October 16, 2008

CMC chairman Mr Rabin to retire

Commercial Metals Company revealed that Mr Stanley Rabin chairman of its board of directors would retire at the end of the company's 2008 fiscal year on August 31st 2008. Mr Rabin has been engaged as Chairman of the company since 1999.

Mr Rabin has a 37 years association with the company during which time he had held a number of executive positions including that of president since 1978 and CEO from 1979 through 2006. Mr Rabin has been a director of Commercial Metals since 1979 and is indicated to relinquish the position upon retirement.

Mr Rabin while commenting on his decision to retire observed that "It is appropriate and timely for your Company to continue with its succession plan and I am delighted that we have in place an outstanding management team. Shareholder value has grown dramatically. Moreover, CMC has an extraordinary track record through many and varied economic and business cycles, including 30 consecutive years of profitability and record results over the past several years. And the Company's future is bright."

Mr Anthony Massaro lead director described Mr Rabin an invaluable leader on CMC's management team for over three decades. Mr Massaro said "His role in keeping CMC's domestic strategic objectives on target while simultaneously exploring global opportunities has positioned the Company for even more success in the future. Stan will be leaving a strong management team in place to build on his accomplishments."