ArcelorMittal informs the shareholders of ArcelorMittal Luxembourg that ArcelorMittal, as majority shareholder of AM Luxembourg, has received a request from a shareholder of AM Luxembourg to mandatorily repurchase the entirety of his shares in AM Luxembourg in accordance with article 10 of the law of 21st July 2012 relating to the squeeze out and mandatory sell out of securities admitted or having been admitted to negotiation on a regulated market or having been offered to the public.

THIS NOTICE APPEARS FOR REGULATORY PURPOSES AND IS NOT ADDRESSED TO THE SHAREHOLDERS OF ARCELORMITTAL

This notice is addressed to the shareholders of ArcelorMittal Luxembourg only and is published by ArcelorMittal solely in its capacity as majority shareholder of ArcelorMittal Luxembourg within the meaning of the Squeeze Out Law (as defined below).

This notice is for information purposes only and does not require shareholders to take any action.

ArcelorMittal has appointed KPMG Luxembourg, société à responsabilité limitée with registered office at 9, allée Scheffer, L-2520 Luxembourg, R.C.S. Luxembourg B 149.133 (“KPMG”) as independent expert as referred to in the terms of the Squeeze Out Law in order to evaluate the shares in AM Luxembourg and to draw up the valuation report provided for in the Squeeze Out Law.

ArcelorMittal reminds the holders of shares in AM Luxembourg that AM Luxembourg directly and indirectly holds significant industrial and financial assets whose valuation on the basis of objective and appropriate methods is time consuming.

The valuation process by KPMG is ongoing. KPMG has confirmed to ArcelorMittal that it estimates that it could issue its valuation report on 4th August 2014. In such case, ArcelorMittal will publish the report and the proposed repurchase price of the shares on its website (http://corporate.arcelormittal.com) and by press release through usual channels on 5th August 2014. AM Luxembourg will cause the valuation report and the proposed repurchase price to be communicated to its shareholders by registered letter.

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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