ArcelorMittal announces the extension of the conversion date for the $1bn privately placed mandatory convertible bond

Luxembourg, 25-11-2015 — /EuropaWire/ — 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 20 November 2015. The mandatory conversion date of the bond has been extended to 31 January 2018. 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 60 countries and an industrial footprint in 19 countries. Guided by a philosophy to produce safe, sustainable steel, we are the leading supplier of quality steel in the major global steel markets including automotive, construction, household appliances and packaging, with world-class research and development and outstanding distribution networks.

Through our core values of sustainability, quality and leadership, we operate responsibly with respect to the health, safety and wellbeing of our employees, contractors and the communities in which we operate.

For us, steel is the fabric of life, as it is at the heart of the modern world from railways to cars and washing machines. We are actively researching and producing steel-based technologies and solutions that make many of the products and components people use in their everyday lives more energy efficient.

We are one of the world’s five largest producers of iron ore and metallurgical coal and our mining business is an essential part of our growth strategy. With a geographically diversified portfolio of iron ore and coal assets, we are strategically positioned to serve our network of steel plants and the external global market. While our steel operations are important customers, our supply to the external market is increasing as we grow.

In 2014, ArcelorMittal had revenues of US$79.3 billion and crude steel production of 93.1 million tonnes, while own iron ore production reached 63.9 million tonnes.

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 please visit: http://corporate.arcelormittal.com.

Contact us

Contact information ArcelorMittal Investor Relations
Europe: +352 4792 3198
Americas: +1 312 899 3985
Retail: +352 4792 3198
SRI: +44 207 543 1123
Bonds/Credit: +33 1 71 92 10 26

Contact information ArcelorMittal Corporate Communications
E-mail: press@arcelormittal.com
Phone: +44 207 629 7988

ArcelorMittal Corporate Communications
Sophie Evans (Head of Media Relations) +44 203 214 2882
Paul Weigh +44 203 214 2419
Laura Nutt +44 207 543 1125
Isabelle Cornelis +44 203 214 2453

United Kingdom
Maitland Consultancy:
+44 20 7379 5151

France
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Sylvie Dumaine / Anne-Charlotte Creach
+33 (1) 53 70 74 70

SOURCE: ArcelorMittal

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