WASHINGTON (dpa-AFX) - United States Steel Corp. (X) and Nippon Steel Corp.
announced Thursday that they have received all regulatory approvals outside of
the United States related to the proposed transaction between U. S. Steel and
Nippon Steel.

These approvals have been received from the Directorate-General for Competition
of the European Commission (pursuant to the EU Merger Regulation and,
separately, the Foreign Subsidies Regulation), the Mexican Federal Economic
Competition Commission, the Serbian Competition Commission, the Ministry of
Economy of Slovakia, the Turkish Competition Authority.

In addition, the United Kingdom Competition and Markets Authority confirmed that
it had no further questions regarding the proposed transaction in response to
the submission of a voluntary briefing paper.

U. S. Steel held a Special Meeting of Stockholders on April 12, 2024, with 71%
of the outstanding shares of U. S. Steel common stock voting in favor of the
proposed transaction, resulting in an overwhelming vote of approval of 99% of
the shares represented at that meeting.

U. S. Steel and Nippon Steel currently expect that the transaction will be
completed in the second half of 2024, subject to the fulfillment of the
remaining, customary closing conditions, including the receipt of required U.S.
regulatory approvals.



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