<SEC-DOCUMENT>0001243429-14-000003.txt : 20140805
<SEC-HEADER>0001243429-14-000003.hdr.sgml : 20140805
<ACCEPTANCE-DATETIME>20140805081701
ACCESSION NUMBER:		0001243429-14-000003
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20140630
FILED AS OF DATE:		20140805
DATE AS OF CHANGE:		20140805

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ArcelorMittal
		CENTRAL INDEX KEY:			0001243429
		STANDARD INDUSTRIAL CLASSIFICATION:	STEEL WORKS, BLAST FURNACES  ROLLING MILLS (COKE OVENS) [3312]
		IRS NUMBER:				000000000
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35788
		FILM NUMBER:		141014681

	BUSINESS ADDRESS:	
		STREET 1:		19 AVE DE LA LIBERTE
		STREET 2:		L-2930 LUXEMBOURG
		CITY:			R.C.S. LUXEMBOURG
		STATE:			N4
		ZIP:			00000
		BUSINESS PHONE:		35247922151

	MAIL ADDRESS:	
		STREET 1:		19 AVE DE LA LIBERTE
		STREET 2:		L-2930 LUXEMBOURG
		CITY:			R.C.S. LUXEMBOURG
		STATE:			N4
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ARCELOR
		DATE OF NAME CHANGE:	20030618
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>Cover.htm
<DESCRIPTION>COVER PAGE
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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





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<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

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<p align=center style="border:none;margin:0cm;margin-bottom:.0001pt;padding:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

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<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:16.0pt;">UNITED STATES</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:16.0pt;">SECURITIES AND EXCHANGE COMMISSION</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">Washington, D.C. 20549</font></b></p>

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<p align=center style="border:none;margin:0cm;margin-bottom:.0001pt;padding:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>

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<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:16.0pt;">FORM 6-K</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">REPORT OF FOREIGN
PRIVATE ISSUER</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">PURSUANT TO RULE
13a-16 OR 15d-16</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">UNDER THE SECURITIES
EXCHANGE ACT OF 1934</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Dated August 4, 2014</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Commission File number 001-35788</font></b></p>

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<p align=center style="border:none;margin:0cm;margin-bottom:.0001pt;padding:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:3.0pt;">&nbsp;</font></p>

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<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:20.0pt;">ARCELORMITTAL</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:7.5pt;">(Translation of Registrant&#8217;s name into English)</font></b></p>

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<p align=center style="border:none;margin:0cm;margin-bottom:.0001pt;padding:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

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<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=FR style="font-size:9.0pt;">19, Avenue de la Libert&#233;, </font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=FR style="font-size:9.0pt;">L-2930 Luxembourg,</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Grand Duchy of Luxembourg</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:7.5pt;">(Address of principal executive offices)</font></b></p>

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<p align=center style="border:none;margin:0cm;margin-bottom:.0001pt;padding:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:6.0pt;">&nbsp;</font></p>

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<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Indicate by check mark whether
the registrant files or will file annual reports under cover Form 20-F or Form
40-F. </font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Form 20-F&#160; &nbsp;&nbsp;<a name="EHWf59bb17a_6577_4797_a8f7_81ed25fc8989"></a></font><font face=Wingdings lang=EN-US style="font-size:9.0pt;">x<a name="EHWf59bb17a_6577_4797_a8f7_81ed25fc8989_"></a></font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(1):____ </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by Regulation S-T
Rule 101(b)(7):_____</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Indicate by check mark whether
the registrant by furnishing the information contained in this Form is also
thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of 1934. </font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Yes&nbsp;&nbsp;<a name="EHW22b39730_bb3f_45e5_a6bd_5d39af8fe357"></a></font><font face=Wingdings lang=EN-US style="font-size:9.0pt;">&#168;<a name="EHW22b39730_bb3f_45e5_a6bd_5d39af8fe357_"></a></font><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;No&nbsp;&nbsp;<a name="EHWe8e8696e_9ad8_4a04_b201_382d07baae86"></a><a name="EHWe8e8696e_9ad8_4a04_b201_382d07baae86_"></a></font><font face=Wingdings lang=EN-US style="font-size:9.0pt;">x&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">If &#8220;Yes&#8221; marked, indicate below
the file number assigned to the registrant in connection with Rule 12g3-2(b):
82-</font><font face="Times New Roman,serif" lang=EN-US style="font-size:4.0pt;">______&nbsp;</font></p>

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<p align=center style="border:none;margin:0cm;margin-bottom:.0001pt;padding:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

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<p style="margin:0cm;margin-bottom:.0001pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

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<p style="margin:0cm;margin-bottom:.0001pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

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<p style="margin:0cm;margin-bottom:.0001pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:7.5pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:12.0pt;">THIS REPORT ON
FORM 6-K SHALL BE DEEMED TO BE INCORPORATED BY REFERENCE IN THE REGISTRATION
STATEMENT ON FORM F-3 (NO. 333-179763) OF ARCELORMITTAL AND THE PROSPECTUSES
INCORPORATED THEREIN.</font></p>


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<p style="margin:0cm;margin-bottom:.0001pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Exhibits
99.1 and 99.2 are hereby incorporated by reference into this report on Form
6-K. </font></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Exhibit List</font></b></p>

<div align=center>

<table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr>
  <td nowrap valign=bottom style="padding:0cm 0cm 0cm 0cm;">
  <div style="border:none;border-bottom:solid black 1.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="border:none;margin-left:0cm;margin-right:0cm;padding:0cm;"><font face="Times New Roman,serif" style="font-size:9.0pt;">Exhibit No.</font></p>
  </div>
  </td>
 <td valign=bottom style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;&nbsp;</font></p>
  </td>
 <td nowrap valign=bottom style="padding:0cm 0cm 0cm 0cm;">
  <div style="border:none;border-bottom:solid black 1.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=center style="border:none;margin-left:0cm;margin-right:0cm;padding:0cm;text-align:center;"><font face="Times New Roman,serif" style="font-size:9.0pt;">Description</font></p>
  </div>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td style="height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 style="height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=top style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">Exhibit&nbsp;99.1</font></p>
  </td>
 <td valign=bottom style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;&nbsp;</font></p>
  </td>
 <td valign=top style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">Management&#8217;s Discussion and
  Analysis of Financial Condition and Results of Operations for the Six Months
  Ended June 30, 2014.</font></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td style="height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 style="height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=top style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">Exhibit 99.2</font></p>
  </td>
 <td valign=bottom style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;&nbsp;</font></p>
  </td>
 <td valign=top style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin-bottom:.75pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Times New Roman,serif" style="font-size:9.0pt;">Condensed consolidated financial
  statements of ArcelorMittal for the six months ended June 30, 2014, prepared
  in accordance with International Financial Reporting Standards as issued by
  the International Accounting Standards Board.</font></p>
  </td>
 </tr>
</table>

</div>

<p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman,serif" lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

<div style="border:none;border-top:solid black 1.0pt;padding:0cm 0cm 0cm 0cm;">

<p align=center style="border:none;margin:0cm;margin-bottom:.0001pt;padding:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

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<p align=center style="border:none;margin:0cm;margin-bottom:.0001pt;padding:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

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<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">SIGNATURES</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Pursuant to the requirements of
the Securities Exchange Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Date: August 4, 2014 </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">By:</font><u><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;"> /s/ Henk Scheffer</font></u></p>

<p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Name: Henk Scheffer</font></p>

<p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Title: Company Secretary</font></p>

<div style="border:none;border-top:solid black 1.0pt;padding:0cm 0cm 0cm 0cm;">

<p align=center style="border:none;margin:0cm;margin-bottom:.0001pt;padding:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

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<p align=center style="border:none;margin:0cm;margin-bottom:.0001pt;padding:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:4.0pt;">&nbsp;</font></p>

</div>

<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:9.0pt;">Exhibit Index</font></b></p>

<div align=center>

<table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr>
  <td nowrap valign=bottom style="padding:0cm 0cm 0cm 0cm;">
  <div style="border:none;border-bottom:solid black 1.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="border:none;margin-left:0cm;margin-right:0cm;padding:0cm;"><font face="Times New Roman,serif" style="font-size:9.0pt;">Exhibit No.</font></p>
  </div>
  </td>
 <td valign=bottom style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;&nbsp;</font></p>
  </td>
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  <div style="border:none;border-bottom:solid black 1.0pt;padding:0cm 0cm 0cm 0cm;">
  <p align=center style="border:none;margin-left:0cm;margin-right:0cm;padding:0cm;text-align:center;"><font face="Times New Roman,serif" style="font-size:9.0pt;">Description</font></p>
  </div>
  </td>
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  <td style="height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 style="height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=top style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">Exhibit&nbsp;99.1</font></p>
  </td>
 <td valign=bottom style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;&nbsp;</font></p>
  </td>
 <td valign=top style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">Management&#8217;s Discussion and
  Analysis of Financial Condition and Results of Operations for the Six Months
  Ended June 30, 2014.</font></p>
  </td>
 </tr>
<tr style="height:6.0pt;">
  <td style="height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td colspan=2 style="height:6.0pt;padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr>
  <td nowrap valign=top style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">Exhibit 99.2</font></p>
  </td>
 <td valign=bottom style="padding:0cm 0cm 0cm 0cm;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;&nbsp;</font></p>
  </td>
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  <p style="margin-bottom:.75pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Times New Roman,serif" style="font-size:9.0pt;">Condensed consolidated financial
  statements of ArcelorMittal for the six months ended June 30, 2014, prepared
  in accordance with International Financial Reporting Standards as issued by
  the International Accounting Standards Board.</font></p>
  </td>
 </tr>
</table>

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<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">Management&#8217;s Discussion and Analysis of Financial Condition
and Results of Operations for the six months ended June 30, 2014</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:4.5pt;page-break-after:avoid;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Company
overview </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:4.5pt;page-break-after:avoid;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:4.5pt;"><a name="EHW2526f7a6_44b0_441d_93c0_68ecb1f2ea3f"></a><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">ArcelorMittal
including its subsidiaries (&#8220;ArcelorMittal&#8221; or the &#8220;Company&#8221;) is the world&#8217;s
leading <a name="EHW4933490c_3fef_4804_8d4a_73824ccd3db7"></a><a name="EHW2526f7a6_44b0_441d_93c0_68ecb1f2ea3f_"></a>integrated s<a name="EHWb43aedea_308d_47ca_9cb1_49388ced5e24"></a><a name="EHW4933490c_3fef_4804_8d4a_73824ccd3db7_"></a>teel and mining
company, with<a name="EHWee0e0238_4393_4802_a998_feaae3ec1586"></a><a name="EHWb43aedea_308d_47ca_9cb1_49388ced5e24_"></a> an<a name="EHWa4b51853_3a9a_4e22_93e0_9b8fc930e58b"></a><a name="EHWee0e0238_4393_4802_a998_feaae3ec1586_"></a>nual <a name="EHW6e76f738_fc4e_4ee1_8665_24022ebcf23d"></a><a name="EHWa4b51853_3a9a_4e22_93e0_9b8fc930e58b_"></a>achievable<a name="EHW6e76f738_fc4e_4ee1_8665_24022ebcf23d_"></a> <a name="EHWab213307_3dca_48b3_8521_8efdfe0488cd"></a>production capacity of
approximately<a name="EHW31997fd3_6dc8_42d7_98b2_d0a7ce2c1e30"></a><a name="EHWab213307_3dca_48b3_8521_8efdfe0488cd_"></a> 1<a name="EHWb4a7cdc6_2df3_4ec8_8b27_573579863dc5"></a><a name="EHW31997fd3_6dc8_42d7_98b2_d0a7ce2c1e30_"></a>19<a name="EHW7d27095d_78cd_41bb_825e_59ded517cfc1"></a><a name="EHWb4a7cdc6_2df3_4ec8_8b27_573579863dc5_"></a> million tonnes of crude
steel. ArcelorMittal had sales <a name="EHW43dcec9c_590f_490e_ba8c_0da576bf6eb7"></a><a name="EHW7d27095d_78cd_41bb_825e_59ded517cfc1_"></a>of <a name="EHW4ef88868_a837_44f3_983a_1e4b689501a8"></a><a name="EHW43dcec9c_590f_490e_ba8c_0da576bf6eb7_"></a>$<a name="EHWec57d4b8_42e7_4626_b6ac_5e35dd611bcd"></a><a name="EHW4ef88868_a837_44f3_983a_1e4b689501a8_"></a>40.5 billion<a name="EHW17404676_1b4d_495f_b073_576ec79bbfa4"></a><a name="EHWec57d4b8_42e7_4626_b6ac_5e35dd611bcd_"></a>, steel shipments <a name="EHW28404fb7_b830_47e1_9bc3_8d81fc07b9cf"></a><a name="EHW17404676_1b4d_495f_b073_576ec79bbfa4_"></a>of <a name="EHW86eaf9e8_8105_4b0d_8ed9_6040c9e23ad9"></a><a name="EHW28404fb7_b830_47e1_9bc3_8d81fc07b9cf_"></a>4<a name="EHW7951aae9_2737_40eb_8a1c_c8f89f1969e9"></a><a name="EHW86eaf9e8_8105_4b0d_8ed9_6040c9e23ad9_"></a>2<a name="EHWaafdc24e_e80f_48c4_bc25_37bc2c730d41"></a><a name="EHW7951aae9_2737_40eb_8a1c_c8f89f1969e9_"></a>.<a name="EHWdb3f2d67_bb08_4055_a3be_fbf8cc9349d1"></a><a name="EHWaafdc24e_e80f_48c4_bc25_37bc2c730d41_"></a>4 million tonnes, crude
steel production <a name="EHW86d35c16_ec1f_4990_bf37_3c05c823d324"></a><a name="EHWdb3f2d67_bb08_4055_a3be_fbf8cc9349d1_"></a>of <a name="EHW7d13da62_87f4_4fc4_8ae7_bad4013e7cb6"></a><a name="EHW86d35c16_ec1f_4990_bf37_3c05c823d324_"></a>46.1 million tonnes, iron
ore production<a name="EHWe23fdb57_3b0c_49af_957a_2f1245a27622"></a><a name="EHW7d13da62_87f4_4fc4_8ae7_bad4013e7cb6_"></a> from own mines <a name="EHW782ef502_899c_4535_8d50_ad83d5e6c101"></a><a name="EHWe23fdb57_3b0c_49af_957a_2f1245a27622_"></a>of<a name="EHW47eae93f_4486_41d5_8ba8_1705ede15eb3"></a><a name="EHW782ef502_899c_4535_8d50_ad83d5e6c101_"></a> 31.4 million tonnes and
coal production <a name="EHW37066c4a_769e_440e_a032_e642890a3d17"></a><a name="EHW47eae93f_4486_41d5_8ba8_1705ede15eb3_"></a>from own mines <a name="EHWa8f5854d_cbfe_4b57_962c_4dc52ac55dc8"></a><a name="EHW37066c4a_769e_440e_a032_e642890a3d17_"></a>of <a name="EHW8711bbd8_cc23_4669_9138_04d33405b233"></a><a name="EHWa8f5854d_cbfe_4b57_962c_4dc52ac55dc8_"></a>3.6 million<a name="EHW8711bbd8_cc23_4669_9138_04d33405b233_"></a> <a name="EHWa3628f87_9f91_419a_ad38_da09433c2455"></a>tonnes <a name="EHW802d61ba_3bc8_476d_89be_11236d77404d"></a><a name="EHWa3628f87_9f91_419a_ad38_da09433c2455_"></a>in th<a name="EHW8d6c9680_446c_49da_a030_5dcbc31b7b13"></a><a name="EHW802d61ba_3bc8_476d_89be_11236d77404d_"></a>e six months ended June 30,
201<a name="EHWaa3652b8_87c4_415b_8c5a_0581d80fc7c8"></a><a name="EHW8d6c9680_446c_49da_a030_5dcbc31b7b13_"></a>4<a name="EHW111eabc4_6d07_4178_822d_eeeb8e0c6949"></a><a name="EHWaa3652b8_87c4_415b_8c5a_0581d80fc7c8_"></a> as compared to sales of <a name="EHW34064518_b482_4670_979d_f9915c95a637"></a><a name="EHW111eabc4_6d07_4178_822d_eeeb8e0c6949_"></a>$<a name="EHWa514528e_7457_49f4_ad9b_6fe9b3ca6303"></a><a name="EHW34064518_b482_4670_979d_f9915c95a637_"></a>39.9<a name="EHWa514528e_7457_49f4_ad9b_6fe9b3ca6303_"></a> <a name="EHWe4931160_fe3e_4e53_8d42_75c07c25f1a6"></a>billion, steel shipments of <a name="EHW6868473b_c8c4_496b_aa7a_6630289cbb7a"></a><a name="EHWe4931160_fe3e_4e53_8d42_75c07c25f1a6_"></a>41.4 million tonnes, crude
steel production of <a name="EHW112be2c9_a877_43bf_95f5_e1dfc4d1167f"></a><a name="EHW6868473b_c8c4_496b_aa7a_6630289cbb7a_"></a>44.9<a name="EHW112be2c9_a877_43bf_95f5_e1dfc4d1167f_"></a> <a name="EHW0e97f8c5_a429_458b_94bc_2abda14d52a1"></a>million tonnes, <a name="EHW70425a26_27b4_406b_be9e_b8a6d864a77f"></a><a name="EHW0e97f8c5_a429_458b_94bc_2abda14d52a1_"></a>iron ore production<a name="EHWd23a630a_a329_48b9_adf5_b2a68533020d"></a><a name="EHW70425a26_27b4_406b_be9e_b8a6d864a77f_"></a> from own mines <a name="EHWd63b2f64_493a_4a21_9533_1eb8baa5222b"></a><a name="EHWd23a630a_a329_48b9_adf5_b2a68533020d_"></a>of <a name="EHWd63b2f64_493a_4a21_9533_1eb8baa5222b_"></a>28.1 <a name="EHW472eb6eb_ed3c_4e22_b621_580806cb0cd7"></a>million tonnes and <a name="EHWcaee1b9f_c174_44f8_b835_0f96c4401c28"></a><a name="EHW472eb6eb_ed3c_4e22_b621_580806cb0cd7_"></a>coal production <a name="EHW1b00a684_8ef0_482c_be44_9edeb455ffed"></a><a name="EHWcaee1b9f_c174_44f8_b835_0f96c4401c28_"></a>from own mines <a name="EHW045bead8_5ec8_43fe_a2e1_8c2ee6782012"></a><a name="EHW1b00a684_8ef0_482c_be44_9edeb455ffed_"></a>of <a name="EHW0f648811_8341_47b1_8446_e9a4f8184696"></a><a name="EHW045bead8_5ec8_43fe_a2e1_8c2ee6782012_"></a>4.0 million<a name="EHW0f648811_8341_47b1_8446_e9a4f8184696_"></a> <a name="EHW66b8907a_2aa7_47ff_a58c_81cdf268bc4b"></a>tonnes in the six months ended
June 30, 201<a name="EHW81ef12aa_f8d1_4737_8b40_e92c116d96e1"></a><a name="EHW66b8907a_2aa7_47ff_a58c_81cdf268bc4b_"></a>3<a name="EHW9ec6cee4_194e_4e53_9b18_c6710257cb77"></a><a name="EHW81ef12aa_f8d1_4737_8b40_e92c116d96e1_"></a>. The Company had sales of
$<a name="EHWacdc675c_6b3b_47c2_a876_892a4dc29272"></a><a name="EHW9ec6cee4_194e_4e53_9b18_c6710257cb77_"></a>79.4<a name="EHW24c790bb_1a49_4aa8_9bc1_7be6453faf6e"></a><a name="EHWacdc675c_6b3b_47c2_a876_892a4dc29272_"></a> bil<a name="EHWd7b56584_6f08_4209_a92d_c957273c2c9b"></a><a name="EHW24c790bb_1a49_4aa8_9bc1_7be6453faf6e_"></a>lion, steel shipments of <a name="EHW852c4a59_4781_43be_8334_ae2c76559460"></a><a name="EHWd7b56584_6f08_4209_a92d_c957273c2c9b_"></a>82.6<a name="EHW852c4a59_4781_43be_8334_ae2c76559460_"></a> <a name="EHWef8682a7_64ba_44f8_af8b_f28968615773"></a>million tonn<a name="EHWead045ee_bcdb_4895_a67b_7a572ddfe183"></a><a name="EHWef8682a7_64ba_44f8_af8b_f28968615773_"></a>es, crude steel production
of <a name="EHW93d3cc5a_b7e6_4a17_a231_765764bcbc0b"></a><a name="EHWead045ee_bcdb_4895_a67b_7a572ddfe183_"></a>91.2<a name="EHWb112716a_5f37_4277_a91d_414d206662c2"></a><a name="EHW93d3cc5a_b7e6_4a17_a231_765764bcbc0b_"></a> million t<a name="EHW34e4eb6d_90c7_4240_b473_208bbfb824de"></a><a name="EHWb112716a_5f37_4277_a91d_414d206662c2_"></a>onnes, <a name="EHW2b90b914_b1ad_42c7_8cbd_251a14db7be6"></a><a name="EHW34e4eb6d_90c7_4240_b473_208bbfb824de_"></a>iron ore production<a name="EHW9889f9f7_15fd_4e4d_a6dc_789e5b16128c"></a><a name="EHW2b90b914_b1ad_42c7_8cbd_251a14db7be6_"></a> from own mines <a name="EHWf73554f3_19fb_4660_9c32_347f72730b27"></a><a name="EHW9889f9f7_15fd_4e4d_a6dc_789e5b16128c_"></a>of <a name="EHWe930b5d7_93b3_45b2_8938_cb307a45bbc5"></a><a name="EHWf73554f3_19fb_4660_9c32_347f72730b27_"></a>58.4 million<a name="EHW4c57a99e_e749_452d_9771_52f70bba0b8f"></a><a name="EHWe930b5d7_93b3_45b2_8938_cb307a45bbc5_"></a> tonnes and coal production
<a name="EHW345dcf99_21f0_4d28_8782_5c42858b1cc5"></a><a name="EHW4c57a99e_e749_452d_9771_52f70bba0b8f_"></a>from own mines <a name="EHW661f3888_84e1_472b_aa3c_1d233f38df23"></a><a name="EHW345dcf99_21f0_4d28_8782_5c42858b1cc5_"></a>of<a name="EHW661f3888_84e1_472b_aa3c_1d233f38df23_"></a> <a name="EHWb0b4df81_ad3d_44d9_afd3_31c08b1e66d3"></a>8.0 million tonnes for <a name="EHW3e69c2f9_d56b_421b_b0c8_2e174c006d2b"></a><a name="EHWb0b4df81_ad3d_44d9_afd3_31c08b1e66d3_"></a>the year ended December 31,
201<a name="EHW5490eb7e_f503_4737_9495_6ac809355b18"></a><a name="EHW3e69c2f9_d56b_421b_b0c8_2e174c006d2b_"></a>3<a name="EHWd79651c9_60c0_4f23_a415_0cef64622b2c"></a><a name="EHW5490eb7e_f503_4737_9495_6ac809355b18_"></a>.<a name="EHWd79651c9_60c0_4f23_a415_0cef64622b2c_"></a> </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">As of June 30, 2014, ArcelorMittal had approximately 230,000
employees.</font></p>

