ArcelorMittal shareholders approve dividend and board member re-elections

ArcelorMittal shareholders approve dividend and board member re-elections

(IN BRIEF) ArcelorMittal’s Annual General Meeting and Extraordinary General Meeting have been held, with over 75% of voting rights represented. The meetings approved the distribution of a dividend of US$0.44 per share and re-elected Lakshmi N. Mittal, Aditya Mittal, and Etienne Schneider as directors of the company for a term of three years each. Additionally, Patricia Barbizet was elected as a director. The decision to cancel shares and reduce the issued share capital following the cancellation of shares repurchased under the company’s share buyback program was also approved. Detailed voting results will be available on the company’s website.

(PRESS RELEASE) LUXEMBOURG, 3-MAY-2023 — /EuropaWire/ — Over 75% of the voting rights were represented at the General Meetings. The detailed results of the votes will be posted shortly on www.arcelormittal.com under ‘Investors > Equity Investors > Shareholders’ meetings > General Meetings of shareholders, 2 May 2023’ where the full documentation regarding the General Meetings is available.

In particular, the shareholders:

• Approved the distribution of a dividend of US$0.44 per share;
• Re-elected Mr. Lakshmi N. Mittal, Mr. Aditya Mittal, Mr. Etienne Schneider and elected Mrs. Patricia Barbizet as directors of ArcelorMittal, for a term of three years each;
• Approved the decision to cancel shares and to consequently reduce the issued share capital following the cancellation of shares repurchased under its share buyback program as required.

About ArcelorMittal

ArcelorMittal is the world’s leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 16 countries. In 2022, ArcelorMittal had revenues of $79.8 billion and crude steel production of 59.0 million metric tonnes, while iron ore production reached 45.3 million metric tonnes. Our purpose is to produce ever smarter steels that have a positive benefit for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future. 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/

http://corporate.arcelormittal.com/

Media Contact:

Investor Relations
General:+44 207 543 1128
Retail:+44 203 214 2893
SRI:+44 203 214 2801
Bonds/Credit:+33 1 71 92 1026

Corporate Communications
Email:press@arcelormittal.com
Paul Weigh
+44 203 214 2419

SOURCE: ArcelorMittal