Pernambuco, Alagoas and Sergipe, with TLSA being responsible for the rail links of
Eliseu Martins &#8211; Trindade, Trindade &#8211; Salgueiro, Salgueiro &#8211; Porto Suape, Salgueiro &#8211; Miss&atilde;o Velha and
Miss&atilde;o Velha - Pec&eacute;m (Railway System II), under construction, and FTL being responsible for the rail links of S&atilde;o
Luis - Altos, Altos - Fortaleza, Fortaleza &#8211; Souza, Souza - Recife/Jorge Lins, Recife/Jorge Lins &#8211; Salgueiro, Jorge Lins &#8211;
Propri&aacute;, Paula Cavalcanti &#8211; Cabedelo, Itabaiana - Macau (Railway System I).</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><I>Ports<B>:</B></I></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company operates in the State of Rio de Janeiro, by means of
its subsidiary Sepetiba Tecon S.A., operates the Container Terminal (&#8220;TECON&#8221;) and by means of its subsidiary CSN Minera&ccedil;&atilde;o,
the TECAR, both located at the Itagua&iacute; Port. Established in the harbor of Sepetiba, the mentioned port has a privileged highway,
railroad and maritime access.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">(&#8220;TECON&#8221;) is responsible for the shipments of CSN&acute;s
steel products, movement and storage of containers, vehicles, general cargo, among other products; and TECAR performs the operational
activities of loading and unloading of solid bulk ships, storage and distribution (road and rail) of coal, coke, zinc concentrate, sulfur,
iron ore and other bulk, intended for the seaborne market, for our own operation and for third parties.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT></TD><TD STYLE="text-align: justify">Energy:</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Since the energy supply is fundamental in CSN&acute;s production
process, the Company owns and operates facilities to generate electric power for guaranteeing its self-sufficiency.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">2.</TD><TD STYLE="text-align: justify">BASES OF PRESENTATION AND DECLARATION OF CONFORMITY</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">2.a)</TD><TD STYLE="text-align: justify">Declaration of conformity</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The consolidated and parent company condensed interim financial
information (&#8220;condensed quarterly information&#8221;) have been prepared and are being presented in accordance with accounting practices
adopted in Brazil based on the provisions of the Brazilian Corporate Law, pronouncements, guidelines and interpretations issued (CPC),
approved by CVM, besides the own standards issued by the Brazilian Securities and Exchange Commission (&#8220;CVM&#8221;) and International
Financial Reporting Standards (&#8220;IFRS&#8221;) issued by the International Accounting Standard Board (IASB) and highlight all the
relevant information of the interim financial statements, and only this information, is being disclosed and corresponds to the information
used by the Company's management in its activities.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">2.b)</TD><TD STYLE="text-align: justify">Basis of presentation</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0">The interim financial information has been prepared using the historical cost as the
basis of value, the net realizable value, the fair value or the recovery value, except when otherwise indicated.</P>

<P STYLE="font: 10pt PetrobrasSans; margin: 0">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The preparation of these interim financial information requires
Management to use certain accounting estimates, judgments and assumptions that affect the application of Accounting Polices and the amounts
reported on the balance sheet date of assets, liabilities, income and expenses may differ from actual future results. The assumptions
used are based on history and other factors considered relevant and are reviewed by the Company&#8217;s management.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The interim financial information has been prepared and is being
presented in accordance with CPC 21 (R1) - &#8220;Interim Financial Reporting&#8221; and IAS 34 - &#8220;Interim Financial Reporting&#8221;,
consistently with the standards issued by the CVM.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">This interim financial information does not include all requirements
of annual or full financial statements and, accordingly, should be read in conjunction with the Company&#8217;s financial statements for
the year ended December 31, 2020.The accounting policies and critical estimates, when applicable and relevant, are included in the respective
explanatory notes and are consistent with the previous period presented.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Therefore, in this interim financial information the following notes
are not repeated, either due to redundancy or to the materiality in relation to those already presented in the annual financial statements:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Note 10 &#8211; Consolidation and investment basis</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Note 12 &#8211; Intangible assets</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Note 18 &#8211; Income tax and social contributions</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Note 19 &#8211; Taxes in installments</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Note 20 &#8211; Provisions for tax, social security, labor, civil,
environmental risks and judicial deposits</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Note 30 &#8211; Employee benefits</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Note 31 - Commitments</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The interim financial information was approved by the Board of Directors
on November 03, 2021.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">2.c)</TD><TD STYLE="text-align: justify">Functional currency and presentation currency</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The accounting records included in the interim financial information
of each of the Company&#8217;s subsidiaries are measured using the currency of the principal of the economic environment in which each
subsidiary operates (&#8220;the functional currency&#8221;). The interim financial information is presented in R$ (reais), which is the
Company&#8217;s functional and reporting currency.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Foreign currency transactions are translated into the functional
currency using the exchange rates prevailing on the transaction or valuation dates, in which the items are remeasured. The balances of
the asset and liability accounts are translated using the exchange rate on the balance sheet date. As of September 30, 2021, US$1.00 is
equivalent to R$5.4394 (R$5.1967 on December 31, 2020) and &#8364;1.00 is equivalent to R$6.2983 (R$6.3779 on December 31, 2020), according
to the rates obtained from Central Bank of Brazil website</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">2.d)</TD><TD STYLE="text-align: justify">Statement of value added</TD></TR></TABLE>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 8pt; text-align: justify">Pursuant to Law 11,638/07, the presentation of the statement
of value added is required for all publicly-held companies. These statements were prepared in accordance with CPC 09 - Statement of Value
Added, approved by CVM Resolution 557/08. The IFRS does not require the presentation of this statement and for IFRS purposes is presented
as additional information.</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">3.</TD><TD STYLE="text-align: justify">IMPACTS OF COVID-19</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">At the end of 2019, the COVID-19 virus spread worldwide, and in
March 2020, the WHO (World Health Organization) declared a pandemic of this disease. Since the beginning of the pandemic, the Company
has adopted several precautionary measures in all its areas to reduce the exposure of its employees and to guarantee the continuity of
its business.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">In this sense, in 2020 all employees in chronic conditions of vulnerability
(risk group) were mapped and put on vacation and, since then, in a non-presential work regime (home office) together with most other employees
in order to reduce their corporate staff by around 50%. In 2021, the most critical stage of the pandemic, the Brazilian authorities adopted
more restrictive measures and the Company adopted home office to 80% of its employees who work in administrative roles in S&atilde;o Paulo.
In addition, masks were provided in the beginning of the pandemic for all employees, hand sanitizer was made available in all company</P>


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    <!-- Field: /Page -->

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">facilities, and we also released internal communications with preventive
measures in order to reinforce the hygiene protocols recommended by the competent authorities. As of the last week of September 2021,
the home-office model was discontinued and all employees returned to presential work</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company&#8217;s economic activity is directly linked to the
demand for steel products in the automotive, domestic and civil construction sectors, as well as iron ore, both in the domestic and international
markets. Any reduction in the activity of these sectors could affect the demand and the price of products and have significant impact
to the Company&#8217;s financial position and results.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Our portfolio of investments and the nature of our industrial plants
have long-term characteristics. The long-term operational and economic context to which the Company operates allows greater flexibility
in the strategies and plans to mitigate the risks and effects of the pandemic on its business and, consequently, ensure the maintenance
of the expected recoverability of its non-financial assets, whether investments, fixed assets and tax credits.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company did not experience any significant impact to its railway
and maritime logistics. There was also no impact to the availability of supplies that could have interrupted its operational activities.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">According to the guidelines of the Brazilian Securities and Exchange
Commission (CVM), the Company assessed any effects that are related to business continuity and its accounting estimates. Despite some
adverse effects perceived at the beginning of the pandemic, which over the rest of the year had already dissipated, such adverse effects
did not bring risks of continuity or the need for adjustments to accounting estimates that produced significant effects on the Company&#8217;s
business and consequently on its financial position.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company maintains all of its medium and long-term production
and sales forecasts.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">4.</TD><TD STYLE="text-align: justify">BUSINESS COMBINATION</TD></TR></TABLE>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">4.1 Acquisition of control of the companies Elizabeth Cimentos
and Elizabeth Minera&ccedil;&atilde;o.</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">On August 31, 2021 CSN Cimentos
S.A. acquired control of the cement business segment belonging to the Farallon fund, by acquiring 99.975% of the shares of Elizabeth Minera&ccedil;&atilde;o
and 99.99% of the shares of Elizabeth Cimentos, 88.746% of which directly and 11.254% indirectly. The assets acquired are located in the
northeast region of the country. Upon completion of the transaction, CSN Cimentos S.A. expects relevant operational, logistical, management
and commercial synergies, with room for evolution in the product mix and expansion of the client base. </FONT></P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: center"><IMG SRC="siditr3q216k_001.jpg" ALT=""></P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">a)</TD><TD STYLE="text-align: justify">Determination of the purchase price</TD></TR></TABLE>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">In according with CPC15 / IFRS3,
the purchase price is determined by the sum of the assets transferred, liabilities incurred, equity interests issued, non-controlling
interest and the fair value of any interest held prior to the transaction. The table below summarizes the price considered for accounting
purposes:</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>


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    <!-- Field: /Page -->

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: left">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 26%">Item</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 39%">Comment</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">Elizabeth Cimentos&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">Elizabeth Minera&ccedil;&atilde;o&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Reference</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left; border-top-color: Black; border-top-width: 0.5pt">Assets transferred</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify; border-top-color: Black; border-top-width: 0.5pt">Cash payment in the amount R$201 Million</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right; border-top-color: Black; border-top-width: 0.5pt">77,768</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;123,947</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">(i)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Assets transferred</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">Refers to financial adjustment of working capital and debt.</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(4,557)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(5,116)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">(i)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Equity instruments issued</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Shares issued by Elizabeth Cimentos and acquired by CSN Cimentos.</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;526,037</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">(ii)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: left">Purchase price considered for the business combination</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;599,248</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;118,831</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: justify">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">(i) The transaction
included payments by CSN Cimentos of R$77.7 million and R$123.9 million on August 31, 2021, and assets in the amount of R$4.5 million
and R$5.1 million, to be received during the third quarter of 2021, related to the working capital adjustment provided for in the sale
agreement. </FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">(ii) Elizabeth Cimentos
performed a primary issuance of 2,382,758,512 common shares, nominatives with no par value, which were fully acquired by CSN Cimentos.</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt">b)</TD><TD STYLE="text-align: justify">Goodwill on acquisition of control of Elizabeth Cimentos and Elizabeth Minera&ccedil;&atilde;o</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">In accordance with
item 32 of CPC15 / IFRS3, the acquirer must recognize goodwill based on expected future profitability on the acquisition date, measured
by the amount by which the purchase price exceeds the fair value of the assets and liabilities acquired (purchase price allocation). The
transaction generated goodwill for expected future profitability of R$107.1 million, as shown in the table below.</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 50%">Item</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 15%">Reference</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 14%">Elizabeth Cimentos&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 18%">Elizabeth Minera&ccedil;&atilde;o&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify; border-top-color: Black; border-top-width: 0.5pt">&nbsp;Purchase price considered&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;item (i) and (ii)&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;599,248</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;118,831</TD></TR>
  <TR>
    <TD DIR="LTR" STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;Fair value of the assets and liabilities acquired&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD DIR="LTR" STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;492,071</TD>
    <TD DIR="LTR" STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD DIR="LTR" STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;118,831</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: justify">&nbsp;Goodwill for future profitability expected&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;107,177</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: justify"></TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">The goodwill for expected
future earnings is recorded under intangible assets and, since it does not have a defined useful life, it is not amortized, in accordance
with CPC04/IAS38. As of 2022, CSN Cimentos will begin to perform the recoverability test for this asset in accordance with the requirements
of CPC01/IAS36. </FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">In the acquisition
of Elizabeth Minera&ccedil;&atilde;o, the price paid was fully allocated to the assets acquired, not generating goodwill for future profitability.
</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">(i) Fair value of
assets and liabilities acquired pre-merger</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">The following table
shows the fair value allocation for 100% of the assets acquired and liabilities assumed on August 31, 2021, considering the direct and
indirect interests, calculated based on independent appraisers' reports.</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>


<!-- Field: Page; Sequence: 26 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 39%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">&nbsp;Carrying amounts&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Fair value adjustments</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">&nbsp;Total fair value&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">&nbsp;Carrying amounts&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Fair value adjustments</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">&nbsp;Total fair value&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 1%; font-family: Arial, sans-serif; text-align: left">Cash and cash equivalents</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">52,570</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">52,570</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,197</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,197</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 1%; font-family: Arial, sans-serif; text-align: left">&nbsp;Trade receivables&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">27,571</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">27,571</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,027</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,027</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 1%; font-family: Arial, sans-serif; text-align: left">Receivables from related parties</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">96,374</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">96,374</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">9,035</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">9,035</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 1%; font-family: Arial, sans-serif; text-align: left">Inventories</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">44,157</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">44,157</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,017</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,017</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 1%; font-family: Arial, sans-serif; text-align: left">Recoverable taxes&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">18,616</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">18,616</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;931</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;931</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 1%; font-family: Arial, sans-serif; text-align: left">Short-term investments</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">14,689</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">14,689</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 1%; font-family: Arial, sans-serif; text-align: left">&nbsp;Other assets&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">17,734</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">17,734</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;673</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;673</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 1%; font-family: Arial, sans-serif; text-align: left">Investment</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">40,653</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">21,733</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;62,386</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 1%; font-family: Arial, sans-serif; text-align: left">&nbsp;Property, plant and equipment&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">373,574</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;161,367</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;534,941</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">15,092</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">77,089</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;92,181</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 1%; font-family: Arial, sans-serif; text-align: left">&nbsp;Intang&iacute;ible assets&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">798</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;31,789</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">32,587</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;500</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">272,497</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;272,997</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;Total assets acquired&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">646,083</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;193,156</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;839,239</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">71,125</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">371,319</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;442,444</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 1%; font-family: Arial, sans-serif; text-align: left">Borrowings and financing&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">198,778</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;198,778</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;182,402</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;182,402</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 1%; font-family: Arial, sans-serif; text-align: left">Trade payables</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">22,735</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">22,735</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;446</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;446</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 1%; font-family: Arial, sans-serif; text-align: left">&nbsp;Taxes payable&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">19,202</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">19,202</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">37,158</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;37,158</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 1%; font-family: Arial, sans-serif; text-align: left">Debits with related parties&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">96,350</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;96,350</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 1%; font-family: Arial, sans-serif; text-align: left">&nbsp;Other payables&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">44,052</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">44,052</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">7,257</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">7,257</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: left">&nbsp;Total liabilities assumed&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">284,767</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;284,767</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;323,613</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;323,613</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double">&nbsp;Net equity acquired&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">361,316</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">&nbsp;193,156</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">&nbsp;554,472</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">(252,488)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">371,319</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">&nbsp;118,831</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 1%; font-family: Arial, sans-serif; text-align: left">Indirect investiment</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(40,663)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(21,738)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(62,401)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double">&nbsp;Net equity acquired&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">320,653</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">&nbsp;171,418</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">&nbsp;492,071</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">(252,488)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">&nbsp;118,831</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">The fair value allocation
resulted in a total gain of R$542.7 million, distributed among Elizabeth Cimentos and Elizabeth Minera&ccedil;&atilde;o's main assets.
The following table shows the composition of the allocated amounts and a summary of its measurement methodology.</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 18%">Assets acquired</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 52%">&nbsp;Valuation method&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 8%">&nbsp;Carrying amounts&nbsp;</TD>
    <TD STYLE="font: bold 11pt Calibri, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">&nbsp;Fair value adjustment&nbsp;</TD>
    <TD STYLE="font: bold 11pt Calibri, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 8%">&nbsp;Total fair value&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Property, plant and equipment</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify">&nbsp;Valued using the &quot;MARKET APPROACH&quot; method, where the fair value of the asset is estimated by comparing it with similar or comparable assets that have been sold or listed for sale in the primary or secondary market.</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">388,666</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">238,456</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">627,122</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify">Mining rights</TD>
    <TD STYLE="font: bold 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify">Evaluated by the MPEEM method that measures the present value of future income to be generated during the remaining useful life of a given asset. Using the analysis of the company's projected results as a reference, the pre-tax cash flows directly attributable to the asset are calculated, as of the base date stipulated in the evaluation.&nbsp;</TD>
    <TD STYLE="font: bold 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">500</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">272,497</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">272,997</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Licenses</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify">&nbsp;Valued using the WITH / WITHOUT method, which estimates the intangible value by the difference between discounted cash flow models with and without the asset.</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">798</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">31,789</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">32,587</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">389,964</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">542,742</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">932,706</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><FONT STYLE="font-weight: normal">The subsidiary CSN
Cimentos S.A. has hired an independent company to prepare an appraisal report of the tangible and intangible assets and allocation of
the excess price paid. As provided for in item 45 of CPC15 / IFRS3, the Company has up to 12 months to make adjustments in the measurement
of amounts due to events not considered.</FONT></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">5.</TD><TD STYLE="text-align: justify">CASH AND CASH EQUIVALENTS</TD></TR></TABLE>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right; font-weight: bold; font-family: Arial, sans-serif">Consolidated</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right; font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white; width: 21%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 19%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 19%">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 19%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 19%">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Cash and banks</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">In Brazil</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">791,805</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">245,185</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">41,730</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">238,509</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Abroad</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">9,833,416</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,899,282</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">220,795</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">199,994</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">10,625,221</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">4,144,467</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">262,525</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">438,503</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Investments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">In Brazil</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,553,549</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5,800,119</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,308,285</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,208,622</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Abroad</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">76,335</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">4,629,884</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">5,800,119</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,308,285</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">4,208,622</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">15,255,105</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">9,944,586</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,570,810</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">4,647,125</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Our investments are basically in private and public securities with
yields linked to the variation of Interbank Deposit Certificates (CDI) and repo operations backed by National Treasury Notes respectively.
The Company invests part of the funds through exclusive investment funds which have been consolidated in these financial statements.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The financial resources available abroad are invested in private
securities, in banks considered by the Administration as first-rate and are remunerated at pre-fixed rates.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">6.</TD><TD STYLE="text-align: justify">FINANCIAL INVESTMENTS</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: right; font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">Consolidated</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: right; font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Non-current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Non-current</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 14%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 12%">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 12%">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">12/31/2020</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Investments(1)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;625,580</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">478,253</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;14,913</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;411,598</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">475,782</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Usiminas shares(2)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">2,565,009</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;3,305,109</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">2,565,009</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;3,305,109</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Bonds (3)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;126,631</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;123,409</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;126,631</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;123,409</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,190,589</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;3,783,362</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;141,544</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;123,409</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,976,607</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;3,780,891</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;126,631</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;123,409</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt">(1)</TD><TD STYLE="text-align: justify">These are restricted financial investments and linked to a Bank Deposit Certificate (CDB) to guarantee
a letter of guarantee from financial institutions and financial investments in Public Securities (LFT - Letras Financeiras do Tesouro)
managed by their exclusive funds.</TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt">(2)</TD><TD STYLE="text-align: justify">Part of the shares guarantees a portion of the Company's debt.</TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 36pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt">(3)</TD><TD STYLE="text-align: justify">B<I>onds</I> with Fibra bank due in February 2028 (see note 22).</TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 35.4pt">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">7.</TD><TD STYLE="text-align: justify">TRADE RECEIVABLES</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; width: 45%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 13%">Consolidated</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 13%">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Trade receivables</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 1%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Third parties</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Domestic market</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,888,705</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">910,657</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,343,369</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">680,340</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Foreign market</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,297,426</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,063,867</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">130,677</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">65,379</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">3,186,131</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">2,974,524</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">1,474,046</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">745,719</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Allowance for doubtful debts</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(244,282)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(228,348)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(141,118)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(143,735)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">2,941,849</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">2,746,176</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">1,332,928</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">601,984</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Related parties (Note 22 a)</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">300,589</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">121,176</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">1,927,284</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">947,719</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">3,242,438</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">2,867,352</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">3,260,212</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">1,549,703</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The composition of the gross balance of accounts receivable from
third party customers is shown as follows:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 28 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->26<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; width: 36%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 15%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 15%">Consolidated</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 15%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 15%">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">2,583,227</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">2,537,567</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">1,281,551</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;535,541</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Past-due up to 30 days</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;320,372</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;222,972</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;17,126</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;72,890</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Past-due up to 180 days</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;86,104</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;17,915</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;43,862</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;958</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Past-due over 180 days</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;196,428</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;196,070</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;131,507</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;136,330</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,186,131</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,974,524</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,474,046</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;745,719</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The changes in expected credit losses are as follows:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; width: 44%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 13%">Consolidated</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 13%">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Opening balance</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(228,348)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(245,194)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(143,735)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(167,247)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">(Loss)/Reversal estimated</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(3,543)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;7,513</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(3,986)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;22,347</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Recovery and write-offs of receivables&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,230</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;9,333</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,055</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,165</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Acquisition of Elizabeth</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(16,621)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Drop down of Cements (note 11.c)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,548</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Closing balance</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(244,282)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(228,348)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(141,118)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(143,735)</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">8.</TD><TD STYLE="text-align: justify">INVENTORIES</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; width: 37%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; width: 15%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 15%">Consolidated</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-family: Arial, sans-serif; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 15%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 15%">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Finished goods</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,021,709</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,627,676</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,089,963</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">748,918</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Work in progress</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,546,791</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,358,905</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,752,538</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">836,128</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Raw materials</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,900,322</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,289,653</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,061,816</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">876,168</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Storeroom supplies&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,133,298</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">928,158</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">555,987</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">525,114</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Advances to suppliers</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">48,526</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">69,536</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">21,310</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">63,950</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Provision for losses&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(120,693)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(109,038)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(33,756)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(35,832)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">10,529,953</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">5,164,890</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">6,447,858</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,014,446</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Classified:</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10,038,794</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,817,586</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6,447,858</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,014,446</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Non-current (1)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">491,159</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">347,304</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">10,529,953</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">5,164,890</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">6,447,858</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,014,446</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-size: 8pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 8pt">Long-term iron ore inventories that will be used after the construction of
the processing plant, which will produce pellet feed, In 2020, the Company defined the construction project for the new plant for processing
Itabirito, which until then was considered as waste, and started to be incorporated into the long-term ore inventory.</FONT></TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The changes in estimated losses on inventories are as follows:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; width: 48%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 12%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 12%">Consolidated</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 12%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 12%">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Opening balance</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(109,038)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(134,553)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(35,832)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(41,201)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">(Estimated losses) / Reversal of inventories with low turnover and obsolescence</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(11,655)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;25,515</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(2,229)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;5,369</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Drop down of Cements (note 11.c)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;4,305</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Closing balance</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(120,693)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(109,038)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(33,756)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(35,832)</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">9.</TD><TD STYLE="text-align: justify">RECOVERABLE TAXES</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><B>&nbsp;</B></P>


<!-- Field: Page; Sequence: 29 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 49%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white; width: 12%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 12%">Consolidated</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; background-color: white; width: 12%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 12%">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">State Value-Added Tax</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,147,885</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,002,926</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">907,147</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">822,717</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Brazilian federal contributions (1)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">802,932</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,417,081</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">574,058</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,192,919</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Other taxes</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">91,812</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">123,939</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">69,838</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">104,648</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,042,629</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,543,946</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,551,043</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,120,284</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Classified:</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,105,666</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,605,494</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">839,058</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,381,853</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Non-current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">936,963</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">938,452</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">711,985</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">738,431</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,042,629</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,543,946</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,551,043</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,120,284</TD></TR>
  </TABLE>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt">(1)</TD><TD STYLE="text-align: justify">The accumulated tax credits arise basically from PIS and COFINS credits on purchases of raw materials
used in production. The realization of these credits normally occurs through offsetting against domestic sales transactions and through
offsetting against other federal taxes payable by the Company. As of June, 2021, the Company had fully offset the PIS and COFINS credit
balances referring to the period from 2001 to 2014, resulting from the exclusion of ICMS from the PIS and COFINS calculation basis, whose
Injunction and Special Appeal filed in 2006, became final and unappealable on September 20, 2018.</TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">In a judgment finalized on September 24, 2021, the Federal
Supreme Court, with general repercussion, decided for the unconstitutionality of the levy of IRPJ and CSLL on amounts of interest on arrears
at the SELIC rate received as a result of the repetition of undue tax payment. Although the decision is still pending publication, and
the Company's specific lawsuit is still pending judgment, based on its best estimate to date CSN reassessed the judgment on this lawsuit,
as required by ICPC22/IFRIC23 and recorded a credit in the amount of R$229 million. After the final and unappealable decision of the Company's
legal action, these amounts will be considered in the tax assessments, in accordance with the Federal Tax Authorities of Brazil.</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">10.</TD><TD STYLE="text-align: justify">OTHER CURRENT AND NON-CURRENT ASSETS</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: right; font-weight: bold; font-family: Arial, sans-serif; background-color: white">Consolidated</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; background-color: white">Current</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Non-current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; background-color: white">Current</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Non-current</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 37%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 7%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 7%">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 7%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 7%">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 7%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 7%">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 7%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 7%">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Judicial deposits (note 20)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">358,668</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">325,117</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">231,422</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">221,016</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Prepaid expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">297,467</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">136,527</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">90,075</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">115,636</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">169,658</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">94,782</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">75,938</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">98,031</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Prepaid expenses with sea freight (1)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">74,500</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Actuarial asset (note 22 a)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">13,819</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">13,819</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,803</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Derivative financial instruments (note 15 I)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">82,736</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Securities held for trading (note 15 I)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">13,659</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5,065</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">13,529</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,927</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Loans with related parties (nota 15 I and 22 a)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,893</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,115,612</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">966,050</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,893</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">53,718</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,245,504</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,007,677</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Other receivables from related parties (note 22 a)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,824</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6,242</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">808,753</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">664,020</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">51,470</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5,717</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,068,033</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">900,200</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Other receivables (note 15 I)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,345</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,445</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,003</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,003</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Eletrobr&aacute;s compulsory loan (note 15 I) (2)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">862,059</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">852,532</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">861,204</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">851,713</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Dividends receivables (note 22 a)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">208,672</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">38,088</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">193,685</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">329,413</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify">Employee debts</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">40,527</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">28,054</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">23,589</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">16,600</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify">Receivables by indemnity (3)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">530,468</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">517,183</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">530,468</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">517,183</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;Other (4)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">128,630</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">79,338</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">418,093</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">146,245</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,181</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;419</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">146,124</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">146,244</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">776,408</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">367,814</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">4,199,892</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,603,047</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">456,005</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">505,576</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">4,159,696</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,744,870</TD></TR>
  </TABLE>

<P STYLE="font: 7pt Times New Roman,serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt">1.</TD><TD STYLE="text-align: justify">Refers to payment of freight expenses and maritime insurance over performance obligations unfulfilled
at the balance sheet date.</TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt">2.</TD><TD STYLE="text-align: justify">This is a certain and due amount, arising from the res judicata favorable decision to the Company, which
is irreversible and irrevocable, in order to apply the STJ's consolidated position on the subject, which culminated in the conviction
of Eletrobr&aacute;s to the payment of the correct interest and monetary adjustment of the Compulsory Loan. The res judicata decision,
as well as the certainty about the amounts involved in the liquidation of the sentence (judicial procedure to request the satisfaction
of the right), allowed the conclusion that the entry of this value is certain. In addition to this amount already recorded, the Company
continues to seek alternatives for the recovery of additional credits and the estimate can reach an amount greater than R$350 million.</TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt">3.</TD><TD STYLE="text-align: justify">This is a net, certain and enforceable amount, resulting from the final and unappealable decision of the
Court in favor of the Company, due to losses and damages resulting from the sinking of the voltage in the supply of energy in the periods
from January / 1991 to June / 2002.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt">4.</TD><TD STYLE="text-align: justify">Non-current assets refer mainly to the deposit in an Escrow Account with Banco Santander, in the amount
of US$50 million, equivalent to R$263.7 million, as part of the negotiations for the acquisition of LafargeHolcim.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0 0 0 35.4pt">&nbsp;</P>


