Results
Kit

View Usiminas' recent results.

Investor
Kit

Make your own kit. Select and download files of your choice.

QUOTES


File Text

ADVANCED TECHNOLOGY FOR PRODUCING STEEL AND IMPROVING PEOPLE'S LIVES
                             Usiminas Pays Interest on Capital

Belo Horizonte, December 17, 2004 ­ USIMINAS - Usinas Siderúrgicas de Minas
Gerais S/A [USIM3, USIM5,
USIM6, USNZY], leading company of the Usiminas System, Latin America's largest
steel producer and one of the
25 largest in the world, is pleased to announce that, pursuant to the decision
taken at yesterday's meeting of the
Board of Directors, it will pay to its shareholders the amount of R$124,003,462.46
(one hundred and twenty four
million, three thousand, four hundred and sixty two reais and forty six cents)
in the form of interest on capital for
fiscal year 2004, which will be counted as part of the minimum obligatory
dividend. The amount to be credited is
R$0.53880 per common share and R$0.59270 per preferred share.
The date of payment will be defined at the meeting of the Board of Directors
scheduled for February 24, 2005.

All shareholders listed in the Register on December 29, 2004 will be eligible
to receive payment, net of 15%
income tax withheld, except in the case of shareholders immune or exempt from
withholding under the pertinent
laws.

The shares will resume trading ex-interest on capital on December 30, 2004.




                                                                    ###


Usinas Siderúrgicas de Minas Gerais S/A ­ USIMINAS is an integrated steel
producer, with consolidated net revenues of R$ 8.7 billion in
2003. The USIMINAS System, made up of USIMINAS and Cosipa, has an annual
production capacity of 9.3 million tonnes of raw steel and
occupies a position of leadership in the domestic flat steel market in the
automobile industry, auto parts, agricultural and highway machinery
sectors, electrical and electronic equipment segments and large-diameter pipe
industry.



Contacts:                                        Bruno Seno Fusaro
Luciana Valadares dos Santos
                                                 brunofusaro@usiminas.com.br
                                                 lsantos@usiminas.com.br
www.usiminas.com.br
                                                 Douglas Lee Arnold
                                                 Matheus Perdigão Rosa
Tel: (55 31) 3499-8710                           darnold@usiminas.com.br
mprosa@usiminas.com.br