ArcelorMittal Announces Results of Invitation for Offers to Sell for Cash up to the Maximum Acceptance Amount of its €750,000,000 3.125% Notes due 14 Jan 2022 ('2022 Bonds') and €500,000,000 0.95% Notes due 17 Jan 2023 ('2023 Bonds') - Seite 2

Settlement

The Settlement Date is expected to be 15 October 2020. 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.

Payment of the relevant Total Consideration, by or on behalf of the Company shall fully and finally discharge the Company’s obligations to the relevant Bondholders in respect of the Bonds delivered and accepted for purchase pursuant to the Invitation and as soon as reasonably practicable following the Settlement Date, such Bonds shall be canceled pursuant to their terms and conditions. Under no circumstances will any additional interest be payable by the Company to a Bondholder due to any delay in the transmission of funds from the relevant Clearing System or any intermediary with respect to the Bonds of that Bondholder.

Banco Bilbao Vizcaya Argentaria, S.A., Citigroup Global Markets Limited, HSBC Bank plc, Mizuho International plc and Natixis have been appointed to serve as the dealer managers for the Offers. D.F. King Ltd. has been retained to serve as the information and tender agent (“Tender Agent”).

For additional information regarding the terms of the Invitation, please contact Banco Bilbao Vizcaya Argentaria, S.A. at [phone] or [phone], Citigroup Global Markets Limited at [phone], HSBC Bank plc at [phone], Mizuho International plc at [phone] and Natixis at [phone]. Requests for documents and questions regarding the offers to sell Bonds may be directed to D.F. King Ltd. via email: [e-mail], or telephone: London: [phone].

A copy of the Invitation for Offers is also available at https://sites.dfkingltd.com/arcelormittal and may be obtained at no charge from D.F. King.

Capitalized terms used and not defined herein have the meanings ascribed to them in the Invitation for Offers.

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This announcement must be read in conjunction with the Invitation for Offers. The distribution of this announcement and the Invitation for Offers in certain jurisdictions may be restricted by law. Persons into whose possession this Notice or the Invitation for Offers comes are required by each of the Company, the Dealer Managers and the Information and Tender Agent to inform themselves about and to observe any such restrictions.