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 owne

ArcelorMittal Dofasco Inc. 1330 Burlington Street East, P.O. Box 2460, 100%
L8N 3J5 Hamilton, Ontario, Canada

ArcelorMittal Lázaro Cárdenas S.A. Fco. J. Mujica No. 1-B, Apartado Postal No. 100%
de C.V. 19-A,
C.P. 60950, Cd. Lázaro Cárdenas,
Michoacán, Mexico

ArcelorMittal USA Inc. 1 South Dearborn 100%

Chicago, IL 60603, USA

Companhia Siderúrgica de Av. Brigadeiro Eduardo Gomes, 930, Jardim 100%

Tubarão S.A. Limoeiro
29163-970 Serra, Espírito Santo, Brazil

Flat Carbon Europe

Subsidiary (full legal name) Registered Office Percentage owne

Acería Compacta de Bizkaia S.A. 6 Chavarri, 48910 Sestao, 79.78%

Vizcaya, Spain

Arcelor Produits Plats Wallonie Quai du Halage, 10 100%

4400 Flémalle, Belgium

Arcelor Steel Belgium N.V. Avenue de l'Yser, 24 99.82%

1040 Brussels, Belgium
ArcelorMittal Atlantique et Lorraine 1 à 5, rue Luigi Cherubini 100%
SAS 93200 Saint-Denis, France

ArcelorMittal Bremen GmbH Carl-Benz Str. 30 100%

D-28237 Bremen, Germany

ArcelorMittal Eisenhüttenstadt Werkstr. 1 100%

GmbH D-15890 Eisenhüttenstadt, Brandenburg,
Germany

ArcelorMittal España S.A. Residencia La Granda 99.79%

33418 Gozon, Asturias, Spain

ArcelorMittal Flat Carbon Europe Avenue de la Liberté, 19 99.82%

SA L-2930 Luxembourg, Luxembourg

ArcelorMittal Galati S.A. Strada Smardan nr. 1 99.65%

Galati, Romania

ArcelorMittal Méditerranée SAS 1 à 5, rue Luigi Cherubini 100%

93200 Saint-Denis, France

ArcelorMittal Ostrava a.s. Vratimovska 689 85.47%1

707 02 Ostrava-Kuncice, Czech Republic

ArcelorMittal Packaging SA 1 à 5, rue Luigi Cherubini 100%

93200 Saint-Denis, France

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

50123 Firenze, Italy

ArcelorMittal Poland S.A. Ul. Chorzowska 50 98.99%1

40-121 Katowice, Poland

Cockerill Sambre S.A. Rue Trasenster, 21 100%

4102 Seraing, Belgium
Industeel Belgium S.A. Rue de Châtelet, 266 100%
6030 Charleroi, Belgium

Industeel France S.A. 1 à 5, rue Luigi Cherubini 100%

93200 Saint-Denis, France

Long Carbon Americas and Europe

Subsidiary (full legal Registered Office Percentage ownership

name)

Acindar Industria 2739, Estanislao 65.21%2

Argentina de Aceros Zeballos
S.A. B1643 AGY Buenos
Aires, Argentina

Arcelor Huta Warszawa UL. Kasprowicza 132 100%

Sp.z.o.o. 01-949 Warszawa,
Poland

ArcelorMittal Belval & 66, rue de 99.82%

Diferdange SA Luxembourg
4221 Esch-sur-Alzette,
Luxembourg

ArcelorMittal Bergara 6, C/Ibarra 99.79%

S.A. 20570 Bergara, Spain

ArcelorMittal Brasil S.A. 1115, avenida 100%

Carandai, 24° Andar,
30130-915
Belo Horizonte, Minos
Gerais, Brazil
ArcelorMittal 66, rue de 99.82%
Commercial Sections Luxembourg
SA 4221, Esch-sur-
Alzette, Luxembourg

ArcelorMittal Hamburg Dradenaustrasse 33 100%

GmbH D-21129 Hamburg,
Germany

ArcelorMittal Hochfeld Wörthstrasse 125 100%

GmbH3 D-47053 Duisburg,
Germany

ArcelorMittal Madrid Ctra. De Toledo KM 99.79%

S.L. 9,200
28021 Madrid, Spain

ArcelorMittal Olaberría S.L. Carretera Nacional Madrid - Irun S/N 99.79%

20212 Olaberría, Spain

ArcelorMittal Ostrava a.s. Vratimovska 689 85.47%1

707 02 Ostrava-Kuncice, Czech Republic

ArcelorMittal Point Lisas Ltd. Mediterranean Drive 100%

Point Lisas, Couva, Trinidad and Tobago

ArcelorMittal Poland S.A. Ul. Chorzowska 50 98.99%1

40-121 Katowice, Poland

ArcelorMittal Rodange & 1, rue de l'Industrie, BP24 79.70%

Schifflange S.A. 4801 Rodange, Luxembourg

ArcelorMittal Ruhrort GmbH3 Vohwinkelstrasse 107 100%

D-47137 Duisburg, Germany
ArcelorMittal USA Inc. 1 South Dearborn 100%
Chicago, IL 60603, USA