<p style="margin-left:0cm;margin-right:0cm;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">ArcelorMittal has steel-making operations in
20 countries on four continents, including 57 integrated, mini-mill and
integrated mini-mill steel-making facilities. ArcelorMittal is the largest
steel producer in North and South America, Europe and Africa, a significant
steel producer in the Commonwealth of Independent States (&#8220;CIS&#8221;) region and has
a growing presence in Asia, including investments in China and India. ArcelorMittal
produces a broad range of high-quality steel finished and semi-finished
products. Specifically, ArcelorMittal produces flat steel products, including
sheet and plate, long steel products, including bars, rods and structural
shapes. ArcelorMittal also produces pipes and tubes for various applications.
ArcelorMittal sells its steel products primarily in local markets and through
its centralized marketing organization to a diverse range of customers in over
170 countries including the automotive, appliance, engineering, construction
and machinery industries.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:0cm;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">ArcelorMittal has a global
portfolio of 16 operating units with mines in operation and development and is
among the largest iron ore producers in the world. The Company currently has
iron ore mining activities in Algeria, Brazil, Bosnia, Canada, Kazakhstan,
Liberia, Mexico, Ukraine and the United States and has projects under
development or prospective development in Canada and India. The Company
currently has coal mining activities in Kazakhstan, Russia and the United
States. The Company also produces various types of mining products including
iron ore lump, fines, concentrate and sinter feed, as well as coking coal,
Pulverized Coal Injection (&#8220;PCI&#8221;) and thermal coal.</font></p>








<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Key factors affecting
results of operations</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">The steel industry, and the
iron ore and coal mining industries, which provide its principal raw materials,
have historically been highly cyclical. They are significantly affected by
general economic conditions, as well as worldwide production capacity and
fluctuations in international steel trade and tariffs. In particular, this is
due to the cyclical nature of the automotive, construction, machinery and
equipment and transportation industries that are the principal customers of
steel.&#160; After a period of continuous growth between 2004 and 2008, the sharp
fall in demand resulting from the global economic crisis demonstrated the steel
market&#8217;s vulnerability to volatility and sharp corrections. The last quarter of
2008 and the first half of 2009 were characterized by a deep slump in demand,
as consumers used up existing inventories rather than buying new stock. The
iron ore and steel market began a gradual recovery in the second half of 2009
that continued in most countries through 2010 and in the first three quarters
of 2011, in line with global economic activity. The subsequent onset of the
Eurozone crisis and significant destocking caused demand to weaken during the
fourth quarter of 2011. </font><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">Similarly,
2012 was again characterized by early optimism and restocking but contraction
in Europe and a slowdown in China caused iron ore prices to fall as did then
both steel prices and margins.&nbsp; G</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">lobal
demand excluding China (ex-China)</font><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;"> was subsequently impacted by more destocking, and, for the first
time since 2009, global ex-China steel demand experienced a decline
year-on-year during the fourth quarter of 2012.&nbsp; In Europe, after a
significant decline in steel demand during 2012, there was continued weakness
in demand, particularly in the first half of 2013, which led to a further,
albeit mild, decrease in demand in 2013 to levels more than 30% below the 2007
peak.&nbsp; Steel demand in North America also declined slightly in 2013,
compared to the robust level of demand experienced during 2012, reflecting a
weaker first half of the year and a strong second half due to stronger underlying
demand and a turning of the inventory cycle.&nbsp; In comparison, demand in
China has experienced different dynamics, with a slowdown in demand taking
place in the first half of 2012 in response to policy tightening directed
principally toward the real estate market. This was followed by a significant
increase in demand beginning in the fourth quarter of 2012 that continued
through 2013 as a result of an acceleration in infrastructure approvals and an
increase in newly started construction.&nbsp; Despite some renewed weakness in
demand during the fourth quarter of 2013, China experienced a 6.9% increase in
steel demand in 2013 and was largely responsible for the overall 3.7% increase
in global steel demand in 2013.&nbsp;</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">
During the first half of 2014, Chinese steel demand growth slowed to only 2.6%
year-on-year, impacted by renewed weakness in the real estate market. In
contrast, steel demand in the developed markets of North America and Europe,
which account for a majority of ArcelorMittal deliveries, rebounded during the
first half of 2014. Overall global demand ex-China is estimated to have grown
over 3% year-on-year through the first half of 2014, while it was up only 1.1%
year-on-year in 2013.</font></p>


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<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">ArcelorMittal&#8217;s
sales are predominantly derived from the sale of flat steel products, long
steel products, and tubular products as well as of iron ore and coal. Prices of
steel products, iron ore and coal, in general, are sensitive to changes in
worldwide and regional demand, which, in turn, are affected by worldwide and
country-specific economic conditions and available production capacity. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">Unlike many commodities, steel
is not completely fungible due to wide differences in shape, chemical
composition, quality, specifications and application, all of which affect sales
prices. Accordingly, there is still limited exchange trading of steel or
uniform pricing, whereas there is increasing trading of steel raw materials,
particularly iron ore. Commodity spot prices may vary, and therefore sales
prices from exports fluctuate as a function of the worldwide balance of supply
and demand at the time sales are made. ArcelorMittal&#8217;s sales are made on the
basis of shorter-term purchase orders as well as some longer-term contracts to
some industrial customers, particularly in the automotive industry. Sales of
iron ore to external parties continued to increase in 2013, rising to 11.6
million tonnes for the year. Sales of iron ore to external parties amounted to
6.7 million tonnes in the first half of 2014. Steel price surcharges are often
implemented on steel sold pursuant to long-term contracts in order to recover
increases in input costs. However, spot market steel, iron ore and coal prices
and short-term contracts are more driven by market conditions.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">One of the principal factors
affecting the Company&#8217;s operating profitability is the relationship between raw
material prices and steel selling prices. Profitability depends in part on the
extent to which steel selling prices exceed raw material prices, and, in
particular, the extent to which changes in raw material prices are passed
through to steel selling prices. Complicating factors include the extent of the
time lag between (a) the raw material price change and the steel selling price
change and (b) the date of the raw material purchase and the actual sale of the
steel product in which the raw material was used (average cost basis). In
recent periods, steel selling prices have tended to react quickly to changes in
raw material prices, due in part to the tendency of distributors to increase
purchases of steel products early in a rising cycle of raw material prices and
to hold back from purchasing as raw material prices decline. With respect to
(b), as average cost basis is used to determine the cost of the raw materials
incorporated, inventories must first be worked through before a decrease in raw
material prices translates into decreased operating costs.&#160; In some of
ArcelorMittal&#8217;s segments, in particular Europe and NAFTA, there are several
months between raw material purchases and sales of steel products incorporating
those materials.&#160; Although this lag has been reduced recently by changes to the
timing of pricing adjustments in iron ore contracts, it cannot be eliminated
and exposes these segments&#8217; margins to changes in steel selling prices in the interim
(known as a &#8220;price-cost squeeze&#8221;). In addition, decreases in steel prices may
outstrip decreases in raw material costs in absolute terms, as occurred for
example in the fourth quarter of 2008, the first half of 2009, the third
quarter of 2012 and the second quarter of 2013.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">Given this overall dynamic, the
Company&#8217;s operating profitability has been particularly sensitive to
fluctuations in raw material prices, which have become more volatile since the
iron ore industry moved away from annual benchmark pricing to quarterly pricing
in 2010. In the second half of 2009 and the first half of 2010, steel selling
prices followed raw material prices higher, resulting in higher operating
income as the Company benefitted from higher prices while still working through
relatively lower-cost raw materials inventories acquired in 2009. This was
followed by a price-cost squeeze in the second half of 2010, as steel prices
retreated but the Company continued to work through higher-priced raw material
stocks acquired during the first half of the year. Iron ore prices have
experienced significant volatility over the past few years, for example falling
over 30% in October 2011 and similarly, after averaging over $140 per tonne
(/t) cost inclusive of freight (CFR) China during the first half of 2012,
prices then fell below $90/t by early September 2012.&#160; Iron ore prices were
relatively stable in 2013, averaging $135/t but have since fallen back to lows
of $90-95/t in June 2014, averaging $120/t and $103/t during the first and second
quarters of 2014, respectively. If iron ore and metallurgical coal markets
continue to be volatile with steel prices following suit, overhangs of
previously-acquired raw material inventories will continue to produce more
volatile margins and operating results quarter-to-quarter. With respect to iron
ore and coal supply, ArcelorMittal&#8217;s growth strategy in the mining business is
an important natural hedge against raw material price volatility. Volatility on
steel margins aside, the results of the Company&#8217;s mining segment are also
directly impacted by iron ore prices, which were weaker in the first half of
2014, averaging $111/t. As the mining segment&#8217;s production and external sales
grow, the Company&#8217;s exposure to the impact of iron ore price fluctuations also
increases. This means, among other things, that any significant slowdown of
Chinese steel production could have a significant negative impact on iron ore
selling prices over the next few years.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Economic
environment</font></b><sup><a href="#_ftn1" name="_ftnref1"><sup><sup><b><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">[1]</font></b></sup></sup></a></sup></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Global GDP growth picked up to 3.0% year-on-year in
the final quarter of 2013 and has remained around that pace over in the first
half of 2014, driven by advanced economies, despite some setbacks and relative
weakness in many emerging markets. Global GDP growth had eased slightly to 2.5%
in 2013, from 2.6% in 2012 and 3.1% in 2011. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">GDP growth in the United States was 1.9% in 2013 and
2.8% in 2012, but bad weather, an inventory correction, and a widening of the
trade deficit, contributed to a contraction in real GDP of 2.9% (annual rate) in
the first quarter of 2014. Nonetheless, </font><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">sector-specific fundamentals remain sound </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">and most indicators suggest that economic activity has
bounced back strongly in the second quarter, with estimates suggesting growth
of 3.5 to 4% (annual rate). The clearest indication of the underlying strength
of the economy is that </font><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">during
the first half of 2014 an average over 230,000 net new jobs were created per
month. In the five months to May, </font><!-- Do not modify beyond this point! !--><a name=bcl_connect_next></a></p>
<hr align=left size=1 width="33%">
<div id=ftn1><font lang=EN-US>

</font><p style="margin:0cm;margin-bottom:.0001pt;"><a href="#_ftnref1" name="_ftn1"><font style="vertical-align:super;"><font style="vertical-align:none;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">[1]</font></font></font></a><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">
GDP and industrial production data and estimates sourced from IHS Global
Insight July 15, 2014</font></p><font lang=EN-US>

</font></div>
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</DIV>
<p style="margin:0cm;margin-bottom:10.0pt;"><a name=bcl_connect_prev></a><!-- Do not modify before this point! !--><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">construction spending
increased by 8.1% </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">year-on-year </font><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">as underlying demand, rising incomes,
improving confidence supported residential construction in particular. Having
deleveraged significantly households have seen good access to credit, which has
supported light vehicle sales averaging over 16 million units (annual rate) in
the first half of 2014, the strongest for seven years even after the weak start
to the year. US manufacturing output finally regained its pre-crisis level,
increasing by 3% </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">year-on-year </font><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">in the first half of 2014. With the rebound
in GDP growth and particularly the strengthening in the job market, t</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">he Federal Reserve has continued to taper its monthly
asset purchases (part of its quantitative easing program), reducing </font><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">its monthly asset purchases by a further
$10 billion to $35 billion per month, down from $85 billion at the end of 2013.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Driven by a strong recovery in the UK, European Union
(EU) GDP has picked up over the first half of 2014, growing by around 1.4%
year-on-year, after stagnating in 2013 (+0.2%) and falling by 0.3% in 2012. EU
Passenger car registrations increased to an average of 12.4 million units
(annual rate) in the first half of 2014, up from 11.9 million in 2013. The
Eurozone economy is gradually recovering from recession as the acute risk of a
crisis has eased; indicated by vulnerable countries&#8217; bond yields reaching
record lows. GDP growth in the second quarter is likely to have edged up, to
around 0.3% quarter-on-quarter, from the 0.2% expansion achieved in the first
quarter. Remaining above 50 the manufacturing Purchasing Managers&#8217; Index (PMI)
still indicates expansion, but eased to an average of 52.4 in the second
quarter, down from the first-quarter average of 53.4. Germany and Spain built
some positive momentum in the second quarter, whereas the pace of improvement
ebbed slightly in France and Italy where less has been done to improve
competitiveness. Relatively healthy consumer confidence (still at its second
highest level since October 2007 in June) and very low consumer price inflation
will underpin consumer spending. Nevertheless, credit conditions are still
tight, unemployment remains elevated but is falling gradually, and private and
public debt levels are still high. At the Eurozone level fiscal tightening
amounted to 1.3% of GDP in 2013, and though the pace of consolidation is easing,
several &#8220;core&#8221; countries (Belgium, France and Netherlands) now need to
implement more ambitious cuts to meet European Commission deficit targets. The
Eurozone faces the risk of deflation, with CPI inflation falling to 0.5%
year-on-year in June. To address this risk, the European Central Bank (ECB)
announced a series of measures in June, cutting interest rates, boosting
liquidity and encouraging bank lending, but banks may hesitate to expand their
lending to the private sector until the ECB's bank stress tests are completed
later this year. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Much like 2013, GDP growth at the beginning of this
year has been weak in emerging markets. First-quarter GDP growth in China came
in at 7.4% year-on-year, a six-quarter low, but GDP growth has since picked up
to 7.5% in the second quarter. The construction sector in China weakened in the
first half of 2014, with residential construction starts falling by almost 20%
year-on-year in the first half of the year, while property sales declined by
7.5% year-on-year in the second quarter. In response, some local governments
have begun to relax restrictions on housing purchases and the central
government has introduced stimulus measures, including faster deployment of
public infrastructure projects and increased public housing construction. The
central bank also lowered bank reserve requirements. Recent data show
relatively steady growth rates for industrial production and fixed investment,
while retail sales and export growth have picked up, suggesting that Chinese
GDP growth stabilized in the second quarter. The Russian economy was looking
weak, even before the invasion of Crimea and the crisis in Ukraine, which led
to significant capital flight and has further discouraged investment. Several
factors have converged to make the beginning of 2014 difficult for Brazilian
industry: interest rate hikes, the end of tax exemptions on purchases of
certain goods, and rising production costs. In contrast, economic prospects
have improved in India as the incoming government has won a parliamentary
majority in the lower house, which breaks the long run of coalition
governments, and is expected to allow for significant economic reforms. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">In line with economic growth, OECD
industrial production picked up during 2013 and has continued to grow in the
first half of 2014, increasing by an estimated 3.0% year-on-year. Growth
continued to shift away from emerging markets towards the developed world in
the first half of 2014.&#160; Industrial Production growth in non-OECD countries is
estimated at 4.0% year-on-year in the first half of 2014, having eased back
from 4.6% in the second half of 2013. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Despite weaker
growth in China and declining iron ore and coal prices during the first half of
2014 global ex-China apparent steel consumption (ASC) is estimated to have
grown by 3.2% over the same period in 2013. This is much stronger than the 1.1%
growth in demand in the world ex-China during 2013 as apparent steel
consumption is estimated to have grown by over 5% year-on-year in both Europe
and the United States. Chinese ASC has in comparison decelerated during the
first half of 2014 and is up only 2.4% year-on-year, following growth of almost
7% last year.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;page-break-after:avoid;text-indent:18.0pt;"><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">Steel
production</font></i></b><sup><a href="#_ftn2" name="_ftnref2"><sup><sup><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">[2]</font></b></sup></sup></a></sup></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">World crude steel production, which had bottomed in
2009 at 1.2 billion tonnes, recovered to just over 1.4 billion tonnes for the
year 2010 (+15.8% year-on-year ) and rose in excess of 1.5 billion tonnes in
2011 (+7.3% year-on-year). There was a further rise to 1.56 billion tonnes in
2012 and 1.61 billion tonnes in 2013, driven by Chinese growth.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><a name="EHW45b7c094_71c7_4fa2_801a_274f5824c475"></a><a name="EHW45b7c094_71c7_4fa2_801a_274f5824c475_"></a></p>
<hr align=left size=1 width="33%">
<div id=ftn2><font lang=EN-US>

</font><p style="margin:0cm;margin-bottom:.0001pt;"><a href="#_ftnref2" name="_ftn2"><font face="Times New Roman,serif" style="vertical-align:super;"><font face="Times New Roman,serif" style="vertical-align:none;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">[2]</font></font></font></a><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">Global production data is for all countries
for which production data is collected by the World steel. Except data for
2014, which only includes 66 countries for which monthly production data is
available, prior years include other countries for which only annual data is
collected.</font></p><font lang=EN-US>

</font></div>
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<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Steel output in China set another record in 2013,
reaching 784 million tonnes (+7.3% higher than 2012), although output was
slightly weaker during the second half of 2013 due to softening demand
conditions. In the first half of 2013, Chinese output growth was also supported
by the strength of the real estate and construction sectors and by rising steel
exports, up 10.2% year-on-year.&#160; Chinese output as a share of global production
rose to a record 49.4% in 2013, up from 47.1% in 2012.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Global production increased by 3.1% to 1.61 billion
tonnes during 2013 led by growth in Chinese production, as output ex-China
remained unchanged at 828 million tonnes, about 29 million tonnes below the
pre-crisis peak of 857 million tonnes recorded in 2007. Indeed the only regions
to have grown in comparison to 2007 are the Middle East (60.2%) and Asia
ex-China (12.8%), whereas output is down 10.2% in NAFTA, 21.1% in EU27, 4.6% in
South America, 12.3% in CIS and 14.1% in Africa.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><a name="EHW7dbf185b_b3cb_4c81_afe6_d4b861782c3f"></a><a name="EHW7dbf185b_b3cb_4c81_afe6_d4b861782c3f_"></a><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">During the first half 2014, annualized global steel production
increased by 2.5% to 1.65 billion tonnes mainly driven by Chinese production,
which increased by 2.9% year-on-year. Global production outside of China has
also improved during the first half of 2014 mainly due to a rebound in Europe
and NAFTA. EU annualized output rose by 3.7% to 176 million tonnes reflecting
strengthening industrial activity. In NAFTA, output increased by 1.7% during
the first half of 2014 to an annualized rate of 119 million tonnes despite
reduced utilization in the USA at the start of the year due to severe weather
conditions. Production in Asia ex-China has also remained strong, particularly
in South Korea, where annualized output increased by 9.1% year-on-year to 73
million tonnes in the first half of 2014. Over the same period, India recorded
a 1.3% increase in crude steel production to 83 million tones annualized,
whereas output in Japan also increased by 0.9% to 111 million tonnes
annualized. Production faltered in South America, falling by 2.6% year-on-year
to annualized output of 45 million tonnes; and in CIS, where annualized output
decreased by 1.0% year-on-year 109 million tonnes.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><a name="EHWe9efc0e5_d881_49b7_bc87_0b8cc9cd01c1"></a><b><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Steel prices<a name="EHWe9efc0e5_d881_49b7_bc87_0b8cc9cd01c1_"></a><sup><a href="#_ftn3" name="_ftnref3"><sup><sup>[3]</sup></sup></a></sup></font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><a name="EHW18facc3a_01a9_42f1_98f6_e363b185a0fb"></a><a name="EHW18facc3a_01a9_42f1_98f6_e363b185a0fb_"></a><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Steel prices in Northern Europe remained steady during the
first quarter of 2014, relative to the fourth quarter of 2013, with spot hot
rolled coil (&#8220;HRC&#8221;) prices around &#8364;445-455 ($610-620) /t.&#160; In Southern Europe,
prices were also stable quarter on quarter with spot HRC prices around &#8364;425-440
($585-610) /t.&#160; Expectations were for prices to increase during the quarter and
some deals at &#8364;460 ($625) in Northern Europe were achieved in late February and
early March 2014, but the price trend reversed by the end of the first quarter
as lower raw material costs were incorporated into prices by foreign and
domestic competitors. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Economic activity continued to recover in
Europe during the second quarter of 2014 and overall steel demand saw a slight
increase, but did not result in price increases. Spot HRC prices stabilized at
&#8364;420-430 ($575-595)/t in Northern Europe and &#8364;410-420 ($565-575)/t in Southern
Europe, despite falling raw material costs as import prices remained relatively
unattractive.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In the United States, steel prices during
the first quarter of 2014 showed a decreasing trend from $740-760 per tonne in
January to $700/t in March following the significant downward correction in
Scrap #1 Busheling from $440 per gross tonne(/GT) in January to $388/GT in
March and despite steady level of demand.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Price increases announced by domestic
producers in the United States at beginning of April were achieved, supported
by steady demand, increases in scrap cost and some supply disruptions. HRC spot
prices increased by $40 in April relative to March, to $730-750/t and reached a
high of $770/t in May.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Expectations for better seasonal demand in
China failed to materialize during the first half of 2014 and prices remained
under heavy downward pressure due to tight credit and falling raw material
costs. Spot HRC prices averaged $479/t during the first quarter and dropped to
$463/t in the second quarter.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Long products demand for construction in
Europe was better in the first half of 2014, than same period last year, but
downward pressure on pricing has continued due to falling scrap prices.
Overall, rebar and medium section prices have declined since the beginning of
2014. From a peak of &#8364;480-500 ($660-680)/t in January, rebar prices fell to
&#8364;450-470 ($625-645)/t by the end of the first quarter and &#8364;440-460 ($600-620)/t
by the end of the second quarter. Similarly, prices of medium section peaked in
January 2014 at &#8364;550-570 ($755-775)/t, dropped to &#8364;515-535 ($720-740)/t by end
of first quarter and &#8364;505-525 ($690-710) /t by the end of the second quarter. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Prices of scrap imported into Turkey,
dropped substantially during the first months of 2014, from $400/t CFR in
January to $350/t CFR by end of February, and then stabilized at around
$370-380/t throughout the second quarter. Export prices for Turkish rebar
followed the trend in scrap prices: after ending 2013 at $580-590/t&#160; rebar
prices decreased during the first quarter to $560-570, before remaining stable
during the second quarter.</font></p>


