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ArcelorMittal buys call options for 26.5 million of its shares and sells 11.5 million Treasury shares

Luxembourg, 27 December 2010 – Following the reopening of its share buy-back program for up to 6% of its issued share capital announced on 26 November 2010, ArcelorMittal acquired on 18 December 2010 US dollar-denominated call options on 26,533,997 of its own shares with a strike price of USD 30.15 per share.

The 26,533,997 call options acquired allow ArcelorMittal to hedge its obligations arising out of the potential conversion of the 5% US-dollar denominated bonds convertible into or exchangeable for new or existing ArcelorMittal shares due 15 May 2014 (ISIN US042752126).

ArcelorMittal also entered into an agreement on 18 December to sell 11.5 million treasury shares through an over-the-counter block trade for a price of USD 37.8682 per share, for settlement on 30 December.

About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 19 countries. Guided by a philosophy to produce safe, sustainable steel, we are the leading supplier of quality steel in the major global steel markets including automotive, construction, household appliances and packaging, with world-class research and development and outstanding distribution networks.

Through our core values of sustainability, quality and leadership, we operate responsibly with respect to the health, safety and wellbeing of our employees, contractors and the communities in which we operate. For us, steel is the fabric of life, as it is at the heart of the modern world from railways to cars and washing machines. We are actively researching and producing steel-based technologies and solutions that make many of the products and components people use in their everyday lives more energy efficient.

We are one of the world’s five largest producers of iron ore and metallurgical coal and our mining business is an essential part of our growth strategy. With a geographically diversified portfolio of iron ore and coal assets, we are strategically positioned to serve our network of steel plants and the external global market. While our steel operations are important customers, our supply to the external market is increasing as we grow.

In 2015, ArcelorMittal had revenues of US$63.6 billion and crude steel production of 92.5 million tonnes, while own iron ore production reached 62.8 million tonnes. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

For more information about ArcelorMittal please visit: http://corporate.arcelormittal.com/

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Contact information ArcelorMittal Investor Relations
Europe: +352 4792 2484
Americas: +1 312 899 3569
Retail: +352 4792 2434
SRI: +44 203 214 2854
Bonds/Credit: +33 1 71 92 10 26

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

ArcelorMittal Corporate Communications
Giles Read (Head of Media Relations)
+44 20 3214 2845
Arne Langner +352 4792 3120
Lynn Robbroeckx +44 20 3214 2991
Tobin Postma +44 20 3214 2412

Maitland Consultancy:
Rebecca Mitchell / Martin Leeburn +44 20 7379 5151

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