ArcelorMittal at a glance

June 2009

1

The world’s number one steel company

• With around 316,000 employees in 2008 in more than 60 countries and an industrial presence in 20 countries, ArcelorMittal is the only truly global steelmaker, leader in the steel sector.

• In 2008, ArcelorMittal recorded revenues of $124.9 billion and crude steel production of 103.3 million tonnes.

• ArcelorMittal values scale, vertical integration and product diversity. Approximately 36% of our steel is produced in the Americas, 49% in Europe and 15% in other countries such as Kazakhstan, South Africa and Ukraine.

Underpinning all our operations is a philosophy to produce Safe Sustainable Steel

2

ArcelorMittal 2008 key figures

An integrated leader of the metals and mining sector

316,000 employees in more than 60 different countries

17%

12%

9%

16%

6%24%

EU15Rest EU (EU27)Other European countriesNorth AmericaSouth AmericaAsiaAfrica

16%

105.2 124.9

19.4 24.5

14.8 12.2

109.7 101.7

116.4 103.3

2007 2008

Net income (US$ billion)

Sales (US$ billion)

EBIDTA(US$ billion)

Shipments(million tonnes)

Operating income(US$ billion)

Steel production (million tonnes)

10.4 9.4

3

Not only leading the steel industry but the metals and mining sector also

0

20

40

60

80

100

120

ArcelorMittal Nippon Steel JFE Posco Baosteel Hebei Iron &Steel Group

Crude Steel production in 2008 (MT)* Sales in 2008 (US$ billion)

More than 3 times larger than our next competitor

0

20

40

60

80

100

120

140

ArcelorMittal Alcoa BHP Billiton Rio Tinto VALE

103.3

35.55 33 33.14 35.44 33.28

124.9

29.3

54.9 54.3

39.2

4

A unique 3 dimensional strategy

Achieving sustainability and capturing growth through geography, product and value chain*Downstream integration or shipments distributed through Distribution Solutions divided by total shipments to distribution

Geographical production breakdown in 2008

Shipments breakdown by

products in 2008

Dow nstream integration,

39%

Upstream and downstream integration in 2008*

ProductGeography Value Chain

Specialities30%

Value added products

25%

Finished products

34%

Semi-f inished products

11%

North America

25%

South America

12%

West Europe36%

Africa6%

CIS & Central Asia

9%

Central & East Europe

12%

Iron ore self -suff iciency,

47%

5

ArcelorMittal R&D…• Over 1,400 full time researchers

• Budget of approximately $300 million

• Number one R&D in the industry

• Working on all development axes(Spending by finality):

• Worldwide network of laboratories (currently 15 labs in Europe, North America, and South America)

The technological pillar of ArcelorMittal helping to transform tomorrow

ArcelorMittal superior R&D expertise

51%

16%

33%Product & Applications

Breaktrough &ExploratoryProcess

… strongly supporting specialties• R&D spending by product:

– Automotive 46%

– Construction 13%

– Others 41%

R&D Key challenges in accordance with the Group strategy

• Product: Differentiated product offer

• Geography: Support the transfer of technology between plants

• Value chain: Transverse projects optimising theproduct value along the complete value chain from mining to finished products

6

ArcelorMittal main markets• Automotive

– Worldwide no.1 supplier for automotive steels with a leading market share of 21%. – Worldwide industrial presence via about 40 coating lines in Europe, North America, South

America, Africa.

• Construction– The largest market for steel: a 500 million tonnes steel consumption market comprised of

diversified products.– Emerging markets represent more than 50% of the square meters constructed each year

globally.– World leader with 34 million tonnes of products delivered in 2008 to the building and

construction industries.

• Packaging– New packaging concepts constantly designed to achieve differentiation by steel solution

(bottle can, easy open end...).– Complementary industrial network in Europe with production plants and service centres near

customers' can making facilities.