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</font><p style="margin:0cm;margin-bottom:.0001pt;"><a href="#_ftnref3" name="_ftn3"><font face="Times New Roman,serif" style="vertical-align:super;"><font face="Times New Roman,serif" style="vertical-align:none;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">[3]</font></font></font></a><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"> Source: Steel Business Briefing (SBB)</font></p><font lang=EN-US>

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<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Industrial long
product prices remained stable throughout the first half of 2014, around the
same level as during the fourth quarter of 2013. However, without robust demand
and given abundant supply, prices came under renewed pressure by end of the
second quarter of 2014.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Current
and anticipated trends in steel production and prices</font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Global steel production grew year-on-year during the
first half of 2014, driven by growth in ArcelorMittal&#8217;s major markets of EU28
and NAFTA as the economic recovery persisted and also in comparison to the
year-on-year declines during the first half of 2013. In Europe, with the
gradual recovery in the steel consuming sectors expected to continue, steel
production is likely to show year-on-year growth during the second half of
2014. ArcelorMittal forecasts steel demand growth to be between 3 and 4% in
2014, helped by the strength of deliveries in the first half, whereas the rate
of production growth is expected to slow in the second half, as the impetus
from restocking wanes. In 2013, United States steel production declined for the
first time since 2009 as demand declined, amplified by destocking. Demand has
since rebounded strongly during the first half of 2014 as stockists began to
re-stock from low inventory levels at the end of 2013. However, crude steel
production in the first half of 2014 was up only around 1% year-on- year as
finished imports and production rolled from semi finished imports, rose more
strongly. Robust economic growth is expected to support continued strong growth
in steel demand during the second half of 2014, which in turn is likely to lead
to further growth in steel production as import growth slows.&#160; Despite the
weakness seen in many emerging markets, especially in CIS and South America,
World ex-China steel production increased, supported by Europe, NAFTA and
Developed Asia. Steel production is expected to continue growing in the second
half of 2014 due to a gradual improvement in the output in developing markets,
whereas growth in developed regions is expected to slow. In China, steel
production has already slowed from the strong growth observed during 2013, as
domestic demand growth has weakened, but supported by the strength of steel
exports. The combination of continued property market weakness, and increasing
trade protection slowing export growth, is likely to keep steel production
growth muted in the second half of 2014. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&#160;Despite the weakness of steel prices, the gradual
pick-up in world ex-China steel demand growth during the first half of 2014 has
led to a mild increase in steel margins as steel prices have not declined as
much as raw material prices. Ultimately steel prices will depend on the
strength of underlying raw material prices, which are a function of both the
demand and supply of each commodity. Any significant slowdown in steel demand
due to deterioration in the debt sustainability of Eurozone nations, a
realization of the many geo-political risks or a hard landing in China would
dampen raw material prices, eventually impacting steel prices globally.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Raw
materials</font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><a name="EHWa628854d_3863_4fc0_a6ab_b7c09c5746e5"></a><a name="EHW633c9a82_12a1_4bfc_a9e0_a7a9589f2fab"></a><a name="EHW633c9a82_12a1_4bfc_a9e0_a7a9589f2fab_"></a><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">The primary inputs for a steelmaker are iron ore, solid
fuels, metallics (e.g., scrap), alloys, electricity, natural gas and base
metals. ArcelorMittal is exposed to price volatility in each of these raw
materials with respect to its purchases in the spot market and under its
long-term supply contracts. In the longer term, demand for raw materials is
expected to continue to correlate closely with the steel market, with prices
fluctuating according to supply and demand dynamics. Since most of the minerals
used in the steel-making process are finite resources, they may also rise in
response to any perceived scarcity of remaining accessible supplies, combined
with the evolution of the pipeline of new exploration projects to replace
depleted resources.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><a name="EHWe9299305_e6b6_4941_848f_56f1c8919500"></a><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">As with other commodities, the spot market
prices for most raw materials used in the production of steel saw their recent
lows during the global financial crisis of 2008/2009, but have since recovered
with a greater degree of volatility. The main driver for the rise in input
prices has been robust demand from <a name="EHW7d341616_a933_4f27_91ad_0ecada59c4cd"></a><a name="EHW7d341616_a933_4f27_91ad_0ecada59c4cd_"></a><a name="EHWe9299305_e6b6_4941_848f_56f1c8919500_"></a>China<a name="EHW7f8d2003_cec6_4c85_bc50_2c9f2eb603a3"></a><a name="EHW7f8d2003_cec6_4c85_bc50_2c9f2eb603a3_"></a>, the world&#8217;s largest steel
producing country. For example, in each of years between 2011 and 2014, iron
ore reached high levels well above $100 per tonne (e.g. $193 on February 2011,
$140 in December 2012, $160 in February 2013 and $135 in January 2014).</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><a name="EHW1f430675_6058_4664_92ea_2f770cb81746"></a><a name="EHW1f430675_6058_4664_92ea_2f770cb81746_"></a><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">Until the 2008-2009 market downturn, ArcelorMittal had
largely been able to reflect raw material price increases in its steel selling
prices. However, from 2009 onwards, ArcelorMittal has not been able to fully
pass raw materials cost increases onto customers as its steel markets are
structurally oversupplied and fragmented. This has resulted in a partial
decoupling of raw material costs (mainly driven by Asian market demand) from
steel selling prices achieved in the European market, and consequently
increased risk of margin squeeze.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><a name="EHW4b76ea7d_3a3e_4076_a342_df9a186277e5"></a><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">Until the 2010 changes in raw materials
pricing systems described below under &#8220;&#8212;Iron Ore&#8221;, benchmark prices for iron
ore and coal in long-term supply contracts were set annually, and some of these
contracts contained volume commitments. In the first half of 2010, the
traditional annual benchmark pricing mechanism was abandoned, with the big
three iron ore suppliers (Vale, Rio Tinto and BHP Billiton) adopting a
quarterly index-based pricing model. The new model operates on the basis of the
average spot price for iron ore supplied to <a name="EHW06df82fd_4ed7_4907_9852_923ee0b82811"></a><a name="EHW06df82fd_4ed7_4907_9852_923ee0b82811_"></a><a name="EHW4b76ea7d_3a3e_4076_a342_df9a186277e5_"></a>China<a name="EHWfc5c762c_8a4c_4977_92fd_d19182b68c08"></a>,
quoted in a regularly published iron ore index. The new system has since
generally been adopted by other suppliers although some iron ore suppliers
continue to offer an annual prices for their long-term contracts. The price
trend as well as pricing mechanism for coking coal has followed a similar
trend, with the annual benchmark pricing system being replaced by a quarterly
pricing system as from the second quarter of 2010 and with a monthly pricing
system introduced by BHP Billiton for coal from <a name="EHWd857f8dd_832b_4e75_b803_e6849f1ef3d4"></a><a name="EHWd857f8dd_832b_4e75_b803_e6849f1ef3d4_"></a><a name="EHWfc5c762c_8a4c_4977_92fd_d19182b68c08_"></a>Australia<a name="EHW8a627ac7_8d88_4ee6_92b9_e9d732036800"></a> in 2011. Following this
transition to shorter-term pricing mechanisms that are either based on or
influenced by spot </font><!-- Do not modify beyond this point! !--><a name=bcl_connect_next></a></p>
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<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"></font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">5</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"></font></p>



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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0cm;margin-bottom:10.0pt;"><a name=bcl_connect_prev></a><!-- Do not modify before this point! !--><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">prices for iron ore and coking
coal imports to <a name="EHWa720beb5_a9ab_4a28_a2c7_fd3209bfdb70"></a><a name="EHW8a627ac7_8d88_4ee6_92b9_e9d732036800_"></a><a name="EHWa720beb5_a9ab_4a28_a2c7_fd3209bfdb70_"></a>China<a name="EHW81fc4acd_20a8_4423_9ef1_49fd9e046222"></a><a name="EHW81fc4acd_20a8_4423_9ef1_49fd9e046222_"></a>, price dynamics generally
have experienced shorter cycles and greater volatility. Pricing cycles were
further shortened in 2012 and 2013 as high volatility of prices continued.
Since 2012, quarterly and monthly pricing systems have been the main type of
contract pricing mechanism, but spot purchases also appear to have gained a
greater share of pricing mechanisms as steelmakers have developed strategies to
benefit from increasing spot market liquidity and volatility. </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">In 2013 and the first half of 2014, the trend toward
shorter-term pricing cycles continued, with spot purchases further increasing
their share of pricing mechanisms.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Iron <a name="EHW79a7cff2_9a18_4d35_b693_32464327c3e7"></a><a name="EHW79a7cff2_9a18_4d35_b693_32464327c3e7_"></a><a name="EHWa628854d_3863_4fc0_a6ab_b7c09c5746e5_"></a>Ore
</font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><a name="EHW78a4263f_e947_4fb8_9897_a67e88af9d3b"></a><a name="EHW0299fa17_d083_4a09_8689_ab3cd315b0ba"></a><a name="EHW0299fa17_d083_4a09_8689_ab3cd315b0ba_"></a><a name="EHW78a4263f_e947_4fb8_9897_a67e88af9d3b_"></a><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">In the first quarter of 2013, iron ore prices increased dramatically as
a result of restocking in China before the New Year holiday and a seasonally
weaker supply due to weather-related disruptions in production in Brazil and
Australia.&#160;&#160; In the second quarter of 2013, iron ore prices declined
significantly as a result of stock cuts stemming from uncertainties about the
Chinese market outlook, reaching a low of $110 per tonne in May and averaging
$126 per tonne for the quarter.&#160; In the third quarter of 2013, iron ore spot
prices recovered, averaging $132 per tonne for the quarter, as a result of
strong crude steel production rates in China and significant restocking at
Chinese steel mills through the end of August. Despite a strong seaborne supply
coming on-stream from the third quarter of 2013 onwards, the spot price
remained above $130 per tonne. In the fourth quarter of 2013, the iron ore
market stabilized within a consolidated range of $130 to $140 per tonne with no
clear price direction as the increasing supply availability was matched with a
higher demand on the winter season restock.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">Short term rallies in the
seaborne market are mainly driven by Chinese mills&#8217; stocking and destocking
activities which are due to a high uncertainty on the Chinese steel market
outlook.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In the first half of 2014 iron ore spot
prices declined by 31% from $134.5 per tonne on January 1, 2014 to $93.25 per
tonne on June 30, 2014. This downward price trend was due to increasing supply
pressures in the seaborne market and financial weakness in the Chinese steel
sector. Credit market tightness combined with stretched cash flow at Chinese
mills resulted in a strong destocking trend at Chinese mills from the beginning
of the year through the end of the second quarter. Rising iron ore import
inventory at Chinese ports was reflective of stronger seaborne supply while
real iron ore demand in the Chinese off-shore market remained relatively
stable. As a result of significant variations of iron ore inventory at Chinese
mills the iron ore spot price volatility remained very significant.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Coking
coal and coke</font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><a name="EHW4a2b50c4_0327_4f58_b3f6_95f8bce967b0"></a><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Pricing for coking coal has been affected by changes to the seaborne
pricing system, with the annual benchmark pricing system being replaced by a
quarterly pricing system as from the second quarter of 2010 and with a monthly
pricing system introduced by BHP Billiton for coal from Australia in 2011.
Pricing cycles have further shortened from 2012 and beyond, as the spot market
has developed rapidly.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">&#160;Due to a continued strong
supply and weak demand outlook, the spot coking coal market remained weak in
2013.&#160; Better-than-average supply conditions during the Australian wet season
in early 2013 contributed to a decrease in hard
coking coal prices in the first half of
2013, with premium coking coal prices reaching a low of $130 per tonne (FOB Australia) by the end of the second quarter.&#160; Spurred by Chinese
demand, hard coking coal prices began to increase at the beginning of the
third quarter of 2013, peaking at $152 per tonne in mid-September.&#160; However,
despite high imports of coking coal to China, the seaborne coking coal market
remained weak until the end of 2013, largely as a result of relatively weak
ex-China seaborne demand, an improved supply base from Australia and strong domestic
production in China. The premium coking coal spot price was $131 per tonne on
December 31, 2013.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">In 2013, the quarterly contract
price for hard coking coal progressed from $165 per tonne in the first quarter
to $172 per tonne in the second quarter, $145 per tonne in the third quarter,
and $152 per tonne in the fourth quarter.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Due to the combined effects of strong
Australian coking coal production performance and weaker seaborne demand in key
importing regions, the coking coal spot market has been on a downward trend
since the beginning of 2014. The spot price of a premium hard coking coal from
Australia declined from $132-133 per tonne FOB Australia at the beginning of
January 2014 to $110-111 per tonne by the end of June 2014. The quarterly
benchmark contract settlement price followed this downtrend and settled at $120
per tonne for the second quarter, down $23 per tonne from the first quarter
settlement price of $143 per tonne FOB Australia. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Low seaborne prices in 2013 and the first
half of 2014 put pressure on the profits of seaborne suppliers and affected the
cash flows of big miners, resulting in the closure of certain high-cost mines
in Australia and the United States. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">ArcelorMittal continues to leverage its
extensive supply chain, diversified supply portfolio and contracts flexibility
to capture a maximum value from the market price volatility and rapidly
changing pricing environment. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Scrap<a name="EHW4a2b50c4_0327_4f58_b3f6_95f8bce967b0_"></a>
</font></i></p>

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<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">As in 2013, scrap prices increased by &#8364;4 per tonne in
January (&#8364;285 per tonne for demolition scrap) and then came down by &#8364;16 per
tonne in February 2014. Another price decline occurred in March 2014 (down &#8364;15
per tonne), which was partially recovered in April 2013 (up &#8364;12 per tonne).&#160;
The market then remained stable in May (price roll-over at &#8364;266 per tonne) and
in June (real Eurofer Index at &#8364;265 per tonne). Prices have therefore stayed
relatively stable since the beginning of the second quarter of 2014.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The Eurofer Index for demolition scrap was
at an average of &#8364;267 in the first half of 2014 (i.e., down &#8364;12 as compared to
full year 2013). In NAFTA, prices followed a different trend and, unlike in
2013, have been quite variable and higher than those in Europe. The average
price for HMS 1&amp;2 CFR Turkey was $373 per tonne for the first half of 2014,
down $7 per tonne compared to the full year 2013. In NAFTA, the decrease
between the peak price in January to the lowest price in June was $56 per
tonne, while in Europe the gap between the peak price in January and the lowest
price in March was &#8364;31 per tonne.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Turkey is still the number one importer of scrap with
19.7 million tonnes of scrap imported in 2013, even though this represented a
12% decrease from values in 2012. Imports represented 65% of total demand in
Turkey in the first five months of 2014 (i.e., 7% higher than in the same
period&#160; in 2013): 7.9 million tonnes&#160; in&#160; the period from January 2014 to May
2014, compared to 7.4 million tonnes during January 2013 to May 2013.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">China is the number one scrap consumer in
the world but ranks only 7<sup>th</sup> or 8<sup>th</sup> with respect to
imports of scraps, with 4.5 million tonnes imported in 2013.&#160; In 2014, imports
into China have continued to decline, which has been the trend since 2011, as
the market adapts to the price gap between scrap and&#160; iron ore, with imports
amounting to 1.0 million tonnes&#160; in the period from January to May 2014
(representing a decrease of 46% compared to the same period in 2013).</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><a name="EHW77df92af_eb4a_42d3_bfa4_95aa0c1a6466_"></a><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Alloys<a name="EHW0e6d7fe9_12da_46ce_a765_00fee13ebf4b"></a><a name="EHW0e6d7fe9_12da_46ce_a765_00fee13ebf4b_"></a> (manganese) and base metals
<a name="EHWb8c6890c_d9a0_440b_8f52_8b7c63cae677"></a><a name="EHWb8c6890c_d9a0_440b_8f52_8b7c63cae677_"></a></font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">The underlying price driver for
manganese alloys is the price of manganese ore, which decreased by 17.1% from
the level of $5.25 per dry metric tonne unit (&#8220;dmtu&#8221;) (for 44% lump ore) on
Cost, Insurance and Freight (&#8220;CIF&#8221;) China in January 2014 to $4.35 per dmtu in
June 2014, due to oversupply from South Africa coupled with depreciation of the
local currency against US dollar. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">During the first half of 2014,
prices for manganese alloys did not follow the trend of manganese ore due to
disruption in supply. Prices of high carbon ferro manganese increased by 1.57%
(from $1,027 to $1,043 per ton), and prices of silicon manganese also increased
by 3.53% (from $1,181 to $1,223 per tonne). Prices for medium carbon ferro
manganese increased by 5.98% (from $1,571 to $1,665 per tonne).</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">Base metals used by
ArcelorMittal are zinc and tin for coating, and aluminum for deoxidization of
liquid steel. ArcelorMittal partially hedges its exposure to its base metal
inputs in accordance with its risk management policies.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">The average price of zinc in
the first half of 2014 was $2,051 per tonne, representing an increase of 7.4%
as compared to the average price for full year 2013 ($1,909 per tonne). The
January average price was $2,038 per tonne while the June average price was
$2,127 per tonne, with a first half low at $1,942 per tonne on March 24, 2014.
&nbsp;Stocks registered at the London Metal Exchange (&#8220;LME&#8221;) warehouses stood
at 668,475 tonnes as of June 30, 2014, representing a decrease of 265,000
(28.4%) tonnes compared to December 31, 2013 (when stocks registered stood at
933,475 tonnes) </font><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;text-autospace:ideograph-other;">due to a
change in LME warehousing rules in response to a surfeit in stocks in 2012</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;"> and&#160; increased demand of zinc.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Energy</font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Electricity</font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">In most of the countries where
ArcelorMittal operates, electricity prices have moved in line with other
commodities. In North America, prices in 2014 were impacted by historically
cold winter conditions in the first quarter (see &#8220;--Natural Gas&#8221; below) and
Clean Air Act potential extension to CO2 ignited a strong debate on the future
of coal power plants. In Europe, the market continues to be affected by poor
demand and highly erratic renewable production, which resulted in keeping spot
prices below &#8364;40 per MWh.&#160; The need for investment in replacement and
additional power generating capacity by providers and in improved electricity
grid stability due to volatility from renewable suppliers remains clear and
continues to fuel &#8220;capacity market&#8221; debates, but is still not apparent in light
of current economic conditions.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Natural
gas</font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">Natural gas is priced
regionally. European prices were historically linked with petroleum prices but
continuous spot market development is now prevailing in almost all countries
except in poorly integrated markets (e.g., Spain, Portugal) or not yet fully
open markets (e.g., Poland ). North American natural gas prices trade
independently of oil prices and are set by spot and future contracts, traded on
the NYMEX exchange or over-the-counter. Elsewhere, prices are set on an oil
derivative or bilateral basis, depending on </font><!-- Do not modify beyond this point! !--><a name=bcl_connect_next></a></p>
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<p style="margin:0cm;margin-bottom:10.0pt;"><a name=bcl_connect_prev></a><!-- Do not modify before this point! !--><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">local
market conditions. International oil prices are dominated by global supply and
demand conditions and are also influenced by geopolitical factors, which are
currently focused on the Middle East, in particular Bassorah (Iraq).</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">So far, in 2014, the Liquefied
Natural Gas (&#8220;LNG&#8221;) market has continued to grow in Asia, although at a slower
pace than in 2013. The market remains depressed in Europe, and after having
reached record levels for LNG reloading to Asia, the arbitrage window remained
opened most of the first half of 2014.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">New LNG production facilities
have started in the Pacific basin during the first half of 2014, which helps to
rebalance the market, pressuring spot LNG prices down to the $12-13 per MMBtu
level in early July. New major start-ups are scheduled for the end of 2014 or
early 2015 (gas already committed), which, together with potential nuclear
power plant restarts, should help keeping prices reasonable.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">In the United States, despite
the coldest winter in decades, unconventional gas production proved more than
robust, and storage level deficit end of October should be limited to 400 bcf
(billion standard cubic feet). Therefore, steam coal continues to be challenged
as a fuel to produce power, and projects to build liquefaction facilities for
export to Asia continue to be developed, with production expected to start in
early 2016. In this context, natural gas prices in North American markets have
continued to increase from 2012 lows, averaging in 2014 at $4.3 per MMBtu and
up from $3.7 per MMBtu in 2013.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">In Europe, gas demand remains
depressed and the gap between long-term oil-indexed contracts and spot gas
prices increased in the second quarter of 2014 despite continuing contract
renegotiation, as spot prices strongly decreased down to $8.5 per MMBtu in the
first half of 2014, and have continued to decrease.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;page-break-after:avoid;text-indent:18.0pt;"><b><i><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;text-autospace:ideograph-other;">Ocean freight</font></i></b><sup><a href="#_ftn4" name="_ftnref4"><sup><sup><b><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;text-autospace:ideograph-other;">[4]</font></b></sup></sup></a></sup></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">Ocean freight market rates
increased in the first half of 2014 compared to the first half of 2013. Total
iron ore imports by China increased 19% compared to the first half of 2014.
Both Australian and Brazilian iron ore exports were up compared to the prior
year.&#160; However, coal and other sectors such as grain did not experience as much
growth and combined with easing of congestion, the result was an improved
vessel turnaround and increase in efficiency in ports. Therefore, freight rates
were at lower levels than were expected at the beginning of the year because of
increased demand from trade growth and a slower delivery of new ships. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">The Baltic Dry Index (&#8220;BDI&#8221;)
averaged 1,179 points in the first half of 2014, representing a 40% increase
compared to the first half of 2013, driven most notably by the Capesize sector
which averaged at $14,135/day in the first half of 2014 (compared to $6,136/day
in the first half of 2013). The smaller vessels saw a less significant increase
as a result of the Indonesian ban on bauxite and nickel ore exports, delayed
South American grain exports and a weaker coal trade. Panamax rates averaged at
$8,399/day in the first half of 2014 (compared to$7,415/day for the first half
of 2013). </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Impact of
exchange rate movements </font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The first half of 2014 delivered a very favorable mix of improving
developed world growth, ample central bank liquidity and evidence of adjustment
in some large emerging markets. In this context of low volatility, the &#8364;/$
exchange rate has remained in the range of 1.35-1.40 since the beginning of the
year. Regarding the emerging market economies, the first half of the year has
been mixed. The first quarter saw an emerging markets currencies crisis with
the South African rand reaching a 5-year low (local strike and negative growth
outlook), the Kazak tenge (i.e., the National Bank 19% devaluation of the tenge
), Argentinean peso (20% devaluation) and Turkish Lira reaching historical
lows. In addition, geopolitical tensions weighed heavily on the Ukraine and
Russia, generating significant downside risks to both the Russian and Ukrainian
economy with their currencies depreciating against the U.S dollar as a result.
However, a slight recovery has been seen in the second quarter as emerging
markets currencies have enjoyed a robust rally, gaining 3.2% on average against
the U.S dollar. In central Europe, the U.S dollar was relatively steady against
both the Polish zloty and the Czech koruna.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Because a substantial portion of
ArcelorMittal&#8217;s assets, liabilities, sales and earnings are denominated in
currencies other than the U.S. dollar (its reporting currency), ArcelorMittal
has exposure to fluctuations in the values of these currencies relative to the
U.S. dollar. These currency fluctuations, especially the fluctuations of the
U.S. dollar relative to the euro, as well as fluctuations in the </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">currencies of the other countries in which
ArcelorMittal has significant operations and sales, can have a material impact
on its results of operations. In order to minimize its currency exposure,
ArcelorMittal enters into hedging transactions to lock-in a set exchange rate,
as per its risk management policies.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In June 2008, ArcelorMittal entered into a transaction
in order to hedge U.S. dollar-denominated raw material purchases until 2012.
The hedge involved a combination of forward contracts and options that
initially covered between 60% and &#160;75% of the U.S. </font><!-- Do not modify beyond this point! !--><a name=bcl_connect_next></a></p>
<hr align=left size=1 width="33%">
<div id=ftn4><font lang=EN-US>

