ArcelorMittal

Profile

Year in which incorporated: June 2006

Historic agreement to create the No.1 Global Steel Company

Creating the world's largest steel company, Mittal Steel and Arcelor reach an agreement

to combine the two companies in a merger of equals. The terms of the transaction were

reviewed by the Boards of Arcelor and Mittal Steel which each recommended the

transaction to their shareholders. The combined group, domiciled and headquartered in

Luxembourg, is named Arcelor Mittal.

Demonstrating the commitment to extend markets in developing nations, a strategic

partnership between Arcelor Mittal and SNI (Société Nationale d'Investissement) is

concluded concerning the development of Sonasid. This consolidates and develops the

position of Sonasid on the Moroccan market, allowing the company to benefit from the

transfer of Arcelor Mittal's technologies and skills in the long carbon steel product sector.

ArcelorMittal is the world's number one steel company, present in more than 60

countries. It has led the consolidation of the world steel industry and today ranks as the

only truly global steelmaker.

ArcelorMittal is the leader in all major global markets, including automotive,

construction, household appliances and packaging. The Group leads in R&D and

technology, holds sizeable captive supplies of raw materials and operates extensive

distribution networks.

Its industrial presence in Europe, Asia, Africa and America gives the Group exposure to

all the key steel markets, from emerging to mature. ArcelorMittal will be looking to

develop positions in the high-growth Chinese and Indian markets.

ArcelorMittal key financials for 2008 show revenues of $124.9 billion and crude steel

production of 103.3 million tonnes, representing approximately 10% of world steel

output.

ArcelorMittal is listed on the stock exchanges of Paris (MT), Amsterdam (MT), New York

(MT), Brussels (MT), Luxembourg (MT) and on the Spanish stock exchanges of

Barcelona, Bilbao, Madrid and Valencia (MTS).

Nature of Business Diversifiation

ArcelorMittal is the only producer offering the full range of steel products and services.

From commodity steel to value-added products, from long products to flat, from standard

to specialty products, from carbon steel to stainless steel and alloys, ArcelorMittal offers

a complete spectrum of steel products - and supports it with continuous investment in

process and product research.

This section provides you with an overview of ArcelorMittal's product portfolio.

The services offered are:

Automotive

Construction

Distribution

Flat

International

Long

Mining

Projects

Shared Service Centers

Stainless

Steel Service Centers

Total Offer Processing

Tubular Products

Wire Solutions

Other Activities

Price Extras Lists

ArcelorMittal has 320,000 employees in more than 60 countries. The company has led

the consolidation of the world steel industry, with current production equivalent to around

10% of the world’s steel output.

% Organizational Structure

Lakshmi Mittal (owner of Mittal Steel), a non-resident Indian, is the Chairman and CEO.

The composition of ArcelorMittal's Group Management Board is as follows: Lakshmi N.

Mittal (Chairman and CEO), Aditya Mittal (CFO), Michel Wurth, Gonzalo Urquijo, Sudhir

Maheshwari, Christophe Cornier, Davinder Chugh.

ArcelorMittal's 16-member Board of Directors is responsible for the overall supervision of

the company. The composition of the Board of Directors reflects the principles agreed

upon in the memorandum of understanding dated 25 June 2006.

Board of Directors:

1. Lakshmi N Mittal

2. Lewis B Kaden

3. Vanisha Mittal Bhatia

4. Narayanan Vaghul

5. Wilbur L Ross

6. François Pinault

7. José Ramón Álvarez Rendueles

8. Sergio Silva de Freitas

9. Georges Schmit

10. Michel Angel Marti

11. Jean-Pierre Hansen

12. John O Castegnaro

13. Antoine Spillmann

14. H.R.H. Prince Guillaume de Luxembourg

15. Ignacio Fernández Toxo

16. Malay Mukherjee

Senior Management - Management Committee

Name – Age – Position

Bhikam Agarwal – 56 - Executive Vice President, Head of Finance

Vijay Bhatnagar – 61 - Executive Vice President, CEO India

José Armando Campos – 60 - Executive Vice President, CEO Flat South

America

Philippe Darmayan – 56 - Executive Vice President, CEO Steel Solutions

and Services

Bernard Fontana – 47 - Executive Vice President, Head of Human Resources

Jean-Yves Gilet – 52 - Executive Vice President, CEO Stainless

Pierre Gugliermina – 57 - Executive Vice President, Chief Technology Officer

Robrecht Himpe – 50 - Executive Vice President, CEO Flat Europe

Peter Kukielski – 52 - Senior Executive Vice President, Head of Mining

Carlo Panunzi – 59 - Executive Vice President, CEO Long Americas

Michael Pfitzner – 59 - Executive Vice President, Head of Marketing

and Commercial Coordination

Arnaud Poupart-Lafarge – 43 - Executive Vice President, CEO Africa and CIS

Gerhard Renz – 61 - Executive Vice President, CEO Long Europe

Michael Rippey – 51 - Executive Vice President, CEO USA

Lou Schorsch – 59 - Executive Vice President, CEO Flat Americas

Bill Scotting – 50 - Executive Vice President, Head of Strategy

John Macnamara – 58 - Vice President, Health and Safety

NOTE: Age as of December 31, 2008

Effective at December 15, 2008

Key Operating Industries

Flat Carbon Americas

Subsidiary (full legal name) Registered Office Percentage ownership

ArcelorMittal Dofasco Inc. 1330 Burlington Street East, P.O. Box 2460,

L8N 3J5 Hamilton, Ontario, Canada

100%

ArcelorMittal Lázaro Cárdenas S.A.

de C.V.

Fco. J. Mujica No. 1-B, Apartado Postal No.

19-A,

C.P. 60950, Cd. Lázaro Cárdenas,

Michoacán, Mexico

100%

ArcelorMittal USA Inc. 1 South Dearborn

Chicago, IL 60603, USA

100%

Companhia Siderúrgica de

Tubarão S.A.

Av. Brigadeiro Eduardo Gomes, 930, Jardim

Limoeiro

29163-970 Serra, Espírito Santo, Brazil

100%

Flat Carbon Europe


Acería Compacta de Bizkaia S.A. 6 Chavarri, 48910 Sestao,

Vizcaya, Spain

79.78%

Arcelor Produits Plats Wallonie Quai du Halage, 10

4400 Flémalle, Belgium

100%

Arcelor Steel Belgium N.V. Avenue de l'Yser, 24

1040 Brussels, Belgium

99.82%

ArcelorMittal Atlantique et Lorraine

SAS

1 à 5, rue Luigi Cherubini

93200 Saint-Denis, France

100%

ArcelorMittal Bremen GmbH Carl-Benz Str. 30

D-28237 Bremen, Germany

100%

ArcelorMittal Eisenhüttenstadt

GmbH

Werkstr. 1

D-15890 Eisenhüttenstadt, Brandenburg,

Germany

100%

ArcelorMittal España S.A. Residencia La Granda

33418 Gozon, Asturias, Spain

99.79%

ArcelorMittal Flat Carbon Europe

SA

Avenue de la Liberté, 19

L-2930 Luxembourg, Luxembourg

99.82%

ArcelorMittal Galati S.A. Strada Smardan nr. 1

Galati, Romania

99.65%

ArcelorMittal Méditerranée SAS 1 à 5, rue Luigi Cherubini


100%

ArcelorMittal Ostrava a.s. Vratimovska 689

707 02 Ostrava-Kuncice, Czech Republic

85.47%1

ArcelorMittal Packaging SA 1 à 5, rue Luigi Cherubini


100%

ArcelorMittal Piombino S.p.a. Via S. Egidio nr.16 99.79%

50123 Firenze, Italy

ArcelorMittal Poland S.A. Ul. Chorzowska 50

40-121 Katowice, Poland

98.99%1

Cockerill Sambre S.A. Rue Trasenster, 21

4102 Seraing, Belgium

100%

Industeel Belgium S.A. Rue de Châtelet, 266

6030 Charleroi, Belgium

100%

Industeel France S.A. 1 à 5, rue Luigi Cherubini


100%

Long Carbon Americas and Europe

Subsidiary (full legal

name)

Registered Office Percentage ownership

Acindar Industria

Argentina de Aceros

S.A.