Mittal Canada Inc. 4000, route des Aciéries, Contrecoeur 100%

Québec J0L 1C0, Canada

ArcelorMittal las Truchas, S.A. de Francisco J Mujica 160950, 99.87%

C.V. Lázaro Cárdenas, Michoacán, Mexico

AACIS

Subsidiary (full legal name) Registered Office Percentage owne

ArcelorMittal Annaba Spa Sidi Amar, El-Hadjar Complex 70%

B.P. 2055 Annaba 23000, Algeria

ArcelorMittal South Africa Ltd. Main Building, Room N3/5, Delfos Boulevard 52.02%
Vanderbijlpark, 1911, South Africa

JSC ArcelorMittal Temirtau Republic Avenue 1, 101407 Temirtau 100%

Karaganda Region, Republic of Kazakhstan

Mittal Steel Liberia Limited 401, Ocean View Apartments 70%

UN Drive, Monrovia, Liberia

OJSC ArcelorMittal Kryviy Rih 1 Ordzhonikidze Street, Kryviy Rih, 94.67%

50095 Dnepropetrovsk Oblast, Ukraine

Société Nationale de Sidérurgie Route Nationale n°2 Km 18 32.34%4

S.A. BP 551 Al Aarroui, Morocco

Stainless Steel
Subsidiary (full legal name) Registered Office Percentage owne

ArcelorMittal Inox Brasil S.A. Avenida Joao Pinheiro, 580 Centro 57.32%5
30130-180 Belo Horizonte, Minas Gerais,
Brazil

ArcelorMittal Stainless Belgium Avenue de l'Yser, 24 99.82%

1040 Brussels, Belgium

ArcelorMittal Stainless France 1 à 5, rue Luigi Cherubini 100%

93200 Saint-Denis, France

ArcelorMittal Stainless & Nickel BP 1 99.99%6

Alloys 58160 Imphy, France

Steel Solutions and Services

Subsidiary (full legal name) Registered Office Percentage owne

ArcelorMittal Construction France Immeuble Hermès, 20, rue Jacques Daguerre 100%
S.A. 92500 Rueil Malmaison, France

Arcelor International America, LLC 1, South Dearborn Street 100%

60603 Chicago, USA

ArcelorMittal Auto Processing Route de Saint Leu d'Esserent 100%

France SAS 60160 Montataire, France

ArcelorMittal International FZE Jebel Ali Free Zone, LOB 15523 99.82%
PO Box 17619 Dubai, United Arab Emirates

ArcelorMittal Stalhandel GmbH Gutenbergstrasse 11 100%

D-33790 Halle, Germany
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 forma 3 liquidity of $13.2
billion
 Extension of maturity to 2012 of $6.3 4 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)
 US Dollars

Results 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 $(0.78) $(1.93) $1.69

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

Euros

Results 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 €(1.46)

share €(0.60) €1.13

1
EBITDA 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 $0.3 billion of Forward Start facilities announced on April 28, 2009 5A
Forward Start facility is a committed facility to refinance an existing facility upon its maturity. 6Rotation days are defined as
days of accounts receivable plus days of inventory minus days of accounts payable. Days of accounts payable and
inventory are a function of cost of goods sold. Days of accounts receivable are a function of sales. 7Net debt reduction
target from September 30, 2008 level. 8The financial information in this press release and Appendix 1 has been prepared in
accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards
Board (“IASB”). While the interim financial information included in this announcement has been prepared in accordance
with IFRS applicable to interim periods, this announcement does not contain sufficient information to constitute an interim
financial report as defined in International Accounting Standards 34, “Interim Financial Reporting”. Unless otherwise noted
the numbers in the press release have not been audited. 9US Dollars have been translated into Euros using an average
10
exchange rate (US$/Euros) of 1.3029, 1.3192 and 1.4983 for Q1 2009, Q4 2008 and Q1 2008, respectively. Steel Solutions
and Services shipments are eliminated in consolidation as they represent shipments originating from other ArcelorMittal
11
operating subsidiaries. During 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 % of voting

shares rights

Nunber of shares issued 1,560,914,610    

Number of issued shares 1,507,987,423   

less treasury shares

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 38,965,330 2.50% 2.58%

State

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
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