<!-- Field: Page; Sequence: 30 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">11.</TD><TD STYLE="text-align: justify">BASIS OF CONSOLIDATION AND INVESTMENTS</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The information related to the activities of jointly controlled
subsidiaries, joint operations, associates and other investments did not change in relation to what was disclosed in the Company's financial
statements as of December 31, 2020. Therefore, Management decided not to repeat them in the accounting information interim of September
30, 2021.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The significant events related to our subsidiaries CSN Cimentos
S.A. and CSN Minera&ccedil;&atilde;o S.A are disclosed in the Notes 11.c and 11.d, respectively.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The consolidated interim financial statements for the periods ended
September 30, 2021 and 2020 include the following direct and indirect subsidiaries, joint ventures and joint operations, as well as the
exclusive funds, as follows:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Number
    of shares held by CSN in units</FONT></TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Equity
    interests (%)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 7pt">Companies</FONT></TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">09/30/2021</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">12/31/2020</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: left"><FONT STYLE="font-size: 7pt">Core
    business</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; width: 32%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; width: 10%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; width: 44%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Direct interest in subsidiaries: full
    consolidation</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">CSN Islands VII Corp.</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;20,001,000</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Financial transactions&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">CSN Inova Ventures</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;50,000</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Equity interests and Financial transactions</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">CSN Islands XII Corp.</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;1,540</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Financial transactions&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">CSN Steel S.L.U.</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;22,042,688</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Equity interests and Financial transactions</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">TdBB S.A (*)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Equity interests&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Sepetiba Tecon S.A.</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;254,015,052</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Port services&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Min&eacute;rios NacionalS.A.</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;141,719,295</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Mining and Equity interests&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">Companhia Florestal do Brasil</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;66,354,391</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Reforestation&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Estanho de Rond&ocirc;nia S.A.</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;195,454,162</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Tin Mining</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Companhia Metal&uacute;rgica Prada</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;555,142,354</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Manufacture of containers and distribution
    of steel products&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">CSN Minera&ccedil;&atilde;o S.A.(1)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">4,374,779,493</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">78.24</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">87.52</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Mining</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">CSN Energia S.A.&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;43,149</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Sale of electric power&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">FTL - Ferrovia Transnordestina Log&iacute;stica S.A. (2)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;510,726,198</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">92.71</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">92.38</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Railroad logistics&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Nordeste Log&iacute;stica S.A.</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;99,999</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Port services&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify"><FONT STYLE="font-size: 7pt">CSN Inova Ltd.&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;10,000</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Advisory and implementation of new
    development projec&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">CBSI - Companhia Brasileira de Servi&ccedil;os de Infraestrutura</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;4,669,986</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Equity interests and product sales
    and iron ore&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">CSN Cimentos S.A.(3)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;381,666,665</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">90.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Manufacturing and sale of cement</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Berkeley Participa&ccedil;&otilde;es e Empreendimentos S.A.
    (4)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;1,000</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Electric power generation and equity
    interests&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">CSN Inova Solu&ccedil;&otilde;es S.A. (4)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">999</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Equity interests&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Indirect interest in subsidiaries: full
    consolidation</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Lusosider Projectos Sider&uacute;rgicos S.A.</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Equity interests and product sales&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Lusosider A&ccedil;os Planos, S. A.</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Steel and Equity interests&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">CSN Resources S.A.</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Financial transactions and Equity
    interests&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">Companhia Brasileira de Latas&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">99.99</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Sale of cans
    and containers in general and Equity interests&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">Companhia de Embalagens Met&aacute;licas
    MMSA&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">99.67</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">99.67</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Production
    and sale of cans and related activities&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">Companhia de Embalagens Met&aacute;licas
    - MTM&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">99.67</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">99.67</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Production
    and sale of cans and related activities&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">CSN Steel Holdings 1, S.L.U.&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Financial
    transactions, product sales and Equity interests&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">CSN Productos Sider&uacute;rgicos
    S.L.&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Financial
    transactions, product sales and Equity interests&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">Stalhwerk Th&uuml;ringen GmbH&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Production
    and sale of long steel and related activities&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">CSN Steel Sections Polska Sp.Z.o.o&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Financial
    transactions, product sales and Equity interests&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">CSN Mining Holding, S.L</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">78.24</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">87.52</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Financial transactions, product sales
    and Equity interests&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">CSN Mining GmbH&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">78.24</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">87.52</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Financial transactions, product sales
    and Equity interests&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">CSN Mining Asia Limited&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">78.24</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">87.52</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Commercial representation&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">Lusosider Ib&eacute;rica S.A.&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Steel, commercial
    and industrial activities and equity interests&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify"><FONT STYLE="font-size: 7pt">CSN Mining Portugal, Unipessoal Lda.&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">78.24</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">87.52</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Commercial and representation of
    products&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">Companhia Sider&uacute;rgica Nacional,
    LLC</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Import and
    distribution/resale of products&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">CSN Cimentos S.A.(3)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">10.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Manufacturing and sale of cement</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Elizabeth Cimentos S.A.(5)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">99.98</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Manufacturing and sale of cement</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Elizabeth Minera&ccedil;&atilde;o Ltda (5)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">99.96</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Mining</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Direct interest in joint operations: proportionate
    consolidation</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">It&aacute; Energ&eacute;tica S.A.</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;253,606,846</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">48.75</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">48.75</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Electric power generation&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Cons&oacute;rcio da Usina Hidrel&eacute;trica de Igarapava</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">17.92</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">17.92</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Electric power consortium&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Direct interest in joint ventures: equity
    method</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">MRS Log&iacute;stica S.A. (6)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;63,377,198</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">18.64</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">18.64</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Railroad transportation&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Aceros Del Orinoco S.A.&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">31.82</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">31.82</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Dormant company&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Transnordestina Log&iacute;stica S.A. (7)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;24,670,093</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">47.26</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">47.26</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Railroad logistics&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify"><FONT STYLE="font-size: 7pt">Equimac S.A</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;1,395</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">50.00</FONT></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">50.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Rental of commercial and industrial
    machinery and equipment&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Indirect interest in joint ventures: equity
    method</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">MRS Log&iacute;stica S.A. (6)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">14.58</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">16.30</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Railroad transportation&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Direct interest in associates: equity
    method</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Arvedi Metalfer do Brasil S.A.&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;49,074,882</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">20.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">20.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Metallurgy and Equity interests&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Exclusive funds: full consolidation</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Diplic II- Fundo de investimento multimercado cr&eacute;dito
    privado</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Investment fund&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Caixa V&eacute;rtice - Fundo de investimento multimercado
    cr&eacute;dito privado</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Investment fund&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">VR1 - Fundo de investimento multimercado cr&eacute;dito privado&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">100.00</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Investment fund&nbsp;</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">(*) Dormant companies.</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif">As of December 31, 2020, CSN held 158,419,480 shares of CSN
Minera&ccedil;&atilde;o S.A.. On February 17, 2021, it occurred a stock split of the shares, at a ratio of 1:30, by which the number of
shares held by CSN changes to 4,752,584,400 shares. Subsequently, upon the public offering of the shares of CSN Minera&ccedil;&atilde;o,
CSN&#8217;s interest was diluted and the number of shares after the split changed to 4,374,779,493 shares, see note 11.d.</FONT></TD></TR></TABLE>

<P STYLE="font: 7pt Times New Roman,serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif">As of September 30, 2021 and December 31,2020, the Company
had 510.726.198 and 486.592.830 common shares in FTL - Ferrovia Transnordestina Log&iacute;stica S.A, respectively. </FONT></TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif">3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif">As of December 31, 2020, CSN held 90 shares of CSN Cimentos
S.A. On January 31, 2021, CSN subscribed capital in CSN Cimentos S.A., which was paid-up by transfer of assets and liabilities related
to the operations of cement in CSN. Consequently, the number of shares held by CSN increased to a total of 2,956,094,581 common shares
(see note 11.c). On May 14, 2021, CSN Cimentos S.A.'s shares were grouped at a ratio of 8.868283773:1, and CSN now holds 333,333,333 common
shares. On August 31, 2021, after the approval of the capital increase of CSN Cimentos S.A. with the issuance of new shares, CSN currently
holds 366,666,665 shares.</FONT></TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">On September 9, 2021 there was a capital increase of
CSN Cimentos, with the issuance of new shares, CSN now holds 381,666,665 common shares.</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif">4.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif">Berkeley Participa&ccedil;&otilde;es e Empreendimentos S.A.
was acquired on May 10, 2021 and Fremont Empreendimentos e Participa&ccedil;&otilde;es S.A. was acquired on June 30, 2021, under a share
purchase agreement signed on that same date. On August 2, 2021, the name of Fremont Empreendimentos e Participa&ccedil;&otilde;es S.A
was changed to CSN Inova Solu&ccedil;&otilde;es S.A.</FONT></TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif">5.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif">The subsidiary CSN Cimentos acquired control of Elizabeth
Cimentos S.A and Elizabeth Minera&ccedil;&atilde;o S.A. (see note 4).</FONT></TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 35.4pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif">6.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif">As of September 30, 2021 and December 31, 2020 the Company
directly held 63,377,198 shares, of which 26,611,282 common and 36,765,916 preferred, and its direct subsidiary, CSN Minera&ccedil;&atilde;o
S.A., held 63,338,872, of which 25,802,872 common shares and 37,536,000 preferred, of MRS Log&iacute;stica S.A.</FONT></TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt">7.</TD><TD STYLE="text-align: justify">As of September 30, 2021 and December 31, 2020, the Company had 24,168,304 common shares and 501,789 Class
B preferred shares.</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">11.a)</TD><TD STYLE="text-align: justify">Investments in joint ventures, joint operations, associates and other investments</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The number of shares, the balances of assets and liabilities, shareholders&#8217;
equity and the profit / (loss) amounts for the period in those investees are as follows:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 7pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: right; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid"><B>09/30/2021</B></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="text-align: right; font-family: Arial, sans-serif"><B>12/31/2020</B></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">Companies</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: Black 1pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Participation in</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">Participation in</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Liabilities</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Shareholders&rsquo; equity</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Profit /(Loss) for the period</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Liabilities</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Shareholders&rsquo; equity</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Profit /(Loss) for the period</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Investments under the equity method</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Subsidiaries</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">CSN Islands VII Corp.</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">515,642</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>

    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,184,112</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(2,668,470)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(170,048)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">481,327</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,979,749</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(2,498,422)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(846,288)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">CSN Inova Ventures</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;8,957,380</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10,112,433</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,155,053)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(445,293)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">9,534,299</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10,244,025</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(709,726)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(400,046)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">CSN Islands XII Corp.</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,601,314</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;5,766,652</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(3,165,338)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(458,735)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,497,173</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;5,203,776</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(2,706,603)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,021,993)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">CSN Steel S.L.U.</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,823,729</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">37,116</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,786,613</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;310,691</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,522,589</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">28,642</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,493,947</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;585,879</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Sepetiba Tecon S.A.</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">787,135</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">474,990</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;312,145</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6,625</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">731,294</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">431,801</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;299,493</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,155</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Min&eacute;rios NacionalS.A.</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">563,125</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">196,878</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;366,247</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;225,978</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">292,708</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">152,438</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;140,270</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;45,826</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Valor Justo - Min&eacute;rios Nacional</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,123,507</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,123,507</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Estanho de Rond&ocirc;nia S.A.</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">107,970</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">148,691</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(40,721)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(12,609)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">103,484</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">131,596</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(28,112)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(14,143)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Companhia Metal&uacute;rgica Prada</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">879,015</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">624,310</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;254,705</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;108,229</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">750,130</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">603,654</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;146,476</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(40,927)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">CSN Minera&ccedil;&atilde;o S.A.</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;28,352,975</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">17,211,439</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;11,141,536</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,481,971</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">17,166,329</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;7,887,337</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">9,278,992</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,353,267</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">CSN Energia S.A.</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">128,439</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">71,242</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;57,197</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;10,274</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">130,642</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">83,718</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">46,924</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(7,875)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">FTL - Ferrovia Transnordestina Log&iacute;stica S.A.</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">494,663</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">284,450</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;210,213</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(18,059)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">471,952</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">254,510</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;217,442</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(28,986)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Companhia Florestal do Brasil</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;51,541</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,510</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;47,031</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(2,516)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">52,073</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,526.0</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">49,547</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,325)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Nordeste Log&iacute;stica</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;65</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">55</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;10</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(4)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">69</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">55</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">14</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(3)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">CBSI - Companhia Brasileira de Servi&ccedil;os de Infraestrutura</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">115,004</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">84,601</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;30,403</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;10,080</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">118,553</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">98,231</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">20,322</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(1,057)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Goodwill - CBSI - Companhia Brasileira de Servi&ccedil;os de Infraestrutura</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; font-family: Arial, sans-serif; vertical-align: middle">15,225</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;15,225</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">CSN Cimentos</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,552,503</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">546,383</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,006,120</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;150,805</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;52,930,500</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">38,747,862</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;16,321,370</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">4,197,389</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">36,852,622</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">28,102,058</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">10,889,296</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;624,484</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Joint-venture and Joint-operation</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">It&aacute; Energ&eacute;tica S.A.</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">292,534</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">25,944</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;266,590</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;19,570</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">268,447</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">17,365</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;251,082</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6,700</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">MRS Log&iacute;stica S.A.</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;2,392,158</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,470,173</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;921,985</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;118,054</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">2,088,151</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,284,265</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;803,886</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;37,920</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Transnordestina Log&iacute;stica S.A.</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;4,846,990</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;3,725,866</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">1,121,124</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(38,980)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">4,657,691</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;3,497,587</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">1,160,104</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(24,264)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Fair Value (*) - Transnordestina</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;271,116</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;271,116</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Equimac S.A</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;16,066</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;6,862</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">9,204</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;168</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">7,536</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">301</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">7,235</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(68)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;7,547,748</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;5,228,845</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">2,590,019</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;98,812</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">7,021,825</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;4,799,518</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">2,493,423</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;20,288</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Associates</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Arvedi Metalfer do Brasil</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;44,376</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">31,283</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;13,093</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,966</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">40,528</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">32,490</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">8,038</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(5,956)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;44,376</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">31,283</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;13,093</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">2,966</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">40,528</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">32,490</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">8,038</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(5,956)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Classified at fair value through profit or loss (note 15 l)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    </TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Panatl&acirc;ntica</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;205,608</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">59,879</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;205,608</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">59,879</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Other investments</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Profits on subsidiaries' inventories</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(268,740)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(213,197)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(55,543)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(36,408)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Investment Property</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;143,180</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;144,999</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Others</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;63,445</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">8,112</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">63,538</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(9,952)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(62,115)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(205,085)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;152,994</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(46,360)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Total investments</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;19,067,975</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">4,094,082</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">13,603,630</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;592,456</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">Classification of investments in the balance sheet</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Investments in assets</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;25,954,377</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">19,401,494</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Investments with negative equity</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(7,029,582)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(5,942,863)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Investment Property</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;143,180</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;144,999</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;19,067,975</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">13,603,630</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman,serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">(*) As of September 30, 2021 and December 31, 2020, the net balance
of R$271,116 refers to the Fair Value generated by the loss of control of Transnordestina Log&iacute;stica SA in the amount of R$659,105
and impairment of R$387,989.</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&#9;</P>


<!-- Field: Page; Sequence: 33 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">11.b)</TD><TD STYLE="text-align: justify">Changes in investments in subsidiaries, jointly controlled companies, joint operations, associates and
other investments</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; width: 57%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 10%">Consolidated</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 10%">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Opening balance of investments (assets)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">3,535,906</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">3,482,974</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">19,401,494</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">17,316,463</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left; background-color: white">Opening balance of loss provisions (liabilities)</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; background-color: white">&nbsp;(5,942,863)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; background-color: white">&nbsp;(3,908,563)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">3,535,906</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">3,482,974</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">13,458,631</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">13,407,900</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Capital increase/acquisition of shares (1)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">35,067</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,400</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,889,070</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">60,361</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Dividends (2)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(82,642)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2,610,634)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2,496,422)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Comprehensive income (3)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">59</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6,895</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(160,753)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">581,514</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Update of shares measured at fair value through profit or loss (Note 15 II)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">124,542</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">12,579</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">124,542</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">12,579</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Sales of equity interest (note 11.d) (4)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(692,115)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Net gain due to increased capital and issued new shares in n investments (note 11.d) (5)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">822,093</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Equity in results of affiliated companies(6)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">202,291</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">124,324</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,094,082</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,892,686</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Amortization of fair value - investment MRS</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(8,810)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(11,747)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Others</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">49</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;123</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(121)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">13</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Closing balance of investments (assets)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">3,889,104</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">3,535,906</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">25,954,377</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">19,401,494</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Balance of provision for investments with negative equity (liabilities)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: right">&nbsp;(7,029,582)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: right">&nbsp;(5,942,863)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,889,104</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,535,906</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">18,924,795</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">13,458,631</TD></TR>
  </TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt">1.</TD><TD>In June 2021, through CSN Inova Ventures, an investment was made in 2D Materials (2DM) in the amount of US$1,000, corresponding to
R$5,037. In January 2021 there was an increase in capital of our subsidiary CSN Cimentos by CSN transfer of net assets (see Note 11.c).</TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 14.2pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt">2.</TD><TD>In 2021, it mainly refers to dividends of the subsidiary CSN Minera&ccedil;&atilde;o SA in the amount of R$2,606,572 (R$2,437,482
on December 31, 2020).</TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt">3.</TD><TD>Refers to translation to the reporting currency of the foreign investments of which functional currency is not the Brazilian Reais,
actuarial gain/loss and gain/loss on investment hedge from investments accounted for under the equity method.</TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif">4.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif">Refers to the cost of the shares sold in the Initial Public
Offering of the subsidiary CSN Minera&ccedil;&atilde;o S.A. (see Note 11.d)</FONT></TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 35.4pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif">5.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif">Refers to the gain in the sale of shares in the Initial Public
Offering of the subsidiary CSN Minera&ccedil;&atilde;o S.A., after the issuance of the shares.</FONT></TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt">6.</TD><TD>The table below shows the reconciliation of the equity in results of affiliated companies classified as joint venture and associates
and the amount disclosed in the income statement and it is due to the elimination of the results of the CSN&acute;s transactions with
these companies.</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; width: 59%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 20%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 20%">Consolidated</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: right">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Equity in results of affiliated companies</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">MRS Log&iacute;stica S.A.</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">236,048</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">75,821</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Transnordestina Log&iacute;stica S.A.</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(38,980)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(24,264)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Arvedi Metalfer do Brasil S.A.</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,966</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(5,956)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Equimac S.A.</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;168</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(68)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Others</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,089</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">202,291</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">45,533</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Eliminations</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">To cost of sales&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(54,466)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(26,599)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">To taxes</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">18,518</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">9,044</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Others</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Amortizated at fair value - Investment in MRS</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(8,810)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(8,810)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Others</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6,022</TD>
    <TD STYLE="color: white; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(9,952)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Equity in results&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">163,555</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">9,216</TD></TR>
  </TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><B>11.c)</B></TD><TD STYLE="text-align: justify"><B>CSN Cimentos </B></TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>Drop down - Cement</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 8pt; text-align: justify">Our cement operations began in May 2009 with a crushing unit
in Volta Redonda/RJ, motivated by the synergy between that activity and the generation of slag produced in our blast furnaces in the Presidente
Vargas steel plant (&#8220;UPV&#8221;), a material used</P>


<!-- Field: Page; Sequence: 34 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 8pt; text-align: justify">as raw material in the production of cement. Located
within the UPV premises, in Volta Redonda/RJ, that business unit has an annual capacity of 2.4 million tons of cement type CP-III.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 8pt; text-align: justify">In 2011, our self-production of clinker was initiated after
the installation of a furnace in Arcos/MG, with a daily capacity of 2,500 tons, using calcitic limestone extracted in the Bocaina mine,
existing in the same location that also supplies steel limestone to UPV. The clinker produced is prioritarily cargoed by rail to our cement
plant in Volta Redonda/RJ.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 8pt; text-align: justify">In 2015, the unit in Arcos/MG stared its production of cement
with the installation of two vertical crushers with an annual capacity of 2.3 million tons, rising our annual installed capacity to 4.7
million tons. In 2016 a second production line of clinker was assembled, with a furnace for 6,500 tons per day reaching full independence
for clinker in the production of cement.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 8pt; text-align: justify">The production in Arcos is primarily of cement type CP-II,
basically composed of clinker, slag, limestone and plaster, and the composition of those materials varies depending on the final product
intendend. Also, in Arcos, there is extraction of limestone and dolomite destined to UPV.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The cement activities were held by the parent company and, recently,
the Company decided to drop down the net assets of cement to a subsidiary named CSN Cimentos. The drop down occurred on January 31, 2021
by an increase in capital of R$2,956,094, upon issuance of 2,956,094,491 common shares, subscribed and paid-up at the same date by CSN
through the transfer of net assets related to the cement activities, as detailed described in the Valuation Report approved in the Extraordinary
General Meeting.</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">Find below the breakdown of the
net assets contributed:</FONT></P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; width: 46%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 26%">12/31/2020</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 26%">01/31/2021</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Assets</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Appraisal reports</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Close balance</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Trade receivables</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">37,171</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">54,684</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Inventories</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">134,309</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">164,460</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;Other assets&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">29,186</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">30,228</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Property, plant and equipment</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,151,349</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,129,161</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;Intang&iacute;ible assets&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">8,086</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">8,086</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Liabilities</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Trade payables</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(253,186)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(278,538)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Other payables current</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(42,074)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(34,301)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Lease liabilities</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(42,257)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(24,430)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Other provisions</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(66,490)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(64,125)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Net assets</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;2,956,094</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;2,985,225</TD></TR>
  </TABLE>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 32.2pt; text-align: justify; text-indent: -18pt"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt; font-weight: normal">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Acquisition Intention Elizabeth Companies</P>

<P STYLE="font: 9pt Arial,sans-serif; text-align: justify; margin-right: 0; margin-left: 0">On June 29, 2021 a Purchase and Sale Agreement
was signed for the acquisition of Elizabeth Cimentos S/A and Elizabeth Minera&ccedil;&atilde;o Ltda. one of the most modern plants in
the country, with relevant operations in the Northeast region, especially in Para&iacute;ba and Pernambuco. The acquisition of the aforementioned
companies will add a production capacity for CSN Cimentos of 1.3 million tons per year. The CSN Cimentos increased its total annual capacity
to 6.0 million tons. The deal was valued at R$1.08 billion, involves cash payments, capital contributions and assumption of debt, the
outcome of which is expected to occur after approval by the competition authorities. On August 31, 2021 the acquisition was concluded
(see note 4).</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 8pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><B>11.d)</B></TD><TD STYLE="text-align: justify"><B>Initial Public Offering of the subsidiary CSN Minera&ccedil;&atilde;o and treasury shares</B></TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; text-align: justify; margin-right: 0; margin-left: 0">On February 17, 2021, the subsidiary CSN Minera&ccedil;&atilde;o
concluded its initial public offering at B3 &#8211; Brasil, Bolsa, Balc&atilde;o. The final prospectus of the public offering consisted
of: (i) primary distribution of 161,189,078 shares (&#8220;Primary Offering&#8221;); and (ii) secondary distribution of 422,961,066 shares,
being initially 372,749,743 shares (&#8220;Secondary Offering&#8221;), increased by 50,211,323 supplementary shares held by CSN (&#8220;Supplementary
Shares&#8221;).</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt Arial,sans-serif; text-align: justify; margin-right: 0; margin-left: 0">The price per share (&#8220;Price per Share&#8221;)
was fixed at R$8.50 after the collection of intention of investments collected from institutional buyers in Brasil and abroad.</P>

<P STYLE="font: 9pt Arial,sans-serif; text-align: justify; margin-right: 0; margin-left: 0">Upon conclusion of the offering, the Company&#8217;s
interest in the subsidiary CSN Minera&ccedil;&atilde;o changed from 87.52% to 78.24%.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 11.35pt"><FONT STYLE="font-family: Symbol; font-size: 10.5pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt"><B>Primary Distribution of Shares </B></FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; text-align: justify; margin-right: 0; margin-left: 0">Upon the primary distribution, CSN Minera&ccedil;&atilde;o
issued 161,189,078 shares (&#8220;Primary Offering&#8221;) and capitalized the total amount of R$1,370,107 (R$1,347,862, net of transaction
costs).</P>

<P STYLE="font: 9pt Arial,sans-serif; text-align: justify; margin-right: 0; margin-left: 0">The issuance of 161,189,078 shares diluted
the Company&#8217;s interest in the capital of CSN Minera&ccedil;&atilde;o and, accordingly, the Company recognized in other comprehensive
income a gain from the change of ownership percentage.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The impact of the transaction is presented below:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font: 8pt Arial, sans-serif; width: 86%">Gain on participation in the capital increase</TD>
    <TD STYLE="font: 8pt Arial, sans-serif; text-align: right; width: 14%">1,060,530</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 8pt Arial, sans-serif">Loss due to dilution of participation with issue of new shares</TD>
    <TD STYLE="font: 8pt Arial, sans-serif; text-align: right">(231,044)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font: 8pt Arial, sans-serif; border-bottom: Black 0.5pt solid">Equity adjustment by dilution of share percentage</TD>
    <TD STYLE="font: 8pt Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">(7,393)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: bold 8pt Arial, sans-serif; border-bottom: Black 2pt double">Net gain from the transaction</TD>
    <TD STYLE="font: bold 8pt Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">822,093</TD></TR>
  </TABLE>
<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 11.35pt"><FONT STYLE="font-family: Symbol; font-size: 9pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt"><B>Secondary Distribution of Shares</B></FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; text-align: justify; margin-right: 0; margin-left: 0">Upon the secondary distribution of shares,
the Company sold 327,593,584 common shares and, additionally, in March 2021 sold supplementary 50,211,323 common shares, totaling 377,804,907
or 9.3% of shares previously held, in the total amount of R$3,211,342 (R$3,164,612, net of transaction costs). The gain for the sale was
recognized as Other Operating Income.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The main impacts of the transaction are presented as follows:</P>

<P STYLE="font: 12pt Times New Roman,serif; text-align: justify; margin-right: 0; margin-left: 0">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="border-top: Black 1pt solid; font-family: Arial, sans-serif; width: 72%">Equity in the transaction</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Arial, sans-serif; width: 2%">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; font-family: Arial, sans-serif; text-align: right; width: 26%">9,947,525</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Number of share before initial public offering</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5,430,057,060</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid">Cost per share</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;R$&nbsp;1.83</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Number of shares sold by CSN</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;377,804,907</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">Price per share</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;R$&nbsp;8.50</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">(+) Net cash generated in the transaction&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">3,211,342</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">(-) Transaction cost&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">(46,730)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top-color: Black; border-top-width: 0.5pt">(=) net cahs reveivable (a)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">3,164,612</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">(-) Cost of shares(b)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">(692,115)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double">(=) Net gain from the transaction (a)+(b)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">2,472,497</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 11.35pt"><FONT STYLE="font-family: Symbol; font-size: 9pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt"><B>- Share buyback program of subsidiary CSN
Minera&ccedil;&atilde;o</B></FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; text-align: justify; margin-right: 0; margin-left: 0">On March 24, 2021, a Meeting of the Board
of Directors of CSN Minera&ccedil;&atilde;o approved the Share Repurchase Plan, for holding in treasury and subsequent sale or cancellation,
pursuant to CVM Instruction 567/2015.</P>