2739, Estanislao

Zeballos

B1643 AGY Buenos

Aires, Argentina

65.21%2

Arcelor Huta Warszawa

Sp.z.o.o.

UL. Kasprowicza 132

01-949 Warszawa,

Poland

100%

ArcelorMittal Belval &

Diferdange SA

66, rue de

Luxembourg

4221 Esch-sur-Alzette,

Luxembourg

99.82%

ArcelorMittal Bergara

S.A.

6, C/Ibarra

20570 Bergara, Spain

99.79%

ArcelorMittal Brasil S.A. 1115, avenida

Carandai, 24° Andar,

30130-915

Belo Horizonte, Minos

Gerais, Brazil

100%

ArcelorMittal

Commercial Sections

SA

66, rue de

Luxembourg

4221, Esch-sur-

Alzette, Luxembourg

99.82%

ArcelorMittal Hamburg

GmbH

Dradenaustrasse 33

D-21129 Hamburg,

Germany

100%

ArcelorMittal Hochfeld

GmbH3

Wörthstrasse 125

D-47053 Duisburg,

Germany

100%

ArcelorMittal Madrid

S.L.

Ctra. De Toledo KM

9,200

28021 Madrid, Spain

99.79%

ArcelorMittal Olaberría S.L. Carretera Nacional Madrid - Irun S/N

20212 Olaberría, Spain

99.79%

ArcelorMittal Ostrava a.s. Vratimovska 689

707 02 Ostrava-Kuncice, Czech Republic

85.47%1

ArcelorMittal Point Lisas Ltd. Mediterranean Drive

Point Lisas, Couva, Trinidad and Tobago

100%

ArcelorMittal Poland S.A. Ul. Chorzowska 50

40-121 Katowice, Poland

98.99%1

ArcelorMittal Rodange &

Schifflange S.A.

1, rue de l'Industrie, BP24

4801 Rodange, Luxembourg

79.70%

ArcelorMittal Ruhrort GmbH3 Vohwinkelstrasse 107

D-47137 Duisburg, Germany

100%

ArcelorMittal USA Inc. 1 South Dearborn

Chicago, IL 60603, USA

100%

Mittal Canada Inc. 4000, route des Aciéries, Contrecoeur

Québec J0L 1C0, Canada

100%

ArcelorMittal las Truchas, S.A. de

C.V.

Francisco J Mujica 160950,

Lázaro Cárdenas, Michoacán, Mexico

99.87%

AACIS


ArcelorMittal Annaba Spa Sidi Amar, El-Hadjar Complex

B.P. 2055 Annaba 23000, Algeria

70%

ArcelorMittal South Africa Ltd. Main Building, Room N3/5, Delfos Boulevard

Vanderbijlpark, 1911, South Africa

52.02%

JSC ArcelorMittal Temirtau Republic Avenue 1, 101407 Temirtau

Karaganda Region, Republic of Kazakhstan

100%

Mittal Steel Liberia Limited 401, Ocean View Apartments

UN Drive, Monrovia, Liberia

70%

OJSC ArcelorMittal Kryviy Rih 1 Ordzhonikidze Street, Kryviy Rih,

50095 Dnepropetrovsk Oblast, Ukraine

94.67%

Société Nationale de Sidérurgie

S.A.

