SOURCE: Ternium S.A.

February 10, 2011 08:00 ET

Ternium to Repurchase Shares From Usiminas Concurrently With Closing of Secondary Public Offering

LUXEMBOURG--(Marketwire - February 10, 2011) - Ternium S.A. (NYSE: TX) announced today that, following the pricing of an underwritten public offering by Usinas Siderúrgicas de Minas Gerais S.A. - Usiminas ("Usiminas") of Ternium ADSs, Ternium and its controlling shareholder Techint Holdings S.àr.l. ("Techint") entered into purchase agreements with Usiminas relating to their previously announced concurrent purchase transactions of Ternium shares. Under these agreements, on February 15, 2011, and subject to the closing of the public offering, Ternium and Techint will purchase from Usiminas 41,666,666 and 27,777,780 Ternium shares, respectively, at a price per share of US$3.6 (which is equivalent to the public offering price per ADS).

Following the closing of the public offering (assuming the underwriters' over-allotment option is fully exercised) and the purchases by Ternium and Techint described above, Usiminas will no longer own any Ternium shares. In addition, effective upon the closing of the public offering, the two members of Ternium's board of directors nominated by Usiminas (i.e., Messrs Brumer and Seckelmann) will resign from the Ternium board.

This press release does not constitute an offer of any securities for sale.

Ternium is a leading steel company in Latin America, manufacturing and processing a wide range of flat and long steel products for customers active in the construction, home appliances, capital goods, container, food, energy and automotive industries. With its principal operations in Mexico and Argentina, Ternium serves markets in the Americas through its integrated manufacturing system and extensive distribution network. The Company has an annual production capacity of approximately ten million tons of finished steel products. More information about Ternium is available at