Oct 28 (Reuters) - Ryerson Holding Corp ( RYI ):

* RYERSON AND OLYMPIC STEEL ANNOUNCE MERGER AGREEMENT

* OLYMPIC STEEL INC ( ZEUS ) - SHAREHOLDERS TO RECEIVE 1.7105 RYERSON

SHARES PER SHARE

* OLYMPIC STEEL INC ( ZEUS ) - MERGER EXPECTED TO GENERATE $120

MILLION IN

ANNUAL SYNERGIES

* OLYMPIC STEEL INC ( ZEUS ) - MICHAEL D. SIEGAL TO BE CHAIRMAN OF

COMBINED

COMPANY

* OLYMPIC STEEL INC ( ZEUS ) - EDDIE LEHNER TO BE CEO, RICHARD T.

MARABITO

AS PRESIDENT AND COO

* OLYMPIC STEEL INC ( ZEUS ) - WILL OWN APPROXIMATELY 37% OF COMBINED

COMPANY

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