Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.  

EXTRACT FROM THE MINUTES OF THE EXTRAORDINARY BOARD OF DIRECTORS MEETING OF COMPANHIA SIDERÚRGICA NACIONAL, HELD ON MARCH 28, 2013, DRAWN UP IN SUMMARY FORMAT.

Companies Registry (NIRE): 35300396090

Corporate Taxpayers’ ID (CNPJ) 33.042.730/0001-04

1.         Date:               March 28, 2013.

2.         Time:              6:00 p.m..

3.        Venue:            Av. Brig. Faria Lima, 3400, 20º andar, in the city and state of São Paulo

4.         Attendance:   Benjamin Steinbruch (Chairman), Jacks Rabinovich, Antonio Francisco dos Santos, Fernando Perrone, Yoshiaki Nakano and Rubens dos Santos – Board Members; Claudia Maria Sarti – General Secretary of the Board of Directors.

5.         Agenda: Proposal for the Payment of Interest on Equity – The Board of Directors, by unanimous vote of attending members, pursuant to article 31 of the Company’s Bylaws, approved the proposal from the Company’s Board of Executive Officers for the payment of interest on equity at the amount of R$560,000,000.00 (five hundred sixty million reais), from the profit reserve account, corresponding to the gross amount of R$ 0.384095 per share, which is subject to withholding income tax at the rate of 15%. Shareholders domiciled in a country which does not have income tax or in which the maximum rate is below 20% will be subject to withholding income tax at the rate of 25%, pursuant to the provisions in article 8 of Law 9,779/99. Said interest on equity will be paid, with no monetary restatement, on a date to be defined by the Board of Directors, during the year of 2013. This matter will be ratified at the next Annual Shareholders’ Meeting.

This is a free English translation of the original minutes filed at the Company’s Headquarters.

Claudia Maria Sarti

Secretary of the Meeting