/C O R R E C T I O N from Source -- Dofasco Inc./

    Please note that c8569 transmitted at 10:13e today has been updated.
    Revised copy follows:

    Dofasco provides update on redemption of medium term notes

    HAMILTON, ON, April 24 /CNW/ - Dofasco Inc. announced today that it has
been advised by RBC Dominion Securities Inc. ("RBC DS") that RBC DS has
acquired 71.5% of the outstanding principal amount of the Company's 7.55%
unsecured medium term notes due October 1, 2008 and 86.5% of the principal
amount of the Company's 4.961% unsecured medium term notes due June 15, 2017
on the open market.
    As previously announced, RBC DS has advised the Company that it will
consent to amendments to the terms and conditions of each series of notes that
will permit the redemption of the 7.55% notes at a price equal to the
Government of Canada Yield and the redemption of 4.961% notes at par, in each
case plus accrued but unpaid interest. The amendments to the terms of each
series of notes require the approval of the holders of 66 2/3% of the
outstanding principal amount of that series.
    Dofasco had previously issued a press release on April 9, 2007 indicating
its intention to redeem the notes.

    Dofasco is a leading North American steel solutions provider. Product
lines include hot rolled, cold rolled, galvanized, Extragal(TM),
Galvalume (TM) and tinplate flat rolled steels, as well as tubular products.
Dofasco's wide range of steel products is sold to customers in the automotive,
construction, energy, manufacturing, pipe and tube, appliance, packaging and
steel distribution industries.

For further information:

For further information: Gordon Forstner, (905) 548-7200 ext. 2200

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