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ArcelorMittal Reconfirms Its Commitment to France by Proposing the Creation of 124 Jobs as Well as an Additional EUR 30 Million Investment at Gandrange and Other Initiatives

Regulatory News:

ArcelorMittal today announces a range of new investments at its Gandrange site in the Lorraine region of France, and a number of other initiatives aimed at reinforcing its commitment to France.

Following a meeting held with the Workers Council on Friday 4th April, ArcelorMittal is pursuing the information and consultation process with the unions regarding the specialization of its Gandrange site as a rolling mill in order to secure a sustainable and viable future for the operation, which has been consistently loss-making despite continuous investment. ArcelorMittal has guaranteed a job for every employee affected by the project at the Groups operations, for instance, in nearby Florange or Luxembourg.

Additional Investments in Gandrange

In addition, ArcelorMittal is announcing today that it intends to develop a number of downstream facilities on the site to complement its rolling mill activities and ensure the sustainability of its operations in the region.

These investments, which will require a total investment of 30 million and will create 124 new FTE, are as follows:

1) The creation of a Service Centre in Gandrange for the construction Industry;

2) The development of a Distribution Processing centre for Beams, involving two new processing lines;

3) The development of a Solar Panels Project, to develop solar technologies;

4) The building of a new R&D facility for Wire Solutions; and

5) Investment in the existing rolling mill.

ArcelorMittal is also considering setting up a new Technical Education Centre for the Lorraine region. Over the next ten years, approximately one third of its industrial workforce in France will retire. The existing system is unlikely to deliver enough qualified people to fill these roles.

The Technical Education Centre will require a 5 million initial investment, to provide the facilities and technical equipment necessary for the education of up to 120 students. Training would last for two years and would include part time employment with ArcelorMittal. Upon graduation, students would be employed by either ArcelorMittal or its subcontractors.

ArcelorMittal will also continue to look for other opportunities to expand its activities in Gandrange.

Additional Commitments to France

1 Florange

ArcelorMittal also announces today that, provided the right economic and regulatory conditions prevail, including the issue of relevant emissions quotas, it intends to maintain blast furnace operations at its Florange facility beyond 2012. As part of the previous Apollo plan launched by Arcelor in 2003 the hot steel-making facilities at Florange were due to be closed in 2010/11 affecting over 1000 employees. Following the merger to form ArcelorMittal, the decision was taken to maintain the hot-phase until 2012.

ArcelorMittal also announces today that it intends to carry out a feasibility study at its Florange site to ascertain its suitability of the site for implementing a CO2 carbon capture and storage prototype project. As the lead member of the ULCOS project (Ultra Low CO2 Steelmaking), which aims to substantially reduce the CO2 emissions from the steel-making process, ArcelorMittal is looking to build a prototype blast furnace at one of its operations that will be able to capture and store CO2 gasses in an effective manner. No decision will be taken to implement such project in any of its operations until such feasibility study has been completed.

2 Poweo

ArcelorMittal is also investigating the potential to co-operate with Poweo for the construction of new power plants in the Lorraine region.

3 Research and Innovation

ArcelorMittal and the French government have agreed to study the possibility of cooperating on potential research and innovation projects for the benefit of the Lorraine region. A joint contribution of 20million is presently being discussed.

Commenting on the various initiatives, Mr. Lakshmi N. Mittal, President and CEO, ArcelorMittal, said:

"France is the industrial hub of ArcelorMittals European operations and we are very committed to our presence here. We want to strengthen our operations in terms of R&D and value-addition to ensure that we maintain a strong competitive advantage that supports the sustainability of our operations in France. These initiatives and investments have been designed to help us deliver on this aim. I would like to thank President Sarkozy for his support. The President is very dedicated to ensuring that France retains a strong industrial presence and has played an important role in helping us identify these projects. I also want to take this opportunity to reassure all the employees of Gandrange that we will have a solution for each and every one of them.

Notes to Editors:

ArcelorMittal has over 28,000 employees in France in over 50 industrial locations. The company produces more than 14 million tones of steel in the country through a wide range of industrial activities including flat carbon steel, stainless steel, steel plate and long carbon steel facilities. Moreover ArcelorMittal has in France a complete network for downstream activities including steel service centres, construction plants and a national distribution network. The main Research & Development centre of ArcelorMittal worldwide is also located in France, in the Lorraine region. It is dedicated to steel industry processes and automotive applications and employs some 550 staff.

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:

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
ArcelorMittal Communications
E-mail: press@arcelormittal.com
Phone: +352 4792 5000
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 +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
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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