In re: NATIONAL STEEL CORPORATION, Chapter 11, et al., Debtors.

Case No. 02 B 08699 (Jointly Administered).United States Bankruptcy Court, N.D. Illinois, Eastern Division.
August 17, 2004

ORDER SUSTAINING NSC CREDITOR TRUST’S AMENDED TWENTIETH OMNIBUS OBJECTION TO CLAIMS PURSUANT TO 11 U.S.C. §§ 105(A) AND 502(B) AND FED. R. BANKR. P. 3007
JOHN SQUIRES, Bankruptcy Judge

This matter coming to be heard on NSC Creditor Trust’s Amended Twentieth Omnibus Objection to Claims Pursuant to 11 U.S.C. §§ 105(a) and 502(b) and Fed.R.Bankr.P. 3007, dated July 1, 2004 (the “Objection”) wherein NSC Creditor Trust (the “Trust”)[1] objected to certain claims as outlined inExhibit A to the Objection; it appearing to the Court that (i) it has jurisdiction over the matters raised in the Motion pursuant to 28 U.S.C. §§ 157 and 1334; (ii) this is a core proceeding pursuant to 28 U.S.C. § 157(b)(2); (iii) the relief requested in the Objection is in the best interests of the Debtors’ estates, their creditors and other parties in interest; (iv) proper and adequate notice of the Objection and the hearing thereon has been given and that no other or further notice is necessary; and (v) upon the record herein after due deliberation thereon, that the relief should be granted as set forth below,

IT IS HEREBY ORDERED THAT:

A. The Objection is SUSTAINED as set forth herein.

Page 2

B. Pursuant to 11 U.S.C. §§ 105(a) and 502(b), and Fed.R.Bankr.P. 3007, certain Claims listed on Exhibit A attached hereto shall be reduced, reclassified, and/or disallowed and expunged as indicated therein.

C. Pursuant to 11 U.S.C. §§ 105(a) and 502(b), and Fed.R.Bankr.P. 3007, the Debtor(s) against which certain Claims listed on Exhibit A attached hereto are asserted shall be corrected as indicated therein.

D. Pursuant to 11 U.S.C. §§ 105(a) and 502(b), and Fed.R.Bankr.P. 3007, each Claim listed on Exhibit B to this Order is continued for status to September 14, 2004 at 8:30 a.m.

E. Notwithstanding any other provisions of this Order, each of the Claims listed on Exhibit A attached hereto is subject to the Trust’s right to object to such Claim pursuant to Section 502(d) of the Bankruptcy Code, and the Debtors and the Trust expressly reserve their rights to prosecute any pending objections to such Claims.

F. This Court shall retain jurisdiction over the Trust and the claimants whose claims are subject to the Objection with respect to any matters related to or arising from the implementation of this Order.

G. This Order is without prejudice to the Trust’s right to object to any other Claims in these chapter 11 cases or to further object to Claims objected to or allowed herein.

H. This matter constitutes a core proceeding, and this Order is a final order.

I. Notice of the Amended Twentieth Omnibus Objection is deemed sufficient.

Page 1

EXHIBIT A TO 20TH OMNIBUS OBJECTION TO CLAIMS
NATIONAL STEEL CORPORATION, ET AL.

CREDITOR NAME CLAIM NO. CLAIM AMOUNT ASSERTED CLASS ASSERTED DEBTOR BASIS OF OBJECTION CORRECT DEBTOR DISPOSITION/
(IF NECESSARY) REMAINING CLAIM

Abbey Metal Co. 866 $34,675.94 Priority National Steel DC Disallowed —
Corporation Remaining Claim is
(Delaware) Claim No. 5260
(general, unsecured,
non-priority claim of
$34,675.94)

Airborne Freight Company d/b/a 191 $2,409.50 General Unsecured National Steel L Disallowed
Airborne Express Corporation
(Delaware)

Airgas Great Lakes, Inc. 3135 $3,783.00 General Unsecured National Steel PSS Disallowed
Corporation
(Delaware)

Airgas Great Lakes, Inc. 3136 $5,077.61 General Unsecured National Steel PSS Disallowed
Corporation
(Delaware)

Airgas Great Lakes, Inc. 3139 $843.00 General Unsecured National Steel PSS Disallowed
Corporation
(Delaware)

Airgas Great Lakes, Inc. 3141 $17,706.00 General Unsecured National Steel L Disallowed
Corporation
(Delaware)

Airgas Great Lakes, Inc. 3142 $506.20 General Unsecured National Steel L Disallowed
Corporation
(Delaware)

Airgas Great Lakes, Inc. 3143 $506.20 General Unsecured National Steel L Disallowed
Corporation
(Delaware)

Airgas Great Lakes, Inc. 3145 $6,661.60 General Unsecured National Steel L Disallowed
Corporation
(Delaware)

Page 2

Airgas Great Lakes, Inc. 3146 $421.85 General Unsecured National Steel L Disallowed
Corporation
(Delaware)

Airgas Mid America, Inc. 3132 $5,103.00 General Unsecured National Steel L Disallowed
Corporation
(Delaware)

American Steamship Company 4661 $22,079.16 General Unsecured National Steel PSS Disallowed
Corporation
(Delaware)