<P STYLE="font: 9pt Arial,sans-serif; text-align: justify; margin-right: 0; margin-left: 0">By September 30, 2021, the subsidiary CSN
Minera&ccedil;&atilde;o repurchased 30,191,700 common shares, with an average price of R$5.9866 per share, in the total amount of R$180,820.
These shares will be held in treasury for future sale or cancellation</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">11.e)</TD><TD STYLE="text-align: justify">Joint ventures and joint operations financial information</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">The balance sheet and income statement
balances of the companies whose control is shared are shown below and refer to 100% of the companies&#8217; results: </FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 26%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 7%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 9%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 8%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; width: 9%"><FONT STYLE="font-size: 7pt">09/30/2021</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 9%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 9%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; width: 9%"><FONT STYLE="font-size: 7pt">12/31/2020</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Joint-Venture</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; border-top: Black 0.5pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Joint-Operation&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Joint-Venture</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-style: italic; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Joint-Operation</FONT></TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Equity
    interest (%)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">MRS
    Log&iacute;stica</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">Transnordestina
    Log&iacute;stica</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">Equimac
    S.A.</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">It&aacute;
    Energ&eacute;tica</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">MRS
    Log&iacute;stica</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Transnordestina
    Log&iacute;stica</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Equimac
    S.A.</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">It&aacute;
    Energ&eacute;tica</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">33.22%</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">47.26%</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">50.00%</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">48.75%</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">34.94%</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">47.26%</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">50.00%</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">48.75%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">Balance
    sheet</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;Current Assets&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Cash and cash equivalents</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">2,061,622</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">847</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">5,406</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;116,570</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;1,206,484</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;1,390</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;1,351</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;48,919</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Advances to suppliers</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">42,204</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;1,471</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;264</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;982</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">27,312</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;1,948</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">742</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Other current assets</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;643,453</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;53,080</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">4,002</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;95,685</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">823,204</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;51,793</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;2,356</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;89,521</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Total current assets</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">2,747,279</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;55,398</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">9,672</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;213,237</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;2,057,000</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;55,131</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;3,707</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;139,182</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;Noncurrent Assets&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Other non-current assets</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">1,082,914</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;221,475</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">22,191</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;19,908</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">608,878</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;225,492</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;20,807</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Investments, PP&amp;E and intangible assets</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">9,003,684</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;9,978,874</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;366,924</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;8,537,009</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;9,574,588</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;11,365</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;390,672</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Total non-current assets</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">10,086,598</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;10,200,349</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">22,191</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;386,832</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;9,145,887</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;9,800,080</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;11,365</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;411,479</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Total Assets</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">12,833,877</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;10,255,747</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">31,863</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;600,069</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">11,202,887</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;9,855,211</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;15,072</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;550,661</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;Current Liabilities&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Borrowings and financing&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;816,979</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;277,086</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">1,895</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">828,439</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;241,029</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Lease liabilities</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;309,299</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">317,526</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Other current liabilities</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">1,195,681</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;147,386</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">4,166</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;37,538</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;1,117,975</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;125,794</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">602</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;19,721</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Total current liabilities</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">2,321,959</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;424,472</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">6,061</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;37,538</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;2,263,940</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;366,823</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">602</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;19,721</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;Noncurrent Liabilities&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Borrowings and financing&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">3,178,367</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;6,649,195</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">7,462</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;2,162,657</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;6,368,070</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Lease liabilities</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">1,500,308</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;1,674,594</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Other non-current liabilities</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;886,814</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;809,893</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;15,680</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">788,862</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;665,653</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;15,900</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Total non-current liabilities</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">5,565,489</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;7,459,088</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">7,462</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;15,680</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;4,626,113</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;7,033,723</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;15,900</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Shareholders&rsquo; equity</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">4,946,429</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;2,372,187</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">18,340</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;546,851</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;4,312,834</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;2,454,665</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;14,470</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;515,040</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Total liabilities and
    shareholders&rsquo;<BR>
    equity</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">12,833,877</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;10,255,747</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">31,863</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;600,069</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">11,202,887</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;9,855,211</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;15,072</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;550,661</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">01/01/2021 a 09/30/2021</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">01/01/2020 a 09/30/2020</FONT></TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Joint-Venture</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Joint-Operation</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Joint-Venture</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Joint-Operation</FONT></TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; width: 27%"><FONT STYLE="font-size: 7pt">Equity
    interest (%)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-size: 7pt">MRS
    Log&iacute;stica</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 9%"><FONT STYLE="font-size: 7pt">Transnordestina
    Log&iacute;stica</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 9%"><FONT STYLE="font-size: 7pt">Equimac
    S.A.</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 8%"><FONT STYLE="font-size: 7pt">It&aacute;
    Energ&eacute;tica</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 7%"><FONT STYLE="font-size: 7pt">MRS
    Log&iacute;stica</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 9%"><FONT STYLE="font-size: 7pt">Transnordestina
    Log&iacute;stica</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 9%"><FONT STYLE="font-size: 7pt">Equimac
    S.A.</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 8%"><FONT STYLE="font-size: 7pt">It&aacute;
    Energ&eacute;tica</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">33.22%</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">47.26%</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">50.00%</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">48.75%</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">34.94%</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">47.26%</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">50.00%</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">48.75%</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Statements of Income</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Net revenue</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">3,355,759</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;138</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;7,600</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">172,000</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;2,614,613</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;35</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;650</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">125,369</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Cost of sales and services</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;(2,129,256)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(6,096)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(60,167)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(1,847,542)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(502)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(55,685)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Gross profit</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">1,226,503</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;138</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;1,504</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">111,833</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">767,071</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;35</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">147.73812</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;69,684</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Operating (expenses) income&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;(58,259)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">(67,612)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">(1,238)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">(50,905)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;(236,017)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">(34,342)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">(281)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">(48,776)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Financial income (expenses), net</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(209,883)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(15,003)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;2</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;(10)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;(219,551)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(17,033)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">(1)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;(109)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Income before income tax and social<BR>
    contribution</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;958,361</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">(82,477)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;268</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;60,918</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">311,503</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">(51,340)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">(134)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;20,799</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 7pt">Current and deferred income tax<BR>
    and social contribution</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">(325,005)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">(20,774)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;(108,064)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt"></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">(1)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">(7,056)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">Profit / (loss) for the period</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;633,356</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">(82,477)</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;268</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;40,144</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">203,439</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">(51,340)</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">(135)</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;13,743</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">11.f)</TD><TD STYLE="text-align: justify">TRANSNORDESTINA LOG&Iacute;STICA SA (&#8220;TLSA&#8221;)</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">It is in the pre-operational phase and should remain so until the
completion of Mesh II. The approved schedule, which provided for the completion of the work for January 2017, is currently under discussion
with the responsible bodies. Its Management understands that new deadlines for the completion of the project will not substantially negatively
imply the expected return on investment.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Management relies on resources from its shareholders and third parties
to complete the work, which it expects to be available, based on previously concluded agreements and recent discussions between the parties
involved. After evaluating this matter, The Management concluded that the use of the project&#8217;s business continuity accounting basis
in the preparation of the interim financial information, was considered appropriate.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The assumptions used to evaluate the impairment test in December
2020 remain valid and there is no event to justify the recognition of <I>impairment</I> on September 30, 2021.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><B>11.g)</B></TD><TD STYLE="text-align: justify"><B>Investment properties:</B></TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The balance of investment properties as of September 30, 2021 is
shown below:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 37 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; width: 29%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 12%">Consolidated</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 11%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 11%">Parent Company</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Land</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Buildings&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Land</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Buildings&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Balance at December 31, 2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">97,610</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;62,264</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;159,874</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">94,431</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;50,568</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">144,999</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Cost</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">97,610</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;86,548</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;184,158</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">94,431</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;74,260</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">168,691</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">Accumulated depreciation</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(24,284)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(24,284)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(23,692)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(23,692)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Balance at December 31, 2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">97,610</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;62,264</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;159,874</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">94,431</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;50,568</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">144,999</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Depreciation (note 26)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(2,291)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(2,291)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(1,805)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(1,805)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Transfer of property, plant and equipment</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;4,065</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;1</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">4,066</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(133)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;133</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Acquisition of Elizabeth</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;1,296</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">1,296</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Transfers to other asset groups</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(132)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">132</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Others</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(14)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(14)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Balance at September 30, 2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">101,543</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;61,402</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;162,945</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">94,284</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;48,896</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">143,180</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Cost</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">101,543</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;87,977</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;189,520</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">94,284</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;74,393</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">168,677</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Accumulated depreciation</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(26,575)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(26,575)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(25,497)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(25,497)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Balance at September 30, 2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 2pt double; text-align: right">101,543</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 2pt double; text-align: right">&nbsp;61,402</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 2pt double; text-align: right">&nbsp;162,945</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 2pt double; text-align: right">94,284</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 2pt double; text-align: right">&nbsp;48,896</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 2pt double; text-align: right">143,180</TD></TR>
  </TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company's management estimate of the fair value of investment
properties was made for December 31, 2020. The fair value of investment property on September 30, 2021 is R$1,864,859 (R$1,863,563 on
December 31, 2020) and in the parent company is R$1,795,553 (R$1,795,553 on December 31, 2020).</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The average estimated useful lives for the periods are as follows
(in years):</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 37%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 15%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 15%">Consolidated</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 15%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 15%">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Buildings</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">27</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">27</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">28</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">28</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">12.</TD><TD STYLE="text-align: justify">PROPERTY, PLANT AND EQUIPMENT</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="text-align: right; font-family: Arial, sans-serif"><B>Consolidated</B></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; width: 37%">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 6%">Land</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 7%">Buildings and Infrastructure</TD>
    <TD STYLE="text-align: center; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 8%">Machinery, equipment and facilities</TD>
    <TD STYLE="text-align: center; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 6%">Furniture and fixtures</TD>
    <TD STYLE="text-align: center; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 7%">Construction in progress</TD>
    <TD STYLE="text-align: center; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 7%">Right of use (i)</TD>
    <TD STYLE="text-align: center; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 7%">Other (*)</TD>
    <TD STYLE="text-align: center; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 8%">Total</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Balance at December 31, 2020</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;257,686</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">2,677,565</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">12,457,383</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">26,297</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;3,680,322</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;516,668</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;100,302</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;19,716,223</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Cost</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;257,686</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">4,752,412</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">26,213,225</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">182,974</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;3,680,322</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;634,786</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;414,705</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;36,136,110</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Accumulated depreciation</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(2,074,847)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(13,755,842)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(156,677)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(118,118)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(314,403)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(16,419,887)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Balance at December 31, 2020</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;257,686</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">2,677,565</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">12,457,383</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">26,297</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;3,680,322</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;516,668</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;100,302</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;19,716,223</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Effect of foreign exchange differences</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(1,304)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(2,958)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(2,967)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(271)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(232)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(21)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(8)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(7,761)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Acquisitions</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;281,358</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;3,862</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;1,679,146</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;41,392</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">3,665</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">2,009,423</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Capitalized interest (1) (notes 28 and 31)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;60,996</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;60,996</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Write-offs (note 27)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(2)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(1,175)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(160)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(2,900)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(38,017)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(918)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(43,172)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Depreciation (note 26)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(114,194)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(1,308,081)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(4,093)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(48,033)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(20,789)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(1,495,190)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Transfers to other asset categories</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">117,873</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">1,611,610</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;1,180</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(1,743,252)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;12,589</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Transfers to intangible assets</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(18,722)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(18,722)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Right of use - Remesurement</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;104,453</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;104,453</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Transfers to fixed assets to investment property without cash effect</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(4,065)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(1)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(4,066)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Acquisition of Elizabeth</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;100,489</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">227,629</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">278,576</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">878</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;16,400</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">3,173</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;627,145</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Others</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(7)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(14)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">751</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;121</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;851</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Balance at September 30, 2021</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;352,799</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">2,905,912</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">13,316,690</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">27,693</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;3,672,509</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;576,442</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;98,135</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;20,950,180</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Cost</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;352,799</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">5,157,248</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">28,376,476</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">187,520</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;3,672,509</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;729,166</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;432,233</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;38,907,951</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Accumulated depreciation</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(2,251,336)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(15,059,786)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(159,827)</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(152,724)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(334,098)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(17,957,771)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Balance at September 30, 2021</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;352,799</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">2,905,912</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">13,316,690</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">27,693</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;3,672,509</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;576,442</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;98,135</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;20,950,180</TD></TR>
  </TABLE>
<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 38 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="text-align: right; font-family: Arial, sans-serif"><B>Parent Company</B></TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; width: 29%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 7%">Land</TD>
    <TD STYLE="border-top: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 9%">Buildings and Infrastructure</TD>
    <TD STYLE="border-top: Black 0.5pt solid; text-align: center; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 9%">Machinery, equipment and facilities</TD>
    <TD STYLE="border-top: Black 0.5pt solid; text-align: center; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 7%">Furniture and fixtures</TD>
    <TD STYLE="border-top: Black 0.5pt solid; text-align: center; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 8%">Construction in progress</TD>
    <TD STYLE="border-top: Black 0.5pt solid; text-align: center; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 7%">Right of use (i)</TD>
    <TD STYLE="border-top: Black 0.5pt solid; text-align: center; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 7%">Other (*)</TD>
    <TD STYLE="border-top: Black 0.5pt solid; text-align: center; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 9%">Total</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Balance at December 31, 2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">28,953</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">1,014,542</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">7,519,472</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;8,397</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">1,652,468</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">64,659</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">27,233</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">10,315,724</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Cost</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">28,953</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">1,333,345</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">15,039,880</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">98,193</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">1,652,468</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">107,528</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">139,806</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">18,400,173</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Accumulated depreciation</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(318,803)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(7,520,408)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(89,796)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(42,869)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(112,573)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(8,084,449)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Balance at December 31, 2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">28,953</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">1,014,542</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">7,519,472</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;8,397</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">1,652,468</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">64,659</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">27,233</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">10,315,724</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Acquisitions</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font: 10pt Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">36,435</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;2,137</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;671,938</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">571</TD>
    <TD STYLE="font: 10pt Times New Roman, serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;8</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">711,089</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Capitalized interest (1) (notes 28 and 31)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;18,007</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">18,007</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Write-offs (note 27)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(17,073)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(17,073)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Depreciation (note 26)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(13,615)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(604,353)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(1,346)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(6,086)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(4,199)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(629,599)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Drop down of Cements (note 11.c)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(3,350)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(720,068)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(1,643,144)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(687)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(733,706)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(23,697)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(4,509)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(3,129,161)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Transfers to other asset categories</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;747</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;875,141</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">163</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(876,904)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">853</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Transfers to intangible assets</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(18,392)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(18,392)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Right of use - Remesurement</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(1,331)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(1,331)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Others</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">8</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(1)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(104)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(97)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Balance at September 30, 2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">25,611</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">281,605</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">6,183,447</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;8,664</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;713,411</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">17,043</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">19,386</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">7,249,167</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Cost</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">25,611</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">491,674</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">13,637,063</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">96,549</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;713,411</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">35,091</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">126,681</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">15,126,080</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Accumulated depreciation</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(210,069)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(7,453,616)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(87,885)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(18,048)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(107,295)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(7,876,913)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Balance at September 30, 2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">25,611</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">281,605</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">6,183,447</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;8,664</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;713,411</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">17,043</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">19,386</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">7,249,167</TD></TR>
  </TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">(*) Refer substantially to: <B>i)</B> in the consolidated picture:
assets for railway use, such as yards, rails, mines and dormant;</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0">(1) The costs of capitalized interest is calculated, basically, for Mining and Steel
projects that substantially refer, substantially, to:</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0">- Steel: echnological modernization and acquisition of new equipment for the maintenance
of the production capacity of the Presidente Vargas Plant (RJ);</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0">- Mining: the expansion of Casa de Pedra (MG) and TECAR (RJ) - see notes 28 and 31.</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">(i)</TD><TD STYLE="text-align: justify">Right of use</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Below the movements of the right of use recognized on September
30, 2021:</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; width: 35%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 11%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 13%">Consolidated</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Land</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Buildings and Infrastructure</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Machinery, equipment and facilities</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Others</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Balance at December 31, 2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">393,015</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">66,086</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">51,946</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">5,621</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;516,668</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Cost</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">434,689</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">75,882</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">81,598</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">42,617</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;634,786</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Accumulated depreciation</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(41,674)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(9,796)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(29,652)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(36,996)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(118,118)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Balance at December 31, 2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">393,015</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">66,086</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">51,946</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">5,621</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;516,668</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Effect of foreign exchange differences</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(9)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(8)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(4)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(21)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Addition</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,473</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">178</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">36,900</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,840</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">41,391</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Remesurement</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">62,704</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">17,889</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">23,861</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;104,454</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Depreciation&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(17,472)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(722)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(18,045)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(11,794)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(48,033)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Write-offs</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(16,940)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(20,944)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(133)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(38,017)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Transfers to other asset categories</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5,935</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(7,860)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(5,935)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">7,860</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Balance at September 30, 2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">428,715</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">75,562</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">67,775</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">4,390</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;576,442</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Cost</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;481,619</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">94,041</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;108,373</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;45,133</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;729,166</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Accumulated depreciation</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(52,904)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(18,479)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(40,598)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(40,743)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(152,724)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Balance at September 30, 2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">428,715</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">75,562</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">67,775</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">4,390</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;576,442</TD></TR>
  </TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 39 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->37<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; width: 43%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; width: 15%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 14%">Parent Company</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: center">Land</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: center">Machinery, equipment and facilities</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: center">Others</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Balance at December 31, 2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;21,081</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">42,082</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,496</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;64,659</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Cost</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;37,700</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">64,003</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">5,825</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;107,528</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Accumulated depreciation</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(16,619)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(21,921)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(4,329)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(42,869)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Balance at December 31, 2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;21,081</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">42,082</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,496</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;64,659</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Addition</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;571</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">571</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Drop down of Cements (note 11.c)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,808)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(21,497)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(392)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(23,697)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Remesurement</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,331)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,331)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Depreciation&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(5,356)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(393)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(337)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(6,086)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Write-offs</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(16,940)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(133)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(17,073)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Transfers to other asset categories</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5,935</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(5,935)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Balance at September 30, 2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,581</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">14,257</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,205</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;17,043</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Cost</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;15,161</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">17,034</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">2,896</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;35,091</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Accumulated depreciation</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(13,580)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(2,777)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(1,691)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(18,048)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Balance at September 30, 2021</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,581</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">14,257</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,205</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;17,043</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The average estimated useful lives for the periods are as follows
(in years):</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 37%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 15%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 15%">Consolidated</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 15%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 15%">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Buildings and Infrastructure(1)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">34</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">34</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">31</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">42</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Machinery, equipment and facilities</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">19</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">20</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">21</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">21</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Furniture and fixtures</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">13</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">12</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">13</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">13</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Others</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">12</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">12</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-indent: 0cm">(1) In the Parent Company the reduction is due to the <I>Drop down</I>
of the cement assets from CSN to CSN Cimentos S.A..</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">13.</TD><TD STYLE="text-align: justify">INTANGIBLE ASSETS</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="13" STYLE="text-align: right; font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt"><B>Consolidated</B></FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 7pt">Parent
    Company</FONT></TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; width: 24%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 7%"><FONT STYLE="font-size: 7pt">Goodwill</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 7%"><FONT STYLE="font-size: 7pt">Customer
    relationships</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 8%"><FONT STYLE="font-size: 7pt">Software</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 7%"><FONT STYLE="font-size: 7pt">Trademarks<BR>
    and<BR>
    patents</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 8%"><FONT STYLE="font-size: 7pt">Rights
    and licenses (*)</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-size: 7pt">Others</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-size: 7pt">Total</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-size: 7pt">Software</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-size: 7pt">Rights
    and licenses</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 6%"><FONT STYLE="font-size: 7pt">Total</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">Balance
    at December 31, 2020</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;3,606,156</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;278,041</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;45,665</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">215,532</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">3,169,349</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">2,051</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;7,316,794</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;40,236</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;8,086</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;48,322</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Cost&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;3,846,563</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;823,540</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;182,059</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">215,532</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">3,193,787</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">2,051</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;8,263,532</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;131,795</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;8,088</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;139,883</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Accumulated
    amortization&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;(131,077)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">(545,499)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">(136,394)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">(24,438)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">(837,408)</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">(91,559)</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">(2)</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">(91,561)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Adjustment
    for accumulated recoverable value&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;(109,330)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">(109,330)</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">Balance
    at December 31, 2020</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;3,606,156</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;278,041</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;45,665</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">215,532</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">3,169,349</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">2,051</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;7,316,794</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;40,236</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;8,086</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;48,322</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">Effect
    of foreign exchange differences</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;(2,807)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">(75)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;(2,690)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">(26)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">(5,598)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">Acquisitions
    and expenditures</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;1,590</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;1,590</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">Transfer
    of property, plant and equipment</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;18,722</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;18,722</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;18,392</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;18,392</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">Drop
    down of Cements (note 11.c)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">(8,086)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">(8,086)</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">Amortization
    (note 26)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">(51,232)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">(8,468)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">(12,712)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">(72,412)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">(6,433)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">(6,433)</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">Business
    Combination Elizabeth (note 4)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">107,177</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;305,655</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">412,832</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"></TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">Balance
    at September 30, 2021</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;3,713,333</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;224,002</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;57,434</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">212,842</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">3,462,292</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">2,025</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;7,671,928</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;52,195</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;52,195</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Cost&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;3,953,740</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;813,279</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;203,079</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">212,842</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">3,500,053</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">2,025</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;8,685,018</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;150,186</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;150,186</FONT></TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Accumulated
    amortization&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;(131,077)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">(589,277)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">(145,645)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">(37,761)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;(903,760)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">(97,991)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">(97,991)</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;Adjustment
    for accumulated recoverable value&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;(109,330)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;(109,330)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 7pt">Balance
    at September 30, 2021</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;3,713,333</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;224,002</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;57,434</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">212,842</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">3,462,292</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">2,025</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;7,671,928</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;52,195</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="border-top: Black 0.5pt solid; border-bottom: Black 2pt double; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;52,195</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">(*) Composed mainly of mining rights. Amortization is based on production
volume.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The average useful life by nature is as follows (in years):</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 29%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 17%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 17%">Consolidated</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 17%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 17%">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Software</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">9</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">9</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">9</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Customer relationships</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">13</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">13</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">13.a)</TD><TD STYLE="text-align: justify">Goodwill impairment test</TD></TR></TABLE>


<!-- Field: Page; Sequence: 40 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->38<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Goodwill arising from expected future profitability of acquired
companies and intangible assets with indefinite useful lives (brands) were allocated to CSN&#8217;s cash generating units (CGUs) which
represent the lowest level of assets or group of assets of the Company. According to CPC 01 (R1) / IAS36, when a CGU has an intangible
asset with no defined useful life allocated, the Company must perform an impairment test.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The assumptions used in the calculation of the value in use on December
31, 2020, remain in force and it was not necessary to record impairment losses on the balances of these assets for the period ended September
30, 2021</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">14.</TD><TD STYLE="text-align: justify">BORROWINGS AND FINANCING</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The balances of loans, financing and debentures that are recorded
at amortized cost are as follows:</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8.5pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="text-align: right; font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 8pt">Consolidated</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="6" STYLE="text-align: right; font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid"><FONT STYLE="font-size: 8pt">Parent
    Company</FONT></TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Arial, sans-serif; vertical-align: middle"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;Current
    Liabilities&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;Noncurrent
    Liabilities&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;Current
    Liabilities&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;Noncurrent
    Liabilities&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; width: 36%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Arial, sans-serif; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 7%"><FONT STYLE="font-size: 8pt">09/30/2021</FONT></TD>
    <TD STYLE="font-family: Albertus Medium, sans-serif; text-align: right; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 7%"><FONT STYLE="font-size: 8pt">12/31/2020</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 7%"><FONT STYLE="font-size: 8pt">09/30/2021</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 7%"><FONT STYLE="font-size: 8pt">12/31/2020</FONT></TD>
    <TD STYLE="font-family: Albertus Medium, sans-serif; text-align: right; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 7%"><FONT STYLE="font-size: 8pt">09/30/2021</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 7%"><FONT STYLE="font-size: 8pt">12/31/2020</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 7%"><FONT STYLE="font-size: 8pt">09/30/2021</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 7%"><FONT STYLE="font-size: 8pt">12/31/2020</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">Foreign Debt</FONT></TD>
    <TD STYLE="font: bold 8pt Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">Floating Rates in US$:</FONT></TD>
    <TD STYLE="font: bold 8pt Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">Prepayment</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;1,170,408</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;1,119,558</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;3,787,454</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;3,457,105</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;1,102,531</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;1,118,415</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;1,071,290</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;3,067,352</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">Fixed Rates in US$:</FONT></TD>
    <TD STYLE="font: 8pt Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">Bonds, Perpetual bonds,
    Facility, CCE and ACC</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">302,709</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">426,676</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;14,995,801</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;19,898,213</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">31,969</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">Intercompany</FONT></TD>
    <TD STYLE="font: 8pt Arial, sans-serif; vertical-align: top; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">345,418</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">475,035</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;7,922,215</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;12,971,249</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">Fixed interest in EUR</FONT></TD>
    <TD STYLE="font: bold 8pt Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">Intercompany</FONT></TD>
    <TD STYLE="font: bold 8pt Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">31,692</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">9,132</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;1,307,497</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;1,595,775</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">Facility</FONT></TD>
    <TD STYLE="font: 8pt Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">63,471</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">326,970</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">94,475</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">143,503</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;1,536,588</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;1,873,204</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;18,877,730</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;23,498,821</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;1,479,641</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;1,634,551</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;10,301,002</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;17,634,376</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">Debt agreements in Brazil</FONT></TD>
    <TD STYLE="font: bold 8pt Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">Floating Rate Securities in R$:</FONT></TD>
    <TD STYLE="font: bold 8pt Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">BNDES/FINAME, Debentures,
    NCE and CCB</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;2,449,248</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;2,282,279</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;7,070,948</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;7,716,307</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;2,188,995</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;2,234,683</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">5,017,208</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">6,838,197</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">Fixed Rate Securities
    in R$:</FONT></TD>
    <TD STYLE="font: 8pt Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">Intercompany</FONT></TD>
    <TD STYLE="font: bold 8pt Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">18,749</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">18,423</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 8pt Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;2,449,248</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;2,282,279</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;7,070,948</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;7,716,307</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">2,207,744</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">2,253,106</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">5,017,208</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">6,838,197</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">Total Borrowings and
    Financing</FONT></TD>
    <TD STYLE="font: 8pt Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;3,985,836</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;4,155,483</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;25,948,678</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;31,215,128</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;3,687,385</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;3,887,657</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;15,318,210</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;24,472,573</FONT></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">Transaction Costs and Issue Premiums</FONT></TD>
    <TD STYLE="font: 8pt Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;(47,320)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;(29,030)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;(204,300)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;(70,928)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;(25,709)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;(29,164)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;(38,231)</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;(48,820)</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">Total Borrowings and
    Financing + Transaction cost</FONT></TD>
    <TD STYLE="font: bold 8pt Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 8pt">3,938,516</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 8pt">4,126,453</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 8pt">25,744,378</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 8pt">31,144,200</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 8pt">3,661,676</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 8pt">3,858,493</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 8pt">15,279,979</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif"><FONT STYLE="font-size: 8pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 8pt">24,423,753</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">14.a)</TD><TD STYLE="text-align: justify">Borrowing and amortization, financing and debentures</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The following table shows amortization and funding during the period:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; width: 37%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 14%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 15%">Consolidated</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 15%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 15%">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Opening balance</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">35,270,653</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">27,967,036</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">28,282,246</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;24,099,460</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">New debts</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;8,377,312</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">8,116,247</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,021,005</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,502,457</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Repayment</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(15,334,408)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(6,448,658)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(11,822,305)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(2,907,845)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Payments of charges</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,702,971)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,922,130)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(599,523)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,051,557)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Accrued charges (note 28)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,641,058</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,002,052</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">542,460</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,012,750</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Acquisition of Elizabeth</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">382,741</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Others(1)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,048,509</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5,556,106</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">517,772</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,626,981</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Closing balance</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">29,682,894</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">35,270,653</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">18,941,655</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;28,282,246</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt">1.</TD><TD>Including unrealized exchange and monetary variations and funding cost.</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">On September 30,2021, the Company entered into new debt agreements
and amortized borrowings as shown below:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 46%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 11%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 20%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 20%">Consolidated</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right">09/30/2021</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Nature</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">New debts</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Repayment</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Interest payment</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; border-top-color: Black; border-top-width: 0.5pt">&nbsp;Prepayment (1)&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,195,387</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2,176,137)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(111,855)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;Bonds, Perpetual bonds, ACC, CCE and Facility (2)&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,991,022</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(11,054,284)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,314,468)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;BNDES/FINAME, Debentures, NCE and CCB (3)&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,190,903</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2,101,798)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(276,508)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;8,377,312</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(15,332,219)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(1,702,831)</TD></TR>
  </TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(1)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">During the first quarter of 2021, the Company
amortized debts initially scheduled for October 2021 and January 2022 in the amount of US$329 million, equivalent to R$1.9 billion. In
June 2021, the Company raised Prepayments through its subsidiary CSN Minera&ccedil;&atilde;o in the total amount of US$386 million, equivalent
to R$1.9 billion. Payments are scheduled from 2021 to 2033</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0 0 0 14pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(2)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">In the second quarter of 2021 The Company
issued debt securities in the foreign market (&quot;Notes&quot;), in the amount of US$850 million, equivalent to R$4.3 billion, through
its subsidiary CSN Resources, maturing in 2031. Additionally, it used part of the funds in the amount of US$421 million in the &quot;Tender
Offer&quot; of Notes issued by CSN Resources S.A. maturing in 2023. All Notes mentioned above are unconditionally and irrevocably guaranteed
by the Company.</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0 0 0 35.4pt">&nbsp;</P>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">In the third quarter, the Company anticipated amortization
of Perpetual Bonds in the amount of $1.000 billion from its subsidiary Island XII.</P>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14pt"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">(3)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial,sans-serif; font-size: 8pt">In the first quarter of 2021 The Company repurchased
450,000 debentures in the amount of R$391 million anticipating maturities scheduled from March 2021 to December 2023.</FONT></TD></TR></TABLE>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0 0 0 14pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0 0 0 14pt; text-align: justify">In July 2021, the subsidiary CSN Minera&ccedil;&atilde;o
approved its first issue of simple debentures, not convertible into shares, of the chirography type, in two (2) series, in the total amount
of R$1.0 billion, with market interest and updated by IPCA. The maturity of the Debentures will be 10 years (2031) for the first series
and 15 years (2036) for the second series with semi-annual interest payments. For this operation, the Company contracted an interest rate
swap.</P>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0 0 0 14pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The following table shows the average interest rates:</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 20%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font: bold 8.5pt Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 18%">Consolidated</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 20%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font: bold 8.5pt Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 25%">Parent Company</TD></TR>
  <TR>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font: bold 8.5pt Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">09/30/2021</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font: bold 8.5pt Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">09/30/2021</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font: bold 8.5pt Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Average interest rate (i)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: bold 8.5pt Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Total debt</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: bold 8.5pt Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Average interest rate (i)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: bold 8.5pt Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Total debt</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">US$</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5.44%</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">20,256,372</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1.23%</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;10,441,454</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">EUR</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1.50%</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;157,946</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3.58%</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,339,189</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">R$</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">7.49%</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">9,520,196</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">7.54%</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">7,224,952</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">29,934,514</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;19,005,595</TD></TR>
  </TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 13.95pt">(i)</TD><TD STYLE="text-align: justify">To determine the average interest rate on debt contracts with floating rates, the Company used the rates
applied on September 30, 2020. In the Parent Company, it considers the interest rate of the contracts <I>intercompany</I>.</TD></TR></TABLE>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">14.b)</TD><TD STYLE="text-align: justify">Maturities of loans, financing and debentures presented in current and non-current liabilities</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center; width: 18%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font: bold 8.5pt Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">Consolidated</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 14%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 14%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font: bold 8.5pt Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">Parent Company</TD></TR>
  <TR>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font: bold 8.5pt Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: bold 8.5pt Arial, sans-serif; vertical-align: middle; text-align: right">09/30/2021</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: bold 8.5pt Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Principal</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font: bold 8.5pt Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Principal</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: bold 8.5pt Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Borrowings and financing in foreign currency</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: bold 8.5pt Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Borrowings and financing in national currency</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: bold 8.5pt Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: bold 8.5pt Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Borrowings and financing in foreign currency</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font: bold 8.5pt Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Borrowings and financing in national currency</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font: bold 8.5pt Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">2021</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">83,027</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;555,547</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;638,574</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">355,300</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">550,717</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">906,017</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">2022</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,483,336</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,723,335</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,206,671</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,124,341</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,326,878</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,451,219</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">2023</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,557,552</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,949,314</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,506,866</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,837,165</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,554,721</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,391,886</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">2024</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">451,433</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,301,997</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,753,430</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,443,193</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,045,434</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,488,627</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">2025</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">283,719</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;151,690</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;435,409</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">448,750</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">71,447</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">520,197</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">2026</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,623,076</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;291,912</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,914,988</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">247,571</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">221,447</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">469,018</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">After 2026</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;12,932,175</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,546,401</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;14,478,576</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,324,323</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">454,308</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,778,631</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;20,414,318</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">9,520,196</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;29,934,514</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;11,780,643</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;7,224,952</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">19,005,595</TD></TR>
  </TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: italic bold 9pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0cm"><FONT STYLE="font-family: Symbol; font-style: normal; font-weight: normal">&middot;</FONT><FONT STYLE="font-family: Times New Roman; font-size: 7pt; font-style: normal; font-weight: normal">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT>Covenants</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 36pt; text-align: justify"><I>&nbsp;</I></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company&#8217;s borrowing agreements provide for the fulfillment
of certain non-financial obligations, as well as the maintenance of certain parameters and performance indicators, such as the publication
of its audited financial statements within the regulatory terms or payment of commission for assumption of risks if the indicator of net
debt to EBITDA reaches the levels set out in such agreements. Until now, the Company is in compliance with all financial and non-financial
obligations (covenants) of its current contracts.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">At the moment, the Company is in compliance with the financial and
non-financial obligations (covenants) of its agreements in force.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">15.</TD><TD STYLE="text-align: justify">FINANCIAL INSTRUMENTS</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">I - Identification and valuation of financial instruments</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company may operate with several financial instruments, with
emphasis on cash and cash equivalents, including financial investments, marketable securities, accounts receivable from customers, accounts
payable to suppliers and borrowings and financing. Additionally, we may also operate with derivative financial instruments, such as swap
exchange rate, swap interest and derivatives with commodities.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Considering the nature of the instruments, the fair value is basically
determined by the use of quotations in the capital markets in Brazil and the Mercantile and Futures Exchange. The amounts recorded in
current assets and liabilities have immediate liquidity. Considering the term and characteristics of these instruments, fair values do
not differ from the recorded amounts.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>


