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ArcelorMittal Share Buyback Program: Status Report as of June 13
LUXEMBOURG-(Business Wire)-June 18, 2008 - Regulatory News:
ArcelorMittal, under the new share buy-back program as announced on 12 December and on 18 December 2007, hereby announces that it has repurchased 1,250,000 shares from 10 February until 13 June 2008.
The shares were repurchased at an average price of EUR 63.00 and for a total amount of EUR 78,752,495.
This share buyback occurred within ArcelorMittal's 44 million share buy-back program which started on 18 December 2007 and is to be completed over two years. As of 22 February 2008, an aggregate 16.4 million shares had been repurchased under that program.
For more information on the share buy-back program see the Share Information section under Investors & Shareholders on the ArcelorMittal website at www.arcelormittal.com.
About ArcelorMittal
ArcelorMittal is the world's largest and most global steel company, with 310,000 employees in more than 60 countries.
ArcelorMittal 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 28 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.
ArcelorMittal key financials for 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 million tonnes, representing around 10 per cent of world steel output.
ArcelorMittal 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 and Valencia (MTS).
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