The Annual General Meeting of shareholders of ArcelorMittal held today in Luxembourg approved all resolutions on the agenda.

722,051,341 shares, or 49.86% of the Company's share capital, were present or represented at the meeting. All the resolutions on the Annual General Meeting's agenda were adopted by the shareholders by an overwhelming majority.

In particular, the shareholders acknowledged the expirations of the mandates of Michel Marti, Sergio Silva de Freitas, Wilbur L. Ross, Narayanan Vaghul, François Pinault and Jean-Pierre Hansen as members of the Board of Directors. They elected Wilbur L. Ross, Narayanan Vaghul and François Pinault as members of the Board of Directors.

In addition, Ignacio Fernández Toxo stepped down from the Board of Directors effective today, due to other commitments.

ArcelorMittal had also convened its shareholders to an Extraordinary General Meeting, which was to immediately follow the Annual General Meeting. However, the quorum required for that meeting, namely 50% of the issued share capital, was not reached, and the Extraordinary General Meeting will therefore be reconvened to a new date to be announced  by the Company in due course.

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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