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Dofasco Favours ThyssenKrupp's Offer over Arcelor

Jan 4 2006

Dofasco Inc. acknowledged today the announcement by ThyssenKrupp AG of a revised offer for all of Dofasco’s common shares at an increased price of $63 per share, matching the offer price announced by Arcelor S.A. on December 23, 2005.

“The Special Committee of Dofasco’s Board of Directors is continuing to support the ThyssenKrupp offer in its recommendation to Dofasco shareholders primarily on the basis that it is less conditional than the Arcelor offer, while offering the same cash price to shareholders”, said Brian MacNeill, Chair.

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