Shareholders approve second-step merger

The Extraordinary General Meetings of shareholders of ArcelorMittal and Arcelor held in Luxembourg on November 5, 2007 approved the merger of ArcelorMittal into Arcelor.

99.5% of the votes cast at the ArcelorMittal Extraordinary General Meeting and 97.3% of the votes cast at the Arcelor Extraordinary General Meeting were cast in favour of the proposed merger. 67.4% of ArcelorMittal’s and 96.8% of Arcelor’s outstanding share capital were present or represented at the respective Extraordinary General Meeting.

This merger, expected to be effective on November 13, 2007, is the second step in the two-step merger process between Mittal Steel Company N.V. (which merged into ArcelorMittal on 3 September 2007) and Arcelor. Upon effectiveness of the merger, ArcelorMittal will cease to exist and Arcelor will be renamed ArcelorMittal. Holders of (former) ArcelorMittal shares will automatically receive one newly issued Arcelor (to be renamed ArcelorMittal) share for every (former) ArcelorMittal share.

Said Mr Mittal, ArcelorMittal CEO: “With the successful integration of the Mittal and Arcelor teams complete, the EGMs mark the final step in our legal and technical integration. As one company in every sense, we look forward to continued progress as the world’s leading steel company.”