ArcelorMittal Announces Final Results of its Offers to Purchase for Cash the Outstanding Notes Listed Below - Seite 2

The Offers were made pursuant to an offer to purchase dated August 7, 2018 (the "Offer to Purchase") which contains the full terms and conditions of the Offers. The Offers expired at 11:59 p.m., New York City time, on September 4, 2018 (the "Expiration Time").

On August 22, 2018 (the "Early Settlement Date"), the Company made a payment in cash for all Notes tendered at or prior to 5:00 p.m., New York City time, on August 20, 2018 (such time, the "Early Tender Time") and not validly withdrawn. Taking into account $725,304,306 (excluding related fees and accrued interest) spent on Notes accepted for purchase as of the Early Tender Time pursuant to the Offers, the portion of the Maximum Tender Cap available for Notes tendered after the Early Tender Time and at or prior to the Expiration Time was equal to $24,695,694.

After the Early Tender Time and at or prior to the Expiration Time, the Company received valid tenders in respect of $3,530,000 aggregate principal amount of 2039 Notes and $188,000 aggregate principal amount of 2041 Notes.

Considering the $24,695,694 portion of the Maximum Tender Cap available for Notes tendered after the Early Tender Time and at or prior to the Expiration Time, all Notes tendered after the Early Tender Time and at or prior to the Expiration Time are expected to be accepted for purchase pursuant to the Offers.

Subject to the terms and conditions set forth in the Offer to Purchase, with respect to Notes validly tendered after the Early Tender Time but at or prior to the Expiration Time and accepted for purchase pursuant to the Offers, the Company expects to pay the Tender Consideration, together with any accrued and unpaid interest from, and including, the immediately preceding interest payment date applicable to the Notes to, but excluding, the Final Settlement Date (the "Accrued Interest"), to the Holders thereof on the second Business Day after the Expiration Time, expected to be September 6, 2018 (the "Final Settlement Date").

All Notes that are purchased by the Company in the Offers will be retired and cancelled and no longer remain outstanding obligations, and no interest will be payable on such Notes following such cancellation.

Citigroup Global Markets Limited, Credit Agricole Securities (USA) Inc., J.P. Morgan Securities LLC and Merrill Lynch International acted as dealer managers for the Offers. D.F. King acted as the information agent and tender agent in connection with the Offers.