Regulatory News:
ArcelorMittal is pleased to announce the results of the auction held Friday, April 4, 2008, on the Sao Paulo Stock Exchange ("BOVESPA") in connection with the delisting offer ("Offer") to acquire all of the remaining outstanding shares of ArcelorMittal Inox Brasil S.A. ("ArcelorMittal Inox Brasil") that are not yet owned by ArcelorMittal or any of its affiliates, as described in the Notice of Public Tender Offer for Acquisition of Common and Preferred Shares issued by ArcelorMittal Inox Brasil S.A. registered with the CVM ("Notice").
As of the close of the auction, in the aggregate, 1,008,306 common shares and 28,954,035 preferred shares of ArcelorMittal Inox Brasil were tendered, representing 40.32% of the total share capital and 94.77% of the free float of ArcelorMittal Inox Brasil. Following the auction on April 4, 2008, an additional 97 common shares and 11,459 preferred shares of ArcelorMittal Inox Brasil were acquired by ArcelorMittal. With these additional purchases, the total number of shares acquired represents 40.33% of the total share capital and 94.81% of the free float of ArcelorMittal Inox Brasil.
As a result of the acceptance of the Offer by shareholders representing more than two thirds (2/3) of the shares qualified for the auction, and in accordance with the regulations of the Brazilian Securities and Exchange Comission ("CVM"), ArcelorMittal Inox Brasil's registration as a public company will be cancelled. As required by Brazilian regulations, from April 7, 2008 to July 4, 2008, any holder of shares willing to sell his/her shares to ArcelorMittal at the Offer price may do so by presenting a request to that effect. The price will be adjusted by the TR - Referential Rate, starting on the settlement date of the Offer to the date of effective payment. The purchase price for shares sold pursuant to this process will be payable within 15 days of the date of the request of the shareholder to sell the shares.
Any remaining shareholder of ArcelorMittal Inox Brasil who whishes to sell his/her shares during the period mentioned above, but prior to the confirmation of the cancellation of ArcelorMittal Inox Brasil's registration as a public company by CVM, must post a selling order in BOVESPA (through any brokerage firm authorized to act in the BOVESPA). Banco Santander S.A., on behalf of ArcelorMittal, will guarantee the purchase of such shares. After the CVM confirms the cancellation of ArcelorMittal Inox Brasil's registration as a public company (which confirmation is expected approximately 15 days after the auction and which will be immediately disclosed to the public by ArcelorMittal Inox Brasil), all remaining shareholders of ArcelorMittal Inox Brasil who still wish to sell their shares to ArcelorMittal should complete the form available at the websites of ArcelorMittal Inox Brasil and Banco Santander S.A. (indicated below) and have it delivered to Banco Itau S.A., the depositary institution for the shares, at the addresses indicated in the form.
If at any time prior to July 4, 2008 (inclusive), ArcelorMittal receives from the CVM confirmation that ArcelorMittal Inox Brasil's registration as a public company has been cancelled, and given that the number of shares of ArcelorMittal Inox Brasil not owned by ArcelorMittal or its affiliates represents less than 5% of the total number of ArcelorMittal Inox Brasil's shares, ArcelorMittal may cause ArcelorMittal Inox Brasil to hold a shareholders' special meeting in order to approve the redemption of the remaining shares at the same price of the Offer, adjusted by the TR - Referential Rate starting on the settlement date of the Offer to the effective redemption payment date, which payment would be made within 15 days of the date of the meeting approving the redemption. When ArcelorMittal exercises its right, a further press release will detail the conditions of such redemption and the sell-out proceedings will then be terminated.
The Offer is more fully described in the 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)
Comissao de Valores Mobiliarios (www.cvm.gov.br)
Important Information
This document does not constitute an offer to acquire ArcelorMittal Inox Brasil securities in any jurisdiction.
Any offer that may be made will be made to all holders of shares of ArcelorMittal Inox Brasil located in Brazil. In addition, holders of shares of ArcelorMittal Inox Brasil 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
ArcelorMittal Communications
E-mail:
press@arcelormittal.com
Phone:
+352 4792 5000
or
ArcelorMittal Corporate Communications
or
Haroon
Hassan, +44 20 3214 2867
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
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
