GERDAU S.A.

Corporate Taxpayer ID (CNPJ/MF): 33.611.500/0001-19

NOTICE TO SHAREHOLDERS

PAYMENT OF DIVIDENDS

We would like to inform our Shareholders that the Board of the company GERDAU S.A., in meeting held on November 6th,2018, deliberated about the proposal presented by management with regard to the payment of dividends for the third quarter of the fiscal year ended on September 30th, 2018. The value of R$ 0.13 will start to be paid on December 03rd, 2018 to shareholders of record on November 21st, 2018. The payment constitute an anticipation of the annual minimum dividends, as stated in the by-laws.

Please note that shares acquired on November 22nd, 2018, and thereafter, will be traded EX-DIVIDEND.

Additional information can be obtained from our Investor Relations Department, located at

Av. das Nações Unidas, 8501 - 8th Floor - São Paulo - SP - 05425-070 - Brazil

Phone: +55 (11) 3094.6300

E-mail:inform@gerdau.com.br

São Paulo, November 07th, 2018.

Harley Lorentz Scardoelli Investor Relations Director

Attachments

Disclaimer

Gerdau SA published this content on 07 November 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 07 November 2018 09:57:06 UTC