Route Nationale n°2 Km 18

BP 551 Al Aarroui, Morocco

32.34%4

Stainless Steel


ArcelorMittal Inox Brasil S.A. Avenida Joao Pinheiro, 580 Centro

30130-180 Belo Horizonte, Minas Gerais,

Brazil

57.32%5

ArcelorMittal Stainless Belgium Avenue de l'Yser, 24

1040 Brussels, Belgium

99.82%

ArcelorMittal Stainless France 1 à 5, rue Luigi Cherubini


100%

ArcelorMittal Stainless & Nickel

Alloys

BP 1

58160 Imphy, France

99.99%6

Steel Solutions and Services


ArcelorMittal Construction France

S.A.

Immeuble Hermès, 20, rue Jacques Daguerre

92500 Rueil Malmaison, France

100%

Arcelor International America, LLC 1, South Dearborn Street

60603 Chicago, USA

100%

ArcelorMittal Auto Processing

France SAS

Route de Saint Leu d'Esserent

60160 Montataire, France

100%

ArcelorMittal International FZE Jebel Ali Free Zone, LOB 15523

PO Box 17619 Dubai, United Arab Emirates

99.82%

ArcelorMittal Stalhandel GmbH Gutenbergstrasse 11

D-33790 Halle, Germany

100%

1 Represents the percentage of shares to which ArcelorMittal has title or that are

subject to an executed agreement providing for their transfer to ArcelorMittal at a

fixed price and future date. 2 Acindar Industria Argentina de Aceros S.A. is

controlled by ArcelorMittal Brasil, a subsidiary of ArcelorMittal. 3 ArcelorMittal

Ruhrort and ArcelorMittal Hochfeld are together referred to as ArcelorMittal

Duisburg. 4 Société Nationale de Sidérurgie, S.A. is controlled by Nouvelles

Sidérurgies Industrielles, a subsidiary of ArcelorMittal.5 Offer underway for

outstanding shares. 6 ArcelorMittal Stainless & Nickel Alloys is controlled by

ArcelorMittal France, a subsidiary of ArcelorMittal.

Financial Analysis

ArcelorMittal's most recently released market cap figure is $34.02 billion. In 2007,

ArcelorMittal had sales of $105.2 billion, up 78.7% from $58.9 billion in 2006. Its net

income was $11.9 billion with a net profit margin of 11.3%. The company attributed this

increase in sales to the acquisition of Arcelor by Mittal Steel on 1 August 2006.

In 2006, ArcelorMittal had sales of 58,9 billion, up 109.3% from $28.1 billion in 2005. Its

net income was $6.1 billion with a net profit margin of 10.4%. Since September 2006,

ArcelorMittal has issued dividends to shareholders that represented 30% of

ArcelorMittal's profits.

Business Segments[edit]

ArcelorMittal's six business segments are Flat Carbon Americas, Flat Carbon Europe,

Long Carbon Americas and Europe, AACIS, Stainless Steel, and Steel Solutions and

Services.

Flat Carbon Americas (21.8% of total sales and 20.1% of operating income in

2007)

Flat Carbon Americas makes a range of flat carbon steel products, including slab, hot-

rolled, cold-rolled and coated plates and sheets. In 2007, this segment accounted for

27.9 million tonnes in steel shipments, $22.9 billion in sales and $3.0 billion in operating

income.

In North America, ArcelorMittal USA and ArcelorMittal Hamilton are the largest flat-rolled

supplier in the United States and Canada respectively. In 2007, more than 25% of the

14 million tonnes of steel shipped by ArcelorMittal USA was consumed by the United

States automotive industry. In the same year, more than 25% of the 4.5 million tonnes of

steel shipped by ArcelorMittal Hamilton was consumed by the NAFTA automotive

industry. ArcelorMittal USA is also the largest plate producer in North America.

In South America, ArcelorMittal Tuburao and ArcelorMittal Lazaro Cardenas are the

largest slab producers in Brazil and Mexico respectively. In 2007, ArcelorMittal Tuburao

produced 7.5 million tonnes of slabs, making it the largest single-site operation in the

Southern hemisphere. In the same year, 4.0 million tonnes of slabs were produced by

ArcelorMittal Lazaro Cardenas, which specializes in high-quality slabs for high-strength

applications.

