LUXEMBOURG: ArcelorMittal (referred to as “ArcelorMittal” or the “Company”) (MT (New York, Amsterdam, Paris, Brussels, Luxembourg), MTS (Madrid)), the world’s leading steel company, today announced results1 for the three months and six month periods ended June 30, 2010.

Highlights for the three months ended June 30, 2010:

Health and Safety frequency rate2 marginally improved compared with Q1 2010

EBITDA3 of $3.0 billion in Q2 2010, up 59% compared to Q1 2010

Net debt4 decreased by $0.4 billion to $20.3 billion during Q2 2010 primarily due to foreign exchange impacts

Performance and industrial plan:

Capacity utilization increased to 78% in Q2 2010 from 72% in Q1 2010

$3.0 billion of annualized sustainable cost reduction achieved by the end of Q2 2010

Guidance for the three months ended September 30, 2010:

EBITDA expected to be between $2.1 billion – $2.5 billion

Capacity utilization is expected to decrease to approximately 70% due to seasonal slowdown

Stainless steel segment spin-off assessment

ArcelorMittal is assessing the spin-off of its stainless steel segment to its shareholders