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 having its registered office at 19, avenue de la Liberté, L-2930 Luxembourg solely in its capacity as majority shareholder of ArcelorMittal Luxembourg within the meaning of the Squeeze Out Law (as defined below).
The holders of securities have the right to oppose the squeeze out project in accordance with the terms and the deadline provided by article 4 (6) of the Squeeze Out Law.
Opposition must be made by registered letter with acknowledgment of receipt addressed to the Commission de Surveillance du Secteur Financier (the “CSSF”) setting out the reasons of the opposition and sent within a period of one month starting from the date of publication of the proposed price in accordance with article 4 (5) of the Squeeze Out Law. A copy of the letter must be sent within the same time period by registered letter with acknowledgment of receipt to the majority shareholder and to the relevant company.
Any opposition within the meaning of article 4 (6) of the Squeeze Out Law filed by registered letter with acknowledgment of receipt addressed to the CSSF and sent within the period of one month starting from the date of publication of the proposed price in accordance with article 4(5) of the Squeeze Out Law must be received by the CSSF at the latest 5 days after the expiration of the opposition period.
Subject to compliance with the provisions of the Squeeze Out Law, at the end of the squeeze out procedure, the securities which have not been presented at the latest on the final payment date shall be deemed automatically transferred by operation of law to the majority shareholder without the prior consent of the holders of the remaining securities.
Price per share
By press release dated 25 August 2014, ArcelorMittal informed the shareholders of ArcelorMittal Luxembourg (hereafter “AM Luxembourg” or “AML”) that ArcelorMittal has decided to exercise its right of squeeze out on the shares of AM Luxembourg held by minority shareholders in accordance with articles 4, 5 (8) and 10 (4) of the Squeeze Out Law. The shares concerned by the squeeze out were formerly traded on multiple stock exchanges until the end of 2002, including the Luxembourg Stock Exchange (Bourse de Luxembourg), Euronext Bruxelles, Euronext Paris and the Frankfurt Stock Exchange (Deutsche Börse) and listed under ISIN number LU0006047129.
By this press release, ArcelorMittal informs the shareholders of AM Luxembourg of the price per share as determined by KPMG (as defined below) and proposed by ArcelorMittal for the shares concerned by the squeeze-out.