ArcelorMittal S.A.

ArcelorMittal announces the issuance of €750 million Notes under its €3 billion EMTN Programme

press release

ArcelorMittal announces the issuance of €750 million Notes under its €3 billion EMTN Programme

Luxembourg, 14 January 2015 - ArcelorMittal ("ArcelorMittal" or "the Issuer") announces the issuance of € 750 million 3.125 per cent. Notes due 14 January 2022 (the "Notes").

The issuance closed today. The Notes were issued under ArcelorMittal's €3 billion wholesale Euro Medium Term Notes Programme.

The proceeds of the issuance will be used for general corporate purposes.

Important note: This press release does not, and shall not, in any circumstances constitute a public offering by ArcelorMittal of the Notes nor an invitation to the public in connection with any offer. No communication and no information in respect of the issuance of the Notes may be distributed to the public in any jurisdiction where a registration or approval is required. No steps have been or will be taken in any jurisdiction where such steps would be required. The offering or purchase of the Notes may be subject to specific legal or regulatory restrictions in certain jurisdictions. ArcelorMittal takes no responsibility for any violation of any such restrictions by any person.

This press release is an advertisement and not a prospectus within the meaning of Directive 2003/71/EC of the European Parliament and the Council of November 4th, 2003 (as amended and as implemented in each member State of the European Economic Area (the "Member States"), the ("Prospectus Directive"). The base prospectus of the €3 billion wholesale Euro Medium Term Programme of ArcelorMittal dated as of 14 March 2014 (the "Base Prospectus") (as supplemented by a prospectus supplement no. 1 dated as of 3 June 2014 (the "Prospectus Supplement No. 1) and a prospectus supplement no. 2 dated as of 8 January 2015 (the "Prospectus Supplement No. 2)) and the final terms prepared by the Issuer in connection with the issuance of the Notes have been prepared on the basis that any offer of Notes in any Member State of the European Economic Area which has implemented the Prospectus Directive (each, a "Relevant Member State") will be made pursuant to an exemption under the Prospectus Directive, as implemented in that Relevant Member State, from the requirement to publish a prospectus for offers of the Notes.  Accordingly, any person making or intending to make an offer in that Relevant Member State of the Notes may only do so in circumstances in which no obligation arises for the Issuer or the joint lead managers acting in connection with the issuance of the Notes to publish a prospectus pursuant to Article 3 of the Prospectus Directive or supplement a prospectus pursuant to Article 16 of the Prospectus Directive, in each case, in relation to such offer. The Issuer and the joint lead managers acting in connection with the issuance of the Notes have not authorized the making of any offer of Notes in any other circumstances. The Base Prospectus (as supplemented by the Prospectus Supplement No. 1 and the Prospectus Supplement No. 2) and the final terms referred to above have been filed with the Commission de Surveillance du Secteur Financier of Luxembourg and the Luxembourg Stock Exchange, respectively.