Aperam S.A.

Notice of Dividend Amount • Feb 15, 2011

Aperam announces dividend payment schedule for 2011

Luxembourg, 15 February 2011 – Aperam, a leading producer of stainless and specialty steels, announces its detailed dividend payment schedule for 2011, following approval in principle by a general meeting of the Company held on 21 January 2011 of the payment of an interim dividend of US\$0.75 per Company share. The dividend will be paid in four equal quarterly installments of US\$0.1875 (gross) per share.

Quarterly payments of US\$0.1875 per share will occur on 30 March, 14 June, 12 September and 12 December 2011.

Dividends are announced in US dollars. They are paid in US dollars for shares traded in the United States on the over-the-counter market in the form of New York registry shares and paid in Euros for shares listed on the European Stock Exchanges (Netherlands, France, Luxembourg). Dividends to be paid in Euros are converted from US dollars to Euros based on the European Central Bank exchange rate at the date mentioned in the table below.

A Luxembourg withholding tax of 15% is applied on the gross dividend amounts.

1st Quarter 2011	USA, Netherlands, France, Luxembourg
Ex-Dividend	10 March
Record Date	14 March
Payment Date	30 March
FX Exchange Date:	09 March
2nd Quarter 2011	USA, Netherlands, France, Luxembourg
Ex-Dividend	20 May
Record Date	24 May
Payment Date	14 June
FX Exchange Date:	19 May
3rd Quarter 2011	USA, Netherlands, France, Luxembourg
Ex-Dividend	19 August
Record Date	23 August
Payment Date	12 September
FX Exchange Date:	18 August
4th Quarter 2011	USA, Netherlands, France, Luxembourg
Ex-Dividend	18 November
Record Date	22 November
Payment Date	12 December
FX Exchange Date:	17 November

About Aperam

Aperam is a global player in stainless, electrical and specialty steel, with operations in more than 30 countries. The business is organized in three divisions: Stainless & Electrical Steel, Service & Solutions, Alloys & Specialties. Aperam has 2.5 million tonnes of flat stainless steel capacity in Europe and Brazil and is a leader in high value added niches - alloys and specialties. Aperam has also a highly integrated distribution, processing and services network and a unique capability to produce stainless and specialty from low cost Biomass (charcoal). Its industrial network is concentrated in 6 main plants located in Brazil, Belgium and France. Aperam has about 9,800 employees. Aperam commits to operate in a responsible way with respect to health, safety and wellbeing of its employees, contractors and the communities in which it operates. It is also committed to the sustainable management of the environment and of finite resources. In 2009, Aperam had revenues of USD 4.2 billion and shipments of 1.45 million tonnes.

Aperam contact information

Corporate Communications / Jean Lasar: +352 4792 2359 Investor Relations / Michael Bennett: +44 (0) 78 2594 2938