U.S. Steel Canada Inc. (formerly Stelco), August 10, 2021

August 10, 2021

We are pleased to announce that we have crossed the necessary member support threshold for the sharing of surplus in the Stelpipe Salaried Plan, Stelpipe Hourly Plan and Welland Salaried Plan. Now that the necessary votes have been obtained, the next step is to apply for approval from Ontario’s Financial Services Regulatory Authority. We are currently working on this application in conjunction with Stelco’s lawyers, and provided that approval is obtained, distributions to plan members should occur shortly after that.

---