Company: ZEUS
Filing Date: 2025-10-30
Form Type: 425
Source: 0001193125-25-257069
Chunk: 62

Company: OLYMPIC STEEL INC
Filing Date: 2025-10-30
Form: 425
Chunk 62
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 in Arms Regulations (22 C.F.R. Parts 120–130), the Export Administration Regulations (15 C.F.R. Parts
730-774), the U.S. customs regulations at 19 C.F.R. Chapter 1, and the Foreign Trade Regulations (15 C.F.R. Part 30) (“”); and

(f) To the Knowledge of the Company, there is no current investigation, allegation, request for information, or other inquiry by any
Governmental Entity regarding the violation of Sanctions or Trade Control Laws by the Company.

3.20 . Except for the financial advisors’ fees set forth in of the Company Disclosure Schedule, neither the Company nor any of its Subsidiaries nor any of their respective officers or directors on
behalf of the Company or such Subsidiaries has employed any financial advisor, broker or finder or incurred any liability for any financial advisory fee, broker’s fees, commissions or finder’s fees in connection with any of the
Transactions. The Company will promptly after the date of this Agreement make available to Parent (on an outside counsel basis only) complete and correct copies of all engagement letters with its financial advisors.

3.21 . KeyBanc Capital Markets Inc. and Houlihan Lokey Capital, Inc., the Company’s financial
advisors, have each delivered to the Company Board their respective separate opinions in writing or orally, in which case, such opinion will be subsequently confirmed in writing, to the effect that, based upon and subject to the assumptions,
qualifications, limitations and other matters considered as set forth therein, as of the date thereof the Exchange Ratio pursuant to this Agreement is fair from a financial point of view to the holders of the shares of Company Common Stock (other
than Parent or Merger Sub or any direct or indirect wholly owned subsidiaries of the Company, Parent or Merger Sub). The Company will make available to Parent copies of such opinions as soon as practicable following the execution of this Agreement
for informational purposes only.

3.22 . The Company and its Subsidiaries maintain insurance in such amounts and against
such risks as the management of the Company has in good faith determined to be prudent and appropriate in all material respects. Except as has not had and would not reasonably be expected to have, individually or in the aggregate, a Company Material
Adverse Effect, (a) all insurance policies maintained by or on behalf of the Company or any of its Subsidiaries are in full force and effect, (b) all premiums and