The undisputed leader in automotive steels

7

The Group Management Board (GMB)

• Lakshmi N. Mittal Chairman and CEO, Responsible for Shared Services (including Legal, IT, Shipping and Energy), Human Resources, International Affairs, Marketing and Commercial Coordination, Internal Assurance, Health and Safety, Mining

• Aditya Mittal CFO, Responsible for Flat Americas, Mergers and Acquisitions (M&A), Investor Relations, Strategy and Communications

• Michel Wurth Responsible for Flat Europe, Distribution Solutions, Products Development and R&D, Global Customers

• Gonzalo Urquijo Responsible for Long Products, China, Stainless, Tubular Products, Corporate Responsibility, ArcelorMittal Foundation, Investment Allocation Committee (IAC) Chairman

• Sudhir Maheshwari Responsible for M&A, Business Development, Corporate Finance and Tax committee (reporting to CFO)

• Christophe Cornier Responsible for Asia, Africa, Technology and Projects

• Davinder Chugh Responsible for Shared Services, IAC Member (reporting to CEO)

Appointed by the Board of Directors, the GMB is responsible for strategic direction

8

SAFE

9

Health and Safety

Frequency rate has been significantly cut since mergerIISI-standard: Fr = Lost Time Injuries per 1.000.000 worked hours

Steel frequency rate* Policy, initiatives and actions

Health and Safety policy launched in March 2007

Injury tracking and reporting database to monitor injuries, lost days and significant events in place

Fatality prevention and process standards, and ‘golden rules’ introduced

‘Shop Floor’ auditing procedure rolled-out

Annual Health and Safety awareness days held (March 2007, March 2008 and April 2009)

Global Health & Safety agreement signed with trade unions (June 2008)

‘Journey to Zero’ initiative launched (September 2008)

10

Health and Safety (contd.)

The Health and Safety Corporate team, along with the Global HealthCommittee, focuses on 10 actions:

• Analysis of health status and main illness causes• Analysis of hygiene status• Definition of Group health programmes contributing to ‘Journey to Zero’• Definition of an adequate reporting and metrics system, introducing leading

indicators and allowing performance measurements• Definition of advanced environmental-health and hygiene concepts• Definition of advanced disease prevention campaigns• Definition of main Group health and hygiene standards and recommendations• Definition of a health REX* system• Initiation and follow-up of pilot and master plan projects

* Return on Experience.

ArcelorMittal Dofasco recognised with the 2008 Safety and Health Excellence Recognition Award

11

SUSTAINABLE

12

Corporate Responsibility: How we do what we do Our position in the industry brings unique opportunities and unique responsibilities. Our future success partly depends on the wider world giving us the freedom and flexibility to succeed. We will earn its trust to do so by behaving responsibly.

ArcelorMittal will transform tomorrow by:

Investing in our people

Making each and every person working on our

behalf feel valued.

Making steel more sustainable

Using our expertise in steel to develop cleaner processes and

greener products.

Enriching our communities

Our presence plays an important role in all the communities where we

operate.

…all this is underpinned by transparent governance

The Corporate Responsibility strategy is driven through four focus areas

13

Investing in our people

• HR LeadershipIn 2008, over 50 proximity meetings were conducted in more than 20 countries

• JobMarketOnlinee-recruitment tool for exempts 6,669 candidates (internal and external) applied in 2008

• Talent resourcingGroup Engineers and Business Leaders ProgrammesInduction Programme for newcomers

• Leadership developmentGlobal Executive Development Programme

• ArcelorMittal UniversityMore than 300,000 people have been trained since 2007Optimas Award (‘Global Outlook’category) in August 2008

• Employee relations and benchmarkingGlobal Health and Safety Agreement signed with trade unions (June 2008)

• Compensation and benefitsPerformance management

• International mobility390 mobility cases finalisedin 2008 resulting in 847 expatriates

Making each and every person working on our behalf feel valued

14

Making steel more sustainable

• We’re the world’s largest producer of direct reduced iron (DRI) with total production of approximately 8.1 million tonnes in 2008.

• Our High Strength Steels (HSS) contribute to reduce greenhouse gases by using lighter structures.

• The ULCOS project seeks to achieve a reduction of more than 50% in steel industry CO2 emissions.

• The global recycling rate for steel cans was 68% in 2007 –approximately 13 million tonnes of CO2 emissions were avoided worldwide thanks to recycling*.

