ArcelorMittal Share Buyback Program: Status Report as of July 11

Business Wire,  July 14, 2008  

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LUXEMBOURG -- Regulatory News:

ArcelorMittal, under the new share buy-back program as announced on 12 December and on 18 December 2007 and the share buyback mandate as announced on 1 July 2008, advises that it has repurchased 4,691,129 shares from 7 July until 11 July 2008.

The shares were repurchased at an average price of EUR 55.0081 and for a total amount of EUR 258 049 859.

With these repurchases, the mandate given to Exane BNP Paribas on June 27 by Frecolux, a subsidiary of ArcelorMittal, to buy back up to 10 million ArcelorMittal shares, is completed.

For more information on the share buyback program see the Share Information section under Investors & Shareholders on the ArcelorMittal website at www.arcelormittal.com.

About ArcelorMittal

ArcelorMittal is the world's largest integrated metals and mining company, with over 310,000 employees in more than 60 countries.

ArcelorMittal is the leader in all major global 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. An industrial presence in over 20 countries across 4 continents exposes the company to all the key steel markets, from emerging to mature.

ArcelorMittal key financials for 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 million tonnes, representing around 10 per cent of world steel output.

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

For more information about ArcelorMittal visit: www.arcelormittal.com

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