ArcelorMittal Acquires M.T. Majdalani Y Cia. S.A., Consolidates Its Position in the South American Stainless Steel Distribution Market

Regulatory News:

ArcelorMittal, the world's largest steel company, has announced its acquisition of M.T. Majdalani Y Cia. S.A., the leading stainless steel service center and distributor in Argentina. The transaction is being reviewed by the competition authorities.

M.T. Majdalani Y Cia. S.A., founded in 1941 and until now entirely owned by the Majdalani family, employs 75 people in one site located in Buenos Aires. It sold about 12.000 tonnes in 2006 with a turnover of 46 million USD. It specializes in flat stainless steel products with cut to length and slitting facility. Its sales of sheets and tubes create a highly complementary product mix and activity which is aligned with ArcelorMittals stainless steel activities in South America.

Highly oriented towards its end users, M.T. Majdalani y Cia. S.A. is an efficient company with strongly motivated personnel which integrates perfectly within ArcelorMittals growth plan.

About ArcelorMittal

ArcelorMittal is the world's number one steel company, with 320,000 employees in more than 60 countries. The company brings together the world's number one and number two steel companies, Arcelor and Mittal Steel.

ArcelorMittal is the leader in all major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in 27 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.

ArcelorMittal key pro forma financials for 2006 show combined revenues of USD 88.6 billions, with a crude steel production of 118 million tonnes, representing around 10 per cent of world steel output.

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

Contacts:

ArcelorMittal Investor Relations
Europe, +352 4792 2414
Americas, +1 312 899 3569
Retail, +352 4792 2434
SRI, +44 203 214 2854
Bonds/Credit, +33 1 71 92 10 26
or
ArcelorMittal Communications
E-mail: press@arcelormittal.com
Phone: +352 4792 5000
or
ArcelorMittal Corporate Communications
Mark Mann, +44 203 214 2867
Jean Lasar, +352 4792 2359
or
Maitland Consultancy:
Lydia Pretzlik / Martin Leeburn, + 44 20 7379 5151
or
Belgium
Comfi
Charles-Hubert Gernaert, +32 2 290 90 90
or
North America
Bill Steers, +1 312 899 3817
or
Netherlands
Smink, Van der Ploeg & Jongsma
Leon Melens, +31 20 647 81 81
or
Germany
Herring Schuppener
Phoebe Kebbel, +49 69 92 18 74 77
or
France
Sandra Luneau, +33 1 71 92 00 58
or
Image 7
Anne France Malrieu / Tiphaine Hecketsweiler
+33 1 5370 7470
or
Spain
Ignacio Agreda, +34 94 489 4162
Oscar Fleites, +34 98 512 60 29
Keith Grant, +34 639 760 397

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