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.