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.  

NOTICE TO SHAREHOLDERS

PAYMENT OF INTERIM DIVIDENDS

We hereby inform that the Board of Directors of Companhia Siderúrgica Nacional (“CSN”), pursuant to Article 31 of its Bylaws, approved the payment of the minimum mandatory dividends from the profit reserve (statutory working capital reserve), totaling R$425,000,000.00, corresponding to R$0.291501175 per share, as an advance on the minimum mandatory dividends.

Shareholders registered in the records of the depositary institution Banco Itaú S.A. on February 28, 2014, are entitled to receive the payment.

Dividends will be available to shareholders domiciled in Brazil as of March 11, 2014, with no monetary restatement, in their bank accounts informed to the depositary institution Itaú Corretora de Valores S.A. Shareholders whose shares are held in custody will receive their dividends in accordance with procedure adopted by the Stock Exchange. Shareholders whose registration data does not include their Individual Taxpayer’s ID (CPF) or Corporate Taxpayers’ ID (CNPJ) or the Bank/Branch/Current Account information will have the amount available within three (3) working days as of the due updating of their respective registration at any branch of Banco Itaú S.A. or through letter forwarded to the Superintendence of Services to Shareholders of Itaú Corretora de Valores S.A., located at Rua Boa Vista, 185 – 6º andar – São Paulo – SP – CEP: 01092-900.

Service Places: Banco Itaú S.A. branches, Shareholders service department, during banking hours.

As of March 5, 2014, inclusive, the Company shares will be traded ex-rights on the Brazilian Stock Exchanges on payments approved herein.

São Paulo, February 28, 2014

Companhia Siderúrgica Nacional

David Moise Salama

Investor Relations Executive Officer