PORTO ALEGRE, Brazil, Feb. 19 /PRNewswire-FirstCall/ -- 2008 Results Crude steel production grew 9.4% in 2008 compared to 2007, totaling 19.6 million tonnes. Shipments of 19.1 million tonnes in 2008, 11.4% higher than 2007. Shipments to the Brazilian domestic market increased 22.1% compared to 2007. Net Revenue reached R$ 41.9 billion in 2008, 36.9% higher than 2007. EBITDA in 2008 reached R$ 10.0 billion, 60.6% higher than 2007. EBITDA margin was 23.9% compared to 20.4% in 2007. Net income of R$ 4.9 billion in 2008, with net margin of 11.8%. Dividends related to 2008 fiscal year totaled R$ 520.2 million to Metalurgica Gerdau S.A. shareholders and R$ 1.1 billion to Gerdau S.A. shareholders. Capital expenditure of US$ 1.4 billion in 2008. Acquisitions announced and concluded in 2008 represented investment of US$ 3.7 billion expanding Gerdau's operations in Brazil and abroad. Additional Information Gerdau S.A. informs that it has filed today its 2008 results at the Securities and Exchange Commission (SEC) and at the Comissao de Valores Mobiliarios (CVM). To access this document, please click on http://www.gerdau.com.br/ing/ri/download_3.asp?categoria=1,38&menu=inffinancei ras_balanco This document and the 2008 complementary data regarding are also available at Gerdau's site http://www.gerdau.com.br/ing/ri/index.asp DATASOURCE: Gerdau S.A. CONTACT: Gerdau Investor Relations, +011-55-51-3323-2703, Web site: http://www.gerdau.com.br/ing/ri/index.asp

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