(Free Translation: For reference only Original in Portuguese)

USINAS SIDERRGICAS DE MINAS GERAIS S/A USIMINAS

CNPJ/MF 60.894.730/0001-05
NIRE 313.000.1360-0
Publicly Traded Company

Minutes of the Ordinary Meeting of the Board of Directors of Usinas Siderrgicas de Minas
Gerais S/A - USIMINAS, held at the Companys office, in So Paulo/SP, Av. do Caf, 277,
Tower A, 9th floor, Jabaquara, on January 26th, 2017, at 9AM.

Board Members Participants Elias de Matos Brito, Chairman; Yoichi Furuta, Wanderley
Rezende de Souza, Nobuhiko Takamatsu, Oscar Montero Martinez, Guilherme Poggiali
Almeida, Rita Rebelo Horta de Assis Fonseca, Gesner Jos Oliveira Filho, Ricardo Antonio
Weiss, Francisco Augusto da Costa e Silva (through teleconference) and Luiz Carlos de
Miranda Faria. Secretary-General Bruno Lage de Arajo Paulino.

The preparation of the minutes in summary form, pursuant to article 130, 1 st paragraph of
the Brazilian Corporate Law with article 14, 8 th paragraph of the Bylaws, was unanimously
approved.

Agenda:

Items for Approval

I - Hiring of the Independent Audit Firm and Independent Audit Plan for 2017 - The
Board, pursuant to the recommendation of the Audit Committee and the item s of article
13 of the Companys Bylaws, unanimously approved (i) the hiring of the Independent Audit
firm PricewaterhouseCoopers Auditores Independentes (PwC) for the period until the
conclusion of the Financial Statements related to the year 2021, including the tax consulting
service; and (ii) the Independent Audit Plan for 2017 from PWC, all in accordance with the
material available at the Board Portal.