Companhia Siderúrgica Nacional S A : Meeting Minutes Of The Board Of Directors

COMPANHIA SIDERÚRGICA NACIONAL

Publicly Held Company

Corporate Taxpayer's ID: 33.042.730/0001-04

NIRE: 35300396090

EXTRACT FROM THE MINUTES OF THE EXTRAORDINARY MEETING OF THE BOARD OF DIRECTORS OF COMPANHIA SIDERÚGICA NACIONAL HELD ON NOVEMBER 24, 2022, DRAWN UP IN SUMMARY FORM.

1.Date:	November 24, 2022.
2.Hour:	9:30 a.m.
3.Location:	Av. Brigadeiro Faria Lima, nº 3400 - 20th floor, São Paulo - SP.

4.Convocation: Waived in view of the presence of all members of the Board of Directors of Companhia Siderúrgica Nacional ("Company" or "Issuer").

5.Attendance: Benjamin Steinbruch (President), Antonio Bernardo Vieira Maia, Yoshiaki Nakano, Fabiam Franklin and Miguel Ethel Sobrinho - Councilors; Claudia Maria Sarti - Secretary General of the Board of Directors, and the meeting was held by telephone conference.

6.Treated Issues: 6.1 - Issuance of Debentures. The Board of Directors unanimously approved, pursuant to Article 19, item XXI, of the Company's Bylaws:

1. the provision of a guarantee in the form of bail, by the Company, in the context of the 1° (first) issuance of simple debentures, not convertible into shares, in a single series, unsecured, with additional fiduciary guarantee, of the State Electric Power Generation Company - CEEE-G, a non-publicly held company based in the city of Porto Alegre, State of Rio Grande do Sul, on Av. Joaquim Porto Villanova, 201, Building A1, 7th floor, room 723, Jardim Carvalho, CEP 91410- 400, registered in the National Registry of Legal Entities of the Ministry of Economy ("CNPJ/ME") under no. 39.881.421/0001-04 ("Debentures", "Issuance" and "Issuer", respectively), to be distributed publicly, with restricted distribution efforts, pursuant to CVM Instruction No. 476 of January 16, 2009, as amended ("Restricted Offer"), in favor of the holders of the Debentures ("Debentures"), to be formalized through the "Private Instrument of Deed of the 1st ( first) Issuance of Simple Debentures, Not Convertible into Shares, Unsecured, with Additional Fiduciary Guarantee, in Single Series, for Public Distribution, with Restricted Efforts of the State Electric Power Generation Company - CEEE-G" ("Deed of Issue") to be concluded between the Company, the Issuer and Vórtx Distribuidora de Títulos e Valores Mobiliários Ltda., registered with CNPJ/ME under no. 22.610. 500/0001-88 ("Fiduciary Agent"), to ensure the faithful, punctual and full fulfillment of the main and ancillary obligations assumed in the Deed of Issue, obliging in favor of the Debenture Holders, represented by the Fiduciary Agent, in an irrevocable nature, as well as to his successors to any securities, as guarantor and main payer, jointly responsible with the Issuer, for the total value of the obligations, the Issuer's principal or ancillary value provided for in the Deed of Issue, which includes: (i) the Nominal Unit Value (as defined in the Deed of Issue) or balance of the Nominal Unit Value, as the case may be, plus the

Remuneration (as defined in the Deed of Issue) and the Moratorium Charges (as defined in the Deed of Issuance), calculated in accordance with the Deed of Issuance (as defined in the Deed of Issuance) and/or provided for in the other documents emission; (ii) all accessories to the principal, including fees of the Fiduciary Agent and the expenses demonstrably incurred by the Fiduciary Agent or the Debenture Holders, including due to proceedings, procedures and/or other judicial or extrajudicial measures necessary to safeguard their rights and prerogatives arising from the Deed of Issuance and other documents of the Issue and its subsequent changes and indemnification amounts, when there is even full fulfillment of all obligations contained in this Deed and in the other documents of the Issue; and (iii) costs and expenses of the amounts relating to the payment (a) of the settlement agent; (b) the bookkeeper; and (c) of the B3, ANBIMA and CVM fees, as applicable ("Guaranteed Value" and "Bail", respectively);

1. authorization to the Company's Executive Board to perform any and all acts necessary to effect the resolutions of the item (a) above, such as, (i) discuss, negotiate and define the terms and conditions, as well as to enter into the Deed of Issuance, the Distribution Agreement (as defined in the Deed of Issuance) and any other documents and/or additions to the documents related to the Issue, restricted offer, debentures and bail, including the assumptions of early maturity in the issuance and restricted offer documents; and (ii) establish additional conditions, perform all necessary acts and sign all documents required for the above deliberations. The acts that may have already been performed by the Executive Board and other legal representatives of the Company are ratified, in accordance with the above resolutions.
2. authorization to the Company's Board of Directors to guide the vote of the subsidiary Companhia Florestal do Brasil at the Extraordinary General Meeting of CEEE-G to be held on this date, in order to approve the issuance of debentures in the above terms.

7.Closure: Nothing else to deal with, the meeting was ended, the minutes of which after read and found compliant, was signed by all present.

I attest that the deliberations transcribed here in this place are faithful to the original of the minutes filed at the Company's Headquarters.

São Paulo, December 05, 2022.

Claudia Maria Sarti

General Secretary of the Board of Directors