</font><p style="margin:0cm;margin-bottom:.0001pt;"><a href="#_ftnref4" name="_ftn4"><font style="vertical-align:super;"><font style="vertical-align:none;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;text-autospace:ideograph-other;">[4]</font></font></font></a><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;text-autospace:ideograph-other;">Sources: Baltic Daily Index, Clarksons Shipping Intelligence Network,
RS Platou. ACM</font></p><font lang=EN-US>

</font></div>
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<p style="margin:0cm;margin-bottom:10.0pt;"><a name=bcl_connect_prev></a><!-- Do not modify before this point! !--><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">dollar
outflow from the Company&#8217;s European subsidiaries based on then-current raw
materials prices, amounting to approximately $20 billion. The transaction was
unwound during the fourth quarter of 2008, resulting in a deferred gain of
approximately $2.6 billion recorded in shareholders&#8217; equity and of $349 million
recorded in operating income. The gain recorded in equity along with the
recording of hedged expenses was recycled in the consolidated statements of
operations during the period from 2009
through the first quarter of 2013; of
this amount, the last installment of $92 million was recorded as income within
cost of sales during the six months ended June 30, 2013.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Trade
and import competition</font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;page-break-after:avoid;text-indent:18.0pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">Europe</font></i><sup><a href="#_ftn5" name="_ftnref5"><sup><sup><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">[5]</font></b></sup></sup></a></sup></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Import competition
in the EU28 steel market reached a high of 38.0 million tonnes of finished
goods during 2007, equal to 18.6% of steel demand. As demand decreased, imports
also declined, reaching a low of 15.3 million tonnes in 2009, equal to an
import penetration ratio (ratio of imports to market supply) of 13.3%. Since
2009, import ratios have fluctuated.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In 2010, imports recovered to 18.6 million tonnes, but
an increase in domestic deliveries resulted in an import penetration ratio of
12.6%. In 2011, finished steel imports rose strongly to 23.3 million tonnes, as
a result of which the import penetration ratio increased to 14.8%. In 2012,
steel demand in Europe declined, but imports fell more sharply to 16.6 million
tonnes, down 28.7% year-on-year, resulting in a penetration ratio of only 12.0%
for 2012. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In 2013, despite a slight decline in steel demand,
imports rose, particularly from China, Russia and Turkey, to total approximately
18.4 million tonnes in 2013, or 10.5% higher than in 2012. As a result, the
penetration ratio increased to 13.1% for the year.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">During the first half of 2014, finished steel imports
are estimated to have increased by 10.3% year-on-year, around 21.9 million
tonnes annualized, with shipments originating mainly from Commonwealth of
Independent States (CIS) and China. The penetration rate for the first half of
2014 is estimated at approximately 14.4%. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;page-break-after:avoid;text-indent:18.0pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">United
States</font></i><sup><a href="#_ftn6" name="_ftnref6"><sup><sup><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">[6]</font></b></sup></sup></a></sup></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">After reaching a record level of 32.6 million tonnes
in 2006, or an import penetration ratio of 26.9%, total finished imports
bottomed at 12.9 million tonnes in 2009, representing an import penetration
ratio of 21.8%. Over the next two years, imports rose to 19.8 million tonnes in
2011 but import penetration remained relatively stable at 21.8%, due to
stronger finished steel consumption.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Steel demand rose strongly in 2012 as did
steel imports, rising to an import
penetration of 23.2%. As demand weakened during 2013, finished steel imports
and in particular pipe and
tube, fell 3.9% year-on-year to an import penetration of 23.2%.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">During the first half of 2014, finished
steel imports were up 26.8% year-on-year, compared to a 9.1% year-on-year
decline over the same period last year. Penetration increased to 27.4%, the
highest level over the same period since 2006, compared to an 8.1% year-on-year
increase in apparent steel demand during the first half of 2014. Overall steel
imports were up 34.8% during the first half of 2014, as imports of semis
increased by over 64% year-on-year.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;page-break-after:avoid;text-indent:0cm;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;font-style:normal;text-autospace:ideograph-other;">Consolidation in the steel and mining industries</font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">The global steel and mining
industries have experienced a consolidation trend over the past ten years.
After pausing during the credit crisis and global economic downturn of
2008-2009, merger and acquisition activity of various steel and mining players,
including Chinese and Indian companies, has increased at a rapid pace. However,
given the current economic uncertainties in the developed economies, combined
with a slowdown in emerging regions such as China and India, consolidation
transactions decreased significantly in terms of number and value in the past
two years and this trend is expected to continue in 2014, unless and until
prices stabilize and supply and demand balance out in the context of worldwide
structural overcapacity.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">Apart from Mittal Steel&#8217;s
acquisition of Arcelor in 2006 and their merger in 2007, notable mergers and
acquisitions in the steel business in recent years include the merger of Tata
Steel and Corus (itself the result of a merger between British Steel and
Hoogovens); U.S. Steel&#8217;s acquisitions in Slovakia and Serbia; Evraz and
Severstal&#8217;s acquisitions in North America, Europe and South America; and
expansion in North and South America by Brazilian steel company Gerdau. Most
recently, on October 1, 2012, Japanese steelmakers Nippon Steel Corp. and
Sumitomo Metals Industries Ltd. completed their merger and created the world&#8217;s
second-largest steel company. On December 28, 2012, Outokumpu&#160; and Inoxum, ThyssenKrupp&#8217;s
stainless steel division, completed their merger in order to create the
worldwide leader in stainless steel. </font></p>


<hr align=left size=1 width="33%">
<div id=ftn5><font lang=EN-US>

</font><p style="margin:0cm;margin-bottom:.0001pt;"><a href="#_ftnref5" name="_ftn5"><font face="Times New Roman,serif" style="vertical-align:super;"><font face="Times New Roman,serif" style="vertical-align:none;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">[5]</font></font></font></a><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">Source: Eurostat trade data to April 2014,
estimates for May and June 2014.</font></p><font lang=EN-US>

</font></div>
<div id=ftn6><font lang=EN-US>

</font><p style="margin:0cm;margin-bottom:.0001pt;"><a href="#_ftnref6" name="_ftn6"><font face="Times New Roman,serif" style="vertical-align:super;"><font face="Times New Roman,serif" style="vertical-align:none;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">[6]</font></font></font></a><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Source: U.S. Department of Commerce,
customs census data up to May 2014 and license data for June 2014. </font></p><font lang=EN-US>

</font></div>
</hr>

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<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"></font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">9</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"></font></p>



<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">As
developed markets continued to present fewer opportunities for consolidation,
steel industry consolidation also began to slow down substantially in China in
2012. Despite being a key initiative of the five-year plan issued in March
2011, the concentration process of the steel industry that is expected to
reduce overcapacity, rationalize steel production based on obsolete technology,
improve energy efficiency, achieve environmental targets and strengthen the
bargaining position of Chinese steel companies in price negotiations for iron
ore declined as a result of the slowing economy. This situation could affect
the Chinese government&#8217;s objective for the top ten Chinese steel producers to
account for 60% of national production by 2015 and for at least two producers
to reach 100&nbsp;million ton capacity in the next few years. However, the
Chinese government is considering scrapping a ban on overseas control which was
imposed in 2005, enabling non-Chinese companies to make acquisitions in China,
which could drive merger and acquisition activity if implemented.&#160; </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">Merger and acquisition activity
is expected to remain active in the Indian steel and mining industry though at
a lower pace considering the current economic slowdown. The country has become
the world&#8217;s third largest steel consumer after China and the United States and
is expected to become soon the world&#8217;s second largest steel producer worldwide.
The integration of Ispat Industries into JSW Steel was a major consolidation
step in 2010.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">Recent and expected future industry consolidation
should foster the ability of the steel industry to maintain more consistent
performance through industry cycles by achieving greater efficiencies and
economies of scale, and should lead to improved bargaining power relative to
customers and, crucially, suppliers, which tend to have a higher level of
consolidation. The wave of steel industry consolidation in the previous years
has followed the lead of raw materials suppliers, which occurred in an
environment of rising prices for iron ore and most other minerals used in the
steel-making process. The merger of Cliffs Natural Resources and Consolidated
Thompson in 2011 was a significant consolidation move in North America which,
at the same time, strengthened vertical relationships into the Chinese steel
market. In the context of volatile prices and an overall decline since 2011,
which is expected to continue in 2014 given the large additional supply
expected to come on line, iron ore producers continue to seek consolidation
that would strengthen their options whatever the direction of future price
trends. There are still only four primary iron ore suppliers in the world
market. Consolidation among other mining companies has continued, as evidenced
by the completion of the merger between Xstrata and Glencore on May 2, 2013.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">A. Operating results
</font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">ArcelorMittal reports its operations in five
segments: NAFTA, Brazil, Europe, ACIS and Mining. On January 1, 2014,
ArcelorMittal implemented changes to its organizational structure which provide
a greater geographical focus. The principal benefits of the changes are to
reduce organizational complexity and layers; simplification of processes;
regional synergies and taking advantage of the scale effect within the regions.
</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">As a result of the
organizational changes, ArcelorMittal&#8217;s reportable segments changed to NAFTA,
Brazil, Europe, ACIS and Mining. NAFTA includes the Flat, Long and Tubular
operations of the United States, Canada and Mexico. Brazil includes the Flat
operations of Brazil, and the Long and Tubular operations of Brazil and its
neighboring countries including Argentina, Costa Rica, Trinidad and Tobago and
Venezuela. Europe comprises the Flat, Long and Tubular operations of the
European business, as well as Distribution Solutions (AMDS). The ACIS segment
is largely unchanged except the addition of some Tubular operations. The Mining
segment remains unchanged. Prior period information has been recast to reflect
this new segmentation. The reportable segments have been revised to reflect
ArcelorMittal&#8217;s change in organizational structure and managing its business
and retrospectively adjusted in conformity with IFRS.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The following discussion and analysis
should be read in conjunction with ArcelorMittal&#8217;s Annual Report on Form 20-F
for the year ended December 31, 2013, including the consolidated financial
statements appearing therein, and the condensed consolidated financial
statements for the six months ended June 2014 included in the Company&#8217;s filing
on Form 6-K dated as of August 4, 2014.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Key indicators</font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The key performance indicators that ArcelorMittal&#8217;s
management uses to analyze operations are sales, average steel selling prices,
steel shipments, iron ore and coal production and operating income.
Management&#8217;s analysis of liquidity and capital resources is driven by operating
cash flows.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Six
months ended June 30, 2014 as compared to six months ended June 30, 2013</font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Sales,
steel shipments and average steel selling prices and mining production</font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">ArcelorMittal&#8217;s sales were higher at $40.5 billion for
the six months ended June 30, 2014, up from $39.9 billion for the six months
ended June 30, 2013, primarily due to an increase in steel shipments offset by
a decrease in average steel selling prices. </font></p>


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</DIV>
<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">ArcelorMittal&#8217;s steel shipments
increased by 2.5% to 42.4 million tonnes for the six months ended June 30, 2014,
from 41.4 million tonnes for the six months ended June 30, 2013. Average steel
selling prices decreased by 2% for the six months ended June 30, 2014 as
compared to the six months ended June 30, 2013. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">ArcelorMittal had iron ore and coal
production (own production of iron ore and coal, excluding supplies sourced
under strategic contracts) of 31.4 million tonnes and 3.6 million tonnes,
respectively, for the six months ended June 30, 2014, an increase of 11.7% and decrease
of 10%, as compared to 28.1 million tonnes and 4.0 million tonnes,
respectively, for the six months ended June 30, 2013. The increase in iron ore
production resulted primarily from expanded operations in Canada while the
decrease in coal production was mainly related to very difficult geological
conditions that limited underground extraction in the Company&#8217;s Russian coal
operations and lower production at the Company&#8217;s USA coal operations
(Princeton).</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The following tables provide a summary of sales at
ArcelorMittal by reportable segment and mining production for the six months
ended June 30, 2014 as compared to the six months ended June 30, 2013.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:22.5pt;">
  <td valign=bottom width=5% style="background:white;height:22.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="background:white;height:22.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:22.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:22.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=22% style="background:white;border-bottom:solid black 1.5pt;height:22.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Sales for the six months ended&nbsp;June
  30,<sup>*</sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:22.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=40% style="background:white;border-bottom:solid black 1.5pt;height:22.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Changes in</font></b></p>
  </td>
 </tr>
<tr style="height:24.75pt;">
  <td valign=bottom width=5% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="background:white;border-bottom:solid black 1.5pt;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Segment</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2013 (in&nbsp;$&nbsp;millions)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-top:solid black 1.5pt;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2014 (in&nbsp;$&nbsp;millions)<sup> &nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Sales</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">(%)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-top:solid black 1.5pt;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Steel Shipments (%)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-top:solid black 1.5pt;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Average Steel Selling Price (%)</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">NAFTA</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">9,681</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">10,351<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">7</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">4</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Brazil</font></p>
  </td>
 <td valign=top width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">5,080</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">4,787<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(6)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(5)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(3)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Europe</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">20,750</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">20,840<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">3</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(1)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">ACIS</font></p>
  </td>
 <td valign=top width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">4,303</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">4,307<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">5</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(7)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Mining </font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2,550</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2,639<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">3</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">-</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">39,949</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">40,492</font></b><sup><font color=black face="Times New Roman,serif" style="font-size:10.0pt;"> &nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(2)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">* </font></p>
  </td>
 <td colspan=8 valign=top width=66% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Amounts are
  prior to inter-company eliminations (except for total) and include non-steel
  sales</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:19.5pt;">
  <td valign=top width=6% style="background:white;height:19.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:white;height:19.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:19.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:19.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:19.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:19.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:19.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=27% style="background:white;border-bottom:solid black 1.5pt;height:19.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Six months ended&nbsp;June 30,</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:19.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=top width=6% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Mining
  shipments (million tonnes) <sup>1</sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-top:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;border-top:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:16.5pt;">
  <td valign=top width=6% style="background:white;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:#CCFFFF;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total iron ore
  shipments <sup>2</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">26.8</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">30.2</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=61% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Iron ore
  shipped externally and internally and reported at market price <sup>3</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">15.5</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">19.8</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Iron ore
  shipped externally <sup>&#160;&nbsp;</sup></font></i></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></i></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">4.3</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">6.7</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=61% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Iron ore
  shipped internally and reported at market price <sup>3</sup></font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">11.2</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">13.1</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Iron ore
  shipped internally and reported at cost-plus <sup>3</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">11.3</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">10.4</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:16.5pt;">
  <td valign=top width=6% style="background:white;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:#CCFFFF;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total coal
  shipments <sup>4</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">3.8</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">3.7</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=61% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Coal shipped
  externally and internally and reported at market price <sup>3</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2.4</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2.1</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Coal shipped
  externally <sup>&#160;&nbsp;</sup></font></i></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></i></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1.7</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1.0</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=5 valign=top width=61% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Coal shipped
  internally and reported at market price <sup>3</sup></font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">0.7</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1.1</font></i></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Coal shipped
  internally and reported at cost-plus <sup>3</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1.4</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1.6</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:66.0pt;">
  <td valign=top width=6% style="background:white;height:66.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(1) </font></p>
  </td>
 <td colspan=9 valign=top width=91% style="background:white;height:66.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">There are three
  categories of sales: (1) &#8220;External sales&#8221;: mined product sold to third
  parties at market price; (2) &#8220;Market-priced tonnes&#8221;: internal sales of mined
  product to ArcelorMittal facilities reported at prevailing market prices; (3)
  &#8220;Cost-plus tonnes&#8221;:&#160; internal sales of mined product to ArcelorMittal
  facilities on a cost-plus basis. The determinant of whether internal sales
  are reported at market price or reported at cost-plus is whether or not the
  raw material could practically be sold to third parties (i.e., there is a
  potential market for the product and logistics exist to access that market). </font></p>
  </td>
 <td valign=top width=3% style="background:white;height:66.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:26.25pt;">
  <td valign=top width=6% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(2) </font></p>
  </td>
 <td colspan=9 valign=top width=91% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total of all
  finished products of fines, concentrate, pellets and lumps and includes
  tonnes shipped externally and internally and reported at market price as well
  as tonnes shipped internally on a cost-plus basis.</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:53.25pt;">
  <td valign=top width=6% style="background:white;height:53.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(3) </font></p>
  </td>
 <td colspan=9 valign=top width=91% style="background:white;height:53.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Market-priced
  tonnes represent amounts of iron ore and coal from ArcelorMittal mines that
  could practically be sold to third parties.&#160; Market-priced tonnes that are
  transferred from the Mining segment to the Company&#8217;s steel producing segments
  are reported at the prevailing market price.&#160; Shipments of raw materials that
  do not constitute market-priced tonnes are transferred internally on a
  cost-plus basis.</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:53.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:26.25pt;">
  <td valign=top width=6% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(4) </font></p>
  </td>
 <td colspan=9 valign=top width=91% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total of all
  finished products of coal and includes tonnes shipped externally and
  internally and reported at market price as well as tonnes shipped internally
  on a cost-plus basis.</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:17.25pt;">
  <td valign=top width=6% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=27% style="background:white;border-bottom:solid black 1.5pt;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Six months ended&nbsp;June 30,</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=top width=6% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Iron ore
  production (million metric tonnes) <sup>1</sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Type</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Product<sup> &nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-top:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;border-top:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Own mines<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:38.25pt;">
  <td valign=top width=6% style="background:white;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:white;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">North America <sup>2</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:white;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Open pit</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Concentrate,
  lump, fines and pellets<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">15.1</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">17.7</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:25.5pt;">
  <td valign=top width=6% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">South America<sup>
  &nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Open pit</font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Lump and fines<sup>
  &nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1.9</font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2.2</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:25.5pt;">
  <td valign=top width=6% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Europe<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Open pit</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Concentrate and
  lump<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></i></p>
  </td>
 <td valign=top width=12% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1.0</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1.1</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:28.5pt;">
  <td valign=top width=6% style="background:white;height:28.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:#CCFFFF;height:28.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Africa<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:28.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;height:28.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Open pit /
  Underground</font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:28.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:28.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Fines<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:28.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:28.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2.6</font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:28.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:28.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">3.0</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:28.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:38.25pt;">
  <td valign=top width=6% style="background:white;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:white;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Asia, CIS &amp;
  Other<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:white;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Open pit /
  Underground</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Concentrate,
  lump, fines and sinter feed<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;border-bottom:solid black 1.0pt;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">7.5</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;border-bottom:solid black 1.0pt;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">7.4</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:38.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=top width=6% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total own
  iron ore production </font></b><sup><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></sup></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">28.1</font></b></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">31.4</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Strategic
  long-term contracts - iron ore<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">North America <sup>3</sup></font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Open pit</font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Pellets<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">3.1</font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2.8</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:17.25pt;">
  <td valign=top width=6% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Africa <sup>4</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Open pit</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Lump and fines<sup>
  &nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;border-bottom:solid black 1.0pt;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2.4</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;border-bottom:solid black 1.0pt;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2.8</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total
  strategic long-term contracts - iron ore</font></b><sup><font color=black face="Times New Roman,serif" style="font-size:10.0pt;"> &nbsp;</font></sup></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">5.5</font></b></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">5.6</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=top width=6% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total</font></b><sup><font color=black face="Times New Roman,serif" style="font-size:10.0pt;"> &nbsp;</font></sup></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">33.6</font></b></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">37.0</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=top width=6% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b><sup><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></sup></p>
  </td>
 <td valign=top width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(1) </font></p>
  </td>
 <td colspan=9 valign=top width=91% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total of all
  finished production of fines, concentrate, pellets and lumps.</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(2) </font></p>
  </td>
 <td colspan=9 valign=top width=91% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Includes own
  mines and share of production from Hibbing (United States, 62.30%) and Pe&#241;a
  (Mexico, 50%).</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:29.25pt;">
  <td valign=top width=6% style="background:white;height:29.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(3) </font></p>
  </td>
 <td colspan=9 valign=top width=91% style="background:white;height:29.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Consists of a
  long-term supply contract with Cleveland Cliffs for purchases made at a
  previously set price, adjusted for changes in certain steel prices and
  inflation factors.</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:29.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:113.25pt;">
  <td valign=top width=6% style="background:white;height:113.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(4) </font></p>
  </td>
 <td colspan=9 valign=top width=91% style="background:white;height:113.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Includes
  purchases under a strategic agreement with Sishen/Thabazambi (South Africa).
  Prices for purchases under the July 2010 interim agreement with Kumba (as
  extended and amended several times) have been on a fixed-cost basis since
  March 1, 2010. On November 5, 2013, ArcelorMittal announced that its 51%
  subsidiary, ArcelorMittal South Africa, had reached an agreement with Sishen
  Iron Ore Company Ltd (SIOC), a subsidiary of Kumba, relating to the long-term
  supply of iron ore. The agreement, which became effective as of January 1,
  2014, allows ArcelorMittal South Africa to purchase up to 6.25 million tonnes
  per year of iron ore from SIOC, complying with agreed specifications and
  lump-fine ratios. This volume of 6.25 million tonnes per year of iron ore
  includes any volumes delivered by SIOC to ArcelorMittal from the Thabazimbi
  mine, the operational and financial risks of which will pass from
  ArcelorMittal to Kumba under the terms of this agreement. </font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:113.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:17.25pt;">
  <td valign=top width=6% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=27% style="background:white;border-bottom:solid black 1.5pt;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Six months ended&nbsp;June 30,</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:17.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=top width=6% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Coal
  production (million metric tonnes)<sup> &nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-top:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;border-top:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2014</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Own mines<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">North America<sup>
  &nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1.39</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1.03</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Asia, CIS &amp;
  Other<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2.63</font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2.53</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total own
  coal production <sup>&#160;&nbsp;</sup></font></b></p>
  </td>
 <td valign=top width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></i></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">4.02</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">3.56</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=top width=6% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">North America <sup>1</sup></font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">0.17</font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">0.18</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Africa <sup>2</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">0.17</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">0.20</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total
  strategic long-term contracts - coal</font></b><sup><font color=black face="Times New Roman,serif" style="font-size:10.0pt;"> &nbsp;</font></sup></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">0.34</font></b></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">0.38</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=32% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=top width=6% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total</font></b><sup><font color=black face="Times New Roman,serif" style="font-size:10.0pt;"> &nbsp;</font></sup></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">4.36</font></b></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">3.94</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=top width=6% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=32% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(1) </font></p>
  </td>
 <td colspan=9 valign=bottom width=91% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Includes
  strategic agreement - prices on a fixed price basis.</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=6% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(2)</font></p>
  </td>
 <td colspan=9 valign=bottom width=91% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Includes long
  term lease - prices on a cost-plus basis.</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
</table></div>


