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ArcelorMittal S.A. : ArcelorMittal extends conversion date for $1bn mandatory convertible bond

ArcelorMittal S.A. : ArcelorMittal extends conversion date for $1bn mandatory
                               convertible bond

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 subsidiaries.

About ArcelorMittal



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 
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 (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
E-mail: press@arcelormittal.com
Phone: +352 4792 5000
ArcelorMittal Corporate Communications
Giles Read (Head of Media Relations)      + 44 20 3214 2845
Tobin Postma                         + 44 20 3214
2412

United Kingdom
Maitland Consultancy:
Martin Leeburn                        + 44 20 7379 5151

France
Image 7
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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