Ternium Confirms Dividend Payment and Election of Directors

Ternium S.A in its annual general shareholders meeting today, approved the consolidated financial statements and unconsolidated annual accounts for the year ended December 31, 2007 and the proposed dividend of US$0.05 per share (US$0.50 per ADS), or approximately US$100 million. Ternium will pay the dividend on June 12, 2008 and the corresponding ex-dividend date will be June 5. The shareholders meeting also re-elected Ubaldo Aguirre, Roberto Bonatti, Carlos Condorelli, Pedro Pablo Kuczynski, Adrian Lajous, Bruno Marchettini, Gianfelice Mario Rocca, Paolo Rocca and Daniel Agustin Novegil and elected Wilson Nélio Brumer and Marco Antônio Soares da Cunha Castello Branco as members of the board of directors to serve until the next annual shareholders meeting which will be held in June 2009. The board of directors subsequently re-appointed Paolo Rocca as chairman of Ternium's board of directors; Daniel Novegil as chief executive officer of Ternium; and confirmed Ubaldo Aguirre, Pedro Pablo Kuczynski and Adrián Lajous as members of the Company's audit committee, with Mr. Aguirre to continue as chairman. All three members of the audit committee are independent directors.