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<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"></font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">11</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"></font></p>



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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">NAFTA</font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Sales in the NAFTA segment increased 7% to $10.4
billion for the six months ended June 30, 2014, from $9.7 billion for the six
months ended June 30, 2013, mainly due to a 4% increase in steel shipments and
1% increase in average steel selling prices. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-align:justify;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Total steel
shipments in the NAFTA segment increased 4% to 11.4 million tonnes for the six
months ended June 30, 2014, from 11.0 million tonnes for the six months ended
June 30, 2013. Steel shipments for the six months ended June 30, 2014 were
impacted by severe weather conditions during the first half of 2014 in the
United States. Steel shipments for the six months ended June 30, 2013 was
negatively affected by labor issues at Burns Harbor and operational incidents
at Indiana Harbor East and West, for which reductions in inventory and supplies
from other NAFTA units partially mitigated the market impact. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Average steel selling price in the NAFTA segment increased
1% to $848 per tonne for the six months ended June 30, 2014 from $838 per tonne
for the six months ended June 30, 2013, which reflected increased demand.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Brazil</font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Sales in the Brazil segment were $4.8 billion for the
six months ended June 30, 2014 as compared to $5.1 billion for the six months
ended June 30, 2013, primarily due to lower volumes and average selling prices.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Total steel shipments in the Brazil segment were 4.6
million tonnes for the six months ended June 30, 2014 as compared to 4.9
million tonnes for the six months ended June 30, 2013. The decrease was
primarily due to operational issues in the hot strip mill in Tubar&#227;o and lower
exports from the Point Lisas operating facility in Trinidad.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Average steel selling price in the Brazil segment decreased
3% to $914 per tonne for the six months ended June 30, 2014 from $942 per tonne
for the six months ended June 30, 2013, primarily driven by currency
devaluation in Brazil, Argentina and Venezuela.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Europe</font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Sales in the Europe segment remained relatively flat
at $20.8 billion for the six months ended June 30, 2014 as compared to the six
months ended June 30, 2013, primarily due to a 3% increase in steel shipments offset
by a 1% decrease in average steel selling prices. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Total steel shipments in the Europe segment increased
3% to 20.2 million tonnes for the six months ended June 30, 2014, from 19.5
million tonnes for the six months ended June 30, 2013. The increase was
primarily driven by improved demand compared to the first half of 2013. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Average steel selling price in the Europe segment
decreased 1% to $804 per tonne for the six months ended June 30, 2014 from $813
per tonne for the six months ended June 30, 2013, which reflected strong
competition and decreasing trend in raw material prices.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">ACIS</font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Sales in the ACIS segment remained relatively flat at
$4.3 billion for the six months ended June 30, 2014 as compared to the six
months ended June 30, 2013, primarily due to a 5% increase in steel shipments offset
by a 7% decrease in average steel selling prices. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Total steel shipments in the ACIS segment increased 5%
to 6.5 million tonnes for the six months ended June 30, 2014, from 6.2 million
tonnes for the six months ended June 30, 2013. Steel shipments for the six
months ended June 30, 2014 were positively </font><!-- Do not modify beyond this point! !--><a name=bcl_connect_next></a></p>
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<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"></font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">12</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"></font></p>



<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0cm;margin-bottom:10.0pt;"><a name=bcl_connect_prev></a><!-- Do not modify before this point! !--><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">impacted by
improved shipments in Kazakhstan with stable operations. Steel shipments for
the six months ended June 30, 2013 were negatively affected by lower volumes in
South Africa, </font><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">caused by
fire disruption at the Vanderbijlpark site,</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"> and Kazakhstan. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Average steel selling price in the ACIS segment decreased
7% to $580 per tonne for the six months ended June 30, 2014 from $626 per tonne
for the six months ended June 30, 2013, primarily due to lower international
prices driven by lower raw material prices, and partially due to currency
devaluation.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Mining</font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Own iron ore production (not including
supplies under strategic long-term contracts) in the six months ended June 30,
2014 was 31.4 million metric tonnes, 11.7% higher than in the six months ended
June 30, 2013, primarily due to higher production at the Company&#8217;s Canadian
operations.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Own coal production (not
including supplies under strategic long-term contracts) in the six months ended
June 30, 2014 was 3.6 million metric tonnes, representing a decrease of 10%
compared to the six months ended June 30, 2013, due to very difficult
geological conditions that limited underground extraction in the Company&#8217;s
Russian coal operations and lower production at the Company&#8217;s USA coal
operations (Princeton).</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Sales in the Mining segment increased 3.5% to $2.64
billion for the six months ended June 30, 2014 from $2.55 billion for the six
months ended June 30, 2013. Sales of marketable iron ore and coal (internal market-priced
and sales to external customers) increased 10.5% to $2.1 billion for the six
months ended June 30, 2014 from $1.9 billion for the six months ended June 30,
2013. Sales to external customers were $0.71 billion for the six months ended
June 30, 2014 representing a 10.9% increase compared to $0.64 billion for the
six months ended June 30, 2013. The increase in sales to external customers was
primarily due to higher shipments from own mines for iron ore, partially offset
by&#160; lower average selling prices of iron ore and coal in line with decreases in
international reference prices and lower shipments from own mines for coal.
Higher shipments to external customers for iron ore accounted for approximately
$0.24 billion of the increase in sales partially offset by lower selling prices
for iron ore and coal of $0.09 billion and lower shipments from own mines for
coal of $0.09 billion. Iron ore shipments to external customers increased by
55.8% from 4.3 million tonnes for the six months ended June 30, 2013 to 6.7
million tonnes for the six months ended June 30, 2014. Sales of marketable iron
ore (internal market-priced and sales to external customers) increased by 28%
from 15.5 million tonnes for the six months ended June 30, 2013 to 19.8 million
tonnes for the six months ended June 30, 2014. The increase in external
shipments was due to additional quantity from our Canadian operations post
completion of the project to expand to annual production of 24 million tonnes.</font><b><i><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> </font></i></b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Coal shipments to external customers decreased 42.9%
from 1.75 million tonnes to 1.0 million tonnes. With respect to lower average
selling prices, for example, the average iron ore spot price of $111 per tonne
CFR China and the average spot price for hard coking coal FOB Australia at $117
per tonne were 19% and 24% lower for the six months ended June 30, 2014 than
for the six months ended June 30, 2013, respectively. It should be noted,
however, that there may be no direct correlation between benchmark prices and
actual selling prices in various regions at a given time.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Operating
income</font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">ArcelorMittal&#8217;s operating income for the six months
ended June 30, 2014 amounted to $1,506 million, compared to operating income of
$756 million for the six months ended June 30, 2013.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">During the six months ended June 30, 2014, ArcelorMittal&#8217;s
operating income was improved by higher steel shipments offset by lower average
steel selling prices. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Operating income for the six months ended June 30,
2014 was positively affected by a decrease in depreciation as a result of a change
in useful lives of plant and equipment. The Company performed a review of the
useful lives of its assets and determined its maintenance and operating
practices enabled a change in the useful lives of plant and equipment. As a
result, the useful lives of certain of the Company&#8217;s existing assets have been
and will be used longer than previously anticipated and therefore, the
estimated useful lives of certain plant and equipment have been lengthened
prospectively. In addition, there were no impairment charges or restructuring
charges for the six months ended June 30, 2014. Operating income for the six
months ended June 30, 2014 was negatively affected by a $90 million charge
following the settlement of antitrust litigation in the United States.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Operating income for the six months ended June 30,
2013 was negatively affected by impairment charges of $39 million primarily
relating to the closure of the organic coating and tin plate lines in Florange
(Europe segment) and restructuring charges of $173 million, primarily related
to $137 million of costs incurred for the long term idling of the Florange
liquid phase (including voluntary separation scheme costs, site
rehabilitation/safeguarding costs, and take or pay obligations) as well as by </font><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">a $67 million loss caused by fire
disruption at the Vanderbijlpark site in South Africa.</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"> &nbsp;</font></p>


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<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"></font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">13</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"></font></p>



<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Operating income for the
six months ended June 30, 2013 was positively affected by a $47 million fair
valuation gain relating to the acquisition of an additional ownership interest
in DJ Galvanizing in Canada in the NAFTA segment and $92 million related to the
Dynamic Delta Hedge income. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Cost of sales consists primarily of purchases of raw
materials necessary for steel-making (iron ore, coke and coking coal, scrap and
alloys) and electricity cost. Cost of sales for the six months ended June 30,
2014 was $37.5 billion, remaining relatively flat as compared to $37.7 billion
for the six months ended June 30, 2013, which was driven by a decline in raw
material prices, offset by higher production. Selling, general and
administrative expenses (&#8220;SG&amp;A&#8221;) for the six months ended June 30, 2014
were $1.5 billion remaining flat as compared to $1.5 billion for the six months
ended June 30, 2013. SG&amp;A represented 3.6% of sales for the six months ended
June 30, 2014, as compared to 3.7% for the six months ended June 30, 2013.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The following table summarizes by reportable segment
the operating income and operating margin of ArcelorMittal for the six months
ended June 30, 2014 as compared with the six months ended June 30, 2013:</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:22.5pt;">
  <td valign=bottom width=7% style="background:white;height:22.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=40% style="background:white;height:22.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:22.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=26% style="background:white;border-bottom:solid black 1.5pt;height:22.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">Operating Income for the six months
  ended&nbsp;June 30,</font></b><sup><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">1</font></b></sup></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:22.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td colspan=3 valign=bottom width=21% style="background:white;border-bottom:solid black 1.5pt;height:22.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Operating Margin</font></b></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td valign=bottom width=7% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=40% style="background:white;border-bottom:solid black 1.5pt;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Segment<sup>
  &nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2013</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">(in&nbsp;$&nbsp;millions)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-top:solid black 1.5pt;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.5pt;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2014</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">(in&nbsp;$&nbsp;millions)<sup> &nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2013</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">(%)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-top:solid black 1.5pt;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.5pt;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2014</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">(%)</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=40% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">NAFTA<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">193</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">77<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=40% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Brazil<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">542</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">592<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">11</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">12</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=40% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Europe<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(256)</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">414<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(1)</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=40% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">ACIS<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(140)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">5<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(3)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">-</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=40% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Mining <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">572</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">507<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">22</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">19</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=bottom width=7% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=40% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total
  adjustments to segment operating income and other <sup>2</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(155)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(89)<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=7% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=40% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total
  consolidated operating income<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">756</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,506<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=7% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=40% style="background:white;border-bottom:solid black 1.0pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(1)</font></p>
  </td>
 <td valign=top width=40% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Segment amounts
  are prior to inter-segment eliminations.<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:39.0pt;">
  <td valign=top width=7% style="background:white;height:39.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(2)</font></p>
  </td>
 <td colspan=9 valign=top width=93% style="background:white;height:39.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total
  adjustments to segment operating income and other reflects certain
  adjustments made to operating income of the segments to reflect corporate
  costs, income from non-steel operations (e.g. energy, logistics and shipping
  services) and the elimination of stock margins between the segments. See
  table below.</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=40% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=7% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=40% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=26% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Six months ended&nbsp;June 30,<sup> &nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:21.0pt;">
  <td valign=bottom width=7% style="background:white;height:21.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=40% style="background:white;height:21.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:21.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.5pt;height:21.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2013</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">(in&nbsp;$&nbsp;millions)</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-top:solid black 1.5pt;height:21.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;border-top:solid black 1.5pt;height:21.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2014</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">(in&nbsp;$&nbsp;millions)<sup> &nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:21.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:21.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:21.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:21.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=40% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Corporate and
  shared services <sup>1</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(62)</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(75)<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=40% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Real estate and
  financial activities</font><font color=black face="Times New Roman,serif" style="font-size:8.0pt;"> &nbsp;</font><sup><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(6)<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=40% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Shipping and
  logistics</font><font color=black face="Times New Roman,serif" style="font-size:8.0pt;"> &nbsp;</font><sup><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(23)</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(4)<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=40% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Intragroup
  stock margin eliminations<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(53)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">17<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=40% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Depreciation
  and impairment</font><font color=black face="Times New Roman,serif" style="font-size:8.0pt;"> &nbsp;</font><sup><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(19)</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(21)<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=7% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=40% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total
  adjustments to segment operating income and other <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(155)</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(89)<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=7% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=40% style="background:white;border-bottom:solid black 1.0pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(1)</font></p>
  </td>
 <td colspan=5 valign=top width=69% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Includes
  primarily staff and other holding costs and results from shared service
  activities.<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">NAFTA</font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Operating income for the NAFTA segment for the six
months ended June 30, 2014 was $77 million, as compared with operating income
of $193 million for the six months ended June 30, 2013.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Operating income for the six months ended June 30, 2014
was negatively affected by a $90 million charge following the settlement of
antitrust litigation in the United States and the severe weather conditions
during the first half of 2014. Operating income for the six months ended June
30, 2013 was positively affected by a $47 million fair valuation gain relating
to DJ Galvanizing in Canada, a joint operation in which the Company acquired
the remaining 50% interest held by the other joint operator. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Operating income for the six months ended June 30, 2014
was positively affected by higher volumes</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">and&nbsp;</font><font face=Arial,sans-serif lang=EN-US style="font-size:10.0pt;"> </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">higher </font><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">average selling prices </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">compared
to the six months ended June 30, 2013. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Brazil</font></i></p>


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<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Operating income for the Brazil
segment for the six months ended June 30, 2014 was $592 million, as compared with
operating income of $542 million for the six months ended June 30, 2013.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Operating income for the six months ended June 30,
2014 was negatively affected by lower shipments and lower average steel selling
prices. Operating income was positively impacted by a decrease in depreciation
which was $247 million and $358 million for the six months ended June 30, 2014
and June 30, 2013, respectively, mainly due to the change in asset lives of certain
plant and equipment. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Europe</font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Operating income for the Europe segment for the six
months ended June 30, 2014 was $414 million, as compared with operating loss of
$256 million for the six months ended June 30, 2013. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Operating income for the six months ended June 30,
2014 was positively impacted by improved market conditions and the realized
benefits of cost optimization efforts as well as increased shipments, offset
slightly by lower average steel selling prices. In addition, operating income
was positively impacted by a decrease in depreciation which was $810 million and
$978 million for the six months ended June 30, 2014 and June 30, 2013,
respectively, mainly due to the change in asset lives of certain plant and
equipment.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Operating loss for the six months ended June 30, 2013
included restructuring costs amounting to $164 million including $137 million
associated with the long term idling of the liquid phase at the Florange site
in France. The operating loss for the first half of 2013 also included a $92
million non-cash gain relating the unwinding of hedges on raw material
purchases.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&#160;</font><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">ACIS
&nbsp;</font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Operating income
for the ACIS segment for the six months ended June 30, 2014 was $5 million, as
compared with operating loss of $140 million for the six months ended June 30,
2013. Operating income for the six months ended June 30, 2014 reflected
improved performance in the CIS countries resulting in higher shipments, offset
by weaker South African profitability due to weak economic growth and
associated domestic challenges.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Operating loss for the six months
ended June 30, 2013 was negatively affected by a $67 million loss caused by
fire disruption at the Vanderbijlpark site in South Africa.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Mining </font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Operating
income attributable to the mining segment for the six months ended June 30, 2014
was $507 million, as compared with operating income of $572 million for the six
months ended June 30, 2013 primarily driven
by higher volumes offset by lower selling prices. In terms of selling prices,
as noted above, the market price of iron ore and coal decreased on average
year-on-year. Iron ore marketable volume for the six months ended June 30, 2014
was 19.8 million tonnes, compared to 15.5 million tonnes for the six months
ended June 30, 2013, representing an increase of 28%. Coal marketable volume
for the six months ended June 30, 2014 was 2.1 million tonnes, compared to 2.4
million tonnes for the six months ended June 30, 2013, representing a decrease of
13%. Cost of sales was stable at $2.0 billion for the six months ended June 30,
2014 and $1.9 billion for the six months ended June 30, 2013.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Investments
in associates, joint ventures and other investments</font></b></p>

<p align=left style="margin:0cm;margin-bottom:10.0pt;text-align:left;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Income
from investments in associates, joint ventures and other investments was $154
million for the six months ended June 30, 2014, compared to a loss of $42
million for the six months ended June 30, 2013. The income was primarily
related to the annual dividend received from Erdemir, improved performance of
Spanish entities and the share of profits of the Calvert operations. The loss
for the six months ended June 30, 2013 was primarily due to the payment of contingent
consideration of $56 million with respect to the Gonvarri Brasil acquisition made
in 2008 and weaker performance of European associates. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Financing
costs</font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Net financing costs include net interest expense,
revaluation of financial instruments, net foreign exchange income/expense (i.e.,
the net effects of transactions in a foreign currency other than the functional
currency of a subsidiary) and other financing costs. Net financing costs for the
six months ended June 30, 2014 were $1.5 billion as compared with $1.6 billion
recorded for the six months ended June 30, 2013. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Net interest expense (interest expense less interest
income) decreased to $809 million for the six months ended June 30, 2014 as
compared to $949 million for the six months ended June 30, 2013, primarily due
to savings incurred following the repayment of the EUR and USD convertible
bonds in April and May of 2014. </font></p>


