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    GGBR4   BRGGBRACNPR8

GERDAU S.A.

(GGBR4)
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Gerdau S A : MATERIAL FACT - Form 6-K

12/23/2021 | 06:07am EDT

MATERIAL FACT

Gerdau S.A., Metalúrgica Gerdau S.A. and Seiva S.A. - Florestas e Indústrias (collectively, the "Companies"), pursuant to CVM Resolution 44/2021, hereby announce to their shareholders and the market of the progress on lawsuit 0023102-98.1990.8.19.0001 filed by the Companies at the 14th Civil Court of Rio de Janeiro ("14th Civil Court"), claiming compensation for losses incurred with the Eletrobras Compulsory Loan ("ECE") after the most recent material fact notice disclosed on September 13, 2021:

a) The Companies were authorized on 10/18/2021 to raise R$ 422 million, considered "undisputed" by Eletrobras, which occurred on 10/29/2021;
b) On 10/28/2021, the Companies submitted a performance bond in the amount of R$1,049 million, which was accepted by the court and which approved the withdrawal of an equivalent amount of the judicial deposit on 11/30/2021;
c) On 12/21/2021, the entire amount of R$1,062 million was deposited in the accounts of the Companies in the proportion due to each of them; and
d) The Companies reiterate that the decision that fixed the amount in favor of the Gerdau group was upheld by courts at all levels in the State of Rio de Janeiro and the plea for its suspension was rejected by the Superior Court of Justice (STJ); with the focus now on the final execution of the final and unappealable judicially enforceable instrument, which cannot be annulled by the courts, only leaving open the possibility of appeals and other measures with remote chances of being heard, considering their frivolous nature.

As disclosed in note 15 to the Financial Statements dated September 30, 2021, of Gerdau S.A. and Metalúrgica Gerdau S.A., the Companies had already recognized in the 3rd quarter of 2021 a gain in results and assets, which jointly totaled approximately R$1.5 billion, including taxes and related costs/fees.

The Companies will keep their shareholders and the public informed of further developments on the subject.

São Paulo, December 22, 2021.

Harley Lorentz Scardoelli

Executive Vice-President

Investor Relations Officer

This content is Confidential.

Disclaimer

Gerdau SA published this content on 23 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 December 2021 11:06:11 UTC.


© Publicnow 2021
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Sales 2022 80 627 M 16 562 M 16 562 M
Net income 2022 12 036 M 2 472 M 2 472 M
Net Debt 2022 2 851 M 586 M 586 M
P/E ratio 2022 3,89x
Yield 2022 7,24%
Capitalization 44 365 M 9 113 M 9 113 M
EV / Sales 2022 0,59x
EV / Sales 2023 0,57x
Nbr of Employees 30 000
Free-Float 35,1%
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Mean consensus BUY
Number of Analysts 13
Last Close Price 27,96 BRL
Average target price 38,58 BRL
Spread / Average Target 38,0%
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Gustavo Werneck da Cunha Chief Executive Officer & Director
Rafael Dorneles Japur Executive Vice President-Finance
Guilherme Chagas Gerdau Johannpeter Chairman
André Bier Gerdau Johannpeter Co-Vice Chairman
Claudio Gerdau Johannpeter Co-Vice Chairman
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