Flat Carbon Europe (32.8% of total sales and 28.0% of operating income in 2007)

Like Flat Carbon Americas, Flat Carbon Europe makes a range of flat carbon steel

products, including slab, hot-rolled, cold-rolled and coated plates and sheets. In 2007,

this segment accounted for 34.4 million tonnes in steel shipments, $34.6 billion in sales

and $4.1 billion in operating income. With major production facilities in Belgium, France,

Germany and Spain, this segment is the largest supplier of steel sheets to the European

automotive industry.

Highlights for the three months ended March 31, 2009

Shipments of 16.0 million tonnes, down 6% as compared to Q408

Sales of $15.1 billion, down 32% as compared to Q408

EBITDA1 of $0.9 billion, in-line with guidance

Net loss of $1.1 billion due in part to $1.2 billion exceptional charges pre-tax

Net debt of $26.7 billion at the end of Q109 and pro forma3 liquidity of $13.2

billion

Extension of maturity to 2012 of $6.34 billion in debt through Forward Start

facilities and completion of $1.6 billion (€1.25 billion) convertible bond issuance

on April 1, 2009

Marketing update:

Potential for price increase during Q209 and Q309 across major markets and

products

Enhanced industrial and financial plan:

Continuing temporary production cuts in-line with reduced demand

Industrial optimization measures implemented resulting in more than $6 billion of

annualized temporary fixed cost reductions in Q1 2009, and expected to increase

to more than $7.5 billion on an annualized basis in Q2 2009

Confirming target to achieve management gains of $2 billion of sustainable SG&A

and fixed cost reduction in 2009

Reiterating working capital rotation days6 target of 75-85 days during 2009

Re-affirming target to reduce net debt by $10 billion by the end of 2009

Guidance for second quarter 2009:

% EBITDA expected to be between $1.2-1.5 billion.

Commenting, Mr. Lakshmi N. Mittal, Chairman and CEO, ArcelorMittal, said:

“Strong measures have been taken to reduce our cost considerably and liquidity

remains healthy with an extended debt maturity profile. Although market conditions

remain challenging, a technical recovery is inevitable and ArcelorMittal will benefit from

this.

Financial highlights (on the basis of IFRS8, amounts in US$ and Euros9):

(In millions of US dollars except earnings per share and shipments data)

Results

US Dollars

Q1 2009 Q4 2008 Q1 2008

Shipments (million MT)10 16.0 17.1 29.2

Sales 15,122 22,089 29,809

EBITDA 883 2,808 5,044

Operating (loss) income11 (1,483) (3,466) 3,614

Net (loss) income (1,063) (2,632) 2,371

Basic (loss) earnings per

share

$(0.78) $(1.93) $1.69

(In millions of Euros except earnings per share and shipments data)

Results

Euros

Q1 2009 Q4 2008 Q1 2008

Shipments (million MT) 16.0 17.1 29.2

Sales 11,606 16,744 19,895

EBITDA 678 2,129 3,366

Operating (loss) income (1,138) (2,627) 2,412

Net (loss) income (816) (1,995) 1,582

Basic (loss) earnings per

share €(0.60)

€(1.46)

€1.13

1EBITDA is defined as operating income plus depreciation, impairment expenses and exceptional items. 2During the first

quarter of 2009, the Company recorded exceptional charges amounting to $1.2 billion pre-tax related primarily to write-

downs of inventory. 3Pro forma liquidity position includes the $1.6 billion (EUR 1.25 billion) cash proceeds from convertible

bond that settled on April 1, 2009.4Includes additional $0.3 billion of Forward Start facilities announced on April 28, 2009 5A

