COMPANHIA SIDERÚRGICA NACIONAL

Publicly-Held Company

Corporate Taxpayer's ID (CNPJ/MF): 33.042.730/0001-04

Company Registry (NIRE): 35-3.0039609.0

MATERIAL FACT

Companhia Siderúrgica Nacional ("CSN" or "Company") hereby announces to its shareholders and the market in general projections adjustments, as follow:

(i)CSN expects to reach approximately 1.0x of Net Debt/ Adjusted EBITDA and R$15 billion of Net Debt at the end of fiscal year 2021.

These projections will be included, as applicable, in section 11 of the Company's Reference Form and will be available on the website of the CVM (http://www.cvm.gov.br/) and the Company (http://ri.csn.com.br/) within the legal term.

CSN points out that the information disclosed in this document represents an estimate and involves market factors beyond CSN's control. Therefore, it does not constitute a promise of performance by the Company and/or its Management and may be subject to change.

São Paulo, February 22, 2021

Marcelo Cunha Ribeiro

Chief Financial and Investor Relations Officer

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CSN - Companhia Siderúrgica Nacional published this content on 22 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 February 2021 02:05:07 UTC.