AMENDING AGREEMENTArrangement Agreement • July 9th, 2010 • Gerdau S.A. • Steel works, blast furnaces & rolling & finishing mills • Ontario
Contract Type FiledJuly 9th, 2010 Company Industry JurisdictionThis amending agreement (this “Agreement”) which amends the arrangement agreement (the “Arrangement Agreement”) dated as of June 29, 2010 among Gerdau S.A., Gerdau Steel North America Inc. (the “Acquiror”) and Gerdau Ameristeel Corporation (the “Corporation”) is made as of July 7, 2010. Capitalized terms used in this Agreement but not otherwise defined have the meanings ascribed thereto in the Arrangement Agreement.