Dofasco Inc. announced that it intends to issue 12-Year Amortizing notes (10.5 Year Average Life) under its Medium Term Note program pursuant to a Short Form Shelf Prospectus dated November 24, 2004.

The C$250 million issue of 4.961% unsecured, non-redeemable notes will mature June 15, 2017. The principal will be repaid over 4 years in equal amounts commencing on June 15, 2014. The notes will be issued through a group of Canadian dealers consisting of RBC Dominion Securities, Scotia Capital, BMO Nesbitt Burns, National Bank Financial and TD Securities.

The transaction is scheduled to close on Wednesday, June 15, 2005.

Dofasco is a leading North American steel solutions provider. Product lines include hot rolled, cold rolled, galvanized, Extragal^(TM), Galvalume^(TM) and tinplate flat rolled steels, as well as tubular products, laser-welded blanks and Zyplex^(TM), a proprietary laminate. Dofasco's wide range of steel products is sold to customers in the automotive, construction, energy, manufacturing, pipe and tube, appliance, packaging and steel distribution industries.