GERDAU S.A.

Corporate Taxpayer ID (CNPJ): 33.611.500/0001-19

Company Registry (NIRE): 35300520696

Publicly Held Company

MINUTES OF THE BOARD OF DIRECTORS MEETING HELD ON MAY 2, 2024, AT 10:30 A.M., AT THE REGISTERED OFFICE LOCATED AT AVENIDA DOUTORA RUTH CARDOSO, 8.501, 8º ANDAR, CONJUNTO 2, PINHEIROS, IN THE CITY AND STATE OF SÃO PAULO.

  1. The meeting was attended by all the directors of Gerdau S.A. ("Company"), pursuant to the Charter, and by the Audit Board, and was presided over by Guilherme Chagas Gerdau Johannpeter, with Rafael Lebensold acting as secretary.
  2. The Board of Directors unanimously approved the Interim Financial Information for the period ended March 31, 2024, included in the Quarterly Financial Report (ITR), as well as the Board of Executive Officers'  proposal dated April 30,
    2024 for crediting on May15, 2024 and paymentto

shareholders as from May 27, 2024, of dividends calculated at the rate of twenty-

eightcentavos (R$ 0.28) per common and preferred share on the records of the Transfer Agent fo r the Company's shares on the date of credit. For demonstration purposes, considering the outstanding shares on this date, the dividends amount to five hundred eighty-eight million, nine hundred ninety-five thousand, eight hundred forty-

six reais and fifty centavos (R$588,995,846.50) and constitute the advance payment of minimum mandatory dividends established in th e Bylaws for the current fiscal year. The dividend amount will be calculated once again based on the free float on the date of credit.

3. No other issue was addressed. Signatures: Presiding Board: Guilherme Chagas Gerdau Johannpeter (Chairman) and Rafael Lebensold (Secretary). Directors: Guilherme Chagas Gerdau Johannpeter (Chairman), André Bier Gerdau Johannpeter (Vice Chairman), Claudio Johannpeter (Vice Chairman), Gustavo

Werneck da Cunha, Claudia Sender Ramirez, Alberto Fernandes and Claudio Antonio Gonçalves (Directors).

Declaration:

This is a free translation of the original minutes filed in the company's records.

São Paulo, May 2, 2024.

Rafael Lebensold

Secretary

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Gerdau SA published this content on 02 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 May 2024 22:16:02 UTC.