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 MAY 23, 2013, DRAWN UP IN SUMMARY FORMAT.

Company Registry (NIRE): 35300396090

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

1.         Date:               May 23, 2013.

2.         Time:              5:00 P.M.

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

4.         Attendance:   Benjamin Steinbruch (Chairman), Jacks Rabinovich, Antonio Francisco dos Santos, Fernando Perrone, Yoshiaki Nakano, Aloysio Meirelles de Miranda Filho and Antonio Bernardo Vieira Maia – Board Members; Claudia Maria Sarti – General Secretary of the Board of Directors.

5.         Matters discussed: Payment of Interest on Equity –  Taking into consideration the  resolution taken by the Board of Directors on March 28, 2013, which approved the payment of five hundred sixty million reais (R$560,000,000.00) as Interest on Equity, without monetary restatement, on a date to be defined by the Board of Directors, within the 2013 fiscal year, R$123,000,000.00 (one hundred twenty-three million reais) of which were paid as of April 25, 2013, the Board of Directors approved the partial payment of said Interest on Equity, in the amount of three hundred thirty million reais (R$330,000,000.00) as of May 29, 2013. The remaining balance of Interest on Equity will be paid, without monetary restatement, on date(s) to be defined by the Board of Directors, within the 2013 fiscal year. The gross amount is equivalent to R$0.2263420 per share. Except for those shareholders proven to be immune or exempt, this amount will be subject to withholding income tax at the rate of 15%. Shareholders domiciled in a country which does not have income tax or where the maximum rate is below 20% will be subject to withholding income tax at the rate of 25%, pursuant to the provisions in Article 8 of Law 9,779/99. Taking into consideration the withholding income tax rate of 15%, net amount to be paid will be R$0.1923907 per share. Shareholders registered in the records of the depositary institution Itaú Corretora de Valores S.A. on April 1, 2013 will be entitled to receive said Interest on Equity.

I hereby certify that the resolutions transcribed herein are faithful to the original minutes filed in the Company’s headquarters.

Claudia Maria Sarti

General Secretary of the Board of Directors