Gerdau S.A. Announces Pricing of Global Offering

GERDAU S.A. GGB announced today that it has priced its global offering of 68,026,910 common and 203,830,100 preferred shares, including preferred shares in the form of American depositary shares. The common shares are being offered to the public in Brazil at a price R$15.60 per share, and the preferred shares are being offered to the public in Brazil at a price of R$19.25 per share. Common shares are being offered in the United States pursuant to Rule 144A under the Securities Act of 1933, as amended and outside the United States pursuant to Regulation S under the Securities Act at a price of R$15.60 per share. Preferred shares in the form of ADSs are being offered to the public internationally at a price of US$12.13 per preferred ADS. The aggregate proceeds to the Company, after underwriting discounts and commissions, will be equivalent to approximately US$2,264 million.