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<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Foreign exchange and other
net financing costs (which includes foreign currency swaps, bank fees, interest
on pensions, impairments of financial instruments and revaluation of derivative
instruments, and other charges that cannot be directly linked to operating
results) for the six months ended June 30, 2014 amounted to $707 million, as
compared to costs of $685 million for the six months ended June 30, 2013. The
first half of 2014 amount includes a payment following the termination of the
Senegal greenfield project, non-cash charges for the premiums related to call
options on treasury shares expired following the maturity of EUR convertible
bonds and hedging instruments.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Foreign exchange and other net financing costs for the
six months ended June 30, 2013 was negatively affected by a 8% devaluation of the
Brazilian Real versus U.S. dollar, which impacted loans and payables
denominated in foreign currency. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Arial,sans-serif lang=EN-US style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Income
tax</font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">ArcelorMittal&#8217;s consolidated
income tax expense (benefit) is affected by the income tax laws and regulations
in effect in the various countries in which it operates and the pre-tax results
of its subsidiaries in each of these countries, which can vary from year to
year. ArcelorMittal operates in jurisdictions, mainly in Eastern Europe and Asia,
which have a structurally lower corporate income tax rate than the statutory
tax rate as in effect in Luxembourg (29.22%), as well as in jurisdictions,
mainly in Western Europe and the Americas which have a structurally higher
corporate income tax rate.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">ArcelorMittal recorded a consolidated
income tax expense of $217 million for the six months ended June 30, 2014, as
compared to a consolidated income tax expense of $196 million for the six
months ended June 30, 2013. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Non-controlling
interests</font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Net income attributable to non-controlling interests
for the six months ended June 30, 2014 was $80 million as compared with net income
attributable to non-controlling interests of $9 million for the six months
ended June 30, 2013. Net income attributable to non-controlling interests
primarily relate to the minority shareholders&#8217; share of net income recorded in
ArcelorMittal Mines Canada.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Net income
attributable to equity holders of the parent </font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">ArcelorMittal&#8217;s
net loss attributable to equity holders of the parent for the six months ended
June 30, 2014 was $153 million as compared to net loss attributable to equity
holders of the parent of $1.1 billion for the six months ended June 30, 2013,
for the reasons discussed above.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">B. Liquidity and
capital resources </font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">ArcelorMittal&#8217;s principal sources of liquidity
are cash generated from its operations and its credit facilities at the
corporate level.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">Because ArcelorMittal is a holding company, it is
dependent upon the earnings and cash flows of, and dividends and distributions
from, its operating subsidiaries to pay expenses and meet its debt service
obligations. Significant cash or cash equivalent balances may be held from time
to time at the Company&#8217;s international operating subsidiaries, including in
particular those in France, where the Company maintains a cash management
system under which most of its cash and cash equivalents are centralized, and
in Argentina, Brazil, China, Kazakhstan, Morocco, South Africa, Ukraine and
Venezuela. Some of these operating subsidiaries have debt outstanding or are
subject to acquisition agreements that impose restrictions on such operating
subsidiaries&#8217; ability to pay dividends, but such restrictions are not
significant in the context of ArcelorMittal&#8217;s overall liquidity. Repatriation
of funds from operating subsidiaries may also be affected by tax and foreign
exchange policies in place from time to time in the various countries where the
Company operates, though none of these policies is currently significant in the
context of ArcelorMittal&#8217;s overall liquidity.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">In management&#8217;s opinion, ArcelorMittal&#8217;s credit
facilities are adequate for its present requirements. </font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">As of June&nbsp;30, 2014, ArcelorMittal&#8217;s cash
and cash equivalents, including restricted cash amounted to $4.4 billion as
compared to $6.2 billion as of December&nbsp;31, 2013. In addition,
ArcelorMittal had available borrowing capacity of $6.0 billion under its credit
facilities as of June&nbsp;30, 2014, unchanged from December&nbsp;31, 2013. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">As of June 30, 2014, ArcelorMittal&#8217;s total
debt, which includes long-term debt and short-term debt, was $21.8 billion,
compared to $22.3 billion as of December 31, 2013. The repayments of the &#8364;1.25
billion Convertible Bonds upon maturity in April, 2014 and the $800 million of
Convertible Notes upon maturity in May 2014 were partly offset by the issuance
of &#8364;750 million 3.00% Notes in March, 2014, </font><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">a $1 billion loan agreement with a credit institution </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">in June 2014 and proceeds from the draw-down of the
$300 million term loan facility in February 2014</font><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">. </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Net debt
(defined as long-term debt plus short-term debt, less cash and cash equivalents
and restricted cash) was $17.4 billion as of June 30, 2014, up from $16.1
billion at December 31, 2013. Net debt increased period-on-</font><!-- Do not modify beyond this point! !--><a name=bcl_connect_next></a></p>
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<p style="margin:0cm;margin-bottom:10.0pt;"><a name=bcl_connect_prev></a><!-- Do not modify before this point! !--><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">period
primarily due to the repayment of the perpetual capital securities and capital
expenditures which were partially offset by cash flows from operating activities.
Most of the external debt is borrowed by the parent company on an unsecured
basis and bears interest at varying levels based on a combination of fixed and
variable interest rates. Gearing (defined as net debt divided by total equity)
at June 30, 2014 was 33% as compared to 30% at December 31, 2013. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The
margin applicable to ArcelorMittal&#8217;s principal credit facilities and the
coupons on its outstanding bonds are subject to adjustment in the event of a
change in its long-term credit ratings. Due, among other things, to the weak
steel industry outlook and ArcelorMittal&#8217;s credit metrics and level of debt,
Standard &amp; Poor&#8217;s, Moody&#8217;s and Fitch downgraded the Company&#8217;s rating to
below &#8220;investment grade&#8221; in August, November and December 2012, respectively,
and Standard &amp; Poor&#8217;s and Moody&#8217;s currently have ArcelorMittal&#8217;s credit
rating on negative outlook. These downgrades triggered the interest rate
&#8220;step-up&#8221; clauses in most of the Company&#8217;s outstanding bonds, resulting in an
incremental interest expense of $50 million for the six months ended June 30,
2014 and $40 million for the six months ended June 30, 2013 compared to
interest expense expected prior to the downgrades. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">ArcelorMittal&#8217;s principal
credit facilities, which are (i) the syndicated
revolving credit facility maturing on
March 18, 2016 (the &#8220;$3.6 Billion Facility&#8221;) and (ii) the syndicated revolving
credit facility maturing on November 6, 2018 (the &#8220;$2.4 Billion Facility&#8221;),
contain restrictive covenants. Among other things, these covenants limit
encumbrances on the assets of ArcelorMittal and its subsidiaries, the ability
of ArcelorMittal&#8217;s subsidiaries to incur debt and the ability of ArcelorMittal
and its subsidiaries to dispose of assets in certain circumstances. These
agreements also require compliance with a financial covenant, as summarized
below.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">The Company must ensure that the ratio of
&#8220;Consolidated Total Net Borrowings&#8221; (consolidated total borrowings less
consolidated cash and cash equivalents) to &#8220;Consolidated EBITDA&#8221; (the
consolidated net pre-taxation profits of the ArcelorMittal group for a
Measurement Period, subject to certain adjustments as set out in the
facilities) does not, at the end of each &#8220;Measurement Period&#8221; (each period of
12 months ending on the last day of a financial half-year or a financial year
of the Company), exceed a certain ratio, referred to by the Company as the
&#8220;Leverage ratio&#8221;. ArcelorMittal&#8217;s principal credit facilities set this ratio to
4.25 to one, whereas certain facilities have a ratio of 3.5 to one. As of June
30, 2014, the Company was in compliance with both ratios.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">Non-compliance with the covenants in the
facilities described above would entitle the lenders under such facilities to
accelerate the Company&#8217;s repayment obligations. The Company was in compliance
with the financial covenants in the agreements related to all of its borrowings
as of June 30, 2014.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">As of June 30, 2014, ArcelorMittal had guaranteed
approximately $1.2 billion of debt of its operating subsidiaries and $0.6
billion of total debt of ArcelorMittal Finance. ArcelorMittal&#8217;s debt facilities
have provisions whereby the acceleration of the debt of another borrower within
the ArcelorMittal group could, under certain circumstances, lead to
acceleration under such facilities.&#160; </font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">The following table summarizes the repayment
schedule of ArcelorMittal&#8217;s outstanding indebtedness, which includes short-term
and long-term debt, as of June&nbsp;30, 2014.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td colspan=17 valign=bottom width=73% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Repayment Amounts per Year</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td colspan=17 valign=bottom width=73% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(in billions of $)</font></b></p>
  </td>
 </tr>
<tr style="height:25.5pt;">
  <td valign=bottom width=5% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:white;border-bottom:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Type of
  Indebtedness</font></b></p>
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">As of
  June&nbsp;30, 2014<sup> &nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Q314</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-top:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Q414</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-top:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2015</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-top:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2016</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-top:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2017</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-top:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2018</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-top:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2019</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-top:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&gt;2019</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-top:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Bonds <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">0.1</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;0.5&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2.2</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1.9</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2.8</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2.2</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2.5</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">6.0</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">18.2</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Long-term
  revolving credit lines <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">- $3.6 billion
  syndicated credit facility <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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<tr style="height:12.75pt;">
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 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">-</font></p>
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 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">-</font></p>
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 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">-</font></p>
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 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">-</font></p>
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 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
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 <td valign=top width=22% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;-&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;-&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;-&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">0.1</font></b></p>
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 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
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 <td valign=top width=22% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">0.5</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">0.1</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1.3</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">0.9</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">0.1</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">0.1</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">0.1</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">0.4</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">3.5</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=7% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=7% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=6% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=5% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total Debt<sup>
  &nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">0.7</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">0.6</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">3.5</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2.8</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2.9</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2.3</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2.6</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">6.4</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">21.8</font></b></p>
  </td>
 </tr>
<tr style="height:5.25pt;">
  <td valign=bottom width=5% style="background:white;height:5.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:white;border-bottom:solid black 1.0pt;height:5.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:5.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:5.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:5.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:5.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:5.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:5.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:5.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:5.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:5.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:5.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:5.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:5.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:5.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:5.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:5.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:5.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:5.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(1)</font></p>
  </td>
 <td colspan=8 valign=top width=55% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Commercial
  paper is expected to continue to be rolled over in the normal course of
  business. </font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">The average debt maturity of the Company was 6.2
years as of June&nbsp;30, 2014, as compared to 6.2 years as of
December&nbsp;31, 2013.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The
following table summarizes the amount of credit available as of June 30, 2014
under ArcelorMittal&#8217;s principal credit facilities.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>


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<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"></font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">17</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"></font></p>



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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:25.5pt;">
  <td valign=bottom width=44% style="background:white;border-bottom:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Credit lines available</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td width=15% style="background:white;border-bottom:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Facility&nbsp;</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Amount</font></b></p>
  </td>
 <td width=5% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td width=13% style="background:white;border-bottom:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Drawn</font></b></p>
  </td>
 <td width=5% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td width=14% style="background:white;border-bottom:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Available</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=44% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$3.6 Billion
  Facility </font></p>
  </td>
 <td valign=top width=4% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$ 3.6</font></p>
  </td>
 <td valign=top width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$ 3.6</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=44% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$2.4 Billion
  Facility </font></p>
  </td>
 <td valign=top width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$ 2.4</font></p>
  </td>
 <td valign=top width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$ 2.4</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=top width=44% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total
  committed lines </font></b></p>
  </td>
 <td valign=top width=4% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=15% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$ 6.0</font></p>
  </td>
 <td valign=top width=5% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">-</font></p>
  </td>
 <td valign=top width=5% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=14% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">$ 6.0</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Financings </font></i></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Principal credit
facilities </font></i></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">On March 18, 2011, ArcelorMittal entered into a
$6 billion facility (now defined herein as the $3.6 Billion Facility), a
syndicated revolving credit facility which may be utilized for general
corporate purposes and which matures in 2016. On November 26, 2013, the
facility was amended and reduced to $3.6 billion. As of June 30, 2014, the $3.6
Billion Facility remains fully available.&#160; </font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">On May 6, 2010, ArcelorMittal entered into a $4
billion facility (now defined herein as the $2.4 Billion Facility), a
syndicated revolving credit facility which may be utilized for general
corporate purposes. On November 26, 2013, the facility was amended and reduced
to $2.4 billion and the maturity date extended from May 6, 2015 to November 6,
2018. As of June 30, 2014, the $2.4 Billion Facility remains fully available. </font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">On September 30, 2010, ArcelorMittal entered
into the $500 million revolving multi-currency letter of credit facility (the
&#8220;Letter of Credit Facility&#8221;). The Letter of Credit Facility is used by the
Company and its subsidiaries for the issuance of letters of credit and other
instruments and matures on September 30, 2016. The terms of the letters of
credit and other instruments contain certain restrictions as to duration. The
Letter of Credit Facility was amended on October 26, 2012 to reduce its amount
to $450 million.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">On December 20, 2013, ArcelorMittal entered into
a term loan facility in an aggregate amount of $300 million, maturing on
December 20, 2016, under which amounts repaid may not be re-borrowed. As of
June 30, 2014, the term loan facility was fully drawn.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">2014 Capital markets
transactions and other outstanding loans and debt securities</font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On January 17, 2014, ArcelorMittal
extended the conversion date for the $1 billion privately placed mandatory
convertible bond (&#8220;MCB&#8221;) issued on December 28, 2009 by one of its wholly-owned
Luxembourg subsidiaries. The mandatory conversion date of the bond has been
extended to January 29, 2016. The other main features of the MCB remain
unchanged. The bond was placed privately with a Luxembourg affiliate of Cr&#233;dit
Agricole Corporate and Investment Bank and is not listed.</font><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;"> In connection with the extension of the
conversion date of the MCB, ArcelorMittal also extended the maturities of the
equity-linked notes in which the proceeds of the MCB issuance are invested.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On February 20, 2014, ArcelorMittal redeemed all of
its outstanding $650 million subordinated perpetual capital securities
following the occurrence of a &#8220;Ratings Agency Event&#8221;, as defined in the terms of
the securities. The notes were redeemed for $657 million at a redemption price
of 101% of the principal amount thereof, plus interest accrued.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On March 25, 2014, ArcelorMittal completed the
offering of &#8364;750 million 3.00 per cent Notes due March 25, 2019 issued under
the &#8364;3 billion wholesale Euro Medium Term Notes Programme. The proceeds of the
issuance were used for general corporate purposes.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On June 10, 2014, ArcelorMittal entered into a loan
agreement for $1 billion. The loan was funded upon closing. The credit
institution has the right to demand repayment of the loan once per year beginning
February 2015 until the final maturity of the agreement on April 20, 2017.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On July 4, 2014, ArcelorMittal completed the offering
of &#8364;600 million 2.875 per cent Notes due July 6, 2020 issued under the &#8364;3
billion wholesale Euro Medium Term Notes Programme. The proceeds of the
issuance were used for general corporate purposes.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">During the first half of 2014, ArcelorMittal entered
into short-term committed bilateral credit facilities totaling approximately $0.9
billion. As of June 30, 2014, the facilities remain fully available.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Additional
information regarding the Company&#8217;s outstanding loans and debt securities is
set forth in Note 17 of ArcelorMittal&#8217;s consolidated financial statements for
the year ended December 31, 2013 and Note 8 of ArcelorMittal&#8217;s condensed
consolidated financial statements for the period ended June 30, 2014.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">True
sale of receivables (&#8220;TSR&#8221;) programs</font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The Company has established a number of programs for
sales without recourse of trade accounts receivable to various financial
institutions (referred to as True Sale of Receivables (&#8220;TSR&#8221;)) for an aggregate
amount of $5,607 million as of June 30, 2014. This </font><!-- Do not modify beyond this point! !--><a name=bcl_connect_next></a></p>
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<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"></font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">18</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"></font></p>



<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0cm;margin-bottom:10.0pt;"><a name=bcl_connect_prev></a><!-- Do not modify before this point! !--><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">amount
represents the maximum amounts of unpaid receivables that may be sold and
outstanding at any given time. Of this amount, the Company has utilized $5,368
million and $5,370 million as of December 31, 2013 and as of June 30, 2014,
respectively. Through the TSR programs, certain operating subsidiaries of
ArcelorMittal surrender the control, risks and benefits associated with the
accounts receivable sold; therefore, the amount of receivables sold is recorded
as a sale of financial assets and the balances are removed from the
consolidated statements of financial position at the moment of sale. The total
amount&nbsp;of receivables sold under TSR programs and derecognized in
accordance with IAS 39 for the six months ended June 30, 2013 and 2014 was $17.1
billion and $19.4 billion, respectively (with amounts of receivables sold
converted to U.S. dollars at the monthly average exchange rate). Expenses
incurred under the TSR programs (reflecting the discount granted to the
acquirers of the accounts receivable) recognized in the consolidated statements
of operations for the six months ended June 30, 2013 and 2014 were $91 million
and $80 million, respectively.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Sources and uses of cash</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The
following table summarizes cash flows of ArcelorMittal for the six months ended
June 30, 2014 and 2013:</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:31.5pt;">
  <td valign=bottom width=58% style="background:white;height:31.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=42% style="background:white;border-bottom:solid black 1.5pt;height:31.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Summary&nbsp;of&nbsp;Cash&nbsp;Flows</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Six&nbsp;
  months&nbsp;ended&nbsp;June&nbsp;30,</font></b></p>
  </td>
 </tr>
<tr style="height:28.5pt;">
  <td valign=bottom width=58% style="background:white;height:28.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:white;border-bottom:solid black 1.5pt;height:28.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2013</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(in $ millions)</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-top:solid black 1.5pt;height:28.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=19% style="background:white;border-bottom:solid black 1.5pt;border-top:solid black 1.5pt;height:28.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2014</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(in $ millions)</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=58% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Net cash
  provided by operating activities </font></p>
  </td>
 <td valign=bottom width=18% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2,057</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,077</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=58% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Net cash used
  in investing activities </font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(1,520)</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(1,697)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=58% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Net cash (used
  in) provided by financing activities </font></p>
  </td>
 <td valign=bottom width=18% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,897</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=19% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">(1,118)</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Net cash provided
by operating activities </font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">For the six
months ended June 30, 2014, net cash provided by operating activities was $1.1
billion as compared with net cash provided by operating activities of $2.1 billion
for the six months ended June 30, 2013. Net cash provided by operating
activities for the six months ended June 30, 2013 was positively impacted by a
release of working capital.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">&#160;Net cash provided
by operating activities for the six months ended June 30, 2014, included a $50
million increase in working capital (consisting of inventories plus accounts
receivable less accounts payable), primarily related to a decrease in payables of
$56 million and a decrease in inventories of $380 million, partly offset by an
increase in accounts receivables of $374 million, as compared to a $0.7 billion
decrease in working capital a year earlier. </font><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">The
reduction in inventories is mainly related to lower raw material prices for the
six months ended June 30, 2014 as the average benchmark iron ore price per
tonne of $111 CFR China and the average benchmark price for hard coking coal
FOB Australia were 19% and 24% lower than in 2013, respectively, leading to a
lower carrying value of raw materials and finished steel products in inventory.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Net
cash provided by operating activities for the six months ended June 30, 2014
was negatively affected by payments made relating to the settlement of
antitrust litigation in the United States and termination of the Senegal greenfield
project. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Net cash used in
investing activities </font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Net cash used in
investing activities for the six months ended June 30, 2014 was $1.7 billion as
compared with net cash used in investing activities of $1.5 billion for the six
months ended June 30, 2013. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Capital
expenditures were $1.6 billion for the six months ended June 30, 2014,
remaining flat as compared with $1.6 billion for the six months ended June 30,
2013. The Company currently expects that capital expenditures for the year
ended 2014 will amount to approximately $3.8-$4.0 billion, involving mainly sustaining
capital expenditures with a slight increase compared to the prior year as well
as the continuation of the phase II Liberia project.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">ArcelorMittal&#8217;s
major growth capital expenditures in the six months ended June 30, 2014
included the following major projects: Capacity expansion in Liberia; Monlevade
expansion plan downstream part.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The
following tables summarize the Company&#8217;s principal growth and optimization
projects involving significant capital expenditures completed in the last half
of 2013 and in the current year, as well as those that are ongoing.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>


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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:15.0pt;">
  <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Completed
  projects<sup> &nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=23% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=23% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Segment<sup> &nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=23% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Site</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Project</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=22% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Capacity / particulars</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Actual completion<sup> &nbsp;</sup></font></b></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td valign=bottom width=3% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Mining<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">ArcelorMittal
  Mines Canada</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Expansion
  project</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Increase
  concentrator capacity by 8mt/ year (16 to 24mt/ year)</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Q2 2013<sup>1</sup></font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font color=#FF6600 face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></b></p>
  </td>
 <td valign=top width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font color=#FF6600 face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=23% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
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<tr style="height:24.0pt;">
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<tr style="height:48.0pt;">
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<tr style="height:36.0pt;">
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<tr style="height:24.0pt;">
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 <td valign=top width=2% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Rebar and
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  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Increase in
  rebar capacity by 0.4mt / year; Increase in meltshop capacity by 0.2mt / year
  </font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2015<sup>5</sup></font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td valign=bottom width=3% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  </td>
 <td valign=top width=2% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  </td>
 <td valign=top width=2% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Sinter plant,
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  </td>
 <td valign=top width=2% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Increase in
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  </td>
 <td valign=top width=2% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  </td>
 </tr>
<tr style="height:24.0pt;">
  <td valign=bottom width=3% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Brazil<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Acindar
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  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">New rolling mill</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Increase in
  rolling capacity by 0.4mt / year for bars for civil construction</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:#CCFFFF;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2016<sup>6</sup></font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Joint
  venture projects<sup> &nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=23% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font><sup><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></b></p>
  </td>
 <td valign=top width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=23% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font><sup><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Country<sup> &nbsp;</sup></font></b></p>
  </td>
 <td valign=top width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=23% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Site</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Project</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=22% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Capacity / particulars</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Forecasted completion</font></b><sup><font color=black face="Times New Roman,serif" style="font-size:9.0pt;"> &nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:36.0pt;">
  <td valign=bottom width=3% style="background:white;height:36.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:#CCFFFF;height:36.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">China<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:36.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:#CCFFFF;height:36.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Hunan Province</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:36.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:#CCFFFF;height:36.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">VAMA auto steel
  JV</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:36.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:#CCFFFF;height:36.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Capacity of
  1.5mt pickling line, 0.9mt continuous annealing line and 0.5mt of hot dipped
  galvanizing auto steel </font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:36.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:#CCFFFF;height:36.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">H2 2014<sup>7</sup></font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=16% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Canada<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=top width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=23% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Baffinland</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Early revenue
  phase</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=22% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Production
  capacity 3.5mt/ year (iron ore) </font></p>
  </td>
 <td valign=top width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2015<sup>8</sup></font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=top width=41% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=13% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=2% style="background:white;border-top:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="background:white;border-top:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font><sup><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:24.75pt;">
  <td valign=top width=3% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">1</font></p>
  </td>
 <td colspan=9 valign=top width=97% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Final capex for
  the AMMC expansion project was $1.6 billion. The ramp-up of expanded capacity
  at AMMC hit a run-rate of 24mt by year end 2013. Stretch opportunity to
  30mtpa concentrate through debottlenecking of existing operations has been
  identified but remains subject to board approval.</font><sup><font color=black face="Times New Roman,serif" style="font-size:9.0pt;"> &nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">2</font></p>
  </td>
 <td colspan=9 valign=top width=97% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Ongoing projects
  refer to projects for which construction has begun (excluding various
  projects that are under development), or have been placed on hold pending
  improved operating conditions.<sup> &nbsp;</sup></font></p>
  </td>
 </tr>
<tr style="height:26.25pt;">
  <td valign=top width=3% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">3</font></p>
  </td>
 <td colspan=9 valign=top width=97% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">The Phase 2
  expansion of the Liberia project to a production capacity of 15 million
  tonnes per annum sinter feed is underway. The first sinter feed production is
  expected at the end of 2015. Stretch opportunity to 20mtpa including 5mtpa
  DSO has been identified but remains subject to board approval.&#160; Phase 2 is
  expected to require capex of $1.7 billion.</font><sup><font color=black face="Times New Roman,serif" style="font-size:10.0pt;"> &nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:27.0pt;">
  <td valign=top width=3% style="background:white;height:27.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">4</font></p>
  </td>
 <td colspan=9 valign=top width=97% style="background:white;height:27.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">During Q3 2013,
  the Company restarted the construction of a heavy gauge galvanizing line #6
  (capacity 660ktpy) at Dofasco.&#160; On completion of this project in 2015, the
  older and smaller galvanizing line #2 (capacity 400ktpy) will be closed.&#160; The
  project is expected to benefit EBITDA through increased shipments of
  galvanized product (260ktpy), improved mix and optimized costs. The line #6
  will also incorporate Advanced High Strength Steel (AHSS) capability and is
  the key element in a broader program to improve Dofasco&#8217;s ability to serve
  customers in the automotive, construction, and industrial markets.</font><sup><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> &nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:24.75pt;">
  <td valign=top width=3% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">5</font></p>
  </td>
 <td colspan=9 valign=top width=97% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">During Q2 2013,
  the Company restarted its Monlevade expansion project in Brazil. The project
  is expected to be completed in two phases with the first phase (investment in
  which has now been approved) focused mainly on downstream facilities and
  consisting of a new wire rod mill in Monlevade with additional capacity of
  1,050 ktpy of coils with capex estimated at a total of $280 million; and Juiz
  de Fora rebar capacity increase from 50 to 400ktpy (replacing some wire rod
  production capacity) and meltshop capacity increase by 200ktpy. This part of
  the overall investment is expected to be finished in 2015. A decision whether
  to invest in Phase 2 of the project, focusing on the upstream facilities in
  Monlevade (sinter plant, blast furnace and meltshop), will be taken at a
  later date.</font><sup><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> &nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">6</font></p>
  </td>
 <td colspan=9 valign=top width=97% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">During Q3 2013,
  Acindar Industria Argentina de Aceros S.A. (Acindar) announced its intention
  to invest $100 million in a new rolling mill (with production capacity of
  400ktpy of rebars from 6 to 32mm) in Santa Fe province, Argentina devoted to
  the manufacturing of civil construction products. The new rolling mill will
  also enable ArcelorMittal Acindar to optimize production at its special bar
  quality (SBQ) rolling mill in Villa Constituci&#243;n, which in the future will
  only manufacture products for the automotive and mining industries. The
  project is expected to take up to 24 months to build, with operations
  expected to start in 2016. </font><sup><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">7</font></p>
  </td>
 <td colspan=9 valign=top width=97% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Valin
  ArcelorMittal Automotive Steel (&#8220;VAMA&#8221;), a downstream automotive steel joint
  venture between ArcelorMittal and Valin Group, of which the Company owns 49%,
  will produce steel for high-end applications in the automobile industry and
  supply international automakers and first-tier Chinese car manufacturers as
  well as their supplier networks for the rapidly growing Chinese market. The
  project involves the construction of state of the art pickling line tandem
  CRM (1.5mt), continuous annealing line (0.9mt) and hot dipped galvanised line
  (0.5mt). Total capital investment is $832 million (100% basis) with the first
  automotive coil to be produced in H2 2014.</font><sup><font color=black face=Calibri,sans-serif style="font-size:11.0pt;"> &nbsp;</font></sup></p>
  </td>
 </tr>
<tr style="height:36.0pt;">
  <td valign=top width=3% style="background:white;height:36.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">8</font></p>
  </td>
 <td colspan=9 valign=top width=97% style="background:white;height:36.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">The Company&#8217;s
  Board of Directors has approved the Early Revenue Phase (&#8220;ERP&#8221;) at
  Baffinland, which requires less capital investment than the full project as
  originally proposed.&#160; Implementation of the ERP is now underway and
  environmental approvals are in place. The goal is to reach a 3.5mt per annum
  production rate during the open water shipping season by the end of 2015. The
  budget for the ERP is approximately $730 million and requires upgrading of
  the road that connects the port in Milne Inlet to the mine site. </font><sup><font color=black face=Calibri,sans-serif style="font-size:11.0pt;">&#160;&nbsp;</font></sup></p>
  </td>
 </tr>
</table></div>


