Arcelor Shareholders Approve 2006 Financial Statements and Dividend

Regulatory News: The General Meeting of Arcelor shareholders held on 27 April 2007, chaired by Joseph Kinsch, adopted all resolutions submitted for approval. The items on the agenda for the meeting were as follows: • Report of the Board of Directors and the Auditors Report on the annual accounts and the consolidated accounts for the 2006 financial year • Approval of the annual accounts for the 2006 financial year • Approval of the consolidated accounts for the 2006 financial year • Determination of the amount of fees to be allocated to the Board of Directors • Allocation of results and determination of the dividend The shareholders approved 2006 financial statements and the distribution of a gross dividend of USD 1.30 per share, payable in three settlements: - a gross dividend of USD 0.65 per share on 15 June 2007 - a gross dividend of USD 0.65 per share payable in two settlements, in September 2007 (USD 0.325 gross per share) and in December 2007 (USD 0.325 gross per share) The shareholders acknowledged that the payment to be made in September and December 2007 might be impacted by the contemplated merger between Arcelor S.A. and Mittal Steel Company N.V. • Discharge of the directors • Acknowledgment of resignation and statutory elections The shareholders acknowledged the resignation of Hedwig de Koker, Francisco Javier de la Garriga, Jean-Yves Durance, Noël Forgeard, Ulrich Hartmann, Daniel Melin, Fernand Wagner, and ratified the appointment of Lewis Kaden, Romain Zaleski, François Pinault, Wilbur Ross, Naranayan Vaghul, Vanisha Mittal Bhatia and Lakshmi N. Mittal to the Board of Directors. • Renewal of the authorisation of the board of Directors of the Company and of the corporate bodies of other companies in the Group to acquire shares in the Company Addressing shareholders at the meeting, Mr Kinsch, Chairman of the Board of Directors, said: "The creation of value was at the very heart of the creation of Arcelor in 2002. By uniting three strong and emblematic European steel companies together, Aceralia, Arbed and Usinor, we wished to develop a leading steel company and I dare say we were not mistaken. Soon after its consolidation, Arcelor took the first steps in its growth, with the creation of Arcelor Brasil and later with the acquisition of Dofasco in Canada, an important step in our automobile strategy in North America, following on from Brazil. The merger with Mittal Steel offered an opportunity to further accelerate our strategy of building a more global business to drive value creation. Arcelor Mittal is today ranked among the leading industrial groups worldwide, not only in terms of scope and geographical coverage, but because of its capacity to maximise the immense potential of the group throughout the world, in terms of know-how and steel making skills. Arcelor Mittal is dedicated to steelmaking, where excellence has become a leitmotiv. Last July we said we wanted to become the most admired steel company in the world. Our ambition has not changed, and we are well on the way to achieving it.” He also provided an update on the legal completion of the merger: "We expect the merger to be completed before the end of 2007. We intend to make the proposed exchange ratio public by end of May 2007”. About Arcelor Mittal Arcelor Mittal is the world's number one steel company, with 320,000 employees in more than 60 countries. The company brings together the world's number one and number two steel companies, Arcelor and Mittal Steel. Arcelor Mittal 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 27 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets. Arcelor Mittal key pro forma financials for 2006 show combined revenues of USD 88.6 billions, with a crude steel production of 118 million tonnes, representing around 10 per cent of world steel output. Arcelor Mittal 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 (MTS) and Valencia. Note: Arcelor Mittal will announce first-quarter 2007 results on May 16, before markets open.