Forward Start facility is a committed facility to refinance an existing facility upon its maturity. 6Rotation days are defined as

days of accounts receivable plus days of inventory minus days of accounts payable. Days of accounts payable and

inventory are a function of cost of goods sold. Days of accounts receivable are a function of sales. 7Net debt reduction

target from September 30, 2008 level. 8The financial information in this press release and Appendix 1 has been prepared in

accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards

Board (“IASB”). While the interim financial information included in this announcement has been prepared in accordance

with IFRS applicable to interim periods, this announcement does not contain sufficient information to constitute an interim

financial report as defined in International Accounting Standards 34, “Interim Financial Reporting”. Unless otherwise noted

the numbers in the press release have not been audited. 9US Dollars have been translated into Euros using an average

exchange rate (US$/Euros) of 1.3029, 1.3192 and 1.4983 for Q1 2009, Q4 2008 and Q1 2008, respectively. 10Steel Solutions

and Services shipments are eliminated in consolidation as they represent shipments originating from other ArcelorMittal

operating subsidiaries. 11During the first quarter of 2009, the Company recorded exceptional charges amounting to $1.2

billion primarily related to write-downs of inventory. During the fourth quarter of 2008, the Company recorded exceptional

charges amounting to $4.4 billion related to write-downs of inventory and raw material supply contracts, and provisions for

workforce reduction and litigation.

Research dedicated to markets and products

ArcelorMittal's R&D is highly business-oriented, ensuring a shorter time-to-market and

improved competitiveness.

% Automotive

% Packaging

% Construction

% General industry

% Long products

% Stainless steels

% Special plates

Research dedicated to process

Process R&D is indispensable for the implementation of new steel products and

solutions but also to meet the following objectives:- cost reduction through improved

productivity and reliability in our production processes;- improved environmental

performance through reduced emissions; increased product and by-product recycling;

energy saving; flexibility in the use of raw materials and energy resources; and the

systematic study of the impact of our products and processes on the environment

through Life Cycle Assessment (LCA).

% Upstream process: from raw material selection to hot rolling operations

Downstream process: from cold rolling to coating and finishing operations.

Turnkey and Greenfield Projects

Arcelormittal has been very sensitive about its environmental footprint and is constantly

emphasizes ‘sustainability as a part of its policies’. It has a set of envioronmental

policies which the company follows:

On the other hand, Linde North America led a four-month, turnkey project to implement

the REBOX® flameless oxyfuel technology at the seamless tube mill. The result was a

25 percent increase in reheating capacity and a decrease in fuel consumption of 50

percent versus oxy-enrichment and 65 percent versus airfuel. The implementation also

delivered improved temperature uniformity for better piercing results, a 50 percent

reduction of scale formation and minimized nitrogen oxide (NOX) and carbon dioxide

(CO2) emissions. With this company, Arcelormittal has planned to help the company as

much as they can in the other projects like this.

Arcelormittal also has a foundation which does social responsibility work for the

company. The Casa Buna prototype wasin the ArcelorMittal facility in Pantelimon,

Bucharest. It uses a steel frame superstructure, steel roof tile system, steel rainwater

extraction system and a steel cladding. The model has been tested for energy efficiency

and carefully assessed to ensure comfort and adequate living space. As a result of its

partnership with Habitat for Humanity, in 2009 ArcelorMittal is constructing three ‘Casa

Buna’ homes (housing 12 families) in Romania. The Group is also providing funding for

critically needed renovations to more than 20 apartment block homes in the country.

These renovations also include measures to improve energy efficiency.

ArcelorMittal supports the European Regulation of 18 December 2006 concerning

the Registration, Evaluation, Authorisation and Restriction of Chemicals (REACH),

which entered into force on 1 June 2007.

Companies from the ArcelorMittal Group, like all European companies manufacturing,

importing or using chemical substances covered by REACH, are concerned by this new

European Regulation and will make every effort to comply with it, without compromising

their commercial relationships with customers.

