Paulson & Co Inc, a major shareholder of Algoma Steel Inc, which had requisitioned for a special shareholder meeting to replace a majority of current Algoma directors, announced a substitution on its slate of nominees for the board.

Mr John Hritz will replace Mr. Wareham on the Algoma slate. Mr. Hritz has a broad background in the steel industry and has served as President, Executive VP Operations and Commercial, General Counsel and VP Employee Relations of AK Steel. He also worked for seven years at US Steel