U.S. Steel Stockholders Overwhelmingly Approve Merger with Nippon Steel Corporation

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United States Steel Corporation announced today that its stockholders have overwhelmingly voted to approve the proposed merger with Nippon Steel Corporation (NSC) at a special meeting held earlier today. The preliminary vote count indicates that more than 98% of the shares voted were in favor of adopting the merger agreement. These votes represent approximately 71% of the shares of U.S. Steel common stock issued and outstanding as of the record date for the meeting.

David B. Burritt, President & Chief Executive Officer of U.S. Steel, expressed his gratitude for the strong support from stockholders, citing it as a clear endorsement of the compelling rationale behind the transaction with NSC. Burritt highlighted the significance of this milestone in moving closer to completing the merger, emphasizing the vision of creating the “Best Steelmaker with World-Leading Capabilities.”

Burritt emphasized the merger’s benefits for all stakeholders, including employees, customers, communities, and stockholders, as well as for the United States and Pennsylvania, where U.S. Steel is headquartered. He underscored the commitment to sustaining employees and fulfilling obligations to unions, investing in greener steel production, and maintaining the U.S. Steel name and Pittsburgh headquarters.

The final, certified voting results will be disclosed by U.S. Steel in a Form 8-K filing with the U.S. Securities and Exchange Commission once available.