Aosafety-Safety Optical 600 $14,782.94 General Unsecured Claimant did not D National Steel General, unsecured,
specify Debtor Corporation non-priority claim of
(Delaware) $14,782.94

Bailey Engineers, Inc. 2847 Unliquidated General Unsecured Granite City Steel L Disallowed
Company

Baker’s Port, Inc. 2491 Unliquidated General Unsecured Ingleside Holdings LP PSS Disallowed

Baker’s Port, Inc. 2624 Unliquidated General Unsecured Natland Corporation PSS Disallowed

Baker’s Port, Inc. 2625 Unliquidated General Unsecured NS Land Company PSS Disallowed

Baker’s Port, Inc. 2626 Unliquidated General Unsecured National Steel PSS Disallowed
Corporation
(Delaware)

Beljanski, Joseph 4105 Unliquidated General Unsecured Granite City Steel L Disallowed
Company

Bellon Environmental Co. 2034 $12,700.06 Priority National Steel C General, unsecured,
Corporation non-priority claim of
(Delaware) $12,700.06

Bloomberg LP 1381 $1,756.05 General Unsecured National Steel PSS Disallowed
Corporation
(Delaware)

Page 3

Business Records Management Inc. 2512 $892.16 Secured National Steel C General, unsecured,
Corporation non-priority claim of
(Delaware) $892.16

CAD of Lubbock 3241 $4,186.72 Secured National Steel PSS Disallowed
Corporation
(Delaware)

CAD of Washington 5197 Unliquidated Multiple Classes National Steel PSS Disallowed
Corporation
(Delaware)

Caine Steel of Michigan, Inc. 1176 $53,988.06 General Unsecured Great Lakes Steel D National Steel General, unsecured,
Corporation Corporation non-priority claim of
(Delaware) $53,988.06

Caine Steel of Michigan, Inc. 2145 $5,564.82 General Unsecured Midwest Steel D National Steel General, unsecured,
Corporation Corporation non-priority claim of
(Delaware) $5,564.82

Caine Steel of Michigan, Inc. 5087 $4,156.73 General Unsecured Great Lakes Steel D National Steel General, unsecured,
Corporation Corporation non-priority claim of
(Delaware) $4,156.73

Caine Steel of Michigan, Inc. 5088 $12,013.14 General Unsecured Great Lakes Steel D National Steel General, unsecured,
Corporation Corporation non-priority claim of
(Delaware) $12,013.14

CANAC International, Inc. 1873 $1,992.47 General Unsecured National Steel PSS Disallowed
Corporation
(Delaware)

Chadwick, Sherri Combs 3832 Unliquidated General Unsecured National Steel L Disallowed
Corporation
(Delaware)

CISD of San Marcos 5207 Unliquidated Multiple Classes National Steel PSS Disallowed
Corporation
(Delaware)

Page 4

CIT Financial USA, Inc. 4351 Unliquidated Secured National Steel PSS Disallowed
Corporation
(Delaware)

City of Ecorse 30293 $550,508.35 General Unsecured National Steel PSS Disallowed
Corporation
(Delaware)

City of San Marcos 5210 Unliquidated Multiple Classes National Steel PSS Disallowed
Corporation
(Delaware)

Clark Hill PLC 3877 $37,717.51 General Unsecured National Steel R General, unsecured,
Corporation non-priority claim of
(Delaware) $13,906.21

Cognos Corp. 30312 $6,515.00 General Unsecured National Steel PSS Disallowed
Corporation
(Delaware)

Columbia Pipe Supply Co. 2069 $80,776.86 General Unsecured Midwest Steel D, R National Steel General, unsecured,
Corporation Corporation non-priority claim of
(Delaware) $75,209.75

Commonwealth of Kentucky 5435 $36,111.00 Priority National Steel LF Disallowed
Corporation
(Delaware)
Commonwealth of Kentucky 5490 $38,877.00 Priority National Steel LF Disallowed
Corporation
(Delaware)
Commonwealth of Pennsylvania 5359 $5,578.00 Priority National Steel AC Disallowed —
Corporation Remaining Claim is
(Delaware) Claim No. 5491
(priority claim of
$3,447.00)

AC AMENDED CLAIM — The asserted claim has been amended and superseded by another claim filed by, or on behalf of, this claimant.

C CLASSIFICATION — The asserted claim has been improperly characterized, in whole or in part, as a secured or priority claim.

D DEBTOR — The claimant has asserted its claim against the wrong Debtor, and such claim is being corrected so that it is asserted against the correct Debtor.

DC DUPLICATE CLAIM — The asserted claim is duplicative of a liability set forth in another claim filed by, or on behalf of, the claimant.

L NO LIABILITY — The asserted claim is not a liability of Debtors or Debtors in Possession according to Debtors’ books and records.

LF LATE FILED — The claimant failed to file the asserted claim within the applicable deadline set forth in the Bar Date Order, the Plan, or any other Order of the Court.

PSS PAID/SETTLED OR OTHERWISE SATISFIED — The asserted claim has been paid, settled, or otherwise satisfied by the Debtors or Debtors in Possession.

R REDUCE — The asserted claim is being reduced to reflect the amount owed to the claimant according to the Debtors’ books and records.

SH SHAREHOLDER — The asserted claim is an equity interest and has been improperly asserted as a claim against the estate.

[1] Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Objection.

Page 1