November 30, 2006 Dear Oregon Steel Stockholder:Merger Agreement • November 30th, 2006 • Oregon Steel Mills Inc • Steel works, blast furnaces & rolling mills (coke ovens)
We are pleased to inform you that on November 20, 2006, Oregon Steel Mills, Inc. ("Oregon Steel") entered into an Agreement and Plan of Merger (the "Merger Agreement") with Evraz Group S.A., a company organized as a société anonyme under the laws of the Grand Duchy of Luxembourg ("Evraz"), and Oscar Acquisition Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent ("Purchaser").
FORM OF CHANGE IN CONTROL AGREEMENT]Change in Control Agreement • November 30th, 2006 • Oregon Steel Mills Inc • Steel works, blast furnaces & rolling mills (coke ovens) • Oregon
Oregon Steel Mills, Inc. (which, together with its Subsidiaries, is referred to as the “Company”) considers the stability of its key management group to be essential to the best interests of the Company and its stockholders. The Company recognizes that, as is the case with many publicly held corporations, the possibility of a Change in Control may arise and that the attendant uncertainty may result in the departure or distraction of key management personnel to the detriment of the Company and its stockholders.
