Pursuant to Rule 13a-16 or 15d-16 of the
São Paulo, SP, Brazil
04538-132
under cover Form 20-F or Form 40-F. Form 20-F ___X___ Form 40-F _______
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.
Yes _______ No ___X____
EXCERPT OF THE MINUTES OF THE COMPANHIA SIDERURGICA NACIONAL BOARD OF DIRECTORS’ EXTRAORDINARY MEETING, HELD ON JANUARY 31, 2006, WRITTEN AS A SUMMARY.
NIRE: 33300011595
1. Date: January 31, 2006.
2. Time: 2:30 p.m.
3. Venue: Av. Brig. Faria Lima, 3400, 20th floor, São Paulo, SP.
4. Attendees: Benjamin Steinbruch (Chairman), Jacks Rabinovich, Antonio Francisco dos Santos, Dionísio Dias Carneiro Netto, Mauro Molchansky, Fernando Perrone, Darc Antonio da Luz Costa, Yoshiaki Nakano and Claudia Maria Sarti (Secretary of the Board of Directors Meeting).
6. Agenda: 6.10.1 - Dividends – The Board of Directors approved, according to Article 17 – VIII, of the Company’s Bylaws, and according to Article 204 and first and second paragraphs of Law # 6,404/76, the payment of dividends
to shareholders referring to the period ended on June 30, 2005, as an anticipation of the minimum mandatory dividend, in the amount of R$936,814,710.14, corresponding to the payment of R$3.6393 per free-float share, excluding 14,654,500 voting
shares held in treasury on this date, not subject to withholding income tax – IRRF, according to applicable legislation. The payment to shareholders domiciled in Brazil will be made starting on February 9, 2006. Considering that these dividends
are part of the anticipation of the minimum mandatory dividend, this issue should be ratified in the next General Shareholders’ Meeting, and should, consequently, be included in the proposal of destination of income of 2005 fiscal year. I
hereby certify that the deliberations described in this document are accurately equivalent to the original minute filed in the Company’s headquarters.
COMPANHIA SIDERÚRGICA NACIONAL
Claudia Maria Sarti
Secretary of the Board of Directors’ Meeting
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COMPANHIA SIDERÚRGICA NACIONAL
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| By: |
/S/ Benjamin Steinbruch
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Benjamin Steinbruch
Chief Executive Officer and
Acting Chief Financial Officer | ||
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.