<!-- Field: Page; Sequence: 43 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT></TD><TD STYLE="text-align: justify">Classification of financial instruments</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 32%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 5%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">Consolidated</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center">Consolidated</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Notes</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center">Fair value through profit or loss</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Measured at amortized cost</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Balances</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center">Fair value through profit or loss</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Measured at amortized cost</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Balances</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Assets</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Current</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Cash and cash equivalents</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;15,255,105</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;15,255,105</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;9,944,586</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;9,944,586</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Short-term investments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,565,009</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">625,580</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,190,589</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,305,109</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">478,253</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,783,362</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Trade receivables</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">7</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,242,438</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,242,438</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,867,352</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,867,352</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Dividends and interest on equity</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">208,672</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;208,672</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">38,088</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;38,088</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Derivative financial instruments</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;82,736</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;82,736</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Trading securities</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;13,659</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;13,659</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5,065</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;5,065</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Loans - related parties</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;2,893</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;2,893</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">2,661,404</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;19,334,688</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;21,996,092</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">3,310,174</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;13,328,279</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;16,638,453</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Non-current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Investments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">141,544</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;141,544</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">123,409</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;123,409</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Other trade receivables</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,345</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,345</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,445</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,445</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Eletrobr&aacute;s compulsory loan</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">862,059</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;862,059</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">852,532</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;852,532</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Receivables by indemnity</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">530,468</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;530,468</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">517,183</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;517,183</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Loans - related parties</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,115,612</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,115,612</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">966,050</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;966,050</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Investments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">11</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;205,608</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;205,608</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;59,879</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;59,879</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;205,608</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;2,652,028</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;2,857,636</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;59,879</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;2,461,619</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;2,521,498</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Total Assets</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,867,012</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;21,986,716</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;24,853,728</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,370,053</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;15,789,898</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;19,159,951</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Liabilities</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left"><B>Current</B></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Borrowings and financing&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">14</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,985,836</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,985,836</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,155,483</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,155,483</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Trade payables</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">18</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;6,567,758</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;6,567,758</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;4,819,539</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;4,819,539</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Trade payables -drawee risk</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">16</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;3,459,394</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;3,459,394</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">623,861</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;623,861</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Dividends and interest on capital</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">16</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;2,535</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;2,535</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">946,133</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;946,133</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Leases</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">17</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">105,752</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;105,752</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">93,626</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;93,626</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Derivative financial instruments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">8,722</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;8,722</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;14,121,275</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;14,121,275</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">8,722</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;10,638,642</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;10,647,364</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Non-current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Borrowings and financing&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">14</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;25,948,678</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;25,948,678</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;31,215,128</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;31,215,128</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Trade payables</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">18</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">104,400</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;104,400</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">543,527</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;543,527</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Derivative financial instruments</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;99,012</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;99,012</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;97,535</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;97,535</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Leases</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">17</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">496,134</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;496,134</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">436,505</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;436,505</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;99,012</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;26,549,212</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;26,648,224</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;97,535</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;32,195,160</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;32,292,695</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Total Liabilities</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;99,012</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;40,670,487</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;40,769,499</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;106,257</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;42,833,802</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;42,940,059</TD></TR>
  </TABLE>
<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<!-- Field: Page; Sequence: 44 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->42<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 34%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 5%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center">Parent Company</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Notes</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center">Fair value through profit or loss</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Measured at amortized cost</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Balances</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center">Fair value through profit or loss</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Measured at amortized cost</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Balances</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Assets</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Current</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Cash and cash equivalents</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,570,810</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,570,810</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,647,125</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,647,125</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Short-term investments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,565,009</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">411,598</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,976,607</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,305,109</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">475,782</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,780,891</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Trade receivables</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">7</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,260,212</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,260,212</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,549,703</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,549,703</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Dividends and interest on equity</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">193,685</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;193,685</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">329,413</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;329,413</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Trading securities</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;13,529</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;13,529</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,927</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,927</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Loans - related parties</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;2,893</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;2,893</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">53,718</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;53,718</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">2,578,538</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;5,439,198</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;8,017,736</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">3,310,036</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;7,055,741</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;10,365,777</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Non-current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Investments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">126,631</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;126,631</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">123,409</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;123,409</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Other trade receivables</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,003</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,003</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,003</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,003</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Eletrobr&aacute;s compulsory loan</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">861,204</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;861,204</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">851,713</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;851,713</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Receivables by indemnity</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">530,468</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;530,468</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">517,183</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;517,183</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Loans - related parties</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,245,504</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,245,504</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,007,677</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,007,677</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Investments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">11</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;205,608</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;205,608</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;59,879</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;59,879</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;205,608</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;2,764,810</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;2,970,418</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;59,879</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;2,500,985</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;2,560,864</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Total Assets</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,784,146</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;8,204,008</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;10,988,154</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,369,915</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;9,556,726</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;12,926,641</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Liabilities</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Borrowings and financing&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">14</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,687,385</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,687,385</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,887,657</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,887,657</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Trade payables</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">18</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;4,321,763</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;4,321,763</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;4,133,089</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;4,133,089</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Trade payables -drawee risk</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">16</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;3,459,394</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;3,459,394</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">623,861</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;623,861</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Dividends and interest on capital</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">16</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;2,534</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;2,534</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">901,983</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;901,983</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Leases</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">17</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;7,300</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;7,300</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">26,546</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;26,546</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;11,478,376</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;11,478,376</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;9,573,136</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;9,573,136</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Non-current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Borrowings and financing&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">14</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;15,318,210</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;15,318,210</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;24,472,573</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;24,472,573</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Trade payables</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">18</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">54,702</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;54,702</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">376,753</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;376,753</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Derivative financial instruments</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;99,012</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;99,012</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;97,535</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;97,535</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Leases</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">17</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">11,686</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;11,686</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">40,561</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;40,561</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;99,012</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;15,384,598</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;15,483,610</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;97,535</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;24,889,887</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;24,987,422</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Total Liabilities</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;99,012</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;26,862,974</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;26,961,986</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;97,535</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;34,463,023</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;34,560,558</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT></TD><TD STYLE="text-align: justify">Fair value measurement</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The table below shows the financial instruments recorded at fair
value through profit or loss, classifying them according to the fair value hierarchy:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 45 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->43<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; width: 46%">Consolidated</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 8%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; text-align: right; width: 8%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 8%">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Level 1</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Level 2</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Balances</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Level 1</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Level 2</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Balances</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Assets</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Financial assets at fair value through profit or loss</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Financial investments</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;2,565,009</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;2,565,009</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;3,305,109</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;3,305,109</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Derivative financial instruments</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">82,736</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;82,736</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Trading securities</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">13,659</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;13,659</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">5,065</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;5,065</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Non-current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Financial assets at fair value through profit or loss</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Investments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">205,608</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;205,608</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">59,879</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;59,879</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Total Assets</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;2,784,276</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">82,736</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;2,867,012</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;3,370,053</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;3,370,053</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Liabilities</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Current</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Financial liabilities at fair value through profit or loss</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Derivative financial instruments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">8,722</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;8,722</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Non-current</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Financial liabilities at fair value through profit or loss</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Derivative financial instruments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">99,012</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;99,012</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">97,535</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;97,535</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Total Liabilities</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">99,012</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;99,012</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">106,257</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;106,257</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-style: normal"><B>Level 1</B> - Data are prices
quoted in an active market for items identical to the assets and liabilities being measured.</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>Level 2</B> - Consider <I>inputs</I> observable in the market,
such as interest rates, exchange rates, etc., but are not prices negotiated in active markets.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-style: normal">&nbsp;</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-style: normal">There are no assets or liabilities
classified as level 3.</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-style: normal"><B>II - Investments in securities
valued at fair value through profit or loss </B></FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company has common shares (USIM3), preferred shares (USIM5)
of Usiminas (&#8220;Usiminas shares&#8221;) and shares of Panatl&acirc;ntica SA (PATI3), which are designated as fair value through profit
or loss.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Usiminas shares are classified as current assets in financial investments
and Panatl&acirc;ntica shares are classified as non-current assets under the investment item. They are recorded at fair value (<I>fair
value</I>), based on the market price quote in B3.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">In accordance with the Company&#8217;s policy, the gains and losses
arising from the variation in the share price are recorded directly in the income statement as financial result in the case of financial
investments, or as other operating income and expenses in the case of long-term investments.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 11pt Arial, sans-serif; width: 8%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 4%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 5%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 8%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 6%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 4%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 3%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 5%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 1%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; width: 14%"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Class
    of shares</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">09/30/2021</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">Sales
    of shares</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">12/31/2020</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center"><FONT STYLE="font-size: 7pt">09/30/2021</FONT></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: 11pt Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">Quantity</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">Equity
    interest (%)</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">Share
    price</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">Closing
    Balance</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">Quantity</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">Share
    price</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">Net
    cash received</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">Net
    gain from the transaction</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">Quantity</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">Equity
    interest (%)</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">Share
    price</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">Closing
    Balance</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt"><FONT STYLE="font-size: 7pt">Profit
    or loss for the period in 2021 (notes 27 and 28)</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">USIM3</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;106,620,851</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">15.12%</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">15.72</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;1,676,080</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">(535,800)</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;23.57</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;12,627</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">3,569</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;107,156,651</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">15.19%</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">15.69</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">1,681,288</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">7,418</FONT></TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">USIM5</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;55,144,456</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">10.07%</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">16.12</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">888,929</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">(56,000,000)</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;23.12</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">1,294,720</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">502,275</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;111,144,456</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">20.29%</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">14.61</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">1,623,821</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;559,829</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;2,565,009</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">1,307,347</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">505,844</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">3,305,109</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;567,247</FONT></TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">PATI3</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;2,705,726</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">11.31%</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">75.99</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">205,608</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;2,065,529</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">11.31%</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">28.99</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">59,879</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;124,542</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;2,770,617</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 11pt Arial, sans-serif; vertical-align: bottom"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">1,307,347</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">505,844</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">3,364,988</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"><FONT STYLE="font-size: 7pt">&nbsp;691,789</FONT></TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">In May 2021 the Company sold 535,800 common shares (USIM3) in the
amount of R$12,627 and sold 56,000,000 preferred shares (USIM5) in the amount of R$1,294,720, totaling R$1,307,347.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>III - Financial risk management:</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company uses risk management strategies with guidance on the
risks incurred by us. The nature and general position of financial risks are regularly monitored and managed in order to assess results
and the financial impact on cash flow. Credit limits and hedge quality of counterparties are also reviewed periodically.</P>


<!-- Field: Page; Sequence: 46 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Market risks are hedged when we consider necessary to support the
corporate strategy or when it is necessary to maintain the level of financial flexibility.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">We are exposed to exchange rate, interest rate, market price and
liquidity risks.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company may manage some of the risks through the use of derivative
instruments not associated with any speculative trading or short selling.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">15.a)</TD><TD STYLE="text-align: justify">Exchange rate, market price and interest rate risk:</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT></TD><TD STYLE="text-align: justify">Exchange rate risk</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 21.3pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The exposure arises from the existence of assets and liabilities
denominated in Dollar or Euro, since the Company&#8217;s functional currency is substantially the Real and is called natural exchange
exposure. The net exposure is the result of the offsetting of the natural exchange exposure by the instruments of <I>hedge</I> adopted
by CSN.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The consolidated net exposure as of September 30, 2021 is shown
below:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font: bold 12pt Arial, sans-serif; width: 65%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 17%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 16%">09/30/2021</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Foreign Exchange Exposure</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">(Amounts in US$&rsquo;000)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">(Amounts in &euro;&rsquo;000)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Cash and cash equivalents overseas</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,884,160</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6,778</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Trade receivables</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;171,873</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,771</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Iron ore derivative</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;12,945</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Financial investments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;23,280</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;Other assets&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;50,239</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;5,876</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Total Assets</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;2,142,497</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;16,425</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Borrowings and financing&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(3,724,098)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Trade payables</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(449,232)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(8,937)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Other liabilities</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(7,462)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,130)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Total Liabilities</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">(4,180,792)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">(10,067)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">Foreign exchange exposure</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">(2,038,295)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;6,358</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top">Cash flow hedge accounting</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;3,705,350</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: top">Exchange rate swap CDI x Dollar&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(67,000)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: top">Net foreign exchange exposure</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,600,055</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;6,358</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">CSN uses as a strategy the <I>Hedge Accounting</I>, as well as derivative
financial instruments to protect future cash flows.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">Sensitivity analysis of Derivative Financial Instruments and
Consolidated Foreign Exchange Exposure</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company considered scenarios 1 and 2 to be 25% and 50% deterioration
for currency volatility, using the exchange rate closing rate as of September 30, 2021 as a reference.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0">The currencies used in the sensitivity analysis and their respective scenarios are shown
below:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 15%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 4%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 27%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 18%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 14%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 17%">09/30/2021</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid">Currency</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Exchange rate</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">Probable scenario</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">Scenario 1</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">Scenario 2</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">USD</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;5.4394</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5.6423</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6.7993</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">8.1591</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">EUR</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6.2983</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6.5699</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">7.8729</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">9.4475</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">USD x EUR</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1.1579</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1.1644</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1.4474</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1.7369</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; text-indent: 0.05pt">The effects on the result, considering scenarios
1 and 2 are shown below:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 47 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->45<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; width: 36%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 12%">09/30/2021</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Instruments</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Notional</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Risk</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Probable scenario (*) R$</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Scenario 1 R$</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Scenario 2 R$</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Gross exchange position</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2,038,295)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">Dollar</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(413,570)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2,771,775)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(5,543,551)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Cash flow hedge accounting</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,705,350</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">Dollar</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">751,816</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5,038,720</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;10,077,440</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Exchange rate swap CDI x Dollar&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(67,000)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">Dollar</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(13,594)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(91,110)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(182,220)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Net exchange position</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">1,600,055</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">Dollar</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">324,652</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">2,175,835</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;4,351,669</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Net exchange position</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">6,358</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">Euro</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;4,084</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">9,422</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">24,969</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Exchange rate swap Dollar x Euro&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">71,750</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">Dollar</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;6,642</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;(82,158)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;(140,716)</TD></TR>
  </TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">(*) The probable scenarios were calculated considering the following
variations for risks: Real x Dollar - devaluation of the Real by 3.73% / Real x Euro &#8211; devaluation of the Real by 10.84% / Euro
x Dollar - appreciation of Euro by 0.53%. Source: Central Bank of Brazil and European Central Bank quotations on Oct 21,2021.</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT></TD><TD STYLE="text-align: justify">Stock market price risks</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company is exposed to the risk of changes in share prices due
to investments valued at fair value through the result that are quoted based on the market price at B3.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">Sensitivity analysis for stock price risks</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">We present below the sensitivity analysis for share price risks.
The Company considered scenarios 1 and 2 to be 25% and 50% devaluation in the share price using the closing price on September 30, 2021
as a reference. The probable scenario considered a 5% devaluation in the share price.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The effects on the result, considering the probable scenarios, 1
and 2 are shown below:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: left; background-color: white; width: 33%">Class of shares</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; background-color: white; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; background-color: white; width: 20%">Probable scenario</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; background-color: white; width: 20%">Scenario 1</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; width: 2%">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; background-color: white; width: 21%">Scenario 2</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">5%</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">25%</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">50%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;USIM3&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(83,804)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(419,020)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(838,040)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;USIM5&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(44,446)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(222,232)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(444,464)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;PATI3&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(10,280)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(51,402)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(102,804)</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT></TD><TD STYLE="text-align: justify">Interest rate risk:</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">This risk arises from financial investments, borrowings and financing
and debentures linked to the fixed and floating interest rates of the CDI, TJLP and Libor, exposing these financial assets and liabilities
to interest rate fluctuations as shown in the sensitivity analysis table below.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">Sensitivity analysis of changes in interest rates</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">We present below the sensitivity analysis for interest rate risks.
The Company considered scenarios 1 and 2 to be 25% and 50% deterioration for interest rate volatility using the closing rate as of September
30, 2021 as a reference.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The interest rates used in the sensitivity analysis and their respective
scenarios are shown below:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 19%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 5%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 33%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 22%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 2%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 17%">09/30/2021</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif">Interest</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Interest rate</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif">Scenario 1</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif">Scenario 2</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">CDI</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6.15%</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">7.69%</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">9.23%</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">TJLP</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4.88%</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6.10%</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">7.32%</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">LIBOR</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">0.16%</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">0.20%</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">0.24%</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The effects on the result, considering scenarios 1 and 2 are shown
below:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; width: 21%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; width: 6%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; width: 14%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; width: 14%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; width: 13%">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; width: 13%">Consolidated</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Impact on profit or loss</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">Changes in interest rates</TD>
    <TD STYLE="font-family: Calibri, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">% p.a</TD>
    <TD STYLE="font-family: Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Assets</TD>
    <TD STYLE="font-family: Calibri, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Liabilities</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">Probable scenario (*)<BR></TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Scenario 1</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Scenario 2</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">CDI</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;6.15</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">2,166,555</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(4,958,072)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(2,963,196)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(3,006,115)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(3,049,035)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">TJLP</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;4.88</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(815,237)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(855,020)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(864,966)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(857,010)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Libor</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;0.16</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(4,913,736)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(4,921,525)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(4,923,472)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(4,921,914)</TD></TR>
  </TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">(*) The sensitivity analysis is based on the premise of maintaining
the market values as of September 30, 2021 as a probable scenario recorded in the company&#8217;s assets and liabilities.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 21.3pt"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT></TD><TD STYLE="text-align: justify">Market price risk:</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company is also exposed to market risks related to the volatility
of commodity and input prices. In line with its risk management policy, risk mitigation strategies involving commodities can be used to
reduce cash flow volatility. These mitigation strategies may incorporate derivative instruments, predominantly forward transactions, futures
and options.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">Sensitivity analysis for price risks &#8220;<I>Platts index&#8221;</I></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The cash flow hedge accounting - &quot;Platts&quot; index was settled
on October 2, 2021 in the amount of R$71,936 and no change occurred.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">15.b)</TD><TD STYLE="text-align: justify">Instruments protection: Derivatives and <I>Hedge accounting</I> cash flow and <I>net </I>investment hedge
in foreign subsidiaries</TD></TR></TABLE>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0"><FONT STYLE="font-family: Symbol">&middot; </FONT> <FONT STYLE="font-family: Arial,sans-serif"><B>Derivative
financial instruments portfolio position</B></FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0"><I>Swap</I> exchange rate Dollar x Euro</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The subsidiary Lusosider has derivative transactions to hedge its
dollar exposure against the euro.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0"><I>Swap</I> exchange rate CDI x Dollar</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company has derivative transactions with Banco Bradesco to protect
its debt in NCE raised in September 2019 with maturity in October 2023 in the amount of US$67 million (equivalent to R $ 278 million)
at a cost compatible with that usually practiced by the Company.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Additionally, in 2021, the Company sold US$100 million in NDF (Non-Deliverable
Forward) with maturity in September 2021.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0"><I>Swap</I> exchange rate CDI <I>x IPCA</I></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The subsidiary CSN Minera&ccedil;&atilde;o has a derivative operation
to protect its exposure to the IPCA.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; width: 28%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 16%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; width: 9%">Consolidated</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Appreciation (R$)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Fair value (market)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Impact on financial income (expenses) in 2021 (note 28)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Counterparties</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Maturity</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Functional Currency</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Notional amount</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Asset position</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Liability position</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Amounts receivable / (payable)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif">Exchange rate swap Dollar x Real</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">Settled</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">Dollar</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">37,322</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: left">Total dollar x real swap (NDF)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">37,322</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Exchange rate swap Dollar x Euro&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">09/15/2021 a 11/26/2021</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">Dollar</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">71,750</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">356,384</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(351,719)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,665</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">14,303</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Exchange rate swap Dollar x Euro&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">Settled</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">Dollar</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5,335</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: left">Total dollar-to-euro swap</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">71,750</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">356,384</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(351,719)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">4,665</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">19,638</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; text-align: left">Exchange rate swap CDI x Dollar&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">02/10/2023</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">Dollar</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(67,000)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">291,861</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(390,873)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(99,012)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(7,151)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: left">Total Swap CDI x dollar</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(67,000)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">291,861</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(390,873)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(99,012)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(7,151)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: red; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; text-align: left">Interest rate (Debentures) CDI x IPCA</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">07/15/2036</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">Real</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">523,552</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">604,476</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(622,722)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(18,246)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(17,035)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; text-align: left">Interest rate (Debentures) CDI x IPCA</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">07/15/2031</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">Real</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">476,448</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">458,381</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(472,550)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(14,169)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(15,380)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total interest rate (Debentures) CDI x IPCA</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,000,000</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,062,857</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(1,095,272)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(32,415)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(32,415)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: red; font-style: italic; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD COLSPAN="5" STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;3,422,204</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(3,675,728)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(253,524)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">17,394</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-style: normal; font-weight: normal">&middot;</FONT></TD><TD STYLE="text-align: justify">Cash flow hedge accounting</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify"><B><I>&nbsp;</I></B></P>

<P STYLE="font: italic bold 9pt Arial,sans-serif; margin: 0; text-align: justify">Foreign exchange hedge accounting</P>

<P STYLE="font: italic bold 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company formally designates cash flow hedge relationships for
the protection of highly probable future cash flows exposed to the dollar related to sales made in dollars.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">In order to better reflect the accounting effects of the currency
hedge strategy in the results, CSN has designated part of its dollar liabilities as a hedging instrument of its future exports. With this,
the exchange variation arising from the designated liabilities will be temporarily recorded in the net equity and will be taken to the
result when these exports occur, thus allowing the recognition of the dollar fluctuations on the liabilities and on the exports to be
recorded at the same moment. It is noteworthy that the adoption of this hedge accounting does not imply the contracting of any financial
instrument.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The table below presents a summary of the relations of <I>foreign
exchange hedge accounting</I> as of September 30, 2021:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>


