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ArcelorMittal Launches Voluntary Separation Programmes

Regulatory News:

ArcelorMittal is today meeting with its European Works Council to present voluntary separation programmes to be launched across the group. This is to help achieve the company’s stated aim of reducing SG&A (Selling, General and Administrative) expenditure by US$1 billion in response to the current economic situation.

The focus is primarily on non-production employees, in particular those in SG&A functions across the globe. These programmes may involve up to 9,000 employees, approximately 3% of the total global work force. The processes will be run in close collaboration with stakeholders and in accordance with the appropriate social considerations of the respective countries involved.

Commenting, Bernard Fontana, Executive Vice President and Member of ArcelorMittal’s Management Committee with responsibility for Human Resources stated: “This has been a very difficult decision for the company to take as all of our employees are extremely important to us. Sadly however the global economic reality means that it is only sensible to adopt such measures. Our priority is now to meet with all our stakeholders to explain the reasons for this decision and to reassure them that the process will be carried out in accordance with all social considerations. We are very grateful for the professionalism and dedication of our employees, all of whom have played an important role in building ArcelorMittal.

About ArcelorMittal

ArcelorMittal is the world's leading steel company, with over 326,000 employees in more than 60 countries.

ArcelorMittal is the leader in all major global steel 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. With an industrial presence in over 20 countries spanning four continents, the Company covers all of the key steel markets, from emerging to mature.

Through its core values of sustainability, quality and leadership, ArcelorMittal commits to operating in a responsible

way with respect to the health, safety and wellbeing of its employees, contractors and the communities in which it

operates. It is also committed to the sustainable management of the environment and of finite resources. ArcelorMittal recognises that it has a significant responsibility to tackle the global climate change challenge; it takes

a leading role in the industry's efforts to develop breakthrough steelmaking technologies and is actively researching

and developing steel-based technologies and solutions that contribute to combat climate change.

In 2007, ArcelorMittal had revenues of $105.2 billion and 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).

For more information about ArcelorMittal visit: www.arcelormittal.com

Contacts:

Contact information ArcelorMittal Investor Relations
Europe +352 4792 2652
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 Corporate Communications
E-mail:press@arcelormittal.com
Phone: +352 4792 5000
or
ArcelorMittal Corporate Communications
Haroon Hassan (Head of Media Relations) +44 20 3214 2867
Erlendas Grigorovic (CEE & CIS) +44 20 3214 2422
Arne Langner (Western Europe) +352 4792 3120
Jean Lasar (Western Europe) +352 4792 2359
Giles Read (Africa , Middle East, Asia) +44 20 3214 2845
or
ArcelorMittal (Americas)
Bill Steers +1 312 899 3817
Adam Warrington +1 312 899 3596
or
United Kingdom
Maitland Consultancy:
Martin Leeburn / David Sturken + 44 20 7379 5151
or
France
Image 7
Anne France Malrieu /
Tiphaine Hecketsweiler +33 1 5370 7470
or
Belgium
Comfi
Charles-Hubert Gernaert +32 2 290 90 90
or
Netherlands
Smink, Van der Ploeg & Jongsma
Leon Melens +31 20 647 81 81
or
Germany
Hering Schuppener
Markus Talanow, +49 69 92 18 74 70
Phoebe Kebbel +49 69 92 18 74 77
or
Spain
Ignacio Agreda +34 94 489 4162
Oscar Fleites +34 98 512 60 29
Keith Grant +34 639 760 397

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