Caution Regarding Forward-Looking Statements
Items on this website, including but not limited to the presentation below, contain both historical and projected data. All data that
are not statements of historical fact constitute “forward-looking statements” within the meaning of Section 21E of the Securities
Exchange Act of 1934, including projections for the current year and beyond regarding shipments, product mix, pricing, revenue,
synergies, costs, margins, income and profits. Words such as “expects,” “anticipates,” “believes,” “intends,” “plans,” “estimates”
and other similar references to future periods typically identify such forward-looking statements. These forward-looking statements
reflect the then-current belief and judgment of AK Steel’s management, but are not guarantees of future performance or outcomes.
They are based on a number of assumptions and estimates that are inherently subject to economic, competitive, regulatory, and
operational risks, uncertainties and contingencies that are beyond AK Steel’s control, and upon assumptions with respect to future
business decisions and conditions that are subject to change. Such risks, uncertainties, contingencies and changes to
assumptions could cause actual results to differ materially from those expected by management as of the presentation date and
include those risks specifically set forth in the below presentation’s slide entitled, “Forward-Looking Statements” and those
discussed in Item 1A, Risk Factors, of our Annual Report on Form 10-K for the most recent fiscal year and any updated risks
discussed in Item 1A, Risk Factors, in our Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission
since our most recent Form 10-K.
For additional information concerning factors that could cause results to differ materially from those expected by AK Steel’s
management as of the presentation date, see the discussion of Forward-Looking Statements in the Management’s Discussion and
Analysis of Financial Condition and Results of Operations and Quantitative and Qualitative Disclosure about Market Risk sections
of our Annual Report on Form 10-K for the most recent fiscal year, along with our Quarterly Reports on Form 10-Q filed with the
Securities and Exchange Commission since our most recent Form 10-K. Also, to the extent that we refer to material that includes
non-GAAP measures, the information required by Regulation G will be available in the “Investors” section of AK Steel’s website at
www.aksteel.com. Forward-looking statements speak only as of the date they are made, and AK Steel undertakes no obligation to
update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may
be required by law.
Copies of AK Steel’s Form 10-K and Form 10-Qs, as well as its other filings with the Securities and Exchange Commission, are
available online at www.sec.gov, www.aksteel.com in the “Investors” section, or on request from AK Steel.
Presentation Not Updated
The information contained in the presentation below was current as of the date presented. AK Steel assumes no duty to update
the information to reflect subsequent developments. Consequently, please be aware that we have not updated and will not update
the information contained in such presentation and investors should not rely upon the information as current or accurate after the