Usiminas Sede

Rua Prof. Jos Vieira de Mendona, 3.011

Engenho Nogueira
31310-260 Belo Horizonte, MG
T 55 31 3499-8000
F 55 31 3499-8899
www.usiminas.com

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 B, 9th floor, Jabaquara, on February 25th, 2015, at 10:00AM.
Board Members Participants Paulo Penido Pinto Marques, Chairman; Fumihiko
Wada, Eiji Hashimoto, Roberto Caiuby Vidigal, Daniel Agustn Novegil, Alcides Jos
Morgante, Rita Rebelo Horta de Assis Fonseca, Jos Oscar Costa de Andrade and
Marcelo Gasparino da Silva. Secretary-General Bruno Lage de Arajo Paulino.
The Board Members approved, by majority of its members with a contrary vote
from the Board Member Marcelo Gasparino da Silva, the preparation of the minutes
in summary form, pursuant article 130, 1st paragraph of the Brazilian Corporate
Law and article 14, 8th paragraph of the Bylaws.
It is registered herein that the Board Members Roberto Caiuby Vidigal, Daniel
Agustn Novegil, Alcides Jos Morgante, Fumihiko Wada, Eiji Hashimoto, Roberto
Caiuby Vidigal, Daniel Agustn Novegil, Alcides Jos Morgante, Rita Rebelo Horta de
Assis Fonseca, Jos Oscar Costa de Andrade and Marcelo Gasparino da Silva
presented statements of vote which will be attached to the respective minutes and
filed in the Board of Directors minutes book.
Agenda:
I - Renewal of the contract of the Independent Audit (EY) and Independent
Audit Plan for the year 2015
The Board Members Paulo Penido Pinto Marques, Fumihiko Wada, Eiji Hashimoto,
Roberto Caiuby Vidigal, Daniel Agustn Novegil, Alcides Jos Morgante, Rita Rebelo
Horta de Assis Fonseca and Jos Oscar Costa de Andrade vote (i) for the approval
of the renewal of the contract of the company EY, for a term until the conclusion of
activities related to the 2015 financial statements, including the tax consulting
service and respective proposal of fees, pursuant to the item "s" of the article 13 of
the Companys Bylaws, to the recommendation of the Audit Committee and to the
material available at the Board Portal; and (ii) for the approval of the Independent
Audit Plan for the year 2015, all pursuant to the material available at the Board
Portal and to the recommendation of the Audit Committee.
However, in view of the contrary vote of the Board Member Marcelo Gasparino da
Silva, pursuant the terms and reasons of his written vote, the approval of this item
of the agenda was vetoed, pursuant to the article 142, second paragraph of the
Brazilian Corporate Law.
II Human Resources:
Annual Budget for the Managements Compensation for the period
between the Annual Shareholders Meeting (ASM) to be held on 2015 and
the ASM to be held on 2016 The Board approved, by the majority of its
Members and with a contrary vote from the Board Member Marcelo Gasparino da
Silva, the proposal to establishment of the amount of R$45,500,000.00 (forty five
million and five hundred thousand reais), which represents the same amount of the

Usiminas Sede
Rua Prof. Jos Vieira de Mendona, 3.011
Engenho Nogueira
31310-260 Belo Horizonte, MG
T 55 31 3499-8000
F 55 31 3499-8899
www.usiminas.com

budget 2014-2015 Annual Budget for the Managements Compensation and its
submission to the Annual Shareholders Meeting, pursuant to the recommendation
of the Human Resources Committee and the material available at the Board Portal.
The allocation of the budget after its approval by the Annual General Meeting will
be be timely deliberated by the Board of Directors.
III - Adjournment With no further business, the minutes were closed and were
drawn up in Book 04 with the signature of the participating Board Members and the
Secretary. So Paulo, February 25th, 2015. (aa) Paulo Penido Pinto Marques,
Chairman; (aa) Fumihiko Wada; (aa) Eiji Hashimoto; (aa) Daniel Agustn Novegil;
(aa) Roberto Caiuby Vidigal; (aa) Alcides Jos Morgante; (aa) Rita Rebelo Horta de
Assis Fonseca; (aa) Jos Oscar Costa de Andrade; and (aa) Marcelo Gasparino da
Silva. (aa) Bruno Lage de Arajo Paulino, Secretary.