Spin Off | WORTHINGTON INDUSTRIES | 1st December 2023

On November 9, 2023, WORTHINGTON INDUSTRIES approved the previously announced spin off of its Steel Processing business, Worthington Steel. WORTHINGTON INDUSTRIES shareholders will receive one common share of Worthington Steel for every one common share of WORTHINGTON INDUSTRIES they hold. Regular-way trading of Worthington Steel common shares is expected to begin on the NYSE on December 1, 2023, under the symbol WS. On December 1, 2023, WORTHINGTON INDUSTRIES will also be renamed WORTHINGTON ENTERPRISES INC and will continue to trade on the NYSE under the ticker symbol WOR.

• The spin-off company WORTHINGTON STEEL will be added to the Index according to the transaction terms.
• Effective Date (open): 01/12/2023

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