ArcelorMittal in $4 Billion Equity and Equity-Linked Securities Offerings

May 6, 2009

Cleary Gottlieb represented ArcelorMittal in concurrent offerings of shares and convertible notes totaling $4 billion. The share offering was for $3.2 billion and the offering of 5% convertible senior notes due 2014 was for $800 million, both inclusive of additional securities pursuant to the exercise by the underwriters of their over-allotment options. The two offerings were SEC-registered and placed globally. Goldman, Sachs & Co., CALYON and Société Générale acted as Bookrunners of the offerings. The offerings priced on April 29th following the Company’s first quarter earnings’ release and closed on May 6th.

ArcelorMittal intends to use the proceeds of the offerings to lengthen its debt maturity profile and to refinance existing indebtedness.

ArcelorMittal is the world’s largest and most global steel producer. In 2008, ArcelorMittal had sales of $124.9 billion, steel shipments of 101.7 million tonnes and crude steel production of 103.3 million tonnes.