Using our expertise in steel to develop cleaner processes and greener products

* Source: APEAL

15

Enriching our communities

• Community Engagement Standard published in 2008

• Dialogue with stakeholders locally

– Quarterly reviews in Kazakhstan

– Socio-economic projects in Prijedor (Bosnia)

• ArcelorMittal Foundation– Driving force for much of community

investment– Nearly 600 projects in 27 countries– Activities in education, Health and

Safety and social promotion– Emphasis on maximising long-term

economic growth, while respecting local needs and encouraging local entrepreneurship

– Volunteer Day in 2008: mobilised more than 10,000 employees worldwide.

Our presence plays an important role in all the communities where we operate

16

Transparent governance

• ArcelorMittal is committed to visible governance based on an understanding of business reality.

• The Code of Business Conduct establishes the standards for ethical behaviour to be followed by employees and directors.

• Whistleblowing notification systems in place for any complaint.

• Insider Dealing Regulations applied to the worldwide operations.

Our Corporate Responsibility strategy is underpinned by transparent governance

17

STEEL

18

Leading producer of advanced high-strength steels

Sparrows Point

Flat Carbon Americas

• 2008 sales: $27,031 million• 2008 shipments: 25.8 million tonnes

• Products: slabs, hot-rolled coil, cold-rolled coil, coated steel products and plate.

• Main customers: distribution and processing, automotive, tubular products, construction, packaging, and appliances.

• Production facilities located at 8 integrated and mini-mill sites in 4 countries.

• Operations in Canada, the United States, Mexico and Brazil.

19

Flat Carbon Europe

• 2008 sales: $38,300 million• 2008 shipments: 33.5 million tonnes

• Products: hot-rolled coil, cold-rolled coil, coated products, tinplate, plate and slab.

• Main customers: automotive, packaging and general industries.

• Production facilities located at 13 integrated and mini-mill sites in 8 countries.

Complete portfolio of flat steel products serving all customer segments across Europe

20

CAPEX for projects done or approved

37 long carbon plants in Europe and the Americas producing a wide range of long products

Long Carbon Americas and Europe

• 2008 sales: $32,268 million• 2008 shipments: 27.1 million tonnes

• Products: sections, wire rod, rebars, billets, blooms and wire drawing.

• Production facilities in Long Carbon Americas located at 15 integrated and mini-mill sites in 6 countries,

• Production facilities in Long Carbon Europe located at 18 integrated and mini-mill sites in 10 countries.

Wire drawing facilities are not shown on map

21

Large low-cost production base and extensive footprint

Africa, Asia and CIS (AACIS)

• 2008 sales: $13,133 million• 2008 shipments: 13.3 million tonnes

• Products: combination of flat and long products, and pipes and tubes.

• 6 flat and long production facilities in 3 countries.

22

ArcelorMittal is a world leader in stainless steel and nickel alloys

Stainless Steel• 2008 sales: $8,341• 2008 shipments: 2.0 million tonnes

• Products: flat and long stainless steel and alloy products (Europe and South America).

• Main customers: domestic appliances and household equipment, automotive, construction and general industries.

• Production facilities in the Americas located at one integrated site in one country.

• Production facilities in Europe located at 4 mini-mill sites in 2 countries.

23

The world’s largest steel distributor and processor

Market position by region

Steel production Distribution Solutions

Strategic presence

No 1

No 1

No 1No 1

No 1

Strategic presence

Strategic partnership

Significant presence

Strategic presenceNo 1

Leading position

EuropeNorth America

South America

Africa

Asia

Eastern Europe and CIS

Distribution Solutions

• 2008 sales: $23,126 million• 2008 shipments: 19.1 million tonnes

• Network of more than 450 facilities for more than 200,000 customers.

• Value-added and customised steel solutions through further steel processing to meet specific customer requirements.

• Activities: steel processing, technical consultancy, engineering, provision of construction and foundation solutions for infrastructure projects.

24

ArcelorMittal

19, avenue de la LibertéL-2930 LuxembourgTel: +352 4792 1

Berkeley Square HouseBerkeley SquareLondon W1J 6DATel: +44 (0) 20 7629 7988

Contacts