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Press release from Business Wire

ArcelorMittal subsidiary increases by $250m the size of its $750m privately placed mandatory convertible bond

Wednesday, September 28, 2011

ArcelorMittal subsidiary increases by $250m the size of its $750m privately placed mandatory convertible bond02:00 EDT Wednesday, September 28, 2011 LUXEMBOURG (Business Wire) -- Regulatory News: ArcelorMittal announces the increase by $250m of its $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 27 September 2011. 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. About ArcelorMittalArcelorMittal is the world's leading integrated steel and mining company, with presence 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 well-being of its employees, contractors and the communities in which it operates. It is also committed to the sustainable management of the environment. 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 6 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. 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 2991Tobin Postma, + 44 20 3214 2412orUnited KingdomMaitland Consultancy:Rebecca Mitchell / Martin Leeburn, + 44 20 7379 5151orFranceImage 7Sylvie Dumaine / Anne-Charlotte Creach, + 33 1 5370 7470