Gerdau plans bylaw amendment to reflect cancellation of 277,600 common shares

Gerdau’s board approved the cancellation on October 26, 2026. After the cancellation, the company’s share capital comprises 716,698,119 common shares and 1,261,042,330 preferred shares, all without par value. A shareholders’ meeting will be called to vote on the bylaw amendment; the buyback plan disclosed on February 23, 2026, remains in effect.