ArcelorMittal completes the first instalment of its sale of a 15% interest in ArcelorMittal Mines Canada for $1.1bln to a Consortium led by POSCO and China Steel Corporation

Fri Mar 15, 2013 10:58am EDT

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 Luxembourg, 15 March 2013 - ArcelorMittal announces today the completion of the first instalment
of the previously announced investment by a consortium led by POSCO and China Steel Corporation
(CSC) to acquire a joint venture interest in ArcelorMittal's Labrador Trough iron ore mining and
infrastructure assets in Quebec, Canada. 
The consortium acquired an 11.05% interest in the joint venture for total consideration of US$810
million in cash, with ArcelorMittal's wholly owned subsidiary ArcelorMittal Mines Canada retaining
an 88.95% interest in the joint venture.

As part of its strategy to build strategic relationships with key customers, the joint venture has
also entered into long-term iron ore off-take agreements with POSCO and CSC proportionate to the
consortium's joint venture interests.

The second instalment of the investment by the consortium, which will increase the consortium's
interest in the joint venture to 15%, remains subject to various conditions and is expected to
close in the second quarter of 2013.

Forward-Looking Statements 
This document may contain forward-looking information and statements about ArcelorMittal and its
subsidiaries. These statements include financial projections and estimates and their underlying
assumptions, statements regarding plans, objectives and expectations with respect to future
operations, products and services, and statements regarding future performance. Forward-looking
statements may be identified by the words "believe," "expect," "anticipate," "target" or similar
expressions. Although ArcelorMittal's management believes that the expectations reflected in such
forward-looking statements are reasonable, investors and holders of ArcelorMittal's securities are
cautioned that forward-looking information and statements are subject to numerous risks and
uncertainties, many of which are difficult to predict and generally beyond the control of
ArcelorMittal, that could cause actual results and developments to differ materially and adversely
from those expressed in, or implied or projected by, the forward-looking information and
statements. These risks and uncertainties include those discussed or identified in the filings
with the Luxembourg Stock Market Authority for the Financial Markets (Commission de Surveillance
du Secteur Financier) and the United States Securities and Exchange Commission (the "SEC") made or
to be made by ArcelorMittal, including ArcelorMittal's Annual Report on Form 20-F for the year
ended December 31, 2012 filed with the SEC. ArcelorMittal undertakes no obligation to publicly
update its forward-looking statements, whether as a result of new information, future events, or

About ArcelorMittal

ArcelorMittal is the world's leading integrated steel and mining company, with a 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 2012, ArcelorMittal had revenues of $84.2 billion and crude steel production of 88.2million
tonnes, representing approximately 6 percent of world steel output. 

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT),
Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia

For more information about ArcelorMittal please visit: .

 Contact information ArcelorMittal Investor Relations                                         
 Europe                     + 352 4792 3198                                                   
 Americas                          +1 312 899 3985                                            
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 Contact information ArcelorMittal  Corporate Communications                                  
 Phone: +352 4792 5000                                                                        
 ArcelorMittal Corporate Communications                                                       
Tobin Postma  (Acting Head of Media Relations)  + 44 20 3214 2412                           
 Laura Nutt                                                                +44 20 7543 1125   
 United Kingdom                                                                             
 Maitland Consultancy:                                                                        
 Martin Leeburn                                                + 44 20 7379 5151              
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 Sylvie Dumaine / Anne-Charlotte Creach       + 33 1 5370 7470                                


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Source: ArcelorMittal S.A. via Thomson Reuters ONE


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