(Source: MARKETWIRE)Ternium S.A. (NYSE: TX) announced today the completion of the transfer of its entire 59.7% interest in Sidor, C.A. to Corporacion Venezolana de Guayana, or CVG (a Venezuelan governmental entity). The transfer was effected as a result of Venezuela's Decree Law 6058, which ordered that Sidor and its subsidiaries and associated companies be transformed into state-owned enterprises and declared the activities of such companies of public and social interest. While CVG had assumed operational control of Sidor on July 12, 2008, Ternium had retained formal title over the shares until today.

Ternium agreed to receive an aggregate amount of US$1.97 billion as compensation for its Sidor shares. Of that amount, CVG paid US$400 million in cash today. The balance was divided in two tranches: the first tranche of US$945 million will be paid in six equal quarterly installments, while the second tranche will be paid at maturity in October 2010, subject to quarterly mandatory prepayment events based on the increase of the WTI crude oil price over its May 6, 2009 level.

About Ternium

Ternium is a leading steel company in Latin America, manufacturing and processing a wide range of flat and long steel products for customers active in the construction, home appliances, capital goods, container, food, energy and automotive industries. With its principal operations in Mexico and Argentina, Ternium serves markets in the Americas through its integrated manufacturing system and extensive distribution network. The Company has annual production capacity of approximately 9 million tons of finished steel products. More information about Ternium is available at www.ternium.com.

 Contact: Sebastián Martí Ternium - Investor Relations USA +1 (866) 890 0443 Mexico +52 (81) 8865 2111 Argentina +54 (11) 4018 2389 www.ternium.com  

SOURCE: Ternium S.A.

A service of YellowBrix, Inc.