United States Steel Company (X)

Made possible by investment from Nippon Steel

PITTSBURGH–(BUSINESS WIRE)–US Steel is pleased to announce that following the closing of its transaction with Nippon Steel, it plans to create a workforce training center with a multi-year grant. million dollars to support workforce development in Western Pennsylvania. This center will partner with local universities, colleges, trade schools and economic development organizations to help train the workforce of tomorrow.

US Steel is committed to thanking local communities for their support in continuing our transaction with Nippon Steel, and in recognition of the critical role our employees play in driving the local economy and the U.S. steel industry.

This commitment will only be made possible through the investments Nippon Steel will make in our business, securing our facilities for generations to come, especially in Mon Valley in western Pennsylvania.

We look forward to working with local, state and federal officials to ensure that current and future US Steel employees continue to be able to provide for their families and communities through the good-paying jobs offered at our facilities.

This is another extraordinary benefit that the partnership between Nippon Steel and US Steel will create for our stakeholders once completed.

About US Steel

Founded in 1901, US Steel is a leading steel manufacturer. With a relentless focus on safety, the company's customer-centric Best for All strategy advances a safer, more sustainable future for US Steel and its stakeholders. With a renewed focus on innovation, US Steel serves the automotive, construction, appliance, energy, container and packaging industries with high-value steel products . The Company also maintains advanced iron ore production and has an annual crude steel production capacity of 25.4 million net tons. US Steel is headquartered in Pittsburgh, Pennsylvania, and has world-class operations throughout the United States and Central Europe. For more information, please visit: www.ussteel.com.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This press release contains information regarding US Steel and Nippon Steel that may constitute forward-looking statements, as that term is defined in the Private Securities Litigation Reform Act of 1995 and other securities laws, which are subject to risks and uncertainties. We intend that forward-looking statements are covered by the safe harbor provisions for forward-looking statements in these sections. Generally, we have identified these forward-looking statements by using the words believe, expect, intend, estimate, anticipate, project, target, forecast, aim, should, plan, goal, future, will, may and similar expressions or using future expressions. dates in connection with any discussion of, among other things, statements expressing general opinions about trends, events or developments that we expect or anticipate will occur in the future, potential changes in the global economic environment, anticipated capital expenditures, construction or operation of new or existing facilities or capabilities and costs associated with such matters, as well as statements regarding the proposed transaction, including the timing of completion of the transaction. However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. Forward-looking statements include all statements that are not historical facts, but rather represent only US Steel's beliefs regarding future objectives, plans and expectations regarding our future prospects and other events, many of which, by their nature, are intrinsically uncertain and external. of US Steels or Nippon Steels and may differ, possibly materially, from the anticipated events indicated in such forward-looking statements. Management of US Steel or Nippon Steel, as applicable, believes these forward-looking statements to be reasonable as of the time they are made. Caution should be exercised, however, not to place undue reliance on these forward-looking statements, as such statements speak only as of the date on which they are made. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from US Steels' or Nippon Steels' historical experience and our current expectations or projections. Risks and uncertainties include, but are not limited to: the ability of the parties to consummate the proposed transaction, whether in a timely manner or at all; the timing, receipt and terms of any governmental and regulatory approvals required for the proposed transaction; the occurrence of any event, change or other circumstance likely to give rise to the termination of the definitive agreement and the proposed merger relating to the proposed transaction (the Merger Agreement); the risk that the parties to the merger agreement will not be able to satisfy the terms of the proposed transaction in a timely manner, or at all; risks related to disruption of management time of ongoing business operations due to the proposed transaction; certain restrictions during the term of the proposed transaction that could impact US Steel's ability to pursue certain business opportunities or strategic transactions; the risk that any announcement relating to the proposed transaction may have an adverse effect on the market price of US Steels common stock or Nippon Steels common stock or American Depositary Receipts; the risk of unanticipated costs or expenses resulting from the proposed transaction; the risk of any litigation relating to the proposed transaction; the risk that the proposed transaction and its announcement may have an adverse effect on the ability of US Steel or Nippon Steel to retain its customers and to retain and hire key personnel and to maintain relationships with customers, suppliers, employees , shareholders and other business relationships and its operating results and business generally; and the risk that the pending proposed transaction may divert the attention of US Steel's management. US Steel refers readers to its Form 10-K for the fiscal year ended December 31, 2023 and its Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, as well as other documents it files with of the SEC for other risks associated with the United States. Future performance of steels. These materials contain and identify important factors that could cause actual results to differ materially from those contained in the forward-looking statements.

View the source version on businesswire.com: https://www.businesswire.com/news/home/20250102429388/en/

Media Corporate Communications T- 412-433-1300 [email protected]

Kelly Sullivan / Ed Trissel Joele Frank, Wilkinson Brimmer Katcher T-212-355-4449

Investors Emily Chieng Investor Relations Officer T (412) 618-9554 E [email protected]

Source: United States Steel Company

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