In light of media reports that Ternium may be considering the acquisition of a participation in Brazilian steelmaker Usinas Siderurgicas de Minas Gerais SA, Ternium confirmed that it is currently engaged in discussions with the members of Usiminas' control group involving the potential acquisition by Ternium or its affiliates of a minority interest in that group.

Ternium, however, has not yet made any final decision on this potential transaction and at this time there exists no binding offer or agreement in this respect.