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.  

EXCERPT OF THE MINUTES OF THE EXTRAORDINARY BOARD OF DIRECTORS’ MEETING OF COMPANHIA SIDERÚRGICA NACIONAL HELD ON FEBRUARY 28, 2014, DRAWN UP IN SUMMARY FORMAT.

Company Registry (NIRE): 35300396090

Corporate Taxpayer’s ID (CNPJ): 33.042.730/0001-04

1.         Date:               February 28, 2014

2.         Time:              5:00 p.m.

3.         Venue:           Av. Brig. Faria Lima, 3400, 20º andar, São Paulo – SP.

4.         Attendance:   Benjamin Steinbruch (Chairman), Antonio Francisco dos Santos, Fernando Perrone, Antonio Bernardo Vieira Maia, Aloysio Meirelles de Miranda Filho and Yoshiaki Nakano – Board members; Claudia Maria Sarti – General Secretary of the Board of Directors. The meeting was held via conference call.

6.         Matters Discussed: Payment of interim dividends – the Board of Directors, by unanimously vote of those present, in accordance with article 31 of the Company's Bylaws, approved the proposal for the prepayment of minimum mandatory dividends, from the profit reserve (statutory working capital reserve), totaling four hundred, twenty-five million reais (R$425,000,000.00) as dividends, corresponding to R$0.291501175 per share. The dividends will be paid, with no monetary restatement, as of March 11, 2014, to shareholders domiciled in Brazil. Those entitled to receive dividends are the shareholders registered in the depositary institution Banco Itaú S.A. on February 28, 2014.

I hereby certify that the resolutions transcribed here are faithful in content to the minutes filed at the Company’s headquarters.

Claudia Maria Sarti

General Secretary to the Board of Directors