X0303 4 2008-11-11 0001362614 NOVAMERICAN STEEL INC. TONS 0001066128 PLAYFORD GILBERT E C/O NOVAMERICAN STEEL INC. 1050 UNIVERSITY AVENUE NORWOOD MA 02062 1 0 1 0 0001448218 Gilbert E. Playford Revocable Trust 5200 ST. ANDREWS ISLAND DRIVE VERO BEACH FL 32967 0 0 1 0 Common Stock 1955470 I Held through a limited partnership Common Stock 2008-11-11 4 P 0 34700 1.00 A 1609126 I Held by trust Common Stock 2008-11-12 4 P 0 319300 1.00 A 1928426 I Held by trust Common Stock 12943 I Held through a limited partnership Common Stock 182243 I Held through a limited partnership Common Stock 579766 I Held through a limited partnership Common Stock 776869 I Held by trust Common Stock 67108 I Held by spouse by trust Warrants 5.50 2008-11-12 4 P 0 125000 .20 A 2008-03-07 2011-03-07 Common Stock 125000 1874295 I Held by trust These securities are held directly by Playford SPAC Portfolio, Ltd. ("Portfolio"), a limited partnership of which Mr. Playford is a 24.8% limited partner and Playford's Grantor Retained Annuity Trust is a 75% limited partner. The remaining 0.2% of the outstanding partnership interest is owned by the general partner of Portfolio, Playford SPAC Management Corp., of which Playford is the sole beneficial and record owner. These securities are held by Gilbert E. Playford Revocable Trust, a revocable trust, of which the reporting person is the settler and sole trustee. Represents the reporting person's pecuniary interest in the securities owned by Playford Holding, Ltd., a partnership of which Mr. Playford is the general partner. Represents the reporting person's pecuniary interest in the Gilbert E. Playford 2007 Charitable Remainder Trust U/A/O 6/12/07, a trust of which the reporting person is trustee. Represents the reporting person's pecuniary interest in the securities held by Playford Family Limited Partnership. The sole general partner of Playford Family Limited Partnership is Playford Management LLC, of which the reporting person is the sole member. The general partner holds .653% of the outstanding partnership interests. The remainder of the reporting person's pecuniary interest in Playford Family Limited Partnership is held through Gilbert E. Playford Revocable Trust, a revocable trust, of which the reporting person is the settler and sole trustee. Gilbert E. Playford Revocable Trust, a limited partner, holds 10% of the outstanding partnership interests. The remaining outstanding partnership interests (89.347%) are held by two limited partners, each of which is an irrevocable trust he created for his children who are neither members of his household nor supported by him. The reporting person is not a trustee of either irrevocable trust. The reported securities are held by Playford Grandkids Limited Partnership whose sole general partner and 0.1% owner is Playford Management LLC, of which the reporting person is the sole member. All of the outstanding limited partnership interests of such limited partnership are held by the 2007 Playford Grandkids Gift Trust U/A/D 5/2/07. The reporting person disclaims beneficial ownership of such securities except as to his pecuniary interest therein. These securities are held by the Cheryle Darlene Playford Revocable Trust, of which the reporting person's spouse is the sole trustee. /s/ Karen G. Narwold, as Attorney-in-Fact 2008-11-13