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 MARCH 11, 2015, DRAWN UP IN SUMMARY FORMAT.

Company Registry (NIRE): 35300396090

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

1.         Date:  March 11, 2015

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, Antonio Bernardo Vieira Maia, Luis Felix Cardamone Neto and Yoshiaki Nakano – Board members; Claudia Maria Sarti – Secretary of the Board of Directors. The meeting was held via conference call.

5.         Agenda: 5.1 - Payment of interim dividends

6.         Matters Discussed: 6.1 – Payment of interim dividends – – In accordance with article 31 of the Company’s Bylaws, the Board of Directors approved, by unanimously vote of those present, the proposal for the prepayment of minimum mandatory dividends from the profit reserve (statutory working capital reserve) totaling two hundred and seventy-five million reais (R$275,000,000.00), corresponding to R$0.202633043 per share. The dividends will be paid, with no monetary restatement, as of March 19, 2015, for shareholders domiciled in Brazil. Those entitled to receive the dividends are the shareholders registered in the depositary institution Banco Itaú S.A. as at March 11, 2015.

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

Claudia Maria Sarti

General Secretary to the Board of Directors

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.