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Press release from Business Wire

The Annual General Meeting of shareholders of ArcelorMittal held today in Luxembourg approved all 12 resolutions on the agenda by a large majority

Tuesday, May 10, 2011

The Annual General Meeting of shareholders of ArcelorMittal held today in Luxembourg approved all 12 resolutions on the agenda by a large majority08:03 EDT Tuesday, May 10, 2011 LUXEMBOURG (Business Wire) -- Regulatory News: 837 961 831 or 53,68% of the Company's share capital, were present or represented at the meeting. The results of the votes will be posted in due course on under "Investors and Shareholders > Annual General Meeting - 10 May 2011." In particular, the shareholders elected Mr. Bruno Lafont, Chairman and Chief Executive Officer of Lafarge, a leading construction materials company listed on Euronext Paris and the New York Stock Exchange, as a new independent director member of ArcelorMittal's Board of Directors. The AGM also re-elected Mr. Lakshmi N. Mittal, Mr. Lewis B. Kaden, Mr. Antoine Spillmann and H.R.H Prince Guillaume de Luxembourg as members of the Board. All directors serve for a term of three years. In addition, the AGM approved the implementation of the new Restricted Share Unit Plan and Performance Share Unit Plan 2011-2020 under which grants may be made in accordance with the terms and conditions of the plans to qualifying members of the Company's senior management in relation to fiscal year 2011 instead of stock option grants. 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: ArcelorMittal Investor RelationsEurope +352 4792 2484Americas +1 312 899 3569Retail +44 203 214 2417SRI +44 203 214 2854Bonds/Credit +33 171 92 10 26orArcelorMittal 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