USINAS SIDERRGICAS DE MINAS GERAIS S.A.

- USIMINAS
CNPJ/MF 60.894.730/0001-05
NIRE 313.000.1360-0

Publicly Traded Company

NOTICE TO SHAREHOLDERS

Usinas Siderrgicas de Minas Gerais S.A. - USIMINAS, in addition to the Manual for
Participation of the Shareholders at the Ordinary General Meeting called for April 27th, 2017
(2017 ASM) and in compliance with the recommendations provided in the Ofcio
Circular/CVM/SEP/01/2017, hereby informs that the shareholders Gerao Futuro L. Par Fundo
de Investimento em Aes, GKJE Associates L.P., Nippon Steel & Sumitomo Metal Corporation
and Sankyu S.A., holders, together, of common shares representing more than 5% (five percent)
of the voting stock, presented to the Company, by 04.24.2017, requests for the adoption of the
multiple multiple voting system in the appointment of the members of the Board of Directors to
be held at the 2017 ASM.

In addition, the Company informs that received, on April 24th, 2017, from its minority
shareholder Tempo Capital Principal Fundo de Investimento em Aes (i) the proposal to be
fixed in 12 (twelve) the number of members of the Company's Board of Directors, of which ten
(10) seats, including effectives and alternates, to be fulfilled in the appointment to be held at the
2017 ASM; and (ii) the nomination of Mr. Ricardo Reisen de Pinho, as candidate for the position
of effective member of the Board of Directors, and of Mr. Andr Leal Faoro, as candidate for the
position of alternate member of the Board of Directors. The information sent by Tempo Capital
Principal Fundo de Investimento em Aes regarding to the candidates nominated by it is
attached to the present Notice to Shareholders.

Belo Horizonte, April 25th, 2017.

Usinas Siderrgicas de Minas Gerais S.A. Usiminas