ArcelorMittal Announces Adjustment in the Offer Price for ArcelorMittal Inox Brasil S.A. (Previously Named Acesita S.A.)

Regulatory News:

ArcelorMittal hereby announces that the price offered in the delisting tender offer (“Offer”) for all shares of Arcelor Mittal Inox Brasil S.A. (previously named Acesita S.A.) (“Company”) is being reduced to reflect the interim dividends declared by the Company in a Notice to Shareholders dated March 14, 2008, in accordance with the terms of section 1.5.3 of the Offer Notice published on March 5, 2008.

The price offered by ArcelorMittal was R$ 100.00 per common share and R$ 100.00 per preferred share of the Company, and, after the subtraction of the interest on equity already declared on December 19, 2007 and the declaration of interim dividends referred to herein, the offer price will be R$94.55 per common share and R$94.00 per preferred share, still subject to adjustment by the Referential Rate – TR plus 6% per year, starting February 28th, 2008 through to the Offer auction date (April 4, 2008). At the current exchange rate, this transaction will represent a cash disbursement of up to around US$1.76 billion.

Further information regarding the Offer is included in the Offer Notice and related documentation, available on the following websites:

ArcelorMittal Inox Brasil S.A. (www.acesita.com.br)

Banco Santander S.A. (www.superbroker.com.br)

Commissão de Valores Mobiliários (www.cvm.gov.br)

Important Information

This document does not constitute an offer to acquire Company securities in any jurisdiction.

Any offer that may be made will be made to all holders of shares of the Company located in Brazil. In addition, holders of shares of the Company located outside of Brazil may participate in the offer on the condition that such holders are permitted to do so under the laws and regulations of the jurisdiction in which they are located.

No copy of this document has been or should be distributed or sent to Canada, Japan or Australia.

About ArcelorMittal

ArcelorMittal is the world's largest and most global steel company, with 310,000 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 28 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 unaudited financials for 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 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).