ArcelorMittal And Laiwu Steel Announce Termination of Share Purchase Contract

Regulatory News:

ArcelorMittal and Laiwu Steel announce that the Share Purchase contract they signed in February 2006 will not be extended beyond 31st December 2007. As of December 2007, the contract had not received the required approval from the relevant government organisations.

Commenting, Lakshmi N. Mittal, President and CEO of ArcelorMittal, said: We continue to view China as an important market and will continue to look for opportunities where the company can add value to Chinas Steel Industry.

Mr Jiang Kaiwen, Chairman of Laiwu Steel, added, ArcelorMittal is well known as one of the most sophisticated producers of steel products. We are disappointed that we will not have the opportunity to directly benefit from this as strategic equity partners, but we hope we may have other opportunities to work closely together in the future.

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 billion, 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:

Contact information 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
Contact information ArcelorMittal Communications
E-mail: press@arcelormittal.com
Phone: +352 4792 5000
or
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
Belgium
Charles-Hubert Gernaert, Comfi, +32 2 290 90 90
North America
Bill Steers
+1 312 899 3817
Netherlands
Leon Melens, Smink, Van der Ploeg & Jongsma,
+31 20 647 81 81
Germany
Phoebe Kebbel, Herring Schuppener,
+49 69 92 18 74 77
France
Sandra Luneau
+33 1 71 92 00 58
Image 7 - Anne France Malrieu /
Tiphaine Hecketsweiler
+33 1 5370 7470
Spain
Ignacio Agreda
+34 94 489 4162
Oscar Fleites
+34 98 512 60 29
Keith Grant
+34 639 760 397

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