Regulatory News:
NOT FOR DISTRIBUTION IN CANADA, JAPAN OR AUSTRALIA
ArcelorMittal confirms that the final price of the delisting tender offer (“Offer”) for all shares of Arcelor Mittal Inox Brasil S.A. (previously named Acesita S.A.) (“Company”) will be R$ 95.25 per common share and R$ 94.70 per preferred share, as per the pricing mechanism previously disclosed in the relevant Offer documents.
According to the terms of Section 1.5.1. and Section 1.5.3 of the Offer Notice, published on March 05, 2008 (Gazeta Mercantil newspaper), this value corresponds to the price of R$ 100.00 per common share and R$ 100.00 per preferred share of the Company, after the subtraction of interest on equity, declared on December 19, 2007, and interim dividends, declared on March 14, 2008, and the 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 may represent a cash disbursement of up to around US$1.71 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 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).
Contacts:
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
Haroon
Hassan
+44 20 3214 2867
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
Netherlands
+1 312 899 3817
Leon Melens, Smink,
Van der Ploeg
& Jongsma, +31 20 647 81 81
Germany
Phoebe
Kebbel, Herring Schuppener,
+49 69 92 18 74 77
France
Image
7 - Anne France Malrieu /
Tiphaine Hecketsweiler
+33 1
5370 7470
Spain
Ignacio Agreda
Oscar Fleites
Keith
Grant
+34 94 489 4162
+34 98 512 60 29
+34 639 760 397
