Jan. 4, 2006 — Dofasco Inc. acknowledged ThyssenKrupp AG’s announcement of a revised offer for Dofasco's common shares at an increased price of $63 per share. ThyssenKrupp’s revised offer matches the offer price announced by Arcelor SA on December 23, 2005.

"The Special Committee of Dofasco's Board of Directors is continuing to support the ThyssenKrupp offer in its recommendation to Dofasco shareholders primarily on the basis that it is less conditional than the Arcelor offer, while offering the same cash price to shareholders," said Brian MacNeill, Chair.

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.