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<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"></font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">20</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"></font></p>



<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_21"></a><DIV bclPageBorder STYLE="WIDTH: 100%; PADDING-RIGHT: 5%; PADDING-LEFT: 5%">

<DIV bclHeader>





<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;letter-spacing:-.2pt;line-height:10.0pt;">Other investing
activities for the six months ended June 30, 2014 included an inflow of $183 million
from the sale of ATIC Services S.A. (&#8220;ATIC&#8221;) and the steel cord business ($144
million and $39 million, respectively) as well as proceeds from the exercise of
the second put option in Hunan Valin. Other investing activities for the six
months ended June 30, 2014 included an outflow of $258 million associated with
the acquisition of ThyssenKrupp Steel USA through the joint venture with Nippon
Steel &amp; Sumitomo Metal Corporation (&#8220;NSSMC&#8221;).</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Net cash (used
in) provided by financing activities </font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Net
cash used in financing activities was $1.1 billion for the six months ended
June 30, 2014, as compared to cash provided by financing activities of $1.9
billion for the six months ended June 30, 2013. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><a name="_DV_C27"></a><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">During
the six months ended June 30, 2014, the Company repaid
debt in the amount of $2.7 billion (primarily &#8364;1.25 billon for the 7.25%
convertible bonds due April 1, 2014 and $800 million for the 5.00% convertible
bonds due May 15, 2014) and redeemed subordinated perpetual capital securities
for $657 million. These payments were offset by the receipts of $1.0 billion
from a loan agreement with a financial institution, proceeds of $1.3 billion
from the issuance of a &#8364;750 million 3.00% Notes due March 25, 2019 under its &#8364;3
billion wholesale Euro Medium Term Notes Programme, and proceeds from new
3-year $300 million financing provided by EDC (Export Development Canada). </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Dividends
paid to non-controlling shareholders in subsidiaries and payments to holders of
subordinated perpetual capital securities during the six months ended June 30,
2014 amounted to $40 million and $22 million, respectively as compared to $9
million and $28 million, respectively for the six months ended June 30, 2013. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Equity</font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Equity
attributable to the equity holders of the parent decreased to $48.9 billion at
June 30, 2014, compared with $49.8 billion at December 31, 2013, primarily due to the redemption of
subordinated perpetual capital securities, the declaration of the dividend to
ArcelorMittal shareholders, and the divestitures of ATIC, Bekaert and the steel
cord business and partially offset by </font><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">net results from the perio</font><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">d.&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Earnings
distributions </font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">On May 8, 2014 at the Annual General
Shareholders&#8217; meeting, the shareholders approved the Company&#8217;s dividend of
$0.20 per share. The dividend amounted to $333 million and was paid on July 15,
2014.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Treasury
shares </font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">ArcelorMittal held 11,785,524 shares in treasury at
June 30, 2014, down from 11,792,674 shares at December 31, 2013 as a result of
allocations to employees under incentive plans. At June 30, 2014, the number of
treasury shares represented approximately 0.71% of the total issued number of
ArcelorMittal shares.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">C.
Research and development, patents and licenses </font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Research and development expense (included in selling,
general and administrative expenses) was $150 million for the six months ended
June 30, 2014 as compared to $119 million for the six months ended June 30, 2013.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">D.
Trend information </font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">All of the statements in this &#8220;Trend information&#8221;
section are subject to and qualified by the information set forth under the
&#8220;Cautionary statement regarding forward-looking statements&#8221;. See also &#8220;&#8212;Key factors
affecting results of operations&#8221; above.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Outlook</font></b></p>


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<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The 2014 operating income guidance
framework remains valid. Reflecting the weaker than expected iron ore price,
this underlying assumption has been adjusted to $105/t (from $120/t previously)
implying a second-half average of $100/t. All other components of the framework
remain unchanged. As a result the Company now expects 2014 operating income
plus depreciation and impairment to be in excess of $7.0 billion. The key
assumptions behind this framework are discussed below. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Based on the current economic outlook, ArcelorMittal
continues to expect global apparent steel consumption (&#8220;ASC&#8221;) to increase by
approximately 3-3.5% in 2014. Steel demand growth has been strong in Europe and
we have upgraded our ASC growth in 2014 to 3-4%. Despite the impact of severe
weather in the US on demand in Q1 2014, data for Q2 2014 has been strong and US
ASC growth in 2014 has also been upgraded to a forecast range of 5-6%. In
China, we see signs of stabilization due to the government&#8217;s targeted stimulus,
and expect steel demand in the range of 3-3.5%. While risks remain to steel demand
in the CIS and other emerging markets including Brazil, the stronger
fundamentals in our key developed world markets continue to support our
expectation that steel shipments should increase by approximately 3% in 2014 as
compared to 2013.Following the successful ramp up of expanded capacity at
ArcelorMittal Mines Canada, year-on-year increases in market priced iron ore
shipments are expected. This should underpin a 15% expansion of marketable iron
ore volumes for the Company in 2014 as compared to 2013. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Following the successful ramp up of expanded capacity
at ArcelorMittal Mines Canada, year-on-year increases in market priced iron ore
shipments are expected. This should underpin a 15% expansion of marketable iron
ore volumes for the Company in 2014 as compared to 2013. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The working assumption behind the revised 2014 operating
income plus depreciation and impairment guidance is an average iron ore price
of approximately $105/t (for 62% Fe CFR China). </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Due to improved industry utilization rates, and the
further contribution of the Company&#8217;s Asset Optimization and Management Gains
cost optimization programs, steel margins are expected to improve in 2014. This
improvement is forecasted despite the negative weather related impact on NAFTA
performance at the beginning of the year, which resulted in increased costs of
approximately $350 million in the H1 2014.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Furthermore, the Company expects net interest expense
to be approximately $1.6 billion in 2014 as compared to $1.8 billion in 2013
due primarily to lower average debt.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Capital expenditure is expected to be approximately
$3.8-4.0 billion, a slight increase over 2013, with some of the expected
spending from last year rolling into 2014 as well as the continuation of the
phase II Liberia project. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">As previously communicated, the Company does not
intend to ramp-up any major steel growth capex or increase dividends until the
medium term $15 billion net debt target has been achieved and market conditions
improve.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">E. Off-balance sheet arrangements</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">ArcelorMittal has no unconsolidated special purpose
financing or partnership entities that are likely to create material contingent
obligations.</font></p>








<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><b><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Recent developments</font></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-indent:-18.0pt;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On July 29, 2014, ArcelorMittal
and Billiton Guinea B.V. (&#8220;BHP Billiton&#8221;) have signed a sale and purchase
agreement for the acquisition by ArcelorMittal of a 43.5% stake in Euronimba
Limited (&#8220;Euronimba&#8221;), which holds a 95% indirect interest in the Mount Nimba
iron ore project in Guinea (&#8220;Project&#8221;). The Project comprises a 935 million
tonne direct shipped ore resource with an average grade of 63.1% Fe and is
located approximately 40 kilometres from ArcelorMittal Liberia&#8217;s mine and
infrastructure operations. ArcelorMittal has simultaneously entered into a sale
and purchase agreement with Compagnie Fran&#231;aise de Mines et M&#233;taux (a member of
the Areva group) for the acquisition of its 13% stake in Euronimba. The closing
of these two transactions would give ArcelorMittal a 56.5% ownership of
Euronimba. The remaining 43.5% of Euronimba is owned by Newmont LaSource S.A.S.
(&#8220;Newmont&#8221;).&nbsp; As part of the transaction, ArcelorMittal has granted
Newmont a limited duration option which, if exercised, would result in Newmont
and ArcelorMittal owning equal stakes in Euronimba. The transaction is subject
to certain closing conditions, including merger control clearance and certain
approvals from the Government of Guinea.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-indent:-18.0pt;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On July 10, 2014, ArcelorMittal
signed an agreement with Doosan Corporation, a South Korean conglomerate, for
the sale of all of the shares of Circuit Foil Luxembourg, which manufactures
electrodeposited copper foils for the electronics industry, and certain of its
subsidiaries for cash consideration of $50 million. The sale was completed on
July 31, 2014.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-indent:-18.0pt;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On July 4, 2014, ArcelorMittal
issued &#8364;600 million 2.875% Notes due July 6, 2020 under its &#8364;3 billion
wholesale Euro Medium Term Notes Programme. The uses of proceeds from the
issuance are for general corporate purposes. </font></p>


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<p style="margin:0cm;margin-bottom:10.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-indent:-18.0pt;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On June 30, 2014, ArcelorMittal
completed the sale of its 78% stake in the European port handling and logistics
company ATIC for &#8364;155 million ($144 million net of cash of $68 million disposed
of ) to H.E.S. Beheer N.V., who held the remaining 22% non-controlling
interest. The transaction is consistent with ArcelorMittal&#8217;s stated strategy of
selective divestment of non-core assets.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-indent:-18.0pt;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On June 10, 2014, ArcelorMittal entered
into a loan agreement with a financial institution for $1.0 billion. The financial
institution has the right to request early repayment once per year beginning in
February 2015 until the final maturity on April 20, 2017.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-indent:-18.0pt;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On May 30, 2014, the Company
completed the disposal of its 50% stake in the joint venture Kiswire
ArcelorMittal Ltd. in South Korea and certain other entities of its steel cord
business in the United States, Europe and Asia to Kiswire Ltd. The Company
received a preliminary cash consideration of $55 million ($39 million net of
cash of $16 million disposed of) to be adjusted upon final determination of the
net debt and working capital balance at closing date. The Company&#8217;s existing
intra group debt of $102 million was assumed by Kiswire Ltd. and will be repaid
at the latest during the first half of 2015. The Company will receive an
additional consideration for the net debt outstanding at closing date.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-indent:-18.0pt;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On April 30, 2014, the Company
completed the extension of its partnership in Latin America to Costa Rica and
Ecuador with Bekaert Group (&#8220;Bekaert&#8221;), a worldwide market and technology
leader in steel wire transformation and coatings. ArcelorMittal became a
minority shareholder in the Ideal Alambrec Ecuador wire plant controlled by
Bekaert, transferred the steel wire products business of ArcelorMittal Costa
Rica and its 55% interest in Cimaf Cabos, a cable business in Osasco (S&#227;o
Paulo) Brazil that is currently a branch of Belgo Bekaert Arames (&#8220;BBA&#8221;) to
Bekaert. The transaction also included wire rod supply agreements between the
Company and Bekaert, and a cable wire supply agreement between BBA and Bekaert.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-indent:-18.0pt;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On March 25, 2014, ArcelorMittal
issued &#8364;750 million 3.00% Notes due March 25, 2019 under its &#8364;3 billion
wholesale Euro Medium Term Notes Programme. The uses of proceeds from the
issuance were for general corporate purposes. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-indent:-18.0pt;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On February 26, 2014,
ArcelorMittal, together with NSSMC, completed the acquisition of ThyssenKrupp
Steel USA (&#8220;TK Steel USA&#8221;), a steel processing plant in Calvert, Alabama,
having received all necessary regulatory approvals. The transaction &#8211; a 50/50
joint venture, AM/NS Calvert (&#8220;Calvert&#8221;), with NSSMC &#8211; was completed for an
agreed price of $1,550 million plus working capital and net debt adjustment.
The Calvert plant has a total capacity of 5.3 million tonnes including hot
rolling, cold rolling, coating and finishing lines. The transaction was
financed through a combination of debt at the joint venture level and equity,
of which $258 million was paid by the Company. The transaction includes a
six-year agreement to purchase two million tonnes of slab annually from TK CSA,
an integrated steel mill complex located in Rio de Janeiro, Brazil, using a
market-based price formula. TK CSA has an option to extend the agreement for an
additional three years on terms that are more favorable to the joint venture,
as compared with the initial time period. The remaining slab balance will be
sourced from ArcelorMittal plants in the US, Brazil and Mexico. ArcelorMittal
will be principally responsible for marketing the product on behalf of the
joint venture. The price ArcelorMittal will receive for its slabs will be
determined by the volume, price and cost performance of the joint venture.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-indent:-18.0pt;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On February 20, 2014,
ArcelorMittal redeemed all of its outstanding $650 million subordinated
perpetual capital securities following the occurrence of a &#8220;Ratings Agency
Event&#8221;, as defined in the terms of the securities. The notes were redeemed at a
redemption price of 101% of the principal amount thereof, plus any interest
accrued to but excluding the redemption date.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;margin-left:36.0pt;margin-right:0cm;margin-top:0cm;text-indent:-18.0pt;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On January 17, 2014, ArcelorMittal
extended the conversion date for the $1 billion privately placed MCB issued on
December 28, 2009 by one of its wholly-owned Luxembourg subsidiaries. The
mandatory conversion date of the bond has been extended to January 29, 2016.
The other main features <a name="bcl_connect_next"></a><a name="page_31"></a><a name="bcl_connect_prev"></a><a name="bcl_connect_next_bclEnd"></a><a name="bcl_connect_prev_bclEnd"></a><a name="page_31_bclEnd"></a>of the MCB
remain unchanged. The bond was placed privately with a Luxembourg affiliate of
Cr&#233;dit Agricole Corporate and Investment Bank and is not listed. The subsidiary
has simultaneously executed amendments providing for the extension of the
outstanding notes into which it invested the proceeds of the bond issuance,
which are linked to shares of the listed companies Eregli Demir Va Celik Fab.
T. AS of Turkey and China Oriental, both of which are held by ArcelorMittal
subsidiaries.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;page-break-after:avoid;"><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Recent
developments in legal proceedings</font></i></b></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;page-break-after:avoid;"><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Tax
claims</font></i></b></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;page-break-after:avoid;text-indent:0cm;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Brazil</font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><a name="_DV_M13"></a><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In
2011, ArcelorMittal Brasil received a tax assessment for corporate income tax
(known as IRPJ) and social contributions on net profits (known as CSL) in
relation to (i) the amortization of goodwill on the acquisition of Mendes
J&#250;nior Siderurgia (for the 2006 and 2007 fiscal years), (ii) the amortization of
goodwill arising from the mandatory tender offer (MTO) made by ArcelorMittal to
minority </font><!-- Do not modify beyond this point! !--><a name=bcl_connect_next></a></p>
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<p style="margin:0cm;margin-bottom:10.0pt;"><a name=bcl_connect_prev></a><!-- Do not modify before this point! !--><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">shareholders of Arcelor Brasil following the
two-step merger of Arcelor and Mittal Steel N.V. (for the 2007 tax year), (iii)
expenses related to pre-export financing used to finance the MTO, which were
deemed by the tax authorities to be unnecessary for ArcelorMittal Brasil since
it was used to buy the shares of its own company; and (iv) CSL over profits of
controlled companies in Argentina and Costa Rica. The amount claimed totals
$583.4 million. On January 31, 2014,&nbsp; the administrative tribunal of first
instance found in partial favor of ArcelorMittal Brasil, reducing the penalty
component of the assessment from, according to ArcelorMittal Brasil&#8217;s
calculations, $265.5 million to $140.6 million (as calculated at the time of
the assessment), while upholding the remainder of the assessment. The Brazilian
Federal Revenue Service has appealed the administrative tribunal&#8217;s decision to
reduce the amount of the original penalty. ArcelorMittal Brasil has also
appealed the administrative tribunal&#8217;s decision to uphold the tax authority&#8217;s
assessment (including the revised penalty component).</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In April 2014,
Com&#233;rcio Exterior S.A. (&#8220;Comex&#8221;), a Brazilian subsidiary of ArcelorMittal, received
a tax assessment in the amount of $76.9 million concerning certain deductions
made by Comex in relation to the Fundap financial tax incentive; the Brazilian
Federal Revenue Service considers that Comex owes corporate income tax (known
as IRPJ) and social contributions on net profits (known as CSL) on the amounts
deducted.&#160; Comex filed its defense in June 2014.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-align:justify;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In
May&nbsp;2014, ArcelorMittal Comercializadora de Energia received a tax
assessment from the state of Minas Gerais alleging &nbsp;that&nbsp; the company
did not correctly calculate tax credits on &nbsp;interstate sales of
electricity &nbsp;from the February 2012 to December 2013 period. The amount
claimed totals $59.6 million. ArcelorMittal Comercializadora de Energia filed
its defense in June 2014.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;page-break-after:avoid;text-indent:18.0pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;page-break-after:avoid;text-indent:0cm;"><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Competition/antitrust
claims</font></i></b></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;page-break-after:avoid;"><a name="_DV_M33"></a><a name="_DV_M37"></a><a name="_DV_M39"></a><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">United States</font></i></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On September
12, 2008, Standard Iron Works filed a purported class action complaint in the
U.S. District Court in the Northern District of Illinois against ArcelorMittal,
ArcelorMittal USA LLC, and other steel manufacturers, alleging that the
defendants had conspired to restrict the output of steel products in order to
fix, raise, stabilize and maintain prices at artificially high levels in
violation of U.S. antitrust law. Other similar direct purchaser lawsuits were
also filed in the same court and were consolidated with the Standard Iron Works
lawsuit. In 2009, the court denied a motion by ArcelorMittal and the other
defendants to dismiss the direct purchaser claims. A hearing on class
certification of the direct purchaser claims took place in March/ April 2014
and a decision remains pending.&#160; On May 29, 2014, ArcelorMittal entered into an
agreement to settle the direct purchaser claims. ArcelorMittal may terminate
the settlement agreement if more than a certain percentage of members of the
purported plaintiffs&#8217; class opt-out of the settlement.&#160; In addition to any
opt-out direct purchaser claimants who may pursue their claims, two putative
class actions on behalf of indirect purchasers have been filed and are not
covered by the settlement of the direct purchaser claims.&#160; On June 13, 2014,
the court gave its preliminary approval of the settlement and scheduled a
hearing for final approval on October 17, 2014. </font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;page-break-after:avoid;text-indent:0cm;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">South Africa</font></i></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><a name="_DV_M40"></a><a name="_DV_M41"></a><a name="_DV_M42"></a><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On September 1, 2009, the
South African Competition Commission referred a complaint against four
producers of long carbon steel in South Africa, including ArcelorMittal South
Africa, and the South African Iron and Steel Institute to the Competition
Tribunal. The complaint referral followed an investigation into alleged
collusion among the producers initiated in April 2008, on-site inspections
conducted at the premises of some of the producers and a leniency application
by Scaw South Africa, one of the producers under investigation. The Competition
Commission recommended that the Competition Tribunal impose an administrative
penalty against ArcelorMittal South Africa, Cape Gate and Cape Town Iron Steel
Works in the amount of 10% of their annual revenues in South Africa and exports
from South Africa for 2008. ArcelorMittal filed an application to access the
file of the Competition Commission that was rejected. ArcelorMittal is
appealing the decision to reject the application, and has applied for a review
of that decision and a suspension of the obligation to respond to the referral
on the substance pending final outcome on the application for access to the
documents. The appeal was upheld by the Competition Appeals Court (CAC) and the
matter was referred back to the Competition Tribunal for a determination of
confidentiality and scope of access to the documents. The Competition
Commission appealed the decision of the CAC, and, on May 31, 2013, the Supreme
Court of Appeal dismissed the appeal of the Competition Commission and confirmed
the decision of the CAC.&nbsp;In 2014, ArcelorMittal South Africa requested the
documents from the Competition Commission, which provided an index thereof. On
July 7, 2011, ArcelorMittal filed an application before the Competition <a name="page_185"></a><a name="page_185_bclEnd"></a>Tribunal to set aside the
complaint referral based on procedural irregularities. It is too early for
ArcelorMittal to assess the potential outcome of the procedure, including the
financial impact.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;page-break-after:avoid;text-indent:0cm;"><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Other legal claims</font></i></b></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><a name="_DV_M44"></a><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Argentina</font></i></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Over the
course of 2007 to 2013, the Argentinian Customs Office Authority (Aduana)
notified the Company of certain inquiries that it is conducting with respect to
prices declared by the Company&#8217;s Argentinian subsidiary, Acindar related to
iron ore imports. The </font><!-- Do not modify beyond this point! !--><a name=bcl_connect_next></a></p>
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<p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"></font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">24</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;"></font></p>



