DIVISIONS AND SUBSIDIARIES

CMC STEEL GROUP Marvin Selig Chairman & Chief Executive Officer Clyde P. Selig President & Chief Operating Officer Hugh M. Ghormley President, Fabrication Plants Dolph C. Morrison Executive Vice President Byron Henderson Senior Vice President H. Avery Hilton, Jr. Senior Vice President Jeff H. Selig Vice President Binh K. Huynh Vice President Commercial Operations Russell Rinn Vice President Phil Seidenberger Vice President Kyle K. Kraft Controller HOWELL METAL COMPANY A. Leo Howell President James K. Forkovitch Vice President Willard G. Williams Controller SECONDARY METALS PROCESSING DIVISION Harry J. Heinkele President Richard L. Goulde MIS Director Robert J. Melendi Vice President - Marketing & Sales Carl J. Nastoupil Vice President & Controller Joseph R. Reichard Chief Engineer COMETALS Eliezer Skornicki President John Rothschild Executive Vice President Richard Conk Vice President & Controller Dennis C. Gates Vice President Sergei Frolov Director CMC Cometals, Inc. Heidi R. Schumacher General Manager Cometals China, Inc. DALLAS TRADING DIVISION J. Matthew Kramer Executive Vice President Albert Lee Manager - New Steel Jeffrey G. Vance Manager - Nonferrous Products Brad A. Cottrell Manager - Ferrous Trading Ellen M. Derington Manager - Trading Services James Widman Manager - Traffic Jim R. Hodges Controller INTERNATIONAL DIVISION Murray R. McClean President Michael Arwas Executive Vice President Hanns Zoellner Senior Vice President

Hans-Ruedi Meuwly Controller Roland Wismer Treasurer Ruedi Auf der Maur General Manager CMC Trading AG Paul Rietmeijer General Manager CMC Trading AG William Li General Manager CMC International (S.E. Asia) Pte. Ltd. Kevin S. Aitken Director CMC (Australia) Pty. Ltd. John Paterson General Manager - Industrial Division CMC (Australia) Pty. Ltd. Mark Morrison General Manager - Steel CMC (Australia) Pty. Ltd. Ian Massey General Manager - Steel CMC (Australia) Pty. Ltd. Dick Sands Managing Director CMC (UK) Ltd. Tony Cresswell General Manager CMC (UK) Ltd. Jimmy Dee General Manager CMC Fareast Ltd. Klaus Marschall General Manager Commercial Metals Deutschland GmbH COMMONWEALTH METAL Charles J. Shrem President Henry J. Shrem Senior Vice President Eugene L. Vastola Vice President - Commercial Steven E. Shur Vice President Charles J. Schaffer Vice President TRANSFER AGENT AND REGISTRAR ChaseMellon Shareholder Services, LLC Overpeck Centre 85 Challenger Road Ridgefield Park, NJ 07660-2104 (800) 635-9270 AUDITORS Deloitte & Touche LLP Dallas, Texas ANNUAL MEETING January 28, 1999 10:00 A.M. C.S.T. Cityplace Conference Center Lakewood I & II 2711 North Haskell Dallas, Texas STOCK EXCHANGE LISTING New York Stock Exchange Symbol: CMC EXECUTIVE OFFICES 7800 Stemmons Freeway Dallas, Texas 75247 Telephone: (214) 689-4300 Fax: (214) 689-5886 FORM 10-K Copies of the Corporation's Form 10-K are available from Secretary Commercial Metals Company P. O. Box 1046 Dallas, Texas 75221-1046 WEB SITE http://www.commercialmetals.com