U. S. Steel Discontinues Discount Under Dividend Reinvestment and Stock Purchase Plan
United States Steel Corporation (NYSE: X) announced today that it is discontinuing the discount under its Dividend Reinvestment and Stock Purchase Plan (Plan) on initial and optional cash purchases and on the reinvestment of dividends. Under terms of the Plan, purchases with reinvested dividends and optional cash are entitled to a discount of 0 percent to 3 percent, to be determined in the sole discretion of the Corporation from time to time. U. S. Steel began offering a 3 percent discount in February 2002, however, the Corporation has decided to discontinue the discount effective with Plan purchases beginning May 15, 2003, and will continue at 0 percent until further notice.
If a Plan participant has any questions and/or wants to confirm the most current discount rate, Plan information may be obtained by calling (412) 433-4707.
This press release is not intended to be an offer to sell or the solicitation of an offer to purchase, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.
Plan participants are advised to read the Plan prospectus because it contains important information pertaining to the Plan. A copy of the registration statement and prospectus filed by United States Steel LLC, now United States Steel Corporation, with the Securities and Exchange Commission may be obtained at the Securities and Exchange Commission's web site (http://www.sec.gov/). Also, a copy of the prospectus contained in the registration statement may be obtained from United States Steel Corporation Shareholder Services, 600 Grant Street, Room 611, Pittsburgh, PA 15219-2800.
SOURCE: United States Steel Corporation
CONTACT: Mike Dixon, +1-412-433-6860, or John Armstrong,
Web site: http://www.sec.gov/
Web site: http://www.ussteel.com/
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