Dofasco Inc. has received notification from ThyssenKrupp AG that it does not intend to exercise its right under its existing support agreement to match Arcelor SA’s C$71 per common share offer, which was made on January 16, 2006.

ThyssenKrupp will maintain its offer price of C$68 per common share and not extend the expiry date of its offer beyond January 26, 2006.

Arcelor has entered into an irrevocable agreement with Dofasco to acquire all of Dofasco's outstanding common shares at an offer price of C$71 per common share. Arcelor's offer expires on February 8, 2006.

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.