<!-- Field: Page; Sequence: 50 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->48<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 11pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="white-space: nowrap; width: 6%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 11%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 23%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 8%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 8%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 6%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 7%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 7%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; width: 7%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 1%">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; width: 8%; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>09/30/2021</B></FONT></TD></TR>
  <TR>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Designation Date</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: center; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Hedging Instrument</B></FONT></TD>
    <TD STYLE="border-top: Black 1pt solid; text-align: center; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Hedged item</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Type of hedged risk</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Hedged period</B></FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Exchange rate on designation</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Designated amounts (US$&rsquo;000)</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Amortizated part (USD'000)</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Effect on Result (*) (R$'000)</B></FONT></TD>
    <TD STYLE="text-align: center; white-space: nowrap; vertical-align: bottom; border-top: Black 1pt solid; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Impact on Shareholders' equity (R$'000)</B></FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">07/21/2015</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Export prepayments in US$ to third parties</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Part of the highly probable future monthly iron ore exports</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Foreign exchange - R$ vs. US$ spot rate</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;July 2019 - March 2021 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;3.1813 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;60,000 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(60,000)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(33,016)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="white-space: nowrap; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">07/23/2015</FONT></TD>
    <TD STYLE="white-space: nowrap; text-align: center; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Export prepayments in US$ to third parties</FONT></TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Part of the highly probable future monthly iron ore exports</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Foreign exchange - R$ vs. US$ spot rate</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;July 2019 - March 2021 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;3.2850 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">100,000 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(100,000)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(52,436)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">07/23/2015</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Export prepayments in US$ to third parties</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Part of the highly probable future monthly iron ore exports</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Foreign exchange - R$ vs. US$ spot rate</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;August 2018 - October 2022 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;3.2850 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;30,000 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(24,000)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(24,983)</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="white-space: nowrap; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">07/24/2015</FONT></TD>
    <TD STYLE="white-space: nowrap; text-align: center; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Export prepayments in US$ to third parties</FONT></TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Part of the highly probable future monthly iron ore exports</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Foreign exchange - R$ vs. US$ spot rate</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;August 2018 - October 2022 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;3.3254 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">100,000 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(100,000)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(78,764)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">07/27/2015</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Export prepayments in US$ to third parties</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Part of the highly probable future monthly iron ore exports</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Foreign exchange - R$ vs. US$ spot rate</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;August 2018 - October 2022 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;3.3557 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;25,000 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(24,150)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(19,511)</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="white-space: nowrap; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">07/27/2015</FONT></TD>
    <TD STYLE="white-space: nowrap; text-align: center; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Export prepayments in US$ to third parties</FONT></TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Part of the highly probable future monthly iron ore exports</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Foreign exchange - R$ vs. US$ spot rate</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;August 2018 - October 2022 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;3.3557 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;70,000 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(56,000)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(56,315)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">07/27/2015</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Export prepayments in US$ to third parties</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Part of the highly probable future monthly iron ore exports</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Foreign exchange - R$ vs. US$ spot rate</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;August 2018 - October 2022 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;3.3557 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;30,000 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(24,000)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(24,135)</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="white-space: nowrap; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">07/28/2015</FONT></TD>
    <TD STYLE="white-space: nowrap; text-align: center; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Export prepayments in US$ to third parties</FONT></TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Part of the highly probable future monthly iron ore exports</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Foreign exchange - R$ vs. US$ spot rate</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;August 2018 - October 2022 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;3.3815 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;30,000 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(24,000)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(23,825)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">3/8/2015</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Export prepayments in US$ to third parties</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Part of the highly probable future monthly iron ore exports</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Foreign exchange - R$ vs. US$ spot rate</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;July 2018 - October 2022 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;3.3940 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">355,000 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(343,000)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(108,874)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(47,351)</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="white-space: nowrap; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">2/4/2018</FONT></TD>
    <TD STYLE="white-space: nowrap; text-align: center; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Bonds</FONT></TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Part of the highly probable future monthly iron ore exports</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Foreign exchange - R$ vs. US$ spot rate</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;July 2018 - February 2023 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;3.3104 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;1,170,045 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(820,045)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(745,150)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">07/31/2019</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Bonds and Export prepayments in US$ to third parties</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Part of the highly probable future monthly iron ore exports</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Foreign exchange - R$ vs. US$ spot rate</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;January 2020 - April 2026 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;3.7649 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;1,342,761 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(261,261)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(21,781)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(1,796,130)</FONT></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="white-space: nowrap; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">10/1/2020</FONT></TD>
    <TD STYLE="white-space: nowrap; text-align: center; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Bonds with no maturity date and Export prepayments in US$ to third parties</FONT></TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Part of the highly probable future monthly iron ore exports</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Foreign exchange - R$ vs. US$ spot rate</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;March 2020 - December 2050 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;4.0745 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;1,416,000 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(187,000)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">(101,365)</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(1,542,004)</FONT></TD></TR>
  <TR>
    <TD STYLE="white-space: nowrap; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">01/28/2020</FONT></TD>
    <TD STYLE="white-space: nowrap">&nbsp;</TD>
    <TD STYLE="font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Bonds</FONT></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Part of the highly probable future monthly iron ore exports</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">Foreign exchange - R$ vs. US$ spot rate</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;March 2017 - January 2028 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;4.2064 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;1,000,000 </FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;</FONT></TD>
    <TD STYLE="white-space: nowrap; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; text-align: right; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt">&nbsp;(1,233,000)</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; text-align: center; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>Total</B></FONT></TD>
    <TD STYLE="white-space: nowrap; text-align: center; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="border-top: Black 1pt solid; white-space: nowrap; border-bottom: Black 2.25pt double; text-align: right; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="white-space: nowrap; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>&nbsp;5,728,806 </B></FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>&nbsp;(2,023,456)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>(317,472)</B></FONT></TD>
    <TD STYLE="white-space: nowrap; font-family: Calibri,sans-serif">&nbsp;</TD>
    <TD STYLE="text-align: right; white-space: nowrap; border-top: Black 1pt solid; border-bottom: Black 2.25pt double; font-family: Calibri,sans-serif"><FONT STYLE="font-family: Arial,sans-serif; font-size: 7pt"><B>&nbsp;(5,591,168)</B></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 11pt Calibri,sans-serif; margin: 0 0 8pt">&nbsp;</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">(*) On September 30, 2021, the amount of (R$317,472) was recorded
in Other Operating Expenses. As of September 30, 2020, (R$1,481,672).</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">In the hedging relationships described above, the amounts of the
debt instruments were fully designated for equivalent iron ore export portions.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The changes in the hedge accounting amounts recognized in shareholders&#8217;
equity as of September 30, 2021 are as follows:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; width: 44%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 14%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 13%">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Movement</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Realization</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Cash flow hedge accounting</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5,125,058</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">783,582</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(317,472)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5,591,168</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The realization of <I>Hedge accounting</I> cash flow is recognized
in Other operating income and expenses, note 27.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">As of September 30, 2021, the hedging relationships established
by the Company were effective according to the retrospective and prospective tests performed. Thus, no reversal for hedge accounting ineffectiveness
was recognized.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: italic bold 9pt Arial,sans-serif; margin: 0">Cash flow hedge accounting - &#8220;Platts&#8221; index</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0">The Company has iron ore derivative instruments, entered into by its subsidiary CSN Minera&ccedil;&atilde;o
S.A., in order to reduce the volatility of its exposure to the commodity, the operations were settled on October 02, 2021</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company formally designated the hedge relationship and, consequently,
applied the hedge accounting with the derivative instrument designated as hedging instrument and the Platts index applicable to a portion
of its highly probable future sales of iron ore was designated as the hedged item. Accordingly, fluctuations of the &#8220;<I>Platts</I>&#8221;
index will be initially recorded in the shareholders&#8217; equity as Other Comprehensive Income and will be reclassified to the income
statement when the referred sales occur.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 51 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The table below shows the result of the derivative instrument on
September 30, 2021:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; width: 18%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 10%">09/30/2021</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 10%">09/30/2021</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 10%">09/30/2020</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 8%">09/30/2021</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 8%">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Appreciation (R$)&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Fair value (market)&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Other income and expenses (note 27)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center">Exchange variation</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Maturity&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Notional&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Asset position&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Liability position&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Amounts receivable / (payable)&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">09/02/2020 (Settled)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;Platts&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(31,678)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(136)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">10/02/2020 (Settled)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;Platts&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(132,997)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(8,966)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">11/04/2020 (Settled)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;Platts&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(6,907)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">12/02/2020 (Settled)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;Platts&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,501)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">02/02/2021 (Settled)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;Platts&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(36,405)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(2,690)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">03/02/2021 (Settled)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;Platts&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(34,116)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(2,870)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">04/02/2021 (Settled)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;Platts&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">11,961</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;59</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">05/04/2021 (Settled)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;Platts&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(30,226)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,133</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">05/12/2021 (Settled)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;Platts&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(37,594)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,308</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">06/02/2021 (Settled)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;Platts&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(134,768)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;10,880</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">07/02/2021 (Settled)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;Platts&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(76,330)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;5,638</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">08/02/2021 (Settled)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;Platts&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">7,088</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(305)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">09/02/2021 (Settled)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;Platts&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">233,546</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(182)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">2/10/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;Platts&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;162,915</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(90,979)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;71,936</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">69,116</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,819</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;162,915</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(90,979)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;71,936</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(27,728)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(164,675)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;16,790</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(17,510)</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The change in the amounts related to cash flow hedge accounting
- &#8220;Platts&#8221; index recorded in shareholders&#8217; equity on September 30, 2021 is shown as follows:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 54%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 10%">Movement</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 10%">Realization</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 14%">09/30/2021</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Cash flow hedge accounting&ndash;&ldquo;Platts&rdquo;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;825</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;26,903</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(27,728)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;Income tax and social contribution on cash flow hedge accounting</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(280)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(9,148)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;9,428</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Fair Value of cash flow accounting - Platts, net</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;545</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;17,755</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(18,300)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Cash flow hedge accounting - index <I>&#8220;Platts&#8221;</I> has
been fully effective since the inception of the derivative instruments.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company prepares formal documentation indicating how the designation
of the <I>hedge accounting</I> cash flow - &#8220;Platts&#8221; index is aligned with CSN&#8217;s risk management objective and strategy,
identifying the hedging instruments used, the hedged item, the nature of the risk to be hedged and demonstrating the effectiveness of
the hedge relationships, debt instruments and iron ore derivative instruments (index <I>&#8220;Platts&#8221;</I>) in amounts equivalent
to the portion of future sales, comparing the designated amounts with the expected values in accordance with its budgets.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: italic bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-style: normal; font-weight: normal">&middot;</FONT></TD><TD STYLE="text-align: justify">Net investment hedge in foreign subsidiaries</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The information related to the net investment hedge did not change
in relation to that disclosed in the Company's accounts as of December 31, 2020. The balance recorded on September 30, 2021 and December
31, 2020 is R$6,293.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT></TD><TD STYLE="text-align: justify">Classification of derivatives in the balance sheet and income</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify"><B>&nbsp;</B></P>


<!-- Field: Page; Sequence: 52 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->50<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 26%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 8%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 7%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 8%">09/30/2021</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 8%">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Instruments</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Assets</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="5" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Liabilities</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Other operating income expenses</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="3" ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Financial income (expenses), net (note 28)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Non-current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; text-align: left">Exchange rate swap Dollar x Real</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;37,322</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; text-align: left">Exchange rate swap Dollar x Euro&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,665</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,665</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;19,638</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,316)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; text-align: left">Exchange rate swap GBP x Euro&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(602)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; text-align: left">Exchange rate swap CDI x Dollar&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(99,012)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(99,012)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(7,151)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(133,659)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; text-align: left">Iron ore derivative</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">71,936</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;71,936</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(27,728)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;16,790</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(17,510)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; text-align: left">Interest rate swap CDI x IPCA</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(32,415)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(32,415)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(32,415)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">76,601</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;76,601</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(32,415)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(99,012)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(131,427)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(27,728)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;34,184</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(153,087)</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">15.c)</TD><TD STYLE="text-align: justify">Liquidity risk</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">It is the risk that the Company may not have sufficient net funds
to settle its financial commitments, as a result of the mismatch of term or volume between expected receipts and payments.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Future receipt and payment premises are established to manage cash
liquidity in domestic and foreign currencies, which are monitored on a day-to-day basis by the Treasury Department. The payment schedules
for long-term installments of borrowings and financing and debentures are presented in note 14.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The following are the contractual maturities of financial liabilities
including interest.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 41%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; width: 11%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; width: 11%">Consolidated</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">At September 30, 2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Less than one year</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">From one to two years</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">From two to five years</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">Over five years</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid">Borrowings, financing and debentures (note 14)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,985,836</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;5,366,275</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6,103,827</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;14,478,576</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;29,934,514</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Lease Liabilities (note 17)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">105,752</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">161,119</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">131,592</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">203,423</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">601,886</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Derivative financial instruments (note 15 I)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;99,012</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;99,012</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Trade payables (note 18)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6,567,758</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;77,858</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;26,542</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;6,672,158</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Trade payables - Drawee Risk (note 16)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,459,394</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;3,459,394</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Dividends and interest on equity (note 16)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,535</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;2,535</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;14,121,275</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;5,704,264</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;6,261,961</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;14,681,999</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;40,769,499</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">IV &#8211; Fair values of assets and liabilities in relation
to the book value</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Financial assets and liabilities measured at fair value through
profit or loss are recorded in current and non-current assets and liabilities and gains and losses are recorded as financial income and
expenses, respectively.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The amounts are recorded in the financial statements at their amortized
cost, which are substantially similar to those that would be obtained if they were traded on the market. The fair values of other long-term
assets and liabilities do not differ significantly from their book values, except for the amounts below.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The estimated fair value for certain consolidated long-term borrowings
and financing was calculated at current market rates, considering the nature, term and risks similar to those of the registered contracts,
as follows:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 27%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; width: 18%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 17%">09/30/2021</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; width: 18%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 17%">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Closing Balance</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Fair value</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Closing Balance</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Fair value</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Perpetual bonds (1)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;5,203,773</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5,157,465</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Fixed Rate Notes</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;15,218,567</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;15,589,035</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;15,067,341</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;15,744,067</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">(1)</TD><TD STYLE="text-align: justify">The Perpetual Bond was settled on September 23, 2021</TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">15.d)</TD><TD STYLE="text-align: justify">Credit risk</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The exposure to credit risks of financial institutions complies
with the parameters established in the financial policy. The Company practices a detailed analysis of the financial position of its customers
and suppliers, the determination of a credit limit and the permanent monitoring of its outstanding balance.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">With respect to financial investments, the Company only invests
in institutions with low credit risk assessed by credit rating agencies. Since part of the funds is invested in repo operations that are
backed by Brazilian government bonds, there is also exposure to the credit risk of the country.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">As for the exposure to credit risk in accounts receivable and other
receivables, the Company has a credit risk committee, in which each new customer is analyzed individually regarding their financial condition,
before granting the credit limit and payment terms, and periodically reviewed based on procedures and circumstances of each business area.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">15.e)</TD><TD STYLE="text-align: justify">Capital management</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company seeks to optimize its capital structure in order to
reduce its financial costs and maximize the return to its shareholders. The table below shows the evolution of the Company&#8217;s consolidated
capital structure, with financing by equity and third-party capital:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 62%">Thousands of reais</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 18%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 18%">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Shareholder's equity (equity)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;23,302,095</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;11,251,505</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Borrowings and Financing (Third-party capital)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;29,682,894</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;35,270,653</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Gross Debit/Shareholder's equity</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1.27</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3.13</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">16.</TD><TD STYLE="text-align: justify">OTHER PAYABLES</TD></TR></TABLE>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The other obligations classified in current and non-current liabilities
have the following composition:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: right; font-family: Arial, sans-serif"><B>Consolidated</B></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: right; font-family: Arial, sans-serif"><B>Parent Company</B></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Current</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Non-current</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Current</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Non-current</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; width: 33%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 7%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 7%">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 8%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 8%">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 7%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 7%">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 8%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 8%">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Payables to related parties (note 22 a)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">37,524</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">70,458</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">64,377</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">78,083</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">268,218</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">250,330</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">148,625</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">222,834</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Derivative financial instruments (note 15 I)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">8,722</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">99,012</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">97,535</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">99,012</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">97,535</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Dividends and interest on capital (note 15 I)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,535</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">946,133</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,534</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">901,983</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Advances from customers (1)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,838,239</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,100,772</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,125,572</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,725,838</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">137,880</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">196,595</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Taxes in installments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">53,077</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">45,331</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">158,503</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">160,247</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6,706</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">9,806</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,320</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Profit sharing - employees</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">205,918</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">150,341</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">126,989</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">109,482</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Taxes payable</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10,108</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">38,493</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">8,145</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">32,289</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Provision for consumption and services</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">198,549</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">175,242</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">102,562</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">97,221</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Third party materials in our possession</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">648,628</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">84,832</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">632,634</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">55,334</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Trade payables - Drawee Risk (note 16)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,459,394</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">623,861</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,459,394</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">623,861</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Trade payables (note 18)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">104,400</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">543,527</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">54,702</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">376,753</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Lease Liabilities (note 17)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;105,752</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;93,626</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">496,134</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">436,505</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">7,300</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">26,546</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">11,686</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">40,561</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Other payables</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;74,540</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;58,321</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">62,044</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">65,108</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;8,743</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;31,030</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">7,624,156</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,357,639</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,120,150</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,145,336</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;4,752,960</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;2,302,188</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">322,170</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">771,292</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 35.85pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 8pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-size: 7pt">1.</FONT></TD><TD STYLE="text-align: justify">Advances from customers: During 2019, the Company received in advance, through its subsidiary CSN Minera&ccedil;&atilde;o,
the total amount of US$746 million (R$2,907 million) related to supply contracts for approximately 33 million tons of iron ore signed
with an important international player, the term for the execution of the contracted volumes is 5 years. On July 16, 2020, the Company
concluded the contract for the additional supply of approximately 4 million tons of iron ore, and the amount received in advance, on August
28, 2020, was US$ 115 million (R$629 million). The term for the execution of the contract is 3 years.</TD></TR></TABLE>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">Price adjustment overpayments made as a result of the
provisional price charged when invoices were issued, subject to adjustments based on the Platts index for the period determined in the
sales contract. With the recent fall of the Platts index, the subsidiary CSN Minera&ccedil;&atilde;o recognized on September 30, 2021,
the amount of R$1.8 billion in advance payments from customers.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify"><B>&nbsp;</B></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">17.</TD><TD STYLE="text-align: justify">LEASE LIABILITIES</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">Lease liabilities are shown below:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; width: 33%">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; width: 16%">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 16%">Consolidated</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; width: 16%">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 16%">Parent Company</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Leases</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,793,793</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,623,523</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">21,492</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">76,333</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Present value adjustment - Leases</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,191,907)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,093,392)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2,506)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(9,226)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;601,886</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;530,131</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">18,986</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">67,107</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Classified:</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;105,752</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">93,626</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">7,300</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">26,546</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Non-current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;496,134</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;436,505</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">11,686</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">40,561</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;601,886</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;530,131</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">18,986</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">67,107</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">The Company has lease agreements for port
terminals in Itagua&iacute;, the Solid Bulk Terminal - TECAR, used for loading and unloading coal and iron ores and the Container Terminal
- TECON, with remaining terms of 27 and 31 years, respectively , and lease agreement for railway operation using the Northeast network
with a remaining term of 7 years.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">Additionally, the Company has property
lease agreements, used as operational facilities and administrative and sales offices, in several locations where the Company operates,
with remaining terms of 2, 5 and 15 years.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">CSN also has lease contracts for operating
equipment, used in mining operations and in the steel industry, with terms of 2 to 5 years.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">The present value of future obligations
was measured using the implicit rate observed in the contracts and for contracts that did not have a rate, the Company applied the incremental
rate of loans - IBR, both in nominal terms.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">The movement of lease liabilities is shown
in the table below:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; width: 39%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 16%">Consolidated</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 13%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 16%">Parent Company</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Opening balance</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">530,131</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">474,390</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;67,107</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;45,940</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">New leases</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;45,076</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;52,835</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">578</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;29,714</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Present Value Adjustments - New leases</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(3,684)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(6,511)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(7)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(3,822)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Contract review</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">105,636</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;63,250</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,331)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;21,503</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Write-off</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(38,626)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(7,757)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(17,073)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(4,465)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Payments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(81,696)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(103,648)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(7,485)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(25,732)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Interest appropriated</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;45,172</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;54,236</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,627</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,969</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Drop down of Cements (note 11.c)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(24,430)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Exchange variation</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(123)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,336</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double">Net balance</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">601,886</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">530,131</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;18,986</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;67,107</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">The estimated future minimum payments for
the lease agreements include determinable variable payments, which are certain to occur, based on minimum performance and contractually
fixed rates.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">As of September 30, 2021, the expected
minimum payments are the following:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 33%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 16%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 16%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 16%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; width: 16%">Consolidated</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Less than one year&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Between one and five years&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Over five years&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Total&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;Leases&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">110,970</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">414,965</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,267,858</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,793,793</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;Present value adjustment - Leases&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(5,218)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(122,254)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,064,435)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,191,907)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">105,752</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">292,711</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">203,423</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">601,886</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>


