Wed, 5 Jul 2006 8:38:00 PDT
Luxembourg -- (MARKET WIRE) -- 07/05/2006 -- Arcelor and Mittal Steel expect that the proposed merger between the two companies will not constitute a change of control of Arcelor Brasil S.A. ("Arcelor Brasil") and Acesita S.A. ("Acesita"). Therefore, no mandatory tender offer to minority shareholders of Arcelor Brasil, nor Acesita, is expected to be made as a result of the merger.
Indeed, Arcelor and Mittal Steel expect that upon completion of the Revised Offer, neither Mr. Lakshmi Mittal and his family nor any other shareholder will hold more than 50% of Mittal Steel and that Arcelor will not be ultimately controlled by any individual shareholder or group of shareholders.
The complete Portuguese press release published in Brazil, as well as an English translation thereof, are available on the websites of Arcelor Brasil (www.arcelor.com/br) and Acesita (www.acesita.com.br).
About Arcelor
Arcelor is the number one steel company in the world with a turnover of 32.6 billion euros in 2005. The company holds leadership positions in its main markets: automotive, construction, household appliances and packaging as well as general industry. The company -- number one steel producer in Europe and Latin America -- ambitions to further expand internationally in order to capture the growth potential of developing economies and offer technologically advanced steel solutions to its global customers. In 2006, Arcelor employs 110,000 associates in over 60 countries. The company places its commitment to sustainable development at the heart of its strategy and ambitions to be a benchmark for economic performance, labour relations and social responsibility.
For more information visit www.arcelor.com
Investor Relations
E-mail: investor.relations@arcelor.com
Martine Hue: +352 4792 2151
00 800 4792 4792 (toll free from the EU and Switzerland)
France +33 1 71 92 0090
Brasil Christiano Woelffel: +55 31 3219 1245
The full press release is available on http://www.companynewsgroup.com
This information is provided by CompanynewsGroup
For more information visit www.arcelor.com Investor Relations E-mail: investor.relations@arcelor.com Martine Hue: +352 4792 2151 00 800 4792 4792 (toll free from the EU and Switzerland) France +33 1 71 92 0090 Brasil Christiano Woelffel: +55 31 3219 1245
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