Company Profile For Gerdau S.A.

Gerdau S.A. (Gerdau) is a producer of long rolled steel. Gerdau operates steel mills that produce steel by direct iron-ore reduction (DRI) in blast furnaces and in electric arc furnaces (EAF). In Brazil, it operates three blast furnace steel mills, including its mill, Gerdau Acominas, an integrated steel mill located in Ouro Branco in the state of Minas Gerais. As of December 31, 2008, the Company had a total of 60 steel producing units globally, including joint ventures and associated companies. The joint ventures include a unit located in the United States for the production of flat rolled steel and another unit in India. The associated companies are Aceros Corsa in Mexico; Corporacion Centroamericana del Acero in Guatemala, and INCA in the Dominican Republic. In July 2008, the Company acquired a 50.9% stake in the Cleary Holdings Corp, which controls a metallurgical coke producer and coking coal reserves in Colombia.

BRIEF: For the nine months ended 30 September 2009, Gerdau SA's total revenue decreased 38% to R$20.18B. Net income for the period decreased 90% to R$375.4M. Total revenue reflects a decrease in demand for the Company's products, mainly in Brazil, North America, Latin America and Special Steel business segments. Net income suffered from higher other operating expense as well as the presence of loss from equity in affiliates investment.