ArcelorMittal S.A. : ArcelorMittal extends conversion date for $1bn mandatory
Luxembourg, 20 December 2012 - ArcelorMittal announces the extension of the
conversion date for the $1bn privately placed mandatory convertible bond (MCB)
issued on 28 December 2009 by one of its wholly-owned Luxembourg subsidiaries.
This amendment to the MCB, which is mandatorily convertible into preferred
shares of such subsidiary, was executed on 18 December 2012.
The mandatory conversion date of the bond has been extended to 31 January
2014. The other main features of the MCB remain unchanged. The bond was placed
privately with a Luxembourg affiliate of Credit Agricole Corporate and
Investment Bank and is not listed.
The subsidiary has simultaneously executed amendments providing for the
extension of the outstanding notes into which it invested the proceeds of the
bond issuance, which are linked to shares of the listed companies Eregli Demir
Va Celik Fab. T. AS of Turkey and China Oriental, both of which are held by
ArcelorMittal is the world's leading steel and mining company, with a presence
in more than 60 countries.
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
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 (MTS).
For more information about ArcelorMittal visit: www.arcelormittal.com
Contact information ArcelorMittal Investor Relations
Europe + 352 4792 2484
Americas + 1 312 899 3569
Retail + 44203214 3198
SRI + 44 207 543 1128
Bonds/Credit + 33 171 92 10 26
Contact information ArcelorMittal Corporate Communications
Phone: +352 4792 5000
ArcelorMittal Corporate Communications
Giles Read (Head of Media Relations) + 44 20 3214 2845
Tobin Postma + 44 20 3214
Martin Leeburn + 44 20 7379 5151
Sylvie Dumaine / Anne-Charlotte Creach + 33 1 5370 7470
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information contained therein.
Source: ArcelorMittal S.A. via Thomson Reuters ONE
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