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ArcelorMittal: Shareholding in Macarthur Coal

Regulatory News:

ArcelorMittal today announces that it has acquired a 14.9% stake (31,611,354 shares) in Macarthur Coal Limited (ASX: MCC). This includes 9,058,676 shares (4.27%) from Talbot Group Holdings and 22,094,851 (10.4%) from Tinkler Investments. The share purchases were conducted in on-market transactions between 24 April 2008 and 21 May 2008 at an average price of $AUD 19.96. Total consideration for the purchase of the shares amounted to $AUD631 million ($USD 604.8 million).

In the financial year 2007, Macarthur Coal's saleable product totalled 3.6 million tonnes on an attributable basis (73.3pct), while resources on a 100pct project basis totalled 1,574 million tonnes. Its principal product is low volatile (LV) pulverised coal injection (PCI) coal for use in the production of steel.

ArcelorMittal will be pursuing discussions with the Board and Management of Macarthur Coal and will update the market if there any further developments resulting from these discussions.

About ArcelorMittal

ArcelorMittal is the world's largest and most global steel company, with 310,000 employees in more than 60 countries.

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).

About Macarthur Coal

The Company is Queensland-based with its mining assets situated in Queenslands Bowen Basin and its corporate headquarters located in Brisbane.

Macarthur Coal is a key supplier of low volatile PCI coal to the steel mills of Asia, Europe and the Americas, providing approximately 44% of the low volatile PCI coal exported from Australia.

The Companys major assets are Coppabella Mine and Moorvale Mine. Macarthur Coal has large exploration tenement holdings which provide a project pipeline for the development of new mines.

Macarthur Coals mines and exploration tenements are held within unincorporated joint ventures, a structure which has allowed the Company to gain significant strategic benefits by involving other parties in its projects.

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
Haroon Hassan, +44 207 543 1172
Jean Lasar, +352 4792 2359
or
Gavin Anderson & Co (Australia)
Matt Pollard, +61 3 9654 6555
or
Maitland Consultancy (UK)
Lydia Pretzlik / Martin Leeburn, +44 20 7379 5151

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