<!-- Field: Page; Sequence: 55 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->53<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.85pt"></TD><TD STYLE="width: 22.65pt"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT></TD><TD>Recoverable PIS / COFINS</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">Lease liabilities were measured at the
amount of consideration with suppliers, that is, without considering the tax credits incurred after payment. The potential right of PIS
and COFINS embedded in the lease liability is shown below.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; vertical-align: middle; width: 45%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 14%">Consolidated</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; width: 14%">Parent Company</TD></TR>
  <TR>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">12/31/2020</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Leases</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,779,928</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,603,100</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;20,108</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;70,647</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Present value adjustment - Leases</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(1,190,903)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(1,091,275)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(2,346)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(8,136)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Potencial PIS and COFINS credit</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">164,643</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">148,287</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,860</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;6,535</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Present value adjustment &ndash; Potential PIS and COFINS credit</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(110,159)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(100,943)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(217)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(753)</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0; background-color: white"><TR STYLE="vertical-align: top">
<TD STYLE="width: 2.85pt"></TD><TD STYLE="width: 22.65pt"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT></TD><TD>Lease payments not recognized as a liability:</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; background-color: white">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">The Company chose not to recognize lease
liabilities in contracts with a term of less than 12 months and for low value assets. Payments made for these contracts are recognized
as expenses when incurred.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">The Company has contracts for the right
to use ports (TECAR) and railways (FTL) which, even if they establish minimum performance, it is not possible to determine its cash flow
since these payments are fully variable and will only be known when they occur. In such cases, payments will be recognized as expenses
when incurred.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">The expenses related to payments not included
in the measurement of the lease liability are:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; background-color: white">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">Consolidated</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Nine months ended</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Three months ended</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 33%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; width: 16%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; width: 16%">09/30/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; width: 16%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; width: 16%">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;Contract less than 12 months&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;64</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;549</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;64</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;Lower Assets value&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,636</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6,954</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,091</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,814</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;Variable lease payments&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;403,699</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;181,643</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;113,410</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;62,867</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">&nbsp;406,399</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">&nbsp;189,146</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;114,565</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;66,681</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">Parent Company</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Nine months ended</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Three months ended</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">09/30/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;Lower Assets value&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;211</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,197</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;86</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,013</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;Variable lease payments&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">7,372</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">13,468</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,822</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,885</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">7,583</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">16,665</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,908</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;6,898</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">In accordance with the guidelines of CPC 06 (R2) / IFRS 16, the
Company uses the discounted cash flow technique to measure and remeasurate liabilities and use rights, without considering the projected
inflation in the flows to be discounted.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Considering Circular Letter / CVM / SNC / SEP No. 02/2019, the Company
discloses below the comparative balances of lease liabilities, right to use, financial expenses and depreciation expenses with the use
of rates in real terms to discount a present value of flows also in real terms.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 56 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->54<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">18.</TD><TD STYLE="text-align: justify">TRADE PAYABLES</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; width: 29%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 17%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 17%">Consolidated</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 17%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 17%">Parent Company</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Trade payables</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6,756,140</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;5,487,640</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,437,479</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,588,207</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">(-) Adjustment present value</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(83,982)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(124,574)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(61,014)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(78,365)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;6,672,158</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;5,363,066</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;4,376,465</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;4,509,842</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Classified:</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6,567,758</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,819,539</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,321,763</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,133,089</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Non-current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">104,400</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">543,527</TD>
    <TD STYLE="font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">54,702</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">376,753</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;6,672,158</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;5,363,066</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;4,376,465</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;4,509,842</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company classifies the drawee risk and forfaiting transactions
with suppliers as other liabilities (see Note 16).These transactions are negotiated with financial institutions by which the suppliers
anticipate the receipt for their sale of goods to us, and, consequently, the postponement the payment of the Company's own obligations.
The transactions are not mandatory and are dependent upon the acceptance by the suppliers. The Company is not reimbursed and/or benefitted
by the financial institutions with discounts for payments realized before maturity dates agreed with the suppliers. Also, in the case
of judicial execution, there is no change in the degree of subordination of the invoices nor changes in the commercial conditions agreed
between the Company and the suppliers.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">19.</TD><TD STYLE="text-align: justify">INCOME TAX AND SOCIAL CONTRIBUTION</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">19.a)</TD><TD STYLE="text-align: justify">Tax of income and social contribution recognized in profit or loss:</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The income tax and social contribution recognized in net income
for the year are as follows:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; width: 33%">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; width: 16%">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 16%">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; width: 16%">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 16%">Consolidated</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Nine months ended</TD>
    <TD STYLE="font: 10pt Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Three months ended</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">09/30/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif">Income tax and social contribution income (expense)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; background-color: white">Current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;(3,659,481)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;(1,417,701)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">(704,738)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">(704,739)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Deferred</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(286,915)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">77,474</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(706,547)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(37,058)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(3,946,396)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(1,340,227)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(1,411,285)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(741,797)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #333333; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: #333333; font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">Parent Company</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Nine months ended</TD>
    <TD STYLE="font: 10pt Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Three months ended</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD COLSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif">Income tax and social contribution income (expense)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Current</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(427,045)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(121,751)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(183,678)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(5,551)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Deferred</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(469,233)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(597)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(815,045)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;706</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(896,278)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(122,348)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(998,723)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(4,845)</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The reconciliation of income and social contribution expenses and
income of the consolidated and parent company and the product of the current tax rate on income before income tax and social contribution
are shown below:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 57 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->55<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; width: 49%">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; width: 12%">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 12%">Consolidated</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Nine months ended</TD>
    <TD STYLE="font: 10pt Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Three months ended</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Profit/(Loss) before income tax and social contribution</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">16,481,021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">1,736,013</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">2,735,937</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">2,003,392</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Tax rate</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">34%</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">34%</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">34%</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">34%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Income tax and social contribution at combined statutory rate</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;(5,603,547)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(590,244)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(930,219)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(681,153)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Adjustment to reflect the effective rate:</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Equity in results of affiliated companies</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">58,606</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">6,129</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">33,294</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">9,829</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Difference Tax Rate in companies abroad</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(333,105)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(542,258)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(218,593)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(112,468)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Tax loss carryforwards without recognizing deferred taxes</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(24,175)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(28,613)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(25,796)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(6,547)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Indebtdness limit</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(5,623)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(22,392)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(9,846)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Unrecorded deferred taxes on temporary differences</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">28,380</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,771</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">23,992</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,842</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Reversal for deferred income tax and social contribution credit</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,603,085</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(212,310)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(611,636)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">71,142</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Tax incentives</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">68,761</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6,129</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">38,741</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;197</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Interest on equity</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">76,038</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Other permanent exclusions (additions) (i)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;261,222</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(36,477)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;278,932</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(16,793)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Income tax and social contribution in net income for the period</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(3,946,396)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(1,340,227)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(1,411,285)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(741,797)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Effective tax rate</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">24%</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">77%</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">52%</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">37%</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">Parent Company</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Nine months ended</TD>
    <TD STYLE="font: 10pt Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Three months ended</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Profit/(Loss) before income tax and social contribution</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">12,251,601</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;187,461</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">2,148,260</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">1,085,631</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Tax rate</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">34%</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">34%</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">34%</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">34%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Income tax and social contribution at combined statutory rate</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;(4,165,544)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;(63,737)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(730,408)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(369,115)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Adjustment to reflect the effective rate:</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Equity in results of affiliated companies</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">1,391,988</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;201,435</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">44,990</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;316,343</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Indebtdness limit</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(5,623)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(22,392)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(9,846)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Reversal for deferred income tax and social contribution credit</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,603,085</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(212,310)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(611,636)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">71,142</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Interest on equity</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,145)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,145)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Tax incentives</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">29,702</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">23,927</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Other permanent exclusions (additions) (i)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;250,114</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(24,199)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;274,404</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(12,224)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Income tax and social contribution in net income for the period</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(896,278)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(122,348)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(998,723)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(4,845)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Effective tax rate</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">7%</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">65%</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">46%</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">0.4%</TD></TR>
  </TABLE>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0; text-align: justify">(i) In September 2021 the Company recognized a credit for the unconstitutionality
of the incidence of IRPJ and CSLL on amounts referring to the SELIC rate received due to the repetition of undue tax payment (see note
9).</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">19.b)</TD><TD STYLE="text-align: justify">Deferred income tax and social contribution</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Deferred income tax and social contribution balances are as follows:</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 58 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->56<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; width: 46%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 10%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 9%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 7%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 11%">Consolidated</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Opening balance</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="6" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Movement</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Closing balance</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Shareholders'<BR>
Equity</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">P&amp;L</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Others</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Deferred</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left; background-color: white">Income tax losses</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;1,848,999</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(240,497)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,608,502</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Social contribution tax losses</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">688,208</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(76,555)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;611,653</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Temporary differences</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">718,903</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">491,781</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;30,137</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;(4,019)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">1,236,802</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- Provision for tax. social security, labor, civil and environmental risks</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">279,149</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(15,972)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;263,177</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- Asset impairment losses</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">161,016</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;97,067</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;258,083</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- (Gains)/losses on financial instruments</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5,027</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(7,845)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2,818)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- Actuarial liability (pension and healthcare plan)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">262,457</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,360</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;263,817</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- Accrued supplies and services</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">154,452</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(368)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;154,084</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- Unrealized exchange variation (1)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,152,326</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,232,731)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(80,405)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- Gain upon loss of control in Transnordestina</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(92,180)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(92,180)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- Cash flow hedge accounting</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,742,800</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">158,477</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,901,277</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- Acquisition at fair value of SWT and CBL</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(212,015)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;7,929</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;19,443</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(184,643)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- Deferred taxes not computed</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(317,927)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;20,451</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(297,476)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- (Losses) estimated /reversals to deferred taxes credits</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,347,468)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">322,456</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,033,565</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">8,553</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- Business Combination</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,015,049)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(43,038)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,058,087)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- Others</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(53,685)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;2,919</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;158,205</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(4,019)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;103,420</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;3,256,110</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">491,781</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">(286,915)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(4,019)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right; border-top-color: Black; border-top-width: 0.5pt">3,456,957</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Total Deferred Assets</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,874,946</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,019,286</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Total Deferred Liabilities</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(618,836)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(562,329)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total Deferred</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;3,256,110</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,456,957</TD></TR>
  </TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; width: 52%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 12%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 8%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 12%">Parent Company</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Opening balance</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: center">Movement</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Closing balance</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Shareholders'<BR>
Equity</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">P&amp;L</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Deferred tax assets</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Income tax losses</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,680,700</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(193,493)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,487,207</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Social contribution tax losses</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">627,382</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(69,112)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">558,270</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Temporary differences</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;1,491,625</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;480,933</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;(206,628)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;1,765,930</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- Provision for tax. social security, labor, civil and environmental risks</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">202,467</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(9,553)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">192,914</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- Asset impairment losses</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">100,005</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(5,717)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;94,288</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- (Gains)/losses on financial instruments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;5,026</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(7,845)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(2,819)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- Actuarial liability (pension and healthcare plan)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">264,192</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">264,192</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- Accrued supplies and services</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">132,892</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,370</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">134,262</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- Unrealized exchange variation (1)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,152,325</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,230,088)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(77,763)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- Gain) in control loss on Transnorderstina</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(92,180)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(92,180)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- Cash flow hedge accounting</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,742,520</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;158,477</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,900,997</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- (Losses) estimated /reversals to deferred taxes credits</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,356,021)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;322,456</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,033,565</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- Business Combination</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(721,992)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(721,992)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">- Others</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;62,391</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;11,640</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;74,031</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;3,799,707</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;480,933</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(469,233)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;3,811,407</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Total Deferred Assets</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,627,332</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,987,057</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Total Deferred Liabilities</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(827,625)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,175,650)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Total Deferred</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;3,799,707</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;3,811,407</TD></TR>
  </TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">(1) The Company taxes exchange variations on a cash basis to calculate
income tax and social contribution on net income.</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 36pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company has in its corporate structure subsidiaries abroad,
whose income are taxed by the income tax in the respective countries where they were constituted at rates lower than those in force in
Brazil. In the period between 2016 and 2021, these subsidiaries generated income in the amount of R$1,404,325. If the Brazilian tax authorities
understand that these profits are subject to additional taxation in Brazil for income tax and social contribution, these, if due, would
reach approximately R$453,167. The Company, based on the position of its legal advisors, assessed only the likelihood of loss as possible
in the event of possible tax questioning and, therefore, no provision was recognized in the interim financial statement.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 59 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->57<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">In addition, management evaluated the precepts of IFRIC 23 - &#8220;Uncertainty
Over Income Tax Treatments&#8221; and and recognized in the 3rd quarter of 2021 the credit for the unconstitutionality of the incidence
of IRPJ and CSLL on late payment interest amounts referring to the SELIC rate received due to the repetition of undue tax payment.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">19.c)Income</TD><TD STYLE="text-align: justify">tax and social contribution recognized in equity:</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Income tax and social contribution recognized directly in equity
are shown below:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="color: #333333; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="color: #333333; font-weight: bold; font-family: Arial, sans-serif; text-align: right">Consolidated</TD>
    <TD STYLE="color: #333333; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right; color: #333333; font-family: Arial, sans-serif"><B>Parent Company</B></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 57%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 11%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 10%">12/31/2020</TD>
    <TD STYLE="color: #333333; font-weight: bold; font-family: Arial, sans-serif; text-align: right; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 10%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Income tax and social contribution</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Actuarial gains on defined benefit pension plan</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;170,681</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">170,604</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;172,520</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">172,520</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Estimated losses for deferred income and social contribution tax credits - actuarial gains</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(172,520)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(172,520)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(172,520)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(172,520)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Exchange differences on translating foreign operations&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(325,350)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(325,350)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(325,350)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(325,350)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Cash flow hedge accounting</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,900,997</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,742,520</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,900,997</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,742,520</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Estimated losses for deferred income and social contribution tax credits - cash flow hedge</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,420,064)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,742,520)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,420,064)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,742,520)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="color: #333333; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;153,744</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(327,266)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;155,583</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(325,350)</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">20.</TD><TD STYLE="text-align: justify">PROVISIONS FOR TAX, SOCIAL SECURITY, LABOR, CIVIL, ENVIRONMENTAL RISKS AND JUDICIAL DEPOSITS</TD></TR></TABLE>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Claims of different nature are being challenged at the appropriate
courts. Details of the accrued amounts and related judicial deposits are as follows :</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">Consolidated</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="text-align: right; font-family: Arial, sans-serif"><B>Parent Company</B></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Accrued liabilities</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Judicial deposits</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Accrued liabilities</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Judicial deposits</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white; width: 20%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; background-color: white; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Tax</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">115,482</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">134,645</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">70,430</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">67,819</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">38,186</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">61,004</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">48,923</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">49,078</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Social security</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,621</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">8,170</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,621</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">7,948</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Labor</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">318,421</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">328,334</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">238,089</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">212,737</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">217,615</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">234,333</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">169,118</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">159,138</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Civil</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">135,789</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">151,776</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">18,279</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">17,683</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">103,709</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">121,989</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">12,390</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">11,840</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Environmental</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">16,914</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">12,463</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,474</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,444</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">13,452</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10,341</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">991</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">960</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Deposit of a guarantee</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">29,396</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">24,434</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">588,227</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">635,388</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">358,668</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">325,117</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">374,583</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">435,615</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">231,422</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 2pt double; text-align: right">221,016</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Classified:</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">82,285</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">81,073</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">38,931</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">34,458</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Non-current</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">505,942</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">554,315</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">358,668</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">325,117</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">335,652</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">401,157</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">231,422</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221,016</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">588,227</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">635,388</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">358,668</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">325,117</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">374,583</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">435,615</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">231,422</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">221,016</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The changes in tax, social security, labor, civil and environmental
provisions in the year ended September 30, 2021 can be summarized as follows:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; width: 14%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 11%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 19%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 16%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 12%">Consolidated</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="11" STYLE="border-top: Black 0.5pt solid; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"><B>Current
    + Non-current</B></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Nature</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Additions</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Accrued charges</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Net utilization of reversal</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Acquisition of Elizabeth</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Tax</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">134,645</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6,858</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;5,329</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(36,253)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,903</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">115,482</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Social security</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;8,170</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">16</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">77</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(6,642)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,621</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Labor</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">328,334</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;31,165</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;29,366</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(70,444)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">318,421</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Civil</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">151,776</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,038</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;16,608</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(34,633)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">135,789</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Environmental</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;12,463</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,597</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,018</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,836</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">16,914</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">635,388</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;41,674</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;52,398</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(146,136)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">4,903</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">588,227</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 60 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->58<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom; background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; width: 14%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 10%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 11%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 15%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 20%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 12%">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD COLSPAN="11" STYLE="border-top: Black 0.5pt solid; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"><B>Current
    + Non-current</B></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; background-color: white">Nature</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; background-color: white">Additions</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Accrued charges</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; background-color: white">Net utilization of reversal</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; background-color: white">Drop down of Cements (note 11.c)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Tax</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;61,004</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,954</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,274</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(27,046)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">38,186</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Social security</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;7,948</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">16</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">77</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(6,420)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,621</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Labor</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">234,333</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;22,938</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;18,573</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(46,895)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(11,334)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">217,615</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Civil</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">121,989</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,534</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;12,706</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(30,814)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,706)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">103,709</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Environmental</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;10,341</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">161</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">860</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,288</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(198)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">13,452</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">435,615</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;26,603</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;34,490</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(108,887)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(13,238)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">374,583</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The provision for tax, social security, labor, civil and environmental
risks was estimated by Management and is mainly based on the legal counsel&#8217;s assessment. Only lawsuits for which the risk is classified
as probable loss are provisioned. Additionally, tax liability from actions initiated by the Company is included in this provision and
is subject to SELIC (Central Bank&#8217;s policy rate).</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Wingdings">&sect;</FONT></TD><TD STYLE="text-align: justify"><U>Administrative and judicial proceedings</U></TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company does not make provisions for lawsuits, which Management&#8217;s
expectation, based on the opinion of legal counsel, is a possible loss. The following table shows a summary of the balance of the main
matters classified as possible risk compared to the balance at September 30, 2021 and December 31, 2020.</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 61 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->59<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Calibri, sans-serif; text-align: justify; width: 78%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 10%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 10%">Consolidated</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify">Assessment Notice and imposition of fine (AIIM) / Tax Enforcement - Income tax and social contribution - Capital gain on sale of NAMISA's shares</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;12,920,896</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;12,694,021</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify">Assessment Notice and Imposition of fine (AIIM) - Income tax and Social contribution - Disallowance of deductions of goodwill generated in the reverse incorporation of Big Jump by NAMISA.</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,209,251</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,930,093</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify">Assessment Notice and Imposition of fine (AIIM) / Tax Enforcement- Income tax and Social contribution - Disallowance of interest on prepayment arising from supply contracts of iron ore and port services</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,999,680</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,956,898</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Assessment Notice and imposition of fine (AIIM) - Income tax and social contribution due to profits from foreign subsidiaries for years 2008, 2010, 2011, 2012, 2014 and 2015</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;3,521,208</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;3,461,574</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify">Tax foreclosures - ICMS - Electricity credits</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">859,810</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">841,401</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Offset of taxes that were not approved by the Federal Revenue Service - IRPJ/CSLL, PIS/COFINS and IPI</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,649,555</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,845,379</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Disallowance of the ICMS credits - Transfer of iron ore</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">610,240</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">624,645</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify">ICMS - Refers to the transfer of imported raw material at an amount lower than the price disclosed in the import documentation</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">323,848</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">317,848</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify">Disallowance of the tax loss and negative basis of social contribution arising from the adjustments in the SAPLI</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">595,753</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">583,478</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify">Assessment Notice- IRRF- Capital Gain of CFM vendors located abroad</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">264,782</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">260,326</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify">CFEM &ndash; difference of understanding between CSN and DNPM on the calculation basis&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,071,559</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,051,661</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Assessment Notice- ICMS- questions about sales for incentive area</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,133,129</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,111,034</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Other tax lawsuits (federal, state, and municipal)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;4,035,254</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;3,886,976</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Assessment Notice and imposition of fine (AIIM) -Charge of IRRF- RFB- Business combination (year 2015) between Namisa, Congonhas Min&eacute;rios (current CSN Minera&ccedil;&atilde;o) and consortium</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">881,250</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">862,324</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Assessment Notice and imposition of fine (AIIM) - SEFAZ/RJ - ICMS on purchases of intermediate products</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">557,286</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">498,002</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Assessment Notice and imposition of fine (AIIM) - RFB -Disallowance of credits PIS/COFINS of inputs and freight</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,106,276</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,082,517</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Social security lawsuits</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">187,538</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">233,116</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Action to discuss the balance of the construction contract &ndash; Tebas</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">507,719</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">487,124</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Action related to power supply payment&rsquo;s charge - Light</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">317,883</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">288,390</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify">Indemnity action due to the supply contract termination - Indumill</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">263,703</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">237,795</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Enforcement action applied by Brazilian antitrust authorities (CADE)</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;97,882</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;95,833</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: justify">Civil Public Action - Districts / School / Nursery relocation-CdP Dam</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;14,058</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;12,207</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Other civil lawsuits</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">823,965</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">777,850</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Labor and social security lawsuits</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,522,090</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,506,626</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Tax foreclosures &ndash; Fine &ndash; Volta Redonda IV</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">102,734</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;94,304</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">ACP landfill M&aacute;rcia</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">306,389</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">306,389</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: justify">Other environmental lawsuits</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">360,956</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">257,965</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: justify">&nbsp;</TD>
    <TD STYLE="font: bold 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;40,244,694</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;39,305,776</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">In the first quarter of 2021, the Group was notified of an arbitration
procedure based on an alleged unfulfillment of iron ore supply contracts. The counterparty asks for approximately US$1 billion and the
Company has no knowledge of the bases used in the allegations presented, as well as has no knowledge of the basis for the estimates of
the amount asked. As opposed, the Company understands to be a creditor in the contracts. Finally, the Company informs that has responded
the arbitration</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">requirements in conjunction with its legal counselors and
is currently at the initial stage of its defense. The Company expects the arbitration will be concluded in 2 to 3 years. The relevance
of the arbitration to the Company is related to the amount attributed to the cause and its eventual financial impact. <FONT STYLE="font-family: Arial,sans-serif; font-size: 9pt">The
discussion involves arbitration disputes initiated by both parties.</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company has been offering judicial guarantees (Guarantee Insurance
/ Letter of Guarantee) in the total and updated amount of R$4,559,335 as of September 30, 2021 (R$4,542,786 as of December 31,2020), as
determined by the procedural legislation in force.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The assessments made by legal advisors define these administrative
and judicial proceedings as a possible risk of loss and, consequently, no loss provisions have been recognized in accordance with Management&#8217;s
judgment and with the Accounting Practices adopted in Brazil.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">21.</TD><TD STYLE="text-align: justify">PROVISION FOR ENVIRONMENTAL LIABILITIES AND ASSET RETIREMMENT OBLIGATIONS</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The information related to the provisions for environmental liabilities
and deactivation did not change in relation to those disclosed in the financial statements of December 31, 2020. Therefore, the Company
decided not to repeat them in the condensed interim financial information as of September 30, 2021.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The balance of provisions for environmental liabilities and deactivation
of assets can be shown as follows:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; width: 41%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 14%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 14%">Consolidated</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 14%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 14%">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Environmental liabilities</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">207,813</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">192,830</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">193,447</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">178,638</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-family: Arial, sans-serif">Asset retirement obligations (1)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">678,120</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">611,005</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">50,886</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">885,933</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">803,835</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">193,447</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">229,524</TD></TR>
  </TABLE>

<P STYLE="font: 8pt Arial,sans-serif; margin: 0; text-align: justify">(1) On January 31, 2021 The provision fot assets retirement obligation
&#8211; ARO was transferred to the company CSN Cimentos S.A.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">22.</TD><TD STYLE="text-align: justify">RELATED-PARTY BALANCES AND TRANSACTIONS</TD></TR></TABLE>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The information related to transactions with related parties has
not changed significantly in relation to the</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">disclosed in the financial statements of December 31, 2020.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">22.a)</TD><TD STYLE="text-align: justify">Transactions with subsidiaries, joint ventures, associates, exclusive founds and other related parties</TD></TR></TABLE>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 9pt Arial,sans-serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT></TD><TD STYLE="text-align: justify">Consolidated</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 21.3pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">Consolidated</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 26%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 3%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Subsidiaries and associates</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Joint-ventures and Joint Operation</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 8%">Other related parties</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">Subsidiaries and associates</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Joint-ventures and Joint Operation</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 8%">Other related parties</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 6%">Total</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Assets</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 1%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;Current Assets&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Investments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><SUP>(1)</SUP></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,064,244</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,064,244</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,763,603</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,763,603</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Trade receivables (note 7)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><SUP>(2)</SUP></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;28,956</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;93</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;271,540</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;300,589</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;7,686</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">8</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;113,482</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;121,176</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Dividends (note 10)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><SUP>(3)</SUP></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">38,086</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;170,586</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;208,672</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">38,088</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;38,088</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Loans (note 10)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><SUP>(4)</SUP></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,893</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,893</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Other current assets (note 10)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,824</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,824</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,413</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,829</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6,242</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;28,956</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">41,072</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">3,508,194</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;3,578,222</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;7,686</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">42,509</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">3,878,914</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;3,929,109</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 1%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;Noncurrent Assets&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Investments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><SUP>(1)</SUP></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;126,631</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;126,631</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;123,409</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;123,409</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Loans (note 10)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><SUP>(4)</SUP></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;41,352</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,074,260</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,115,612</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,375</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;962,675</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;966,050</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Actuarial asset (note 10)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">13,819</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;13,819</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">13,819</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;13,819</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Other non-current assets (note 10)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><SUP>(5)</SUP></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;808,753</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;808,753</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;664,020</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;664,020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;41,352</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,883,013</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;140,450</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;2,064,815</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;3,375</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,626,695</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;137,228</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,767,298</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">&nbsp;70,308</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">1,924,085</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">3,648,644</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">&nbsp;5,643,037</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">11,061</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">1,669,204</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">4,016,142</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">&nbsp;5,696,407</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Liabilities</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 1%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;Current Liabilities&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Trade payables</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">61,923</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">11,455</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;73,378</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;106,946</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">9,455</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;116,401</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Accounts payable (note 16)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;623</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">27,654</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;28,277</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">23,555</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,437</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;25,992</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Provision for consumption (note 16)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">9,247</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;9,247</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">44,466</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;44,466</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;623</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">98,824</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">11,455</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;110,902</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;174,967</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">11,892</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;186,859</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 1%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;Noncurrent Liabilities&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Accounts payable (note 16)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">64,377</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;64,377</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">78,083</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;78,083</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Actuarial liability(note 16)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">79,546</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;79,546</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">79,546</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;79,546</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">64,377</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">79,546</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;143,923</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">78,083</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">79,546</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;157,629</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">&nbsp;623</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">&nbsp;163,201</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">91,001</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">&nbsp;254,825</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">&nbsp;253,050</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">91,438</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">&nbsp;344,488</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">Consolidated</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Subsidiaries and associates</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Joint-ventures and Joint Operation</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Other related parties</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Subsidiaries and associates</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Joint-ventures and Joint Operation</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Other related parties</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">P&amp;L</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Sales</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;37,438</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;779</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,610,969</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,649,186</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">70,375</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;633</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,014,806</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,085,814</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Cost and expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(159)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(978,445)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(55,055)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,033,660)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(106)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(768,204)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(70,425)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(838,735)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 1%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Financial income (expenses)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Interest (note 28)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">27,796</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">24,039</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;51,835</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">16,659</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">14,888</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;31,547</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Exchange rate variations andmonetary, net</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">37,030</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;37,030</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Short-term investments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;237,915</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;237,915</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">97,443</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;97,443</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">&nbsp;37,279</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">(949,870)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">2,817,868</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">&nbsp;1,905,276</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">70,269</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">(750,912)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">1,093,742</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">&nbsp;413,099</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 64 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT></TD><TD STYLE="text-align: justify">Parent Company</TD></TR></TABLE>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify"></P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 30%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">Subsidiaries and associates</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Joint-ventures and Joint Operation</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 8%">Other related parties and exclusive funds</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">Subsidiaries and associates</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Joint-ventures and Joint Operation</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 8%">Other related parties and exclusive funds</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">Total</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Assets</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 1%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;Current Assets&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Investments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><SUP>(1)</SUP></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,157,039</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,157,039</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,801,985</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,801,985</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Trade receivables (note 7)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><SUP>(2)</SUP></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,656,044</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;271,240</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,927,284</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">835,489</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">8</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;112,222</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">947,719</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Loans (note 10)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><SUP>(4)</SUP></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,893</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,893</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;53,718</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">53,718</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Dividends (note 10)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><SUP>(3)</SUP></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6,753</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">19,048</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;167,884</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">193,685</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">308,009</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">21,404</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">329,413</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Other current assets (note 10)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;49,641</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,829</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">51,470</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,888</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,829</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5,717</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;1,712,438</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">21,941</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">3,597,992</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;5,332,371</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;1,201,104</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">21,412</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">3,916,036</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;5,138,552</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 1%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;Noncurrent Assets&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Investments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><SUP>(1)</SUP></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;126,631</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">126,631</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;123,409</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">123,409</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Loans (note 10)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><SUP>(4)</SUP></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">263,633</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">981,871</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,245,504</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">134,892</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">872,785</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,007,677</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Actuarial asset (note 10)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,803</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,803</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Other non-current assets (note 10)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><SUP>(5)</SUP></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">259,281</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">808,752</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,068,033</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">236,180</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">664,020</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">900,200</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">522,914</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,790,623</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;126,631</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;2,440,168</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">371,072</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,536,805</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;125,212</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;2,033,089</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">&nbsp;2,235,352</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">&nbsp;1,812,564</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">3,724,623</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">&nbsp;7,772,539</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;1,572,176</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;1,558,217</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; border-bottom: Black 2pt double; text-align: right">4,041,248</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;7,171,641</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 2pt double; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Liabilities</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 1%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;Current Liabilities&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Intercompany Loans (note 14)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><SUP>(6)</SUP></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">395,859</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">395,859</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">502,590</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">502,590</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Trade payables</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">460,656</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">19,800</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10,730</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">491,186</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,311,358</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">62,698</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">9,299</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,383,355</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Accounts payable (note 16)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;99,730</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">99,730</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">102,361</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,437</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">104,798</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Provision for consumption (note 16)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">159,241</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;9,247</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">168,488</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">133,215</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">12,317</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">145,532</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;1,115,486</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">29,047</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">10,730</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;1,155,263</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;2,049,524</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">75,015</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">11,736</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;2,136,275</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 1%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;Noncurrent Liabilities&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Intercompany Loans (note 14)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center"><SUP>(6)</SUP></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;9,229,712</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;9,229,712</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;14,567,024</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">14,567,024</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">&nbsp;Accounts payable (note 16)&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">148,625</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">148,625</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">222,834</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">222,834</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Actuarial liability(note 16)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">79,546</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">79,546</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">79,546</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">79,546</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;9,378,337</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">79,546</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;9,457,883</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;14,789,858</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">79,546</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">14,869,404</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;10,493,823</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">29,047</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">90,276</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">10,613,146</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;16,839,382</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">75,015</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">91,282</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">17,005,679</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="7" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Subsidiaries and associates</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Joint-ventures and Joint Operation</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Other related parties and exclusive funds</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Subsidiaries and associates</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Joint-ventures and Joint Operation</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Other related parties and exclusive funds</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Net revenue and cost</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Sales</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,228,618</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,628,242</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,856,860</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,825,768</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,014,857</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,840,625</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Cost and expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(3,607,736)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(315,867)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(58,498)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(3,982,101)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,648,659)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(274,207)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(69,443)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,992,309)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 1%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">Financial income (expenses)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Interest (note 28)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(189,515)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">34,350</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">22,617</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(132,548)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(313,857)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">24,238</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">14,535</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(275,084)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Exclusive funds (note 28)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">41,985</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">41,985</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;245</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">245</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Short-term investments</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;237,915</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">237,915</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;106,803</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">106,803</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Exchange rate variations andmonetary, net</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(295,224)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(295,224)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(4,761,962)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">27,670</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(4,734,292)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(1,863,857)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(281,517)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">2,872,261</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">726,887</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(4,898,710)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(249,969)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,094,667</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(4,054,012)</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">Consolidated and Parent Company Information:</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 18pt">1.</TD><TD STYLE="text-align: justify">Financial investments</TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 25.1pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify">In consolidated refers to the investments in Usiminas shares
are R$2,565,009 (R$3,305,119 in December 2020) and cash and cash equivalents with Banco Fibra totaling R$499,235 (R$458,494 in December
2020) and no current the amount R$126,631 (R$123,409 in December 2020) from <I>Bonds</I> with an average rate of 98% to 115% of the CDI.</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify">In the parent company through exclusive funds&#8217; investments
in government bonds and CDBs. in the amount of R$132,737 on September 30, 2021 (R$38,517 on December 31, 2020).</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 25.1pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 18pt"><B>2.</B></TD><TD STYLE="text-align: justify"><B>Trade receivable</B> mainly refers to operations of sales of steel products of the Parent Company to
affiliates and companies <I>joint venture</I> and <I>joint-operation</I>.</TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 18pt"><B>3.</B></TD><TD STYLE="text-align: justify"><B>Dividends receivable</B> from the MRS Log&iacute;stica R$38,086 (R$38,088 as of December 31, 2020)
in the consolidated and parent company R$19,048 (R$329,413 as of December 31, 2020) and R$170,586 from the Usiminas.</TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 25.1pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 18pt">4.</TD><TD STYLE="text-align: justify">Loans (Assets):</TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify"><B>Consolidated </B></P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 35.4pt">&nbsp;</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify">Short-term: refers mainly to loan agreements with Equimaq
S.A. at a fixed rate of 4.0% + 100.00% of CDI of R$10.987.</P>


<!-- Field: Page; Sequence: 65 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->63<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify">Long-term: refers mainly to loan agreements with Transnordestina
Log&iacute;stica R$1,063,273 (R$962,675 at December 31, 2020) with an average rate of 125.0% to 130.0% of the CDI and loan agreements
with Arvedi Metalfer S.A in the amount of R$41,352 with an average rate of 130.0% of the CDI</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 35.4pt">&nbsp;</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify"><B>Parent company </B></P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 35.4pt">&nbsp;</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify">Short-term: refers mainly to loan agreements with CBSI
- Companhia Brasileira de Infraestrutura S.A. in the amount of R$15,508 as of September 30, 2021 (R$15,263 as of December 31, 2020).</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify">Long-term: refers especially to loan agreements with Transnordestina
Log&iacute;stica S.A. in the amount of R$954,034 and with Ferrovia Transnordestina S.A in the amount of R$128,932 as of September 30,
2021 and (R$872,785 and R$112,420 as of December 31, 2020, respectively) and loan agreements with Estanho Rond&ocirc;nia S.A, in the amount
of R$77,842.</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 25.1pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 18pt"><B>5.</B></TD><TD STYLE="text-align: justify"><B>Others (Assets):</B> Advance for future capital increase with subsidiaries in the amount of R$808,753
with Transnordestina Log&iacute;stica SA (R$664,020 on December 31, 2020).</TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify"><B>Parent company </B></P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 25.1pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 7.1pt"></TD><TD STYLE="width: 18pt">6.</TD><TD STYLE="text-align: justify">Loans (Liabilities):</TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 25.1pt; text-align: justify"><B>Foreign currency:</B> Intercompany contracts in the
amount of R$7,654,609 (R$15,051,191 on December 31, 2020).</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 25.1pt; text-align: justify"><B>National coin:</B> Intercompany contracts in the amount
of R$18,749 (R$18,423 on December 31, 2020).</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 18pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">22.b)</TD><TD STYLE="text-align: justify">Key management personal</TD></TR></TABLE>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The key management personnel with authority and responsibility for
planning, directing and controlling the Company&#8217;s activities include members of the Board of Directors and statutory officers. The
following is information on the compensation of such personnel and the related balances as of September 30, 2021 and 2020.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 60%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 19%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 19%">09/30/2020</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">P&amp;L</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Short-term benefits for employees and officers</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">41,715</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">27,945</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Post-employment benefits</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;129</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">83</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">41,844</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">28,028</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">22.c)</TD><TD STYLE="text-align: justify">Guarantees</TD></TR></TABLE>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company is liable for guarantees of its subsidiaries and joint
ventures as follows:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">Currency</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">Maturities</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Borrowings</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Tax foreclosure</TD>
    <TD COLSPAN="4" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Others</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Total</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 20%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 6%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center; width: 9%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 6%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 6%">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">12/31/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 8%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; border-top-color: Black; border-top-width: 0.5pt; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 8%">12/31/2020</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Transnordestina Log&iacute;sitca</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">R$</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">Up to 09/19/2056 and Indefinite</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;2,731,299</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;2,478,105</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;35,259</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;35,496</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">3,384</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">3,298</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;2,769,942</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;2,516,899</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">CSN Cimentos</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">R$</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">Up to 11/26/2023 and indefinite</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">33</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">33</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Cia Siderurgica Nacional</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">R$</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">05/31/2025</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">536</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">536</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Cia Metalurgica Prada&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">R$</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Indefinite</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">197</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">196</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">244</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">244</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">441</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">440</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">CSN Energia</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">R$</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">Up to 11/26/2023 and indefinite</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">1,920</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">1,920</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,920</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,920</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">CSN Minera&ccedil;&atilde;o</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">R$</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">Up to 12/21/2024</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;846,284</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;846,749</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">846,284</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">846,749</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">CBS</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">R$</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">06/30/2024</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">21</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">21</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Estanho de Rond&ocirc;nia&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">R$</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">7/15/2022</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">771</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,154</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">771</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,154</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Min&eacute;rios Nacional S.A.</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">R$</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Up to 09/10/2021</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,946</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,946</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">Total in R$</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;3,578,354</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;3,327,954</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;35,456</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;35,692</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">6,138</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">5,462</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;3,619,948</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;3,369,108</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="color: red; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">CSN Inova Ventures</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">US$</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">01/28/2028</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,300,000</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,300,000</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,300,000</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,300,000</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">CSN Islands XII</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">US$</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Perpetual</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,000,000</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,000,000</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,000,000</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,000,000</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">CSN Resources</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">US$</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Up to 04/17/2026</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,953,942</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,525,000</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,953,942</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,525,000</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">CSN Cimentos</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">US$</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Indefinite</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">1,025</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,025</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">Total in US$</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;4,253,942</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;3,825,000</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,025</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;4,254,967</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;3,825,000</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Lusosider A&ccedil;os Planos</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">EUR</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">Indefinite</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">75,000</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;75,000</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">Total in EUR</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">75,000</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;75,000</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right"></TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">Total in R$</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;23,138,892</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;19,877,378</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">477,948</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;23,616,840</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;19,877,378</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;26,717,246</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;23,205,332</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;35,456</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;35,692</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">484,086</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">5,462</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;27,236,788</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;23,246,486</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"></P>


