ArcelorMittal Announces Program to Buy Back up to a Maximum of 44 Million Shares

Regulatory News:

The ArcelorMittal Board of Directors has approved a new share buy-back program for up to a maximum of 44 million shares.

This new share buy-back program is aimed at offsetting the issuance of 44 million ArcelorMittal shares that took place in connection with the ArcelorMittal merger on November 13, 2007. This program would be realised in a 2-year time frame. It is ArcelorMittal's intention to use the repurchased shares either for supporting potential future corporate opportunities or for cancellation.

Further details on the new share buy-back program will be disclosed by ArcelorMittal in a press release that will be published before its commencement.

Investor notice

The share buy-back program does not constitute an offer to purchase or a solicitation of an offer to purchase any securities, or an invitation by or on behalf of ArcelorMittal to purchase any such securities in circumstances or in any jurisdiction in which such an offer or solicitation is unlawful.

The share buy-back program is not intended to constitute a tender offer by or on behalf of ArcelorMittal for its own shares. ArcelorMittal has taken no steps to allow for a tender offer for its own shares in any jurisdiction.

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).


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
ArcelorMittal Communications
Phone: +352 4792 5000
ArcelorMittal Corporate Communications
Nicola Davidson, +44 207 543 1162 / 1172
Jean Lasar, +352 4792 2359
Maitland Consultancy:
Lydia Pretzlik / Martin Leeburn, + 44 20 7379 5151
Charles-Hubert Gernaert, +32 2 290 90 90
North America
Bill Steers, +1 312 899 3817
Smink, Van der Ploeg & Jongsma
Leon Melens, +31 20 647 81 81
Herring Schuppener
Phoebe Kebbel, +49 69 92 18 74 77
Sandra Luneau, +33 1 71 92 00 58
Image 7
Anne France Malrieu / Tiphaine Hecketsweiler
+33 1 5370 7470
Ignacio Agreda, +34 94 489 4162
Oscar Fleites, +34 98 512 60 29
Keith Grant, +34 639 760 397

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