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Luxembourg, 30 January 2013 - ArcelorMittal today announces the publication of sell-side analysts'
consensus forecasts for ArcelorMittal's 2012 fourth quarter EBITDA. The consensus figures are
based on analyst estimates recorded on an external web based tool to be provided and managed by an
independent company called Vuma Financial Services Limited (trade name: Vuma Consensus).
To arrive at the consensus figures below, VUMA have aggregated the expectations of sell side
analysts who, to our best knowledge, cover ArcelorMittal on a continuous basis. This is a group of
about 30 brokers currently. The listed analysts follow ArcelorMittal on their own initiative and
ArcelorMittal is not responsible for their views.
On this page we provide you with the analyst estimates compiled by Vuma Consensus, and
ArcelorMittal is neither involved in the collection of the information nor in the compilation of
EBITDA consensus estimates
Period Number of sell-side EBITDA consensus average
analysts participation $Million
Q4 2012E 24 $1,262
The consensus data is based on projections made by sell-side analysts. The sell-side analysts who
cover ArcelorMittal and whose estimates are included in the group consensus outlined above are the
*Applebaum Research - Michelle Applebaum
*Bank of America Merrill Lynch - Cedar Ekblom
*Bankia Bolsa - Iñigo Recio
*Citigroup - Tom O'Hara
*Commerzbank - Ingo-Martin Schachel
*Credit Suisse - Michael Shillaker
*Dahlman Rose & Co. - Anthony Rizzuto Jr.
*Davy - Tim Cahill
*Exane BNP Paribas - Sylvain Brunet, Luc Pez
*Goldman Sachs - Stephen Benson, Ken Foong
*Grupo Santander - Juan Ramon Correas
*HSBC - Thorsten Zimmerman
*Jefferies - Seth Rosenfeld
*JP Morgan - Alessandro Abate
*Kepler Capital Markets - Rochus Brauneiser
*Macquarie Bank - Jeff Largey
*Mainfirst - Alexander Hauenstein
*Morgan Stanley - Alexander Haissl
*Nomura - Neil Sampat
*Petercam - Alan Vandenberghe
*RBC - Tim Huff
*Societe Generale - Alain William
*UBS - Carsten Riek
The consensus estimate is based on estimates, forecasts and predictions made by third party
financial analysts. It is not prepared based on information provided or checked by ArcelorMittal
and can only be seen as a consensus view on ArcelorMittal's results from an outside perspective.
ArcelorMittal has not provided input on these forecasts, except by referring to past publicly
disclosed information. ArcelorMittal does not accept any responsibility for the quality or
accuracy of any individual forecast or estimate. This web page may contain forward-looking
statements based on current assumptions and forecasts made by ArcelorMittal or third parties.
Various known and unknown risks, uncertainties and other factors could lead to material
differences between ArcelorMittal's actual future results, financial situation, development or
performance, and the estimates given here. These factors include those discussed in
ArcelorMittal's periodic reports available on www.arcelormittal.com
ArcelorMittal is the world's leading steel and mining company, with a presence in more than 60
ArcelorMittal is the leader in all major global carbon steel markets, including automotive,
construction, household appliances and packaging, with leading R&D and technology. The Group also
has a world class mining business with a global portfolio of over 20 mines in operation and
development, and is the world's 4th largest iron ore producer. With operations in over 22
countries spanning four continents, the Company covers all of the key industrial markets, from
emerging to mature, and has outstanding distribution networks.
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. ArcelorMittal is a member of
the FTSE4Good Index and the Dow Jones Sustainability World Index.
In 2011, ArcelorMittal had revenues of $94.0 billion and crude steel production of 91.9 million
tonnes, representing approximately 6 per cent of world steel output. The Group's mining operations
produced 54 million tonnes of iron ore and 8 million tonnes of metallurgical coal.
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 visit: www.arcelormittal.com
Contact information ArcelorMittal Investor Relations
Europe + 352 4792 3198
Americas + 1 312 899 3569
Retail + 44 203 214 2417
SRI + 44 203 214 2854
Bonds/Credit + 33 171 92 10 26
Contact information ArcelorMittal Corporate Communications
E-mail: firstname.lastname@example.org mailto:email@example.com
Phone: +352 4792 5000
ArcelorMittal Corporate Communications
Giles Read (Head of Media Relations) + 44 20 3214 2845
Tobin Postma + 44 20 3214 2412
Martin Leeburn + 44 20 7379 5151
Sylvie Dumaine / Anne-Charlotte Creach + 33 1 5370 7470
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The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: ArcelorMittal S.A. via Thomson Reuters ONE