<!-- Field: Page; Sequence: 66 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt Arial,sans-serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">23.</TD><TD STYLE="text-align: justify">SHAREHOLDERS&acute; EQUITY</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">23.a)</TD><TD STYLE="text-align: justify">Paid-in capital</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The fully subscribed and paid-in capital on September 30, 2021 and
December 31, 2020 is the R$6,040 million and divided into 1,387,524,047 common and book-entry shares, with no par value. Each common share
entitles its holder to one vote in the resolutions of the General Meetings.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">23.b)Authorized</TD><TD STYLE="text-align: justify">capital</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company&#8217;s bylaws in effect on September 30, 2021 define
that the share capital may be increased to up to 2,400,000,000 shares, by decision of the Board of Directors.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">23.c)</TD><TD STYLE="text-align: justify">Legal Reserve</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">It is constituted at the rate of 5% of the net income calculated
in each fiscal year pursuant to art. 193 of Law 6,404/76, up to a limit of 20% of the capital stock.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">23.d)</TD><TD STYLE="text-align: justify">Ownership structure</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">As of September 30, 2021, the Company&#8217;s ownership structure
was as follows:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 26%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 12%">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 13%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 9%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 12%">12/31/2020</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Number of common shares</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">% of total shares</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">% of voting capital</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Number of common shares</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">% of total shares</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">% of voting capital</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Vicunha A&ccedil;os S.A. (*)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">679,522,254</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">48.97%</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">49.24%</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">679,522,254</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">48.97%</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">49.24%</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Rio Iaco Participa&ccedil;&otilde;es S.A. (*)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">45,706,242</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">3.29%</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">3.31%</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">58,193,503</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">4.19%</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">4.22%</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">NYSE (ADRs)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">248,764,538</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">17.93%</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">18.02%</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">248,763,533</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">18.90%</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">19.00%</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Other shareholders</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">406,121,513</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">29.27%</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">29.43%</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">393,635,257</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">27.40%</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">27.55%</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid">Outstanding shares</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;1,380,114,547</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">99.47%</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">100.00%</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;1,380,114,547</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">99.47%</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">100.00%</TD></TR>
  <TR STYLE="background-color: white">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Treasury shares</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">7,409,500</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">0.53%</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">7,409,500</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right">0.53%</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid">Total shares</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;1,387,524,047</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">100.00%</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;&nbsp;&nbsp;1,387,524,047</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">100.00%</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  </TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">(*) Controlling group companies.</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">23.e)</TD><TD STYLE="text-align: justify">Treasury shares</TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">As of September 30, 2021, the position of treasury shares was as
follows:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">Program</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">Board&rsquo;s Authorization</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 10%">Authorized quantity</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 24%">Program period</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Average buyback price</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 12%">Minimum and maximum buyback price</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 11%">Sale of shares</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">Balance in treasury</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">04/20/2018</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;30,391,000</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">From 4/20/2018 to 4/30/2018</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 8.5pt Arial, sans-serif; text-align: center">Not applicable</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">Not applicable</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">22,981,500</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;7,409,500</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">06/21/2021</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;24,154,500</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">From 06/22/2021 to 12/22/2021</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 8.5pt Arial, sans-serif; text-align: center">Not applicable</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">Not applicable</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;7,409,500</TD></TR>
  </TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">As of September 30, 2021, the position of treasury shares was as
follows:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR>
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center">Quantity purchased (in units)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center">Amount paid for the shares</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD COLSPAN="5" ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center">Share price</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD ROWSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center">Share market price as of09/30/2021 (*)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Minimum</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Maximum</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Average</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt; width: 21%">&nbsp;7,409,500</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 8.5pt Arial, sans-serif; text-align: right; width: 16%">R$ 58,264</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 8.5pt Arial, sans-serif; text-align: right; width: 12%">&nbsp;R$&nbsp;4.48</TD>
    <TD STYLE="font: 8.5pt Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 8.5pt Arial, sans-serif; text-align: right; width: 11%">&nbsp;R$ 10.07</TD>
    <TD STYLE="font: 8.5pt Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 8.5pt Arial, sans-serif; text-align: right; width: 15%">&nbsp;R$ 7.86</TD>
    <TD STYLE="font: 8.5pt Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font: 8.5pt Arial, sans-serif; text-align: right; width: 20%">R$ 213,245</TD></TR>
  </TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">(*) The average share price on September 30, 2021 was used in the
amount of R$28.78 per share.</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">23.f)</TD><TD STYLE="text-align: justify">Policy on investments and payment of interest on net equity and dividends</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 67 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The Company adopts a profit distribution policy which, in compliance
with the provisions of Law No. 6,404/76 as amended by Law No. 9,457/97, will imply the allocation of all net income to its shareholders,
provided that the following priorities are preserved, regardless of its order: (i) business strategy; (ii) compliance with obligations;
(iii) making the necessary investments; and (iv) the maintenance of a good financial situation for the Company.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">23.g)</TD><TD STYLE="text-align: justify">Earnings per share</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The earnings per share are shown below:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 41%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 14%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 14%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 14%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 14%">Parent Company</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Nine months ended</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Three months ended</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">09/30/2021</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">09/30/2020</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">09/30/2021</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">09/30/2020</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Common Shares</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Common Shares</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Profit / (loss) for the period</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">11,355,323</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">65,113</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">1,149,537</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">1,080,786</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Weighted average number of shares</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,380,114,547</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,380,114,547</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,380,114,547</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,380,114,547</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Basic and diluted earnings (loss) per share</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;8.22781</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;0.04718</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;0.83293</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;0.78311</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">24.</TD><TD STYLE="text-align: justify">REMUNERATION TO SHAREHOLDERS</TD></TR></TABLE>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><FONT STYLE="font-weight: normal">The Company's Board of Directors,
in a meeting held on July 27, 2021, approved the distribution of dividends to shareholders on account of profits recorded in the balance
sheet on June 30, 2021, in the amount of R$1,750,000, corresponding to R$1.26801069070972 per share.</FONT></P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">25.</TD><TD STYLE="text-align: justify">NET REVENUE FROM SALES</TD></TR></TABLE>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Net sales revenue is as follows:</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif; width: 36%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 15%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 15%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 15%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 15%">&nbsp;Consolidated&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Nine months ended</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Three months ended</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; border-top-color: Black; border-top-width: 0.5pt; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; border-top-color: Black; border-top-width: 0.5pt; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Gross revenue</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Domestic market</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">22,687,744</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">11,336,697</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">7,675,068</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,690,962</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Foreign market</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">20,058,561</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">11,711,782</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">4,319,001</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">5,156,272</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">42,746,305</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">23,048,479</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">11,994,069</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">9,847,234</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Deductions&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Sales returns, discounts and rebates</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(121,492)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(230,264)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;(55,226)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;(78,807)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Taxes on sales</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(5,073,739)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2,548,296)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,692,670)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,053,844)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(5,195,231)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(2,778,560)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; background-color: white">&nbsp;(1,747,896)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; background-color: white">&nbsp;(1,132,651)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Net revenue</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">37,551,074</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">20,269,919</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">10,246,173</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">8,714,583</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;Parent Company&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Nine months ended</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Three months ended</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; border-top-color: Black; border-top-width: 0.5pt; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right; border-top-color: Black; border-top-width: 0.5pt; background-color: white">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Gross revenue</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Domestic market</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">20,834,681</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">10,921,810</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6,937,778</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,521,919</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Foreign market</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,286,231</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,513,596</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,425,822</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;518,052</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">23,120,912</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">12,435,406</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">8,363,600</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">5,039,971</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Deductions&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Sales returns, discounts and rebates</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(209,860)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(217,330)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(43,081)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(75,012)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Taxes on sales</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(4,386,460)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2,338,259)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,447,225)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(966,462)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: white">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(4,596,320)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(2,555,589)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(1,490,306)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(1,041,474)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Net revenue</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">18,524,592</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">9,879,817</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">6,873,294</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">3,998,497</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 68 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->66<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt Arial,sans-serif; margin: 0"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">26.</TD><TD STYLE="text-align: justify">EXPENSES BY NATURE</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; width: 40%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 14%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 14%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 14%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 14%">&nbsp;Consolidated&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Nine months ended</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Three months ended</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Raw materials and inputs</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(7,760,865)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(5,080,043)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2,319,930)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,944,512)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Outsourcing material</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(3,743,717)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,682,797)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,134,933)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(634,711)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Labor cost</TD>
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(1,978,782)</TD>
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(1,952,010)</TD>
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(628,903)</TD>
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(670,252)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Supplies</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,563,729)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,433,895)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(486,692)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(542,021)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Maintenance cost (services and materials)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(881,843)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(730,194)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(297,080)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(286,486)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Outsourcing services</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,484,657)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,325,673)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(508,481)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(483,787)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Freight</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(171,619)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(151,166)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(50,915)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(50,275)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Distribution freight</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,162,010)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(982,089)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(422,152)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(414,499)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Depreciation, amortization and depletion</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,491,507)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,303,389)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(533,346)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(460,626)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Others</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,137,820)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(655,639)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(321,558)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(377,075)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(21,376,549)</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(15,296,895)</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(6,703,990)</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(5,864,244)</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Classified as:</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Cost of sales</TD>
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(19,231,398)</TD>
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(13,528,898)</TD>
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(5,941,522)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(5,133,126)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Selling expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,706,395)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,398,316)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(603,615)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(606,938)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">General and administrative expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(438,756)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(369,681)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(158,853)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(124,180)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(21,376,549)</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(15,296,895)</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(6,703,990)</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(5,864,244)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;Parent Company&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Nine months ended</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Three months ended</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Raw materials and inputs</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(8,430,603)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(5,030,429)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(3,035,040)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,966,803)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Labor cost</TD>
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(854,213)</TD>
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(1,026,590)</TD>
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(252,837)</TD>
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(389,227)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Supplies</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,143,419)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,157,139)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(393,294)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(442,103)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Maintenance cost (services and materials)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(432,122)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(383,749)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(142,102)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(153,497)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Outsourcing services</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(588,290)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(685,872)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(193,152)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(266,363)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Freight</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(22,059)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(28,168)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(9,254)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(8,774)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Distribution freight</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(328,717)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(265,010)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(135,139)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(98,895)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Depreciation, amortization and depletion</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(632,406)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(640,495)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(221,572)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(218,669)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Others</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(167,273)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(137,747)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(58,448)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(71,747)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(12,599,102)</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(9,355,199)</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(4,440,838)</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(3,616,078)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">Classified as:</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Cost of sales</TD>
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(11,910,176)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(8,689,585)</TD>
    <TD STYLE="font-style: italic; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(4,176,175)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(3,387,750)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Selling expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(517,200)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(501,592)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(210,412)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(175,430)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">General and administrative expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(171,726)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(164,022)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(54,251)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(52,898)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(12,599,102)</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(9,355,199)</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(4,440,838)</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(3,616,078)</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The depreciation, amortization and depletion additions for the period
were distributed as follows.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 33%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 16%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 16%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 16%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 16%">Consolidated</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Nine months ended</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Three months ended</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right">09/30/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: right">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Production costs (1)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,463,535)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,266,785)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(524,251)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(447,959)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Selling expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(8,063)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(10,201)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2,331)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(3,309)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">General and administrative expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(19,909)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(26,403)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(6,764)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(9,358)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;(1,491,507)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;(1,303,389)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">(533,346)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">(460,626)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Other operational (2)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(74,315)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(69,168)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(22,971)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(24,736)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(1,565,822)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(1,372,557)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(556,317)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(485,362)</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>
<!-- Field: Page; Sequence: 69 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->67<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 33%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 16%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 16%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 16%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 16%">Parent Company</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Nine months ended</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">Three months ended</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Production costs (1)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(617,557)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(621,169)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(216,593)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(212,193)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Selling expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(4,987)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(8,563)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,570)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2,768)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">General and administrative expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(9,862)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(10,763)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(3,409)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(3,708)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">(632,406)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">(640,495)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">(221,572)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">(218,669)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Other operational</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(4,896)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(8,499)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,480)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(4,163)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(637,302)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(648,994)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(223,052)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(222,832)</TD></TR>
  </TABLE>
<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">(2)</TD><TD STYLE="text-align: justify">- The cost of production includes PIS and COFINS credits on lease agreements on September 30, 2021, in
the amount of R$4,071 (R$3,876 on September 30,2020) in the consolidated and R$535 (R$1,444 on September 30, 2020) in the parent company.</TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 7pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">(3)</TD><TD STYLE="text-align: justify">They mainly refer to the depreciation of investment properties, paralyzed equipment and amortization of
the SWT Client Portfolio, see note 28.</TD></TR></TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">27.</TD><TD STYLE="text-align: justify">OTHER OPERATING INCOME AND EXPENSES</TD></TR></TABLE>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0 0 0 17.85pt; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; width: 52%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 11%">&nbsp;Consolidated&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Nine months ended</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Three months ended</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Other operating income</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Receivables by indemnity (1)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">5,127</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;242,402</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,411</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,540</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Rentals and leases</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">9,364</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6,577</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,758</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,796</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Dividends received</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">15,409</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,969</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">15,409</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;10</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">PIS, COFINS and INSS to compensate (2)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;120,452</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Contractual fines</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,235</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,285</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;330</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;778</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Updated shares &ndash; Fair value through profit or loss (Note 15)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;124,542</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,871</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(35,558)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,467)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Net gain in shares sale (note 11 d)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,472,497</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Other revenues</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">76,945</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">52,950</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">22,572</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">21,892</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">2,705,119</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;432,506</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">8,922</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">25,549</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;-&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;-&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Other operating expenses</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Taxes and fees</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(55,830)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(39,955)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(14,116)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(5,336)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Expenses with environmental liabilities, net</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(6,654)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(25,342)</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(5,994)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(4,631)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Write-off/(Provision) of judicial lawsuits</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">14,011</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(23,093)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">6,712</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(21,795)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD COLSPAN="2" STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Depreciation of investment property, equipment paralyzed and amortization of intangible assets (note 26)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(74,315)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(69,168)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(22,971)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(24,736)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Write- off of PPE, intagible assests and investment property (notes 12 and 13)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(43,172)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(4,716)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(730)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(2,386)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Estimated (Loss)/reversal in inventories</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(140,054)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(158,488)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(46,236)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(43,364)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Idleness in stocks and paralyzed equipment (4)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(30,979)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(291,038)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(30,979)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(31,822)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Studies and project engineering expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(46,424)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(15,014)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(14,574)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(5,394)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Research and development expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(253)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(531)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(93)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(179)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Healthcare plan expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(81,017)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(76,112)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(16,805)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(19,883)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Cash flow hedge accounting realized (note 15) (5)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(345,200)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(1,646,347)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;244,528</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(506,666)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Other expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(268,307)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(256,599)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(65,473)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(76,225)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;(1,078,194)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;(2,606,403)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">33,269</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">(742,417)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;Other operating income (expenses), net&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,626,925</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(2,173,897)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">42,191</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(716,868)</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"></P>


<!-- Field: Page; Sequence: 70 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->68<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; width: 52%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 11%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 11%">&nbsp;Parent Company&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Nine months ended</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Three months ended</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Other operating income</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Receivables by indemnity (1)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,711</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;241,221</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">3,001</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,615</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Rentals and leases</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">9,022</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">6,261</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,643</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,687</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Dividends received</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">15,407</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,658</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">15,407</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;11</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">PIS, COFINS and INSS to compensate (2)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">97,154</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Contractual fines</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;517</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,580</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;55</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;209</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Updated shares &ndash; Fair value through profit or loss (Note 15)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;124,542</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,871</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(35,558)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,467)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Net gain in shares sale (note 11 d) (3)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">2,472,497</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Other revenues</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">23,954</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">26,032</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">11,895</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">2,650,650</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;378,777</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(14,452)</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">13,950</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Other operating expenses</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Taxes and fees</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(44,013)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(29,177)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(7,658)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(979)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Expenses with environmental liabilities, net</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(6,218)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(3,164)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(5,728)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(4,108)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Write-off/(Provision) of judicial lawsuits</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">24,892</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(20,015)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">13,267</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(11,325)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD COLSPAN="2" STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Depreciation of investment property, equipment paralyzed and amortization of intangible assets (note 26)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(4,896)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(8,499)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(1,480)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(4,163)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Write- off of PPE, intagible assests and investment property (notes 12 and 13)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(17,073)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(1,476)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(1,021)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Estimated (Loss)/reversal in inventories</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(61,576)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(62,140)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(15,547)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(23,353)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Idleness in stocks and paralyzed equipment (4)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(10,057)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(74,970)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(10,057)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(26,872)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Studies and project engineering expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(14,117)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(10,556)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(5,858)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(3,193)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Research and development expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(253)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(531)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(93)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(179)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Healthcare plan expenses</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(80,437)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(75,728)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(16,690)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(19,764)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Cash flow hedge accounting realized (note 15) (5)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(317,472)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,481,672)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(65,222)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(341,991)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Other expenses</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(189,766)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(217,473)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(51,122)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(60,510)</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(720,986)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(1,985,401)</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(166,188)</TD>
    <TD STYLE="font-weight: bold; font-style: italic; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(497,458)</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;Other operating income (expenses), net&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,929,664</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(1,606,624)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(180,640)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(483,508)</TD></TR>
  </TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">In
                                            2020, the Company received, after a judicial decision, R$84,435 in indemnity, of which R$58,785
                                            for rent in arrears arising from one of its investment properties and R$25,650 referring
                                            to a lawsuit for collection of insurance for material damage caused by the contractor in
                                            the construction of the long steel plant.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">In
                                            2020, consist of the recovery of INSS credit on benefits granted to employees that should
                                            not be considered in the contribution calculation basis</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">Refers
                                            to the public offering of shares of CSN Minera&ccedil;&atilde;o S.A. (see note 11.d).</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">4.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">In
                                            2020 refers to the idle capacity arisen from production volumes lower than normal it was
                                            generated from the refurbishment of the blast furnace No.3 and in the iron ore mining operation
                                            due to delays in the release of environmental licenses, which postponed the start of new
                                            ore mining fronts, as well as new dry tailing processes still in ramp-up stage.</FONT></TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0 0 0 14.2pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 12pt Times New Roman,serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">5.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 9pt">These
                                            are the effects of the Exchange cash flow hedge (R$317,472) and cash flow hedge of the Platts
                                            index (R$27,728), totaling in the Consolidated (R$345,200) and (R$317,472) in the Parent
                                            Company in the September 30,2021. And as of September 30, 2020, the effects of the Foreign
                                            Exchange Cash Flow Hedge and Cash Flow Hedge of the Platts index were (R$1,481,672) and (R$164,675),
                                            respectively, totaling (R$1,646,347) in the Consolidated and (R$1,481,672) in the Parent
                                            Company, see note 15.</FONT></TD></TR></TABLE>


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    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->69<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">28.</TD><TD STYLE="text-align: justify">FINANCIAL INCOME (EXPENSES)</TD></TR></TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; width: 48%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 12%">Consolidated</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Nine months ended</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">Three months ended</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">09/30/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Financial income</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Related parties (Note 22 a)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">60,888</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">41,753</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">30,021</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">11,014</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Income from financial investments</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;194,000</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">40,145</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">88,712</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">10,088</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Updated shares &ndash; Fair value through profit or loss (Note 15 II)&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;567,247</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">97,443</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(594,012)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">97,443</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Other income</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;257,275</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;476,949</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;177,349</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">15,944</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,079,410</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;656,290</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(297,930)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;134,489</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Financial expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Borrowings and financing - foreign currency (note 14)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(1,306,019)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(1,187,375)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(495,577)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(410,519)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Borrowings and financing - local currency (note 14)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(293,571)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(331,130)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(138,652)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(77,678)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Related parties(note 14)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(9,053)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(10,206)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(3,018)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(10,206)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Lease liabilities</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(42,891)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(36,738)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(15,552)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(12,389)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Capitalised interest (notes 12 and 31)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">60,996</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">68,945</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">24,163</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">21,650</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Interest and fines</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(140,482)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(120,848)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(77,433)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(70,301)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">(-) Adjustment present value of trade payables</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(185,795)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(69,715)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Commission, bank fees, Guarantee and bank fees</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(117,426)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(119,555)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(40,045)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(36,880)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">PIS/COFINS over financial income</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(66,139)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(35,432)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(30,340)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(4,328)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Updated shares &ndash; Fair value through profit or loss (Note 15 II)&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;439,702</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Other financial expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(324,538)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(233,772)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(47,209)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(59,838)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(2,424,918)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(2,006,111)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(893,378)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(220,787)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Others financial items, net</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Foreign exchange and monetary variation, net</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(155,870)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;413,068</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;299,837</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(55,710)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Gains and (losses) on exchange derivatives (*)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">17,394</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(135,577)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(51,955)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(14,041)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(138,476)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;277,491</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;247,882</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(69,751)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(2,563,394)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(1,728,620)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(645,496)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(290,538)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Financial income (expenses), net</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(1,483,984)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(1,072,330)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(943,426)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(156,049)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">(*) Statement of gains and (losses) on derivative transactions (note 15)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Dollar - to - real NDF</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">37,322</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Exchange rate swap Dollar x Euro&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">19,638</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(1,316)</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">6,205</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(1,547)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Exchange rate swap GBP x Euro&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(602)</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Interest rate swap CDI x IPCA</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(32,415)</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(32,415)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Exchange rate swap CDI x Dollar&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(7,151)</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(133,659)</TD>
    <TD STYLE="color: red; font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(25,745)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(12,494)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">17,394</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(135,577)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(51,955)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(14,041)</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"></P>


