Announcement by Gerdau S.A. of Consideration for Cash Tender Offer for Any and All Outstanding 4.875% Notes due 2027 issued by Gerdau Trade Inc.

Core Viewpoint - Gerdau S.A. is making an offer to purchase any and all outstanding 4.875% notes due 2027 issued by Gerdau Trade Inc. for cash, which is fully guaranteed by Gerdau and its subsidiaries [1][2] Offer Details - The offer is made pursuant to the terms set forth in the offer to purchase dated June 3, 2025, and includes a notice of guaranteed delivery [2] - The total principal amount of the outstanding notes is US$418,244,000 [4] - The consideration payable for each US$1,000 principal amount of notes validly tendered is US$1,007.83, based on a yield of 4.020% [4][5] Expiration and Settlement - The offer will expire at 5:00 p.m. New York City time on June 9, 2025, unless extended or terminated earlier by Gerdau Trade [6] - Settlement of the offer is expected to occur within three business days following the expiration date, anticipated to be June 12, 2025 [10] Conditions of the Offer - Gerdau Trade's obligation to accept the notes is conditioned upon the satisfaction or waiver of several conditions described in the offer to purchase [11] - Gerdau Trade reserves the right to delay acceptance, extend the expiration date, or terminate the offer if conditions are not met [11] Additional Information - Holders of the notes accepted for purchase will receive accrued and unpaid interest from the last interest payment date to the settlement date [7] - The offer is being managed by BofA Securities, Goldman Sachs, J.P. Morgan, and Morgan Stanley [13]