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Press release from Business Wire

ArcelorMittal Subsidiary Extends the Conversion Date of its $750m Privately Placed Mandatory Convertible Bond

Thursday, April 21, 2011

ArcelorMittal Subsidiary Extends the Conversion Date of its $750m Privately Placed Mandatory Convertible Bond02:00 EDT Thursday, April 21, 2011 LUXEMBOURG (Business Wire) -- Regulatory News: ArcelorMittal announces the extension of the conversion date of the $750m privately placed mandatory convertible bond (MCB) issued on 28 December 2009 by one of its wholly-owned Luxembourg subsidiaries. This amendment to the MCB, which is mandatorily convertible into preferred shares of such subsidiary, was executed on 20 April 2011. The mandatory conversion date of the bond, originally set for 25 May 2011, has been extended to 31 January 2013. The other main features of the MCB remain unchanged. The bond was placed privately with a Luxembourg affiliate of Credit Agricole Corporate and Investment Bank and is not listed. The subsidiary has simultaneously executed amendments providing for the extension of the outstanding notes into which it originally invested the proceeds of the bond issuance, which are linked to shares of the listed companies Eregli Demir Ve Celik Fab. T. AS of Turkey and Macarthur Coal Limited of Australia, both of which are held by ArcelorMittal subsidiaries. About ArcelorMittalArcelorMittal is the world's leading steel company, with operations in more than 60 countries.ArcelorMittal is the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in over 20 countries spanning four continents, the Company covers all of the key steel markets, from emerging to mature.Through its core values of Sustainability, Quality and Leadership, ArcelorMittal commits to operating in a responsible way with respect to the health, safety and wellbeing of its employees, contractors and the communities in which it operates. It is also committed to the sustainable management of the environment and of finite resources. ArcelorMittal recognises that it has a significant responsibility to tackle the global climate change challenge; it takes a leading role in the industry's efforts to develop breakthrough steelmaking technologies and is actively researching and developing steel-based technologies and solutions that contribute to combat climate change.In 2010, ArcelorMittal had revenues of $78.0 billion and crude steel production of 90.6 million tonnes, representing approximately 8 per cent of world steel output.ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Brussels (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).For more information about ArcelorMittal visit: www.arcelormittal.com Contact information ArcelorMittal Investor RelationsEurope +352 4792 2484Americas +1 312 899 3569Retail +44 203 214 2417SRI +44 203 214 2854Bonds/Credit +33 171 92 10 26orContact information ArcelorMittal Corporate CommunicationsE-mail:press@arcelormittal.comPhone: +352 4792 5000orArcelorMittal Corporate CommunicationsGiles Read (Head of Media Relations) +44 20 3214 2845Arne Langner +352 4792 3120Lynn Robbroeckx +44 20 3214 2991orUnited KingdomMaitland Consultancy:Rebecca Mitchell / Martin Leeburn + 44 20 7379 5151orFranceImage 7Sylvie Dumaine / Anne-Charlotte Creach +33 1 5370 7470