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

Case No. 02 B 08699 (Jointly Administered).United States Bankruptcy Court, N.D. Illinois, Eastern Division.
September 14, 2004

SECOND ORDER ALLOWING NSC CREDITOR TRUST’S NINETEENTH OMNIBUS OBJECTION TO CERTAIN 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 Nineteenth Omnibus Objection to Claims Pursuant to 11 U.S.C. §§ 105(a) and 502(b) and Federal Rule of Bankruptcy Procedure 3007, dated June 21, 2004 (the “Objection”) wherein NSC Creditor Trust (the “Trust”) objected to certain claims as outlined in Exhibits A through I to the Objection; it appearing to the Court that (i) it has jurisdiction over the matters raised in the Objection 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:

1. The following matters are continued for a hearing on October 12, 2004: BP Canada Energy Marketing Corp (Claim No. 4280); Canadian National Railway Co. (Claim

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Nos. 5358, 5436); General Electric Capital Corp. (Claim Nos. 4352, 4412, 4414, 5325); Heller Financial (Claim Nos. 30645, 5324); JFE Steel Corporation (Claim No. 5322); Kelly Services, Inc. (Claim No. 5123); Premier Elkhom Coal Company (Claim No. 4995); and United States Fidelity (Claim No. 4554).

2. The Objection is SUSTAINED and ALLOWED as set forth on the attached Exhibit A, which is incorporated herein.

3. Notwithstanding any other provisions of this Order, the allowance of any of the Claims listed on the attached Exhibit is subject to the Trust’s right to object to such Claim pursuant to 11 U.S.C. § 502(d), and the Debtors and the Trust expressly reserve their rights to prosecute any pending objections to such Claims.

4. 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.

5. 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.

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

7. Notice of the Nineteenth Omnibus Objection is deemed sufficient.

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In re National Steel Corporation, et al., Case No. 02B08699

NSC Creditor Trust’s Nineteenth Omnibus Objection

Exhibit A to Second Order Sustaining Objection to Certain Claims

Asserted Proposed Disposition/Remaining
Claim No. Name of Claimant Class Claim Amount Obj Ex. Basis Asserted Debtor Claim

No Amount Due Disallow; ok to sustain objection
200 AVAYA FKA LUCENT TECHNOLOGIES UNS. $2,872.79 I Per Books and National Casting Corporation per claimant
Records

No Amount Due
5306 BEHR IRON STEEL INC UNS. $1,218,501.65 I Per Books and National Steel Corp Disallow; waived as part of
Records (Delaware) preference settlement

4280 BP CANADA ENERGY MARKETING CORP UNS. $1,073,470.00 F Claims to be National Steel Corp Negotiations pending; Continue
Reduced (Delaware) to October 12, 2004 Omnibus

5358 CANADIAN NATIONAL RAILWAY Claims to be National Steel Corp Negotiations pending; Continue
COMPANY UNS. $392,847.38 F Reduced (Delaware) to October 12, 2004 Omnibus

5436 CANADIAN NATIONAL RAILWAY No Amount Due
COMPANY UNS. $192,300.00 I Per Books and National Steel Corp Negotiations pending; Continue
Records (Delaware) to October 12, 2004 Omnibus

4352 GENERAL ELECTRIC CAPITAL CORP. UNS. $286,189.06 G Assumed and National Steel Corp Negotiations pending; Continue
Assigned (New York) to October 12, 2004 Omnibus

4412 GENERAL ELECTRIC CAPITAL CORP. UNS. $1,511,111.11 G Assumed and National Steel Corp Negotiations pending; Continue
Assigned (New York) to October 12, 2004 Omnibus

4414 GENERAL ELECTRIC CAPITAL CORP. UNS. $766.21 G Assumed and National Steel Corp Negotiations pending; Continue
Assigned (New York) to October 12, 2004 Omnibus

5325 GENERAL ELECTRIC CAPITAL CORP. Secured $4,074,424.40 G Assumed and National Steel Corp Negotiations pending; Continue
Assigned (New York) to October 12, 2004 Omnibus

2288 GENERAL ELECTRIC COMPANY UNS. $36,952.80 E Paid/Settled or National Steel Corp Allow general, unsecured, non-priority
Otherwise Satisfied (Delaware) claim of $18,476.40

30645 HELLER FINANCIAL UNS. $3,197.58 G Assumed and National Steel Corp Negotiations pending; Continue
Assigned (Delaware) to October 12, 2004 Omnibus

5324 HELLER FINANCIAL LEASING, INC UNS. $137,157.02 G Assumed and National Steel Corp Negotiations pending; Continue
Assigned (New York) to October 12, 2004 Omnibus

No Amount Due
5322 JFE STEEL CORP UNS. $78,862.00 I Per Books and National Steel Corp Continue to October 12, 2004
Records (New York)

Reclassify to
D Proper Debtor Great Lakes Steel Corporation Negotiations pending; Continue
5123 KELLY SERVICES, INC UNS. $13,755.30 F Claims to be to October 12, 2004 Omnibus
Reduced

4995 PREMIER ELKHORN COAL COMPANY UNS. $297,177.84 D Reclassify to Claim Asserted Against Continue to October 12, 2004
Proper Debtor Numerous Debtors

No Amount Due
4554 UNITED STATES FIDELITY AND Multiple $0.00 I Per Books and National Steel Corp Negotiations pending; Continue
Records (Delaware) to October 12, 2004 Omnibus