ArcelorMittal hereby announces that Malay Mukherjee has stepped down from the Board of Directors in order to pursue other interests.

Mr. Mukherjee joined the board in May 2008 after a long and distinguished career in ArcelorMittal's senior management, latterly as a member of the Group Management Board with responsibility for Asia, Africa, the CIS, Mining and Technology.

Mr Lakshmi N. Mittal, Chairman and Chief Executive, ArcelorMittal, said: "Mr Mukherjee has been an exceptional member of ArcelorMittal, first as a highly regarded senior executive and over the past year as a member of the Board of Directors. We will miss his wisdom and advice, but wish him all the best for the future."

Mr Mukherjee added: "ArcelorMittal is a great company and one that I will always feel a part of. I wish the company every success in the future and have no doubt that it will continue to go from strength to strength."

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/

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