U.S. Steel Canada Inc. (formerly Stelco) – February 22, 2023

February 22, 2023

The Financial Services Regulatory Authority of Ontario (“FSRA”) has approved the Surplus Applications filed for each of the Non-Core Plans (the Stelpipe Hourly Plan, the Stelpipe Salaried Plan, and the Welland Salaried Plan) in respect of the Surplus Sharing Agreements. The parties are now working on a notice and distribution process. We have also retained CIBC Mellon to make the distributions and they are working on setting up the infrastructure to do this. We expect to have more news to share on that process in the coming months.

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