Arcelor Mittal

Statement re market rumours

Luxembourg, 17 March 2009 (12:30 CET) - In response to an article that was published in the Financial Times this morning, ArcelorMittal would like to state that the rumours mentioned within this article are not true. ArcelorMittal has a successful debt reduction programme in place and does not need to raise additional capital through a rights issue at this time. The Company has not retained any specific advisors for this purpose and the rumours within this article are without foundation and speculative. However the Company will continue to review and consider all options as is only prudent given the current challenging operating environment. About ArcelorMittal ArcelorMittal 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 researchingand developing steel-based technologies and solutions that contribute to combat climate change.In 2008, ArcelorMittal had revenues of $124.9 billion and crude steel production of 103.3 million tonnes, representing approximately 10 per cent of world steel output. ArcelorMittal is listed on the stock exchanges of Paris (MT), Amsterdam (MT), New York (MT), Brussels (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).