<!-- Field: Page; Sequence: 72 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->70<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; width: 48%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; width: 12%">Parent Company</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">Nine months ended</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">Three months ended</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2020</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Financial income</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Related parties (note 22)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;106,576</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">44,743</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">35,463</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">12,516</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Income from financial investments</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">93,111</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">26,291</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">22,987</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">6,680</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Updated shares &ndash; Fair value through profit or loss (Note 15 II)&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;567,247</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">97,443</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(594,012)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">97,443</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Other income</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;247,816</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;467,159</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;174,209</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">13,311</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,014,750</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;635,636</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(361,353)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;129,950</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Financial expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Borrowings and financing - foreign currency (note 14)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(90,677)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(182,679)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(31,129)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(59,907)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Borrowings and financing - local currency (note 14)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(254,644)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(291,637)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(116,003)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(68,329)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Related parties (notes 14 and 22)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(197,139)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(319,582)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(22,152)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(107,765)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Lease liabilities</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,510)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(2,341)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(407)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(619)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Capitalised interest (notes 12 and 31)</TD>
    <TD STYLE="font-style: italic; font-family: Arial Narrow, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">18,007</TD>
    <TD STYLE="font-style: italic; font-family: Arial Narrow, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">22,094</TD>
    <TD STYLE="font-style: italic; font-family: Arial Narrow, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">4,090</TD>
    <TD STYLE="font-style: italic; font-family: Arial Narrow, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">7,237</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Interest and fines</TD>
    <TD STYLE="font-style: italic; font-family: Arial Narrow, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(78,635)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(88,223)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(40,510)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(48,882)</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">(-) Adjustment present value of trade payables</TD>
    <TD STYLE="font-style: italic; font-family: Arial Narrow, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(136,763)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(50,132)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Commission, bank fees, Guarantee and bank fees</TD>
    <TD STYLE="font-style: italic; font-family: Arial Narrow, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(96,236)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(104,668)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(32,165)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(31,624)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">PIS/COFINS over financial income</TD>
    <TD STYLE="font-style: italic; font-family: Arial Narrow, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(30,900)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(25,423)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(1,836)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(635)</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">Updated shares &ndash; Fair value through profit or loss (Note 15 II)&nbsp;</TD>
    <TD STYLE="font-style: italic; font-family: Arial Narrow, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;439,702</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Other financial expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(120,087)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(60,511)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(19,686)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(13,867)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(988,584)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(1,052,970)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(309,930)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;115,311</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">Others financial items, net</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Foreign exchange and monetary variation, net</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;283,350</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,228,004</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;461,145</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">23,531</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Gains and (losses) on exchange derivatives (*)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(7,151)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(133,659)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(25,745)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(12,494)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;276,199</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">1,094,345</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;435,400</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">11,037</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Financial income (expenses), net</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;302,365</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;677,011</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(235,883)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;256,298</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">(*) Statement of gains and (losses) on derivative transactions (note 15)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">Exchange rate swap CDI x Dollar&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(7,151)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">(133,659)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(25,745)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;(12,494)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(7,151)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(133,659)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(25,745)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(12,494)</TD></TR>
  </TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">29.</TD><TD STYLE="text-align: justify">SEGMENT INFORMATION</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The financial information related to the business segments did not
change in relation was disclosed in the Company's financial statements on December 31, 2020. Therefore, Management decided not to repeat
it in this condensed interim financial information.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 14.2pt"><FONT STYLE="font-family: Symbol; font-weight: normal">&middot;</FONT></TD><TD STYLE="text-align: justify">Results by segment</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">For the purpose of preparing and presenting the information by business
segment, Management decided to maintain the proportional consolidation of the joint ventures as historically presented. For purposes of
reconciliation of the consolidated result, the amounts recorded by these companies are not included in the &quot;Corporate expenses/elimination&quot;
column.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="text-align: right; font-family: Arial, sans-serif"><B>Nine months ended</B></TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; width: 28%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 7%">09/30/2021</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">P&amp;L</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Steel</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Mining&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top-color: Black; border-top-width: 0.5pt; text-align: center">Logistics</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Energy</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Cement</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Corporate expenses/elimination</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Consolidated</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Port</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Railroads</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Net revenues</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Domestic market</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;16,434,208</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,666,413</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;225,332</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,395,521</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">175,986</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,007,460</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(4,127,453)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;17,777,467</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Foreign market</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6,009,455</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;12,975,586</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">788,566</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;19,773,607</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Cost of sales and services (note 26)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(14,985,211)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(6,037,086)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(160,353)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(923,770)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(107,292)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(624,073)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,606,387</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(19,231,398)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Gross profit</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;7,458,452</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;9,604,913</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;64,979</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;471,751</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;68,694</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">383,387</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">267,500</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;18,319,676</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">General and administrative expenses (note 26)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(834,843)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(265,122)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(26,196)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(92,653)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(23,616)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(118,544)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(784,177)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(2,145,151)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Other operating (income) expenses, net (note 27)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(406,069)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(208,629)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,736)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;44,147</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,420)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(39,288)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,239,920</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,626,925</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Equity in results of affiliated companies (note 11)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">163,555</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">163,555</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Operating result before Financial Income and Taxes</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;6,217,540</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;9,131,162</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;37,047</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;423,245</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;43,658</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">225,555</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,886,798</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;17,965,005</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Sales by geographic area</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Asia</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;10,506,640</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">788,566</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;11,295,206</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">North America</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,214,905</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,214,905</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Latin America</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;402,472</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">402,472</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Europe</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,392,078</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,468,946</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6,861,024</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Foreign market</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;6,009,455</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;12,975,586</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">788,566</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;19,773,607</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Domestic market</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;16,434,208</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;2,666,413</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;225,332</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;1,395,521</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">175,986</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;1,007,460</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(4,127,453)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;17,777,467</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;22,443,663</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;15,641,999</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;225,332</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,395,521</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">175,986</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,007,460</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(3,338,887)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;37,551,074</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="text-align: right; font-family: Arial, sans-serif"><B>Three months ended</B></TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">P&amp;L</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Steel</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Mining&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: center">Logistics</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Energy</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Cement</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Corporate expenses/elimination</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Consolidated</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Port</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Railroads</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Net revenues</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Domestic market</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;5,508,200</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;970,763</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;69,794</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;508,208</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;66,298</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">387,259</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,490,651)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6,019,871</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Foreign market</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,118,450</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,832,952</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">274,900</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,226,302</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Cost of sales and services</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(4,735,813)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,883,465)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(52,853)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(325,187)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(37,724)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(228,718)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,322,238</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(5,941,522)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Gross profit</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;2,890,837</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;920,250</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;16,941</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;183,021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;28,574</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">158,541</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">106,487</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;4,304,651</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">General and administrative expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(302,141)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(69,738)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(6,562)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(33,513)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(8,573)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(60,648)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(281,293)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(762,468)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Other operating (income) expenses, net (note 27)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(97,136)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;249,074</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,022</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;55,487</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(480)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(14,385)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(151,391)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">42,191</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Equity in results of affiliated companies (note 11)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;94,989</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">94,989</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Operating result before Financial Income and Taxes</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;2,491,560</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,099,586</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;11,401</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;204,995</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;19,521</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;83,508</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(231,208)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;3,679,363</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: center">Sales by geographic area</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Asia</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;848,061</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">274,900</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,122,961</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">North America</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;502,258</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">502,258</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Latin America</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;126,789</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">126,789</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Europe</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,489,403</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;984,891</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,474,294</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Foreign market</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;2,118,450</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;1,832,952</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">274,900</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;4,226,302</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Domestic market</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;5,508,200</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;970,763</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;69,794</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;508,208</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;66,298</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">387,259</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(1,490,651)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;6,019,871</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;7,626,650</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;2,803,715</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;69,794</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;508,208</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;66,298</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">387,259</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(1,215,751)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;10,246,173</TD></TR>
  </TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 74 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->72<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="text-align: right; font-family: Arial, sans-serif"><B>Nine months ended</B></TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 28%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 9%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 7%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right; width: 7%">09/30/2020</TD></TR>
  <TR>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">P&amp;L</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Steel</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Mining&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top-color: Black; border-top-width: 0.5pt; text-align: center">Logistics</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Energy</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Cement</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Corporate expenses/elimination</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Consolidated</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Port</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Railroads</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Net revenues</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Domestic market</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;7,934,124</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,038,302</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;206,994</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,081,890</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">119,825</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">576,713</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(2,236,519)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;8,721,329</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Foreign market</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,617,704</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;7,156,544</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">774,342</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;11,548,590</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Cost of sales and services (note 26)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(10,368,800)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(3,480,674)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(138,641)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(803,803)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(96,441)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(475,567)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,835,028</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(13,528,898)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Gross profit</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;1,183,028</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;4,714,172</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;68,353</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;278,087</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;23,384</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">101,146</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">372,851</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;6,741,021</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">General and administrative expenses (note 26)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(673,351)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(134,081)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(27,454)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(82,456)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(22,697)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(64,508)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(763,450)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,767,997)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Other operating (income) expenses, net (note 27)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(248,771)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(482,972)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(4,362)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(15,644)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,126)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(29,236)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,391,786)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(2,173,897)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Equity in results of affiliated companies (note 11)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;9,216</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;9,216</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Operating result before Financial Income and Taxes</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;260,906</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;4,097,119</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;36,537</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;179,987</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(439)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;7,402</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(1,773,169)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;2,808,343</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Sales by geographic area</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Asia</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;4,798,450</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">774,342</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;5,572,792</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">North America</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;787,962</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">787,962</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Latin America</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;171,176</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">171,176</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Europe</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,654,220</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,358,094</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;5,012,314</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Others</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;4,346</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;4,346</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Foreign market</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;3,617,704</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;7,156,544</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">774,342</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;11,548,590</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Domestic market</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;7,934,124</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;1,038,302</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;206,994</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;1,081,890</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">119,825</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">576,713</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">(2,236,519)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;8,721,329</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;11,551,828</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;8,194,846</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;206,994</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;1,081,890</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">119,825</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">576,713</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(1,462,177)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;20,269,919</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;</TD>
    <TD COLSPAN="15" STYLE="text-align: right; font-family: Arial, sans-serif"><B>Three months ended</B></TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2020</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Steel</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Mining&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: center">Logistics</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Energy</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Cement</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-top: Black 0.5pt solid; border-bottom: black 0.5pt solid; text-align: center">Corporate expenses/elimination</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD ROWSPAN="2" STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: black 0.5pt solid; text-align: center; border-top-color: Black; border-top-width: 0.5pt">Consolidated</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Port</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">Railroads</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Net revenues</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Domestic market</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,299,219</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;429,353</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;57,822</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;417,567</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;40,051</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">258,819</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(877,506)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,625,325</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; text-align: left">Foreign market</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,270,971</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;3,431,678</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">386,609</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;5,089,258</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Cost of sales and services</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(4,022,102)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,290,579)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(38,032)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(273,156)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(34,005)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(169,611)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">694,359</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(5,133,126)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Gross profit</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;548,088</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;2,570,452</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;19,790</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;144,411</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;6,046</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;89,208</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">203,462</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;3,581,457</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">General and administrative expenses</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(231,187)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(43,765)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(8,747)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(29,391)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(7,612)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(20,706)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(389,710)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(731,118)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Other operating (income) expenses, net (note 27)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(142,012)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(211,874)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(1,521)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(3,805)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(395)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(17,775)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(339,486)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(716,868)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">Equity in results of affiliated companies (note 11)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;25,970</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">25,970</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Operating result before Financial Income and Taxes</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;174,889</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;2,314,813</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;9,522</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;111,215</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(1,961)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;50,727</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(499,764)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;2,159,441</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">Sales by geographic area</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Asia</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,407,085</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">386,609</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;2,793,694</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">North America</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;290,529</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">290,529</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Latin America</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;91,730</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">91,730</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">Europe</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;887,375</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,024,593</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,911,968</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Others</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;1,337</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;1,337</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Foreign market</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;1,270,971</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;3,431,678</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">386,609</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;5,089,258</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Domestic market</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;3,299,219</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;429,353</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;57,822</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;417,567</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;40,051</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">258,819</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;(877,506)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;3,625,325</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">Total</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;4,570,190</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;3,861,031</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;57,822</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;417,567</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;40,051</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">258,819</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;(490,897)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;8,714,583</TD></TR>
  </TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">30.</TD><TD STYLE="text-align: justify">INSURANCE</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">In order to adequately mitigate risks and in view of the nature
of its operations, the Company and its Subsidiaries contract several different types of insurance policy. The policies are taken out in
line with the Risk Management policy and are similar to the insurance taken out by other companies in the same industry in which CSN and
its subsidiaries operate. The coverage of these policies includes: National Transport, International Transport, Life and Personal Accident
Insurance, Health, Vehicle Fleet, D&amp;O (Administrators Liability Insurance), General Liability, Engineering Risks, Named Risks, Export
Credit, Insurance Warranty and Civil Liability Port Operator.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">In 2021, after negotiations with insurers and reinsurers in Brazil
and abroad, an Operational Risk Insurance Policy for Property Damage and Business Interruption was issued, effective from June 30, 2021
to June 30, 2022. Under the policy, the Maximum Indemnity Limit is US$ 600 million and the deductible is US $ 385 million for material
damages and 45 days for loss of profits, covering the following units and subsidiaries of the Company: Usina Presidente Vargas, CSN Minera&ccedil;&atilde;o
SA and Sepetiba Tecon.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


<!-- Field: Page; Sequence: 75 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->73<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The risk assumptions adopted, given their nature, are not part of
the scope of an audit of the financial statements, and consequently were not examined by our independent auditors.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">31.</TD><TD STYLE="text-align: justify">ADDITIONAL INFORMATION TO CASH FLOWS</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 0 18pt; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">The following table presents additional information on transactions
related to the statement of cash flows:</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; width: 49%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 12%">Consolidated</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 12%">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; width: 1%">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; width: 12%">Parent Company</TD></TR>
  <TR>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2020</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2021</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">09/30/2020</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Income tax and social contribution paid&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,943,877</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">318,606</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Addition to PP&amp;E with interest capitalization (notes 12 and 28)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">60,996</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">68,945</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">18,007</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">22,094</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Remeasurement and addition &ndash; Right of use (note 12 i)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">145,845</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">70,381</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(760)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">8,806</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Addition to PP&amp;E without adding cash</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">69,789</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">60,075</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">Capitalization in subsidiaries without cash</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">95,215</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">148,732</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font-family: Arial, sans-serif">Addition to investment property without cash effect</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">61,597</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">61,597</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">&nbsp;2,220,507</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">674,819</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">17,247</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">241,229</TD></TR>
  </TABLE>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt">32.</TD><TD STYLE="text-align: justify">COMPREHENSIVE INCOME STATEMENT</TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; border-bottom: Black 0.5pt solid">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;Consolidated&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;Nine months ended&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; text-align: right">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="border-bottom: Black 0.5pt solid; font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;Three months ended&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2020</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2020</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;Profit/(Loss) for the period&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">12,534,625</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;395,786</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">1,324,652</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">1,261,595</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;Other comprehensive income&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 1%; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Items that will not be subsequently reclassified to the statement of income</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;Actuarial gains/(losses) over pension plan of subsidiaries, net of taxes&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">87</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">97</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">32</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">34</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">87</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;97</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">32</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">34</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 1%; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Items that could be subsequently reclassified to the statement of income</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;Cumulative translation adjustments for the year</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(18,060)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;649,335</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">174,408</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">135,882</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;(Loss)/gain on the percentage change in investments&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6,243</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,631</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">(Loss)/gain on hedge of net investment in foreign operations.&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,469</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;(Loss)/gain cash flow hedge, net of taxes&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(302,649)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(7,499,721)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(998,799)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(834,789)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;Cash flow hedge reclassified to income upon realization, net of taxes&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">317,472</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,590,357</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">65,222</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">450,676</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;Cash flow hedge accounting - &quot;Platts&quot; reclassified to income upon realization, net of taxes&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">18,300</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(204,435)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;(Loss)/gain cash flow hedge accounting&ndash;&ldquo;Platts&rdquo;&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(17,755)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">177,858</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;Treasury shares acquired by subsidiary&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(180,819)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(180,819)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;(183,511)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">(5,252,317)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;(966,565)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;(246,600)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(183,424)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(5,252,220)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(966,533)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(246,566)</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;Comprehensive income for the year&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">12,351,201</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(4,856,434)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">358,119</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,015,029</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;Attributable to:&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;Controlling shareholders&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">11,211,161</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(5,177,817)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">228,122</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">843,512</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif">&nbsp;Earnings attributable to the non-controlling interests&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,140,040</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;321,383</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">129,997</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">171,517</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">12,351,201</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(4,856,434)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">358,119</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">1,015,029</TD></TR>
  </TABLE>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0; text-align: justify"></P>


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    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
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<TABLE BORDER="0" CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; border-collapse: collapse; font-size: 8pt">
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font: 10pt Arial; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;Parent Company&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Nine months ended&nbsp;</TD>
    <TD STYLE="font: 11pt Calibri, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: center">&nbsp;Three months ended&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: center">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2020</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2021</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-bottom: Black 0.5pt solid; text-align: right; border-top-color: Black; border-top-width: 0.5pt">09/30/2020</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle">&nbsp;Profit/(Loss) for the period&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">11,355,323</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right; border-top-color: Black; border-top-width: 0.5pt">&nbsp;65,113</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">1,149,537</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">1,080,786</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;Other comprehensive income&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 1%; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Items that will not be subsequently reclassified to the statement of income</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;Actuarial gains/(losses) over pension plan of subsidiaries, net of taxes&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">77</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;89</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">28</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">28</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">77</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;89</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">28</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">28</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 1%; font-weight: bold; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">Items that could be subsequently reclassified to the statement of income</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;Cumulative translation adjustments for the year</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(18,060)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;649,335</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">174,408</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">135,882</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;(Loss)/gain on the percentage change in investments&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;6,243</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">1,631</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;(Loss)/ gain in cash flow hedge from investments in subsidiaries&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;1,469</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;(Loss)/gain cash flow hedge, net of taxes&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(302,649)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">(7,316,513)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(998,799)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(651,581)</TD></TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;Cash flow hedge reclassified to income upon realization, net of taxes&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">317,472</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;1,481,672</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">65,222</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">341,991</TD></TR>
  <TR STYLE="background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;(Loss)/gain cash flow hedge accounting&ndash;&ldquo;Platts&rdquo;in subsidiaries, net of taxes&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: right">&nbsp;477</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(20,795)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    </TR>
  <TR>
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;Cash flow hedge accounting - &quot;Platts&quot; reclassified to income upon realization, net of taxes&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">(65,225)</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; vertical-align: middle; text-align: right">&nbsp;(65,225)</TD>
    </TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="padding-left: 2%; font-family: Arial, sans-serif; vertical-align: bottom; text-align: left">&nbsp;Treasury shares acquired by subsidiary - reflex</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(141,479)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right"></TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;(141,479)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;(144,239)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">(5,243,019)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;(921,443)</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; text-align: right">&nbsp;(237,302)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: left">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(144,162)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">(5,242,930)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(921,415)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 0.5pt solid; text-align: right">&nbsp;(237,274)</TD></TR>
  <TR STYLE="vertical-align: middle; background-color: #DCE6F1">
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: middle">
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif">&nbsp;Comprehensive income for the year&nbsp;</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">11,211,161</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">(5,177,817)</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">228,122</TD>
    <TD STYLE="font-family: Arial, sans-serif; text-align: right">&nbsp;</TD>
    <TD STYLE="font-weight: bold; font-family: Arial, sans-serif; border-top: Black 0.5pt solid; border-bottom: Black 2pt double; text-align: right">843,512</TD></TR>
  </TABLE>

<P STYLE="font: 10pt Arial,sans-serif; margin: 0; text-align: justify"></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 9pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 17.85pt"><B>33.</B></TD><TD STYLE="text-align: justify"><B>SUBSEQUENT EVENTS</B></TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>Parent company</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 9pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 9pt"><B>-Debentures Issue</B></FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">On October 19, 2021, the Company approved its eleventh issue of
simple debentures, not convertible into shares, unsecured, in a single series, in the total amount of R$1.5 billion, which will be subject
to a public offering with restricted placement efforts. The maturity of the Debentures will be seven years as of the issue date, with
equal maturities in the 6th and 7th year. The total amount of the issue will bear interest corresponding to CDI + 1.65% p.a.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>Consolidated</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Arial,sans-serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 18pt"></TD><TD STYLE="width: 18pt"><FONT STYLE="font-family: Symbol; font-size: 9pt">&middot;</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 9pt"><B>-Repurchase of shares </B></FONT></TD></TR></TABLE>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">During the month of October 2021, the subsidiary CSN Minera&ccedil;&atilde;o
S.A. repurchased 22,748,800 common shares, with an average price of R$6.3498 per share, in the total amount of R$144,451, within the share
buyback program approved on March 24, 2021.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 9pt Arial-BoldMT; margin: 0; text-align: justify"><B>Independent Auditor&#8217;s Report on the Financial Information</B></P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 14.2pt"><FONT STYLE="font-weight: normal">(Free translation from the original issued
in Portuguese. In the event of any discrepancies, the Portuguese language version shall prevail.)</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">To the Shareholders, Directors and Management of</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 0">Companhia Sider&uacute;rgica Nacional</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 16pt; text-align: justify">S&atilde;o Paulo - SP</P>

<P STYLE="font: bold 12pt Arial,sans-serif; margin: 16pt 0 6pt; text-align: justify; color: #4F2C7E">Introduction</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 6pt 0; text-align: justify">We have reviewed the accompanying individual and consolidated
interim financial information of Companhia Sider&uacute;rgica Nacional (&#8220;Company&#8221;), included in the Interim Financial Information
Form (ITR) for the quarter ended September 30, 2021, which comprises the balance sheet as of September 30, 2021 and the related statement
of profit and loss and statement of comprehensive income (loss) for the three and nine-month periods then ended, and the changes in equity
and statement of cash flows for the<BR>
nine-month period then ended, including a summary of significant accounting policies and other explanatory notes.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 6pt 0; text-align: justify">Management is responsible for the preparation of the individual
and consolidated interim financial information in accordance with Technical Pronouncement NBC TG 21 (R1) - Interim Financial Reporting
and IAS 34 - Interim Financial Reporting, issued by the International Accounting Standards Board (IASB), as well as for the presentation
of such information in accordance with the standards issued by the Brazilian Securities and Exchange Commission (CVM) applicable to the
preparation of Interim Financial Information (ITR). Our responsibility is to express a conclusion on this interim financial information
based on our review.</P>

<P STYLE="font: bold 12pt Arial,sans-serif; margin: 16pt 0 6pt; text-align: justify; color: #4F2C7E">Scope of review</P>

<P STYLE="font: 10pt Arial,sans-serif; margin: 6pt 0; text-align: justify"><B>We conducted our review in accordance with Brazilian and
international standards on review of interim financial information (NBC TR 2410 - Review of Interim Financial Information Performed by
the Independent Auditor of the Entity and ISRE 2410 - Review of Interim Financial Information Performed by the Independent Auditor of
the Entity, respectively). A review of interim financial information consists of making inquiries, primarily of persons responsible for
financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an
audit conducted in accordance with the standards on auditing and consequently does not enable us to obtain assurance that we would become
aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.</B></P>

<P STYLE="font: bold 12pt Arial,sans-serif; margin: 16pt 0 6pt; text-align: justify; color: #4F2C7E">Conclusion on the individual and
consolidated interim financial information</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 6pt 0; text-align: justify">Based on our review, nothing has come to our attention that
causes us to believe that the accompanying individual and consolidated interim financial information included in the Interim Financial
Information Form (ITR) referred to above is not prepared, in all material respects, in accordance with NBC TG 21 and IAS 34 applicable
to the preparation of interim financial information and presented in accordance with the standards issued by the Brazilian Securities
and Exchange Commission (CVM).</P>

<P STYLE="font: bold 12pt Arial,sans-serif; margin: 16pt 0 6pt; text-align: justify; color: #4F2C7E">Emphasis of matter</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 6pt 0; color: #4F2C7E">Ability of the jointly-controlled subsidiary Transnordestina
Log&iacute;stica S.A. to continue as a going concern</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 6pt 0; text-align: justify">We draw attention to note 11.f) to the interim financial information,
which describes the percentage of completion of the new railway network by the jointly-controlled subsidiary Transnordestina Log&iacute;stica
S.A. (TLSA), currently under construction and originally scheduled to be completed by January 2017, is currently being revised and discussed
by the relevant regulatory bodies. The completion of the work under the project (and consequent start of operations) is contingent upon
receiving ongoing financial contribution from TLSA&acute;s shareholders and third parties. These events and conditions, together with
other issues described in note 11.f) to the interim financial information, indicate the existence of significant uncertainty that may
raise significant doubt as to TLSA&acute;s ability to continue as a going concern. Our conclusion is not qualified regarding this matter.</P>


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    <!-- Field: /Page -->

<P STYLE="font: bold 12pt Arial,sans-serif; margin: 16pt 0 6pt; text-align: justify; color: #4F2C7E">Other matters</P>

<P STYLE="font: bold 9pt Arial,sans-serif; margin: 7.15pt 0 6pt; color: #4F2C7E">Interim statement of value added</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 16pt; text-align: justify">The quarterly information referred to above includes the
individual and consolidated statements of value added for the period of nine months ended September 30, 2021, prepared under the responsibility
of the Company's management and presented as supplementary information for the purposes of IAS 34. These statements were submitted to
the same review procedures in conjunction with the review of the Company's interim financial information in the order to conclude they
are reconciliated to the interim financial information and to the accounting records, as applicable, and whether the structure and content
are in accordance with the criteria established in the NBC TG 09 - Statement of Value Added. Based on our review, nothing has come to
our attention that causes us to believe that the accompanying statements of value added were not prepared, in all material respects, in
accordance with the individual and consolidated interim financial information taken as a whole.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">S&atilde;o Paulo, November 03, 2021</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 16pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Nelson Fernandes Barreto Filho</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 16pt; text-align: justify">Assurance Partner</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 5.7pt 0 0; text-align: justify">Grant Thornton Auditores Independentes</P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 14.2pt"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 7pt Arial,sans-serif; margin: 0 0 14.2pt"><FONT STYLE="font-weight: normal">&nbsp;</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0 0 6pt 18pt; text-indent: -18pt; background-color: white">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>Opinions and Statements / Officers Statement on the Financial
Statement</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">As Executive Officers of Companhia Sider&uacute;rgica Nacional,
we declare pursuant to Article 25, paragraph 1&ordm;, item VI of CVM Instruction 480, of December 7, 2009, as amended, that we reviewed,
discussed and agreed with the Company&#8217;s Financial Statements for the quarter ended September 30, 2021.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial,sans-serif">S&atilde;o Paulo,
Nov 3</FONT><FONT STYLE="color: #333333"><SUP>th</SUP></FONT><FONT STYLE="font-family: Arial,sans-serif">, 2021.</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; color: #333333">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">____________________________________________</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Benjamin Steinbruch</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">CEO</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; color: #333333">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">____________________________________________</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Luis Fernando Barbosa Martinez</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Executive Officer</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; color: #333333">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; color: #333333">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; color: #333333">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">____________________________________________</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">David Moise Salama</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Executive Officer</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; color: #333333">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; color: #333333">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">____________________________________________</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Eduardo Guardiano Leme Gotilla</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Executive Officer</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; color: #333333">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; color: #333333">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">____________________________________________</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Marcelo Cunha Ribeiro</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0">Executive Officer &#8211; CFO and Investors Relations</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">____________________________________________</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Milton Picinini Filho</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Executive Officer</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Calibri,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">____________________________________________</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Stephan Heinz Josef Victor Weber</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Executive Officer</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>


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<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>Opinions and Statements / Officers Statement on Auditor&#8217;s
Report</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">As Executive Officers of Companhia Sider&uacute;rgica Nacional,
we declare pursuant to Article 25, paragraph 1&ordm;, item V of CVM Instruction 480, of December 7, 2009, as amended, that we reviewed,
discussed and agreed with the opinion expressed on the Independent Auditors&#8217; Report related to the Company&#8217;s Financial Statements
for the quarter ended September 30, 2021.</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Times New Roman,serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Arial,sans-serif">S&atilde;o Paulo,
Nov 3</FONT><FONT STYLE="color: #333333"><SUP>th</SUP></FONT><FONT STYLE="font-family: Arial,sans-serif">, 2021.</FONT></P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">____________________________________________</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Benjamin Steinbruch</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">CEO</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">____________________________________________</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Luis Fernando Barbosa Martinez</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Executive Officer</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; color: #333333">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; color: #333333">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">____________________________________________</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">David Moise Salama</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Executive Officer</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; color: #333333">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; color: #333333">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">____________________________________________</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Eduardo Guardiano Leme Gotilla</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Executive Officer</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; color: #333333">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify; color: #333333">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">____________________________________________</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Marcelo Cunha Ribeiro</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0">Executive Officer &#8211; CFO and Investors Relations</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">____________________________________________</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Milton Picinini Filho</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Executive Officer</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt Calibri,sans-serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">____________________________________________</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Stephan Heinz Josef Victor Weber</P>

<P STYLE="font: 9pt Arial,sans-serif; margin: 0; text-align: justify">Executive Officer</P>

<P STYLE="font: 12pt Times New Roman,serif; margin: 0; text-align: justify">&nbsp;</P>

<!-- Field: Page; Sequence: 81 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Gray 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center; width: 100%"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->79<!-- Field: /Sequence -->&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="width: 90%"><P STYLE="font: 8pt Arial,sans-serif; margin: 0"><B>(CONVENIENCE TRANSLATION INTO ENGLISH FROM THE ORIGINAL PREVIOUSLY ISSUED IN PORTUGUESE) </B></P></TD><TD STYLE="text-align: center; width: 10%">&nbsp;</TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">Quarterly Financial Information &ndash; September 30, 2021 &ndash; CIA SIDERURGICA NACIONAL</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center"><P STYLE="text-align: right; font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Version: 1</P></TD></TR><TR><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif">&nbsp;</TD><TD STYLE="font: 8pt Arial, Helvetica, Sans-Serif; text-align: center">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->



<DIV align=center><FONT color=#000000 size=3 face="Times New Roman">SIGNATURE </FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV style="TEXT-INDENT: 4%"><FONT color=#000000 size=3 face="Times New Roman">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. </FONT></DIV>

<DIV style="TEXT-INDENT: 4%"><FONT color=#000000 size=3 face="Times New Roman">Date:&nbsp;January 20, 2022</FONT></DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center>

<TABLE style="WIDTH: 50%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD vAlign=top width="50%" colSpan=2>

   <DIV align=left><FONT color=#000000 size=3 face="Times New Roman">COMPANHIA SIDER&#218;RGICA NACIONAL </FONT></DIV></TD></TR>

<TR height=20>

   <TD vAlign=top width="50%" colSpan=2>

   <DIV align=left><FONT color=#000000 size=3 face="Times New Roman"></FONT></DIV></TD></TR>

<TR>

   <TD vAlign=top width="5%">

   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman">By:</FONT></DIV></TD>

   <TD vAlign=bottom width="45%" align=center>

   <DIV align=center><FONT color=#000000 size=2 face="Times New Roman">/<SMALL>S</SMALL>/&nbsp;Benjamin Steinbruch </FONT></DIV>

   <HR align=left color=#000000 SIZE=1 noShade>

</TD></TR>

<TR>

   <TD width="5%"><FONT size=1>&nbsp;</FONT></TD>

   <TD vAlign=bottom width="45%" align=center>

   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman"><B>Benjamin Steinbruch </B></FONT></DIV>

   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman"><B>Chief Executive Officer <BR><BR></B></FONT></DIV></TD></TR></TABLE></DIV>

<P>&nbsp;</P>

<DIV align=center>

<TABLE style="WIDTH: 50%" cellSpacing=0 cellPadding=0 align=center border=0>



<TR>

   <TD vAlign=top width="50%" colSpan=2>

   <DIV align=left>&nbsp;</DIV></TD></TR>

<TR height=20>

   <TD vAlign=top width="50%" colSpan=2>

   <DIV align=left><FONT color=#000000 size=3 face="Times New Roman"></FONT></DIV></TD></TR>

<TR>

   <TD vAlign=top width="5%">

   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman">By:</FONT></DIV></TD>

   <TD vAlign=bottom width="45%" align=center>

   <DIV align=center><FONT color=#000000 size=2 face="Times New Roman">/<SMALL>S</SMALL>/&nbsp;Marcelo Cunha Ribeiro </FONT></DIV>

   <HR align=left color=#000000 SIZE=1 noShade>

</TD></TR>

<TR>

   <TD width="5%"><FONT size=1>&nbsp;</FONT></TD>

   <TD vAlign=bottom width="45%" align=center>

   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman"><B>Marcelo Cunha Ribeiro </B></FONT></DIV>

   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman"><B>Chief Financial and Investor Relations Officer<BR><BR></B></FONT></DIV></TD></TR></TABLE></DIV>

<DIV>&nbsp;</DIV>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<P>&nbsp;</P>

<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>FORWARD-LOOKING STATEMENTS </B></FONT></DIV>

<P align=justify><FONT size=2 face="Times New Roman, Times, Serif">This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. </FONT></P>

<HR align=left color=#000000 SIZE=2 noShade>



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</SEC-DOCUMENT>
