December 03, 2008

Algoma announces change in fiscal year end

Algoma Steel Inc announced that effective from March 31st 2008 it has changed it fiscal year end from December 31st to March 31st.

Algoma Steel will report audited results for the three month transitional period of January 1st 2008 to March 31st 2008 in May, 2008. The Company’s fiscal quarters will end on the last day of June, September, December and March each year. The Company has taken this step to align its fiscal year with that of the Essar Group of Companies.