Ternium S.A. 24,844,720 American Depositary Shares Representing 248,447,200 Shares (par value $1.00 per Share) Underwriting AgreementCorporate Reorganization Agreement • February 3rd, 2006 • Ternium S.A. • Steel works, blast furnaces & rolling mills (coke ovens) • New York
You have requested that the Company deposit on behalf of the Underwriters all the Shares underlying the ADSs to be purchased by them hereunder pursuant to the Deposit Agreement, dated as of January 31, 2006 (the “Deposit Agreement”), to be entered into among the Company, The Bank of New York, as depositary (the “Depositary”) and all owners and beneficial owners from time to time of the ADRs (as hereinafter defined). Upon deposit of any Shares, the Depositary will issue
