Results of the Invitation for Offers to Sell Any and All Bonds for Cash in relation to the following bonds issued by ArcelorMittal €600,000,000 2.875% Notes due 6 July 2020(2020 Bonds);and €500,000,000 3.00% Notes due 9 Apr 2021(2021 Bonds)

 

NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA) (THE “UNITED STATES”) OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS DOCUMENT AND THE INVITATION FOR OFFERS. FURTHER CONDITIONS AND RESTRICTIONS APPLY.

Luxembourg, 9 December 2019 – 10:15 CET - On 29 November 2019, ArcelorMittal (“ArcelorMittal” or the “Company”) announced the commencement of an invitation (subject to offer restrictions) to holders of the bonds (“Bondholders”) set forth in the table below (the “Bonds”) to submit offers to sell (each such offer, an “Offer to Sell”) any and all of the Bonds to the Company for cash (the “Invitation”) on the terms and subject to the conditions set out in the Invitation for Offers dated 29 November 2019 (the “Invitation for Offers”). The Invitation expired at 17.00 hours CET on 6 December 2019.

Announcement of Results of the Invitation

The Company is pleased to announce the acceptance of Offers to Sell as follows:

Bonds	ISIN	Amount tendered	Purchase Price	Accrued Interest	Total Consideration	Aggregate Principal Amount Outstanding after the Settlement Date
€600,000,000 2.875% Notes due 6 July 2020	XS1084568762	€317,967,000	101.780% (€1,017.80 for each €1,000 in principal amount)	€12.4112022 for each €1,000 in principal amount	€1,030.21 for each €1,000 in principal amount	€282,033,000
€500,000,000 3.000% Notes due 9 April 2021	XS1214673722	€214,484,000	103.984% (€1,039.84 for each €1,000 in principal amount)	€20.1639344 for each €1,000 in principal amount	€1,060.00 for each €1,000 in principal amount	€285,516,000

Settlement

The Settlement Date is expected to be 11 December 2019. All tenders pursuant to the Invitation will settle through the normal procedures of the relevant Clearing System. On the Settlement Date, the Company shall pay or procure that there is paid to each Bondholder which has validly submitted an Offer to Sell accepted for purchase by the Company, an amount in cash equal to the Total Consideration.