March 5, 2007 — Commercial Metals Co.’s Polish steel mill, CMC Zawiercie SA (CMCZ), has purchased all of the shares of CMCZ owned by the Polish Ministry of State Treasury.

The Ministry, which had retained a minority interest in CMCZ when the mill was privatized in 1995 and continued to hold those shares following CMC's acquisition of controlling interest in CMCZ from Impexmetal SA in 2003.

The newly acquired shares represent approximately 26.8% of the total CMCZ shares outstanding. CMCZ paid in aggregate approximately $59.5 million for the shares, which intends to redeem. With this purchase and subsequent redemption, CMC holds approximately 99% of all CMCZ shares outstanding.

"This purchase achieves an objective established back when we acquired CMCZ,” stated Murray McClean, Commercial Metals’ President and CEO. “We appreciate the professional manner in which the Ministry of State Treasury handled the evaluation and negotiation of a fair and reasonable purchase price. We look forward to continuing with our long-term plans to make CMCZ a truly world-class steel mill."

"This action will continue to allow us to grow CMCZ's business and expand our reach in the key markets of Eastern and Central Europe,” commented Hanns Zoellner, Executive Vice President of Commercial Metals Co. and Chairman of the CMCZ Supervisory Board. “We want to thank the employees of CMCZ for their dedication and efforts to date, and we look forward to an even brighter future with more success."

CMCZ is the second-largest steel producer in Poland with annual production of approximately 1.3 million tonnes. Facilities include two electric arc furnaces, ladle furnaces and casters. Principal products are rebar and wire rod produced on two separate rolling mills. Since acquisition in 2003, CMC has implemented an aggressive capital investment program at CMCZ to increase production, develop downstream steel fabrication operations and improve environmental protection at the facility.

Headquartered in Irving, Texas, Commercial Metals and its subsidiaries manufacture, recycle and market steel and metal products, related materials and services through a network including steel minimills, steel fabrication and processing plants, construction-related product warehouses, a copper tube mill, metal recycling facilities and marketing and distribution offices in the United States and in strategic overseas markets.