EZZ STEEL ANNOUNCES DIVIDEND PAYMENT

EZZ STEEL ANNOUNCES DIVIDEND PAYMENT

Cairo, 5 October 2011 - ezzsteel (formerly: Al Ezz Steel Rebars S.A.E.) (EGX: ESRS; London Stock Exchange: AEZD), the largest independent producer of steel in the MENA region and market leader in Egypt, announces that as per the approval of the Ordinary General Meeting, held on 10 September 2011, the dividend of 0.25 Egyptian Pounds per share (one GDR = three shares) for the fiscal year ended 31 December 2010 will be paid to shareholders registered at the close of business on 11 October 2011 and the payment date will be on 16 October 2011.

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About ezzsteel

ezzsteel (formerly: Al Ezz Steel Rebars S.A.E.) is the largest independent steel producer in the Middle East and North Africa, and the Egyptian market leader, with a total actual capacity of 5.8 million tonnes of finished steel.

In 2010, the Company produced 3.4 million tonnes of long products (typically used in construction) and 1.5 million tonnes of flat products (typically used in consumer / industrial goods). ezzsteel's customer base is geographically diversified, with flat products mainly directed to export markets, whereas long products are sold in the domestic market. More than 50 per cent of its plants are less than 10 years old, using the latest in modern steel making technology.