ArcelorMittal Acquires Austrian Steel Distribution Company

Regulatory News:

ArcelorMittal, the world's largest steel company, announces today that it has signed a Share Purchase Agreement to acquire 100% of the shares of the Austrian steel distribution company Eisen Wagner GmbH from the current owners. The transaction is designed to further enhance ArcelorMittal's presence in Central Europe and is subject to the approval of the competition authorities.

Eisen Wagner is one of the leading steel distribution companies in Austria. It sold 140,000 tons and out of this 60,000 tons of steel products were processed in 2007. Its last yearly turnover from the year ending 28 February 2007, was 127 million euros, for a staff of 262.

Gonzalo Urquijo, member of ArcelorMittal's Group Management Board and in charge of its Steel Solutions and Services division, commented: "This acquisition enables us to set foot in the very competitive and dynamic Austrian steel distribution market". "Once Eisen Wagner will be integrated into our Central European distribution network, it will allow ArcelorMittal to both strengthen its presence within this market and better serve its customers in Austria".

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:

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
Nicola Davidson, +44 207 543 1162 / 1172
Jean Lasar, +352 4792 2359
or
Maitland Consultancy:
Lydia Pretzlik / Martin Leeburn, +44 20 7379 5151
or
Belgium
Charles-Hubert Gernaert, Comfi, +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, +33 1 5370 7470
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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