ArcelorMittal is actively engaged in the REACH process and ensures that the

manufactured or imported substances on their own or in preparations are pre-registered

and will give notification of any substances of very high concern (SVHC) in articles,

according to REACH requirements.

Corporate Governance

Internal Control:

The management is responsible for internal control in the Company and it has implemented a risk management and control system, which is designed to ensure that significant risks are identified and are monitored. Furthermore, the system is designed to ensure compliance with relevant laws and regulations.The Company has mapped its internal control system in accordance with the recommendations of the Committee of Sponsoring organizations of the Treadway Commission (CoSo), which recommendations are aimed at providing a reasonable level of assurance.The Company’s risk management and internal control system is designed to determine risks in relation to the achievement of business objectives and appropriate risk responses.The Company’s approach towards risk management includes management reviews, reviews of the design and implementation of the Company’s risk management approach and reviews in business and functional audit committees. Based on those reviews, the management provides an assessment each year, as required by law, of the effectiveness of the Company’s internal control structure and the procedures for financial reporting. A management conclusion that internal control over financial reporting is effective means that management has identified no material weaknesses in the Company’s internal control over financial reporting.

Function of the Management Committee:

The primary function of Management Committee is to assist the Board of Directors (the “Board”) and, in particular, without being exhaustive:

Discuss and prepare group decisions on matters of group wide importance. Integrate the geographical dimension of the group. Ensure in-depth discussions with Company’s operational and resources leaders. Share information about the situation of the group and its markets.

The Board of Directors now has 3 committees: Audit Committee Appointments, Remuneration and Corporate Governance Committee Risk Committee

Shareholding Structure

The following table sets forth information on 30 June 2009 with respect to the beneficial

ownership and voting rights of ArcelorMittal shares by each person who is known to be

the beneficial owner of more than 5% ArcelorMittal's issued share capital and the

number of treasury shares.

Shares % of issued

shares

% of voting

rights

Nunber of shares issued 1,560,914,610

Number of issued shares

less treasury shares

1,507,987,423

Mittal family 637,088,263 40.82% 42.25%

Treasury shares 52,927,187 3.39% 0.00%

Other public shareholders 870,899,160 55.79% 57.75%

of which Luxembourg

State

38,965,330 2.50% 2.58%

Total 1,560,914,610 100.00% 100.00%

According to ArcelorMittal's articles of association, a shareholder owning 2.5% or more

of the share capital must notify ArcelorMittal. The only registered shareholder owning

2.5% or more but less than 5% of the share capital since 1 July 2008 is the

Luxembourg State with 38,965,330 shares representing 2.50% of the total issued

share capital or 2.58% of the issued share capital less the treasury shares.

Acquisition and Mergers

% 1989: Acquisition of Iron & Steel Company of Trinidad & Tobago

% 1992: Acquisition of Sibalsa

% 1994: Acquisition of Sidbec-Dosco

% 1995: Acquisitions of Hamburger Stahlwerke, which formed Ispat International

Ltd. and Ispat Shipping, and Karmet

% 1997: Acquisitions of Walzdraht Hochfeld GmbH and Stahlwerk Ruhrort

% 1997: Ispat International NV goes public

% 1998: Acquisition of Inland Steel Company

% 1999: Acquisition of Unimétal

% 2001: Acquisitions of ALFASID and Sidex

% 2002: Business assistance agreement signed with Iscor

% 2003: Acquisition of Nowa Huta

% 2004: Acquisitions of Polskie Huty Stali, BH Steel, Macedonian facilities from

Balkan Steel. Creation of Mittal Steel

% 2005: Hire Deloitte as the primary auditors for the company

% 2005: Acquisition of International Steel Group

% 2005: Acquisition of Kryvorizhstal

% 2005: Investment of $9 billion in Jharkhand, India announced

% 2006: Merger with Arcelor announced and completed after much controversy

% 2006: Investment for 12 million tonnes capacity steel plant announced in

Orissa, India

Bibliography

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