Gerdau S A : Notice to Shareholders - Dividends

GERDAU S.A.	METALÚRGICA GERDAU S.A.
Tax ID (CNPJ/ME) 33.611.500/0001-19	Tax ID (CNPJ/ME) 92.690.783/0001-09
Registry (NIRE): 35300520696	Registry (NIRE): 35300520751

NOTICE TO SHAREHOLDERS

PAYMENT OF DIVIDENDS

We would like to inform our Shareholders that Gerdau S.A. and Metalúrgica Gerdau S.A. (collectively, the "Companies") Boards of Directors approved, on February 28, 2023, the payment of Dividends for the fiscal year of 2022. The amount will be paid according to the dates listed bellow and credited based in the positions of shareholders dated of March 14, 2023.

	Payment	Value per Share
Company	Common and Preferred
Date
	Dividends
METALÚRGICA	03/24/2022	R$ 0.10
GERDAU S.A.
GERDAU S.A.	03/23/2022	R$ 0.20

Please note that shares acquired on March 15, 2023, and thereafter, will be traded EX-DIVIDEND.

Additional information can be obtained from our Investor Relations Department, located at Av. Doutora Ruth Cardoso, 8501 - 8th Floor - São Paulo - SP - 05425-070 - Brazil.

Phone: [phone]

E-mail:[e-mail]

São Paulo, March 01, 2023.

Rafael Dorneles Japur

Executive Vice President

Investor Relations Director

This content is Public.