Gerdau S.A. approved the distribution of dividends in the amount of BRL 682.1 million (BRL 0.40 per share), to be paid as an advance on the minimum mandatory dividend for 2021, as stipulated in the Bylaws. Record date is on May 14, 2021. Ex-dividend date is on May 17, 2021. Payment date is on May 26, 2021.