FOR IMMEDIATE RELEASE University Park, Illinois-based Service Center To Be Renamed Chicago Steel & Iron And Become A Subsidiary of Esmark Steel Group CHICAGO, IL, November 16, 2009 – Esmark Incorporated today announced that it has re-entered the steel service center and distribution business with the acquisition of University Park, Illinois-based Amtex Steel, Inc., a precision processing and distribution company specializing in flat-rolled and bar products for the light manufacturing and durable goods industries. The $10 million acquisition includes Amtex Steel’s physical plant assets and real estate, as well as its rail line facilities. The company, to be renamed Chicago Steel & Iron,...

For Immediate Release WHEELING, W.Va., June 25, 2008 – Esmark Incorporated (NASDAQ: ESMK) (the “Company”) announced today that it has entered into a definitive merger agreement to be acquired by OAO SeverStal (“SeverStal”) for $19.25 per share. This represents an overall transaction including debt valued at approximately $1.25 billion. Under the terms of the merger agreement, SeverStal will amend its tender offer to increase its offer price to $19.25 per share and Esmark will amend its Schedule 14D-9 to include the Esmark board of director’s recommendation that Esmark shareholders tender their shares to SeverStal pursuant to the amended tender offer. A revised...

FOR IMMEDIATE RELEASE WHEELING, WV, June 13, 2008 – Esmark Incorporated (NASDAQ: ESMK) (the “Company” or “Esmark”) announced today that its Board of Directors has adopted a Stockholders Rights Agreement that is designed to help Company stockholders receive the highest value for their shares in connection with the sale of the Company. In connection with adoption of the Stockholders Rights Agreement, the Company also announced that its Board has declared a dividend of one preferred share purchase right for each outstanding share of Esmark common stock, payable on June 13, 2008 to the stockholders of record at the close of business...

FOR IMMEDIATE RELEASE Recommends Stockholders Not Tender Shares at $17 per Share WHEELING, W.Va., June 12, 2008 – Esmark Incorporated (NASDAQ: ESMK) (the “Company” or “Esmark”) announced today that its Board of Directors, with the assistance of its financial and legal advisors, has thoroughly reviewed OAO Severstal’s (“Severstal’s”) unsolicited conditional tender offer and determined that the $17.00 per share cash offer is inadequate in a number of respects, uncertain with respect to its ability to close, and contrary to the best interests of Esmark’s stockholders. Accordingly, the Board recommends that stockholders not tender any shares to Severstal. The Board’s recommendation was based upon...

For Immediate Release Esmark Incorporated Comments on OAO Severstal Offer WHEELING, WV, May 30, 2008 – Esmark Incorporated (NASDAQ: ESMK) (the “Company”) announced today, in response to OAO Severstal’s unsolicited tender offer to acquire all outstanding shares of Esmark common stock for $17.00 per share, that the Esmark Board of Directors will examine and consider the Severstal offer, consistent with its fiduciary duties and the Company’s obligations under its memorandum of agreement with Essar Steel Holdings Limited. On or before June 13, 2008, Esmark will advise shareholders whether the Esmark Board recommends acceptance or rejection of the Severstal offer, expresses no opinion and...

FOR IMMEDIATE RELEASE WHEELING, W.Va., May 23, 2008 – Esmark Incorporated (NASDAQ: ESMK) (the “Company”) today confirmed that its Wheeling Corrugating division will supply the steel decking requirements to construct the Pittsburgh Penguin’s new state of the art arena. This award involves approximately 1,000 tons of steel deck and accessory product, expected to be produced out of the Beech Bottom, W.Va., and Emporia, Va., facilities. Shipments are scheduled to begin in July. Chairman and CEO James P. Bouchard stated, “We are pleased to be part of the team constructing the Pittsburgh Penguins’ new home. This award, coupled with our recent award to...

For Immediate Release WHEELING, W.Va., May 23, 2008 – Esmark Incorporated (NASDAQ: ESMK) (the “Company”) confirmed today that the West Virginia Supreme Court of Appeals has denied the request of Massey Energy Company and its subsidiary Central West Virginia Energy Company (“CWVEC”) for appeal from the Brooke County, West Virginia judgment entered against them in favor of the Company’s subsidiary Wheeling-Pittsburgh Steel Corporation (“Wheeling-Pittsburgh”) and its coke plant joint venture and co-plaintiff Mountain State Carbon, LLC. The $219.85 million judgment was entered against Massey and CWVEC July 2, 2007 for the failure to deliver significant quantities of metallurgical coal and certain...

FOR IMMEDIATE RELEASE Receives commitment for $110 million term loan WHEELING, WV, April 30, 2008 – Esmark Incorporated (NASDAQ: ESMK) today announced that it has agreed to the material terms of a proposed tender offer and merger with Essar Steel Holdings Limited for a cash purchase price of $17.00 per share. The Company plans to enter into definitive documentation upon expiration or waiver of the approximate 52 day “right to bid” period set forth in the collective bargaining agreement with the United Steelworkers. Esmark has also entered into a binding commitment letter with Essar for a $110 million term loan which is...

FOR IMMEDIATE RELEASE WHEELING, WV, February 4, 2008 – Esmark Incorporated (NASDAQ: ESMK) (the “Company”) today announced that it has accepted a commitment for a fully underwritten $500 million revolving credit facility from its lead lender, GE Corporate Lending. This new facility will replace the existing $150 million revolver at Esmark Steel Service Group, Inc. and the $225 million revolver at Wheeling-Pittsburgh Corporation. The Company expects to close on this new facility in the first quarter pending satisfaction of the conditions to the commitment, which include definitive documentation and requisite arrangements with the Company’s other material indebtedness. “We are proud to announce...

MEDIA ADVISORY What: James P. Bouchard, Chairman and Chief Executive Officer Esmark Incorporated (ESMK), will preside over the opening bell to commemorate their visit to New York City and listing on NASDAQ stock exchange. Where: NASDAQ MarketSite – 4 Times Square – 43rd and Broadway – Broadcast Studio When: Monday, December 31, 2007 at 9:30 a.m. ET Contacts: Dennis Halpin 304.234.2421(office); 304.650.6474 (mobile); dhalpin@esmark.com; dhalpin2000@yahoo.com NASDAQ MarketSite: Jolene Libretto; 646.441.5220; mobile - 347.219.9539 Jolene.Libretto@NASDAQ.com Feed Information: The opening bell is available from 9:20 a.m. to 9:35 a.m. on Galaxy 26 - uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can also be found on Waterfront fiber 1623. If you have any...