ISSUE PREMIUM REFUND IN THE AMOUNT OF € 0.08

Today, the Board of Directors of Acerinox, S.A. has approved, among other agreements, an issue premium refund in the amount of Euro 0.08 per share(this quantity is the same than that refunded on October, 5th 2004), following the autorization granted by the General Shareholders Meeting held on June, 9th 2005. This refund will be paid on October, 5th.
Today, the Board of Directors of Acerinox, S.A. has approved, among other agreements, an issue premium refund in the amount of Euro 0.08 per share(this quantity is the same than that refunded on October, 5th 2004), following the autorization granted by the General Shareholders Meeting held on June, 9th 2005. This refund will be paid on October, 5th.