Agreements adopted in the General Shareholders Meeting of Acerinox, S.A.

The General Shareholders Meeting, held on June 5th, 2012, with an attendance quorum of 72% adopted, among others, the following agreements:

1.    Approval of the Annual Accounts and the Directors’ Report of Acerinox Consolidated Group that obtained a result after taxes and minorities of -18 million euros.

2.    Application of the results after taxes obtained by Acerinox, S.A. amounting to -24.1 million euros.  
     * PROFIT AFTER TAXES 2012           - 24,088,921 €
     * ISSUE PREMIUM                            24.930.455 €
     * DIVIDENDS                                  24.930.455 €
      * NEGATIVE RESULTS OF         
        PREVIOUS YEARS                        -24.088.921 €    

3.    Increase the company´s capital with a charge to reserves, by issuing new shares worth a nominal value of 0.25 euros per share. They will be of the same type and series which are currently in circulation (to execute a “scrip dividend”).

4.    Re-election of Mr. Diego Prado Pérez-Seoane as Domanial Board Director, representing Omega Capital.

5.    Re-election of Mr. Ryo Hattori as Domanial Board Director, representing Nisshin Steel.

6.    Appointment of KPMG Auditores, S.L. as accounts auditors to carry out the review and legal auditing of Acerinox, S.A. and Consolidated Group financial statements for the year 2013.