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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 6-K
 
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
 
For the month of April, 2005

Commission File Number 1-14732
 
 
COMPANHIA SIDERÚRGICA NACIONAL
(Exact name of registrant as specified in its charter)
 

National Steel Company
(Translation of Registrant's name into English)
 

Av. Brigadeiro Faria Lima 3400, 20º andar
São Paulo, SP, Brazil
04538-132
(Address of principal executive office)
 

Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F _______

 Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.  

Yes _______ No ___X____

PRESS RELEASE
COMPANHIA SIDERÚRGICA NACIONAL
Publicly Held Company
Rua São José n° 20, Grupo 1602, parte
Rio de Janeiro/RJ
Corporate Taxpayers' ID (CNPJ) 33.042.730/0001-04


COMPANHIA SIDERÚRGICA NACIONAL does hereby inform to shareholders and to the general public that BNDES Participações S.A. – BNDESPAR is now owner of 5.79% of the Company’s total and voting capital stock, as a result of the exchange of the debentures of Vicunha Siderurgia S.A. for shares of this Company which were owned by Vicunha Siderurgia S.A., according to the terms and conditions of the sixth tranche of the First Issue of Debentures of Vicunha Siderurgia S.A. We also inform that there is a pending event regarding the conversion of additional 1,464,815 shares, which represent 0.51% of the Company’s total and voting capital stock.


Rio de Janeiro, April 1st 2005
Companhia Siderúrgica Nacional
Lauro Henrique Campos Rezende
Investor Relations Executive Officer

 

 

 
SIGNATURE
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: April 1, 2005

 
COMPANHIA SIDERÚRGICA NACIONAL
By:
/S/  Lauro Henrique Rezende
 
Lauro Henrique Rezende
Investments Executive Officer
 

 

 
FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.