ESMARK AMTEX ACQUISITION MEDIA COVERAGE REPORT November 16, 2009, Bloomberg.com Esmark Inc., which sold its steel assets to Russia’s OAO Severstal last year for about $775 million, has re-entered the metal-distribution business with the purchase of Amtex Steel Inc. for $10 million. Amtex is a processing and distribution company based in University Park, Illinois, that focuses on flat-rolled and bar products used in light manufacturing and durable goods, closely held Esmark said today in an e-mailed statement. Esmark said it will pursue more acquisitions of steel service centers with cash on hand and aims to have $250 million in annual steel revenue by the end of 2010. Amtex,...

Nov 16 2009, Daily AMM, By Corinna Petry CHICAGO -- With its purchase of a service center near Chicago, Esmark Steel Group is looking to repeat the formula that worked so well earlier this decade—acquiring Midwest companies primarily focused on cold-rolled and coated sheet products, according to Thomas Modrowski, the company’s chief executive officer. The division of Chicago’s Esmark Inc. has completed a $10- million acquisition of Amtex Steel Inc., a University Park, Ill.-based processor and distributor of flat-rolled and bar products for the light manufacturing and durable goods industries. Amtex has been renamed Chicago Steel & Iron. Esmark last month signed a letter...

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...

May 21 2008, Financial Times, By Peter Marsh in London Severstal, Russia’s biggest steelmaker, has entered the battle to buy Esmark, a medium-sized US steel producer, underlining the continued enthusiasm for acquisitions in the sector. The Russian company yesterday said it was willing to buy Esmark for about $668m, or $17 a share. Esmark had already accepted a bid of the same value from Essar, the expansion-minded Indian steel company. Severstal hopes an agreement it has reached with the United Steelworkers union, representing workers at Esmark, will make its deal more acceptable to the company’s board and shareholders than the rival offer from Essar. The...