Following changes in the composition of its Board of Directors at its Annual General Meeting on May 2009, ArcelorMittal announces that its Board of Directors has decided to update the composition of its Committees at Board level and create a new Risk Committee.

ArcelorMittal's Audit Committee is now composed as follows:

Mr. Narayanan Vaghul, Chairman
Mr. José Ramón Álvarez Rendueles
Mr. Wilbur L. Ross Jr.
Mr. Antoine Spillmann

ArcelorMittal's Appointments, Remuneration & Corporate Governance Committee is now composed as follows:

Mr. Lewis B. Kaden, Chairman
H.R.H. Prince Guillaume de Luxembourg
Mr. Narayanan Vaghul

The ArcelorMittal Board decided to install a new Risk Committee at Board level in line with recent developments in best practice corporate governance. The Risk Committee is composed as follows:

Mr. Georges Schmit
Mr. Antoine Spillmann

The Risk Committee is responsible for advising the Board of Directors on risk management and ensuring that ArcelorMittal maintains an effective risk management process to support daily management and decision-making.

Sudhir Maheshwari, member of ArcelorMittal's Group Management Board, becomes Chairman of the Group Risk Management Committee newly formed at management level. He will represent the management during Risk Committee meetings.

About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 18 countries. In 2019, ArcelorMittal had revenues of $70.6 billion and crude steel production of 89.8 million metric tonnes, while iron ore production reached 57.1 million metric tonnes. Our goal is to help build a better world with smarter steels. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future. 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/

http://corporate.arcelormittal.com/
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