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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><a name=bcl_connect_prev></a><!-- Do not modify before this point! !--><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Customs Office Authority is
seeking to determine whether Acindar incorrectly declared prices for iron ore
imports from several different Brazilian suppliers and from ArcelorMittal
Sourcing on 35 different shipments made between 2002 and 2012. The aggregate
amount claimed by the Customs Office Authority in respect of all of the
shipments is approximately $165 million. The investigations are subject to the
administrative procedures of the Customs Office Authority and are at different
procedural stages depending on the filing date of the investigation. </font><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">By February 2014, in 17 cases, the
administrative branch of the Customs Office Authority ruled against Acindar
(representing total claims of $29.8 million). These decisions have been
appealed to the Argentinian National Fiscal Court.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;page-break-after:avoid;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Canada</font></i></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In 2008, two
complaints filed by Canadian Natural Resources Limited (&#8220;CNRL&#8221;) in Calgary,
Alberta against ArcelorMittal, ArcelorMittal USA LLC, Mittal Steel North
America Inc. and ArcelorMittal Tubular Products Roman S.A were filed. CNRL
alleges <a name="page_186"></a><a name="page_186_bclEnd"></a>negligence in both
complaints, seeking damages of $56 million and $25 million, respectively. The
plaintiff alleges that it purchased a defective pipe manufactured by
ArcelorMittal Tubular Products Roman and sold by ArcelorMittal Tubular Products
Roman and Mittal Steel North America Inc. In May 2009, in agreement with CNRL,
ArcelorMittal and ArcelorMittal USA were dismissed from the cases without
prejudice to CNRL&#8217;s right to reinstate the parties later if justified. In April
2014, the parties participated in a mediation procedure and reached a
settlement subject to certain conditions, which have now been satisfied. The
proceedings before the Calgary court were formally discontinued in June 2014
and the case is therefore now closed.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;page-break-after:avoid;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Italy</font></i></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In January
2010, ArcelorMittal received notice of a claim filed by Finmasi S.p.A. relating
to a memorandum of agreement (&#8220;MoA&#8221;) entered into between ArcelorMittal
Distribution Services France (&#8220;AMDSF&#8221;) and Finmasi in 2008. The MoA provided
that AMDSF would acquire certain of Finmasi&#8217;s businesses for an amount not to
exceed &#8364;93 million, subject to the satisfaction of certain conditions
precedent, which, in AMDSF&#8217;s view, were not fulfilled. Finmasi sued for (i)
enforcement of the MoA, (ii) damages of &#8364;14 million to &#8364;23.7 million or (iii)
recovery costs plus quantum damages for Finmasi&#8217;s alleged lost opportunity to
sell to another buyer. In September 2011, the court rejected Finmasi&#8217;s claims
other than its second claim. The court appointed an expert to determine the
quantum of damages. In May 2013, the expert&#8217;s report was issued and valued the
quantum of damages in the range of &#8364;37.5 million to &#8364;59.5 million.
ArcelorMittal appealed the decision on the merits. In May 2014, the Court of Appeals issued a decision
rejecting ArcelorMittal&#8217;s appeal. On June 20, 2014, ArcelorMittal filed an
appeal of the Court of Appeal&#8217;s judgment with the Italian Court of Cassation. A
hearing in relation to the quantum of damages took place on June 24, 2014 and
the judge set a deadline of October 8, 2014 for the parties to file their
briefs. </font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Senegal</font></i></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In 2007,
ArcelorMittal Holdings AG entered into an agreement with the State of Senegal
relating to an integrated iron ore mining and related infrastructure project.
The Company announced at the time that implementation of the project would
entail an aggregate investment of $2.2 billion. Project implementation did not
follow the originally anticipated schedule after initial phase studies and
related investments.&nbsp;&nbsp; </font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The Company
engaged in discussions with the State of Senegal about the project over a long
period. In early 2011, the parties engaged in a conciliation procedure, as
provided for under their agreement, in an attempt to reach a mutually
acceptable outcome. Following the unsuccessful completion of this procedure, in
May 2011 the State of Senegal commenced an arbitration before the Court of
Arbitration of the International Chamber of Commerce, claiming breach of
contract and provisionally estimating damages of $750 million. In September
2013, the arbitral tribunal issued its first award ruling that Senegal was
entitled to terminate the 2007 agreements. The arbitral tribunal also ruled
that a new arbitration phase would be held relating to the potential liability
of ArcelorMittal as well as the amount of any damages which could be awarded to
Senegal. The parties have since agreed to settle the dispute.</font></p>








<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Cautionary statement regarding
forward-looking statements</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">This document may contain
forward-looking information and statements about ArcelorMittal and its
subsidiaries. These statements include financial projections and estimates and
their underlying assumptions, statements regarding plans, objectives and
expectations with respect to future operations, products and services, and
statements regarding future performance. Forward-looking statements may be
identified by the words &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;target&#8221; or similar
expressions. Although ArcelorMittal&#8217;s management believes that the expectations
reflected in such forward-looking statements are reasonable, investors and
holders of ArcelorMittal&#8217;s securities are cautioned that forward-looking
information and statements are subject to numerous risks and uncertainties,
many of which are difficult to predict and generally beyond the control of
ArcelorMittal, that could cause actual results and developments to differ
materially and adversely from those expressed in, or implied or projected by,
the forward-looking information and statements. These risks and uncertainties
include those discussed or identified in the filings with the Luxembourg
financial and stock market regulator (Commission de Surveillance du Secteur
Financier) and the United States Securities and </font><!-- Do not modify beyond this point! !--><a name=bcl_connect_next></a></p>
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<p style="margin:0cm;margin-bottom:.0001pt;"><a name=bcl_connect_prev></a><!-- Do not modify before this point! !--><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Exchange
Commission (the &#8220;SEC&#8221;). ArcelorMittal undertakes no obligation to publicly
update its forward looking statements, whether as a result of new information,
future events, or otherwise.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>



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<DESCRIPTION>EXHIBIT 99.2
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<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;line-height:115%;">ArcelorMittal</font></b></p>

<p align=center style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;line-height:115%;">Condensed Consolidated
Financial Statements as of and for the six months ended June 30, 2014</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>


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<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;page-break-before:always;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">ARCELORMITTAL AND SUBSIDIARIES</font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:4.5pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">Condensed Consolidated Statements of Financial Position
</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">(in millions of U.S.
dollars, except share and per share data)</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">(unaudited) </font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:26.25pt;">
  <td valign=bottom width=67% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.5pt;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">December&nbsp;31,</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;2013&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.5pt;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">June
  30, </font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2014</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">ASSETS</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Current assets:</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Cash and cash equivalents </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;6,072&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;4,214&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Restricted cash </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;160&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;190&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:25.5pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Trade accounts receivable and other (including 424 and 535 from
  related parties at December&nbsp;31, 2013 and June&nbsp;30, 2014,
  respectively) </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;4,886&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;5,260&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Inventories (note 4) </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;19,240&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;18,627&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Prepaid expenses and other current assets </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;3,375&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;3,122&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=67% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Assets held for sale (note 5)</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;292&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;125&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total current assets </font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;34,025&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;31,538&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Non-current assets:</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Goodwill and intangible assets </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;8,734&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;8,753&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Biological assets</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;132&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;136&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Property, plant and equipment (note 2)</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;51,232&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;50,699&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Investments in associates and joint ventures (note 3) </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;7,195&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;6,948&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Other investments (note 3)</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;738&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,136&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Deferred tax assets </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;8,938&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;8,972&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=67% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Other assets </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,314&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,421&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total non-current assets </font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;78,283&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;78,065&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=67% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total assets </font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;112,308&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;109,603&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">LIABILITIES AND EQUITY</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Current liabilities:</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Short-term debt and current portion of long-term debt (note 8) </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;4,092&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;3,702&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:25.5pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Trade accounts payable and other (including 143</font><font color=red face="Times New Roman,serif" style="font-size:10.0pt;"> </font><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">and
  182 to related parties at December&nbsp;31, 2013 and June&nbsp;30, 2014,
  respectively) </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;12,604&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;12,494&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Short-term provisions (note 10)</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,206&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,125&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Accrued expenses and other liabilities </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;7,071&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;6,070&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Income tax liabilities </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;179&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;156&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Liabilities held for sale (note 5)</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;83&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;42&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=67% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total current liabilities </font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;25,235&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;23,589&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Non-current liabilities:</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Long-term debt, net of current portion (note 8) </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;18,219&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;18,132&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Deferred tax liabilities </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;3,115&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;3,235&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Deferred employee benefits </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;9,494&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;9,222&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Long-term provisions (note 10)</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,883&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,900&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Other long-term obligations </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,189&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,301&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=67% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total non-current liabilities </font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;33,900&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;33,790&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total liabilities </font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;59,135&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;57,379&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=67% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:1.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:1.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:1.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Commitments and contingencies (note 12 and note 13)</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:1.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:1.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:1.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Equity (note 6):</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=67% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Equity attributable to the equity holders of the parent </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;49,793&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;48,923&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Non-controlling interests </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;3,380&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;3,301&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=67% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total equity </font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;53,173&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;52,224&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=67% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total liabilities and equity </font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;112,308&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;109,603&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=67% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=4 valign=bottom width=100% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">The
  accompanying notes are an integral part of these condensed consolidated
  financial statements. </font></p>
  </td>
 </tr>
</table></div>


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<p align=center style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">F-</font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">1</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;"></font></p>



<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_3"></a><DIV bclPageBorder STYLE="WIDTH: 100%; PADDING-RIGHT: 5%; PADDING-LEFT: 5%">

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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;page-break-before:always;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">ARCELORMITTAL AND
SUBSIDIARIES </font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:4.5pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">Condensed Consolidated
Statements of Operations </font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">(in
millions of U.S. dollars, except share and per share data)</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">(unaudited)
</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:13.5pt;">
  <td valign=bottom width=65% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=35% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30,</font></b></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=65% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-top:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.5pt;border-top:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2014</font></b></p>
  </td>
 </tr>
<tr style="height:25.5pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Sales (including 2,417 and 3,111 of sales to related parties for
  2013 and 2014, respectively) </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;39,949&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;40,492&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:27.75pt;">
  <td valign=bottom width=65% style="background:white;height:27.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Cost of sales (including depreciation and impairment of 2,336
  and 2,011 and purchases from related parties of 635 and 655 for 2013 and
  2014, respectively) </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;height:27.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;37,708&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:27.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;height:27.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;37,517&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Gross margin </font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;2,241&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;2,975&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Selling, general and administrative expenses</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,485&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,469&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Operating income </font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;756&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,506&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:25.5pt;">
  <td valign=bottom width=65% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Income (loss) from investments in associates, joint ventures and
  other investments</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(42)&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;154&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Financing costs - net </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(1,634)&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(1,516)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Income (loss) before taxes </font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(920)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;144&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Income tax expense (note 7) </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;196&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;217&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=65% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Net income (loss) (including non-controlling interests)</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(1,116)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(73)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Net income (loss) attributable to:</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Equity holders of the parent</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(1,125)&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(153)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Non-controlling interests</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;9&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;80&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Net income (loss) (including non-controlling interests)</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(1,116)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(73)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=65% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Earnings (loss) per common share (in U.S. dollars):</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Basic </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(0.65)&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(0.09)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Diluted </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(0.65)&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(0.09)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Weighted average common shares outstanding (in millions):</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Basic </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,769&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,791&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Diluted </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,770&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,793&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=4 valign=bottom width=100% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">The
  accompanying notes are an integral part of these condensed consolidated
  financial statements. </font></p>
  </td>
 </tr>
</table></div>









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<p align=center style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">F-</font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">3</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;"></font></p>



<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_4"></a><DIV bclPageBorder STYLE="WIDTH: 100%; PADDING-RIGHT: 5%; PADDING-LEFT: 5%">

<DIV bclHeader>





<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;page-break-before:always;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">ARCELORMITTAL AND
SUBSIDIARIES </font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:4.5pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">Condensed Consolidated
Statements of Other Comprehensive Income </font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">(in
millions of U.S. dollars, except share and per share data)</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">(unaudited)
</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=51% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=5 valign=bottom width=38% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Six
  months ended June&nbsp;30,</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=51% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=18% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-top:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td colspan=2 valign=bottom width=17% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=top width=57% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Net income (loss) (including non-controlling interests) </font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;border-top:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(1,116)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;border-top:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(73)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=51% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=3 valign=bottom width=62% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Items that can be recycled to the condensed consolidated
  statements of operations</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=top width=57% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Available-for-sale investments:</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=51% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Gain (loss) arising during the period</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(114)&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;253&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:26.25pt;">
  <td valign=bottom width=5% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=51% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Reclassification adjustments for (gain) loss included in the
  condensed consolidated statements of operations</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;56&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=51% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(114)&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;309&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=top width=57% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Derivative financial instruments: </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=51% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Gain (loss) arising during the period</font></p>
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 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;39&nbsp;</font></p>
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 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;87&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:27.0pt;">
  <td valign=bottom width=5% style="background:white;height:27.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:27.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=51% style="background:white;height:27.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:27.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(132)&nbsp;</font></p>
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 <td valign=bottom width=9% style="background:white;height:27.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:27.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:27.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;5&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:27.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=51% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(93)&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;92&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:18.75pt;">
  <td valign=bottom width=5% style="background:white;height:18.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=top width=57% style="background:white;height:18.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Exchange differences arising on translation of foreign
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 <td valign=bottom width=9% style="background:white;height:18.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=9% style="background:white;height:18.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:18.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:18.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:18.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=51% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Gain (loss) arising during the period</font></p>
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 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(1,501)&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;145&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:26.25pt;">
  <td valign=bottom width=5% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=51% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Reclassification adjustments for (gain) loss included in the
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 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(10)&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(18)&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=51% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(1,511)&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;127&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=51% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:27.0pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:27.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=57% style="background:#CCFFFF;height:27.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Share of other comprehensive income (loss) related to associates
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  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:27.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:27.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:27.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:27.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:27.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=51% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Gain (loss) arising during the period</font></p>
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 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(171)&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(85)&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:26.25pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=51% style="background:#CCFFFF;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Reclassification adjustments for (gain) loss included in the
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 <td valign=bottom width=9% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(54)&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
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  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=51% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(171)&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(139)&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=51% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:26.25pt;">
  <td valign=bottom width=5% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=57% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Income tax benefit (expense) related to components of other
  comprehensive income that can be recycled to the condensed consolidated
  statements of operations</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;82&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(7)&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=51% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=top width=57% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total other comprehensive income (loss)</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(1,807)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;382&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=2 valign=bottom width=11% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=51% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=57% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total other comprehensive income (loss) attributable to:</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=57% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Equity holders of the parent </font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(1,598)&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;388&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=5% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=57% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Non-controlling interests </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(209)&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(6)&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=51% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=5% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=51% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(1,807)&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;382&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=57% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total comprehensive income (loss)</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(2,923)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;309&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=5% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=57% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total comprehensive income (loss) attributable to: </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=57% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Equity holders of the parent </font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(2,723)&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;235&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=5% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=57% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Non-controlling interests </font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(200)&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;74&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=2 valign=bottom width=57% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total comprehensive income (loss)</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;(2,923)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;309&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=51% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td colspan=8 valign=bottom width=100% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">The
  accompanying notes are an integral part of these condensed consolidated
  financial statements. </font></p>
  </td>
 </tr>
</table></div>









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<p align=center style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">F-</font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">4</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;"></font></p>



<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





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</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_5"></a><DIV bclPageBorder STYLE="WIDTH: 100%; PADDING-RIGHT: 5%; PADDING-LEFT: 5%">

<DIV bclHeader>





<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;page-break-before:always;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">ARCELORMITTAL AND
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<p align=center style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:4.5pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">Condensed Consolidated
Statements of Changes in Equity </font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">(in
millions of U.S. dollars, except share and per share data)</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">(unaudited)
</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:12.0pt;">
  <td valign=bottom width=3% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td colspan=7 valign=bottom width=25% style="background:white;border-bottom:solid black 1.5pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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<tr style="height:54.75pt;">
  <td valign=bottom width=3% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=13% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=4% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=1% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=1% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=4% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=5% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=1% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=5% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=1% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=5% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  </td>
 <td valign=bottom width=5% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td colspan=5 valign=bottom width=17% style="background:white;border-bottom:solid black 1.0pt;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=1% style="background:white;border-top:solid black 1.5pt;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.5pt;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  </td>
 <td valign=bottom width=1% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:54.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td rowspan=4 valign=bottom width=4% style="background:white;border-bottom:solid black 1.5pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td rowspan=4 valign=bottom width=5% style="background:white;border-bottom:solid black 1.5pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">Treasury
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  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td rowspan=4 valign=bottom width=5% style="background:white;border-bottom:solid black 1.5pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">Subordinated
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  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td rowspan=4 valign=bottom width=5% style="background:white;border-bottom:solid black 1.5pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">Mandatorily
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 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td rowspan=4 valign=bottom width=5% style="background:white;border-bottom:solid black 1.5pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td rowspan=4 valign=bottom width=5% style="background:white;border-bottom:solid black 1.5pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">Retained
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  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td rowspan=4 valign=bottom width=5% style="background:white;border-bottom:solid black 1.5pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">Foreign</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">currency</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">translation</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">adjustments
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  </td>
 <td valign=bottom width=1% style="background:white;border-top:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td rowspan=4 valign=bottom width=5% style="background:white;border-bottom:solid black 1.5pt;border-top:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">Unrealized
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  </td>
 <td valign=bottom width=1% style="background:white;border-top:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td rowspan=4 valign=bottom width=5% style="background:white;border-bottom:solid black 1.5pt;border-top:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">Unrealized
  gains (losses) on available-for-Sale securities </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td rowspan=4 valign=bottom width=7% style="background:white;border-bottom:solid black 1.5pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">Recognized
  actuarial losses</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td rowspan=4 valign=bottom width=5% style="background:white;border-bottom:solid black 1.5pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">Equity
  attributable to the equity holders of the parent </font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td rowspan=4 valign=bottom width=5% style="background:white;border-bottom:solid black 1.5pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">Non-controlling
  interests</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td rowspan=4 valign=bottom width=5% style="background:white;border-bottom:solid black 1.5pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  Equity</font></b></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;<sup>&#160;&nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;9,403&nbsp;</font></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(414)&nbsp;</font></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;650&nbsp;</font></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;19,082&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;26,186&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(2,244)&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(214)&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(173)&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(5,260)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;47,016&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;3,450&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;50,466&nbsp;</font></p>
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<tr style="height:11.25pt;">
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  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=13% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">Net loss (including non-controlling interests)</font></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;<sup>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(1,125)&nbsp;</font></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(1,125)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;9&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(1,116)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">Other comprehensive loss </font></p>
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 <td valign=bottom width=4% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;<sup>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(1,393)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(80)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(125)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(1,598)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(209)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(1,807)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">Total comprehensive loss </font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;<sup>
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 <td valign=bottom width=1% style="background:#CCFFFF;border-right:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=5% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(7)&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=5% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(6)&nbsp;</font></p>
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<tr style="height:12.0pt;">
  <td valign=bottom width=3% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=13% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;1,654<sup>
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 <td valign=bottom width=1% style="background:white;border-right:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=4% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;10,011&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(414)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;650&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;1,838&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;20,239&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;25,428&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(3,637)&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(294)&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=7% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:#CCFFFF;height:6.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:6.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:#CCFFFF;height:6.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:#CCFFFF;height:6.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:6.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:6.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:6.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:6.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:6.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:6.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:6.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:6.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:6.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:6.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:6.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">Balance at December&nbsp;31, 2013</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;1,654&nbsp;</font><sup><font color=black face=Arial,sans-serif style="font-size:8.0pt;"> &nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:white;border-right:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;10,011&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(414)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;650&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;1,838&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;20,248&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;24,037&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(2,910)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(324)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(105)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(3,238)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;49,793&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;3,380&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;53,173&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">Net income (loss) (including non-controlling interests)</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font><sup><font color=black face=Arial,sans-serif style="font-size:8.0pt;"> &nbsp;</font></sup></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;border-right:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(153)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(153)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;80&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(73)&nbsp;</font></p>
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<tr style="height:11.25pt;">
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 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=4% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=4% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;7&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;66&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;315&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;388&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(6)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;382&nbsp;</font></p>
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 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  </td>
 <td valign=bottom width=13% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">Total comprehensive income (loss) </font></b></p>
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 <td valign=bottom width=4% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font><sup><font color=black face=Arial,sans-serif style="font-size:8.0pt;"> &nbsp;</font></sup></p>
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 <td valign=bottom width=1% style="background:#CCFFFF;border-right:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=4% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(153)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;7&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;66&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;315&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;235&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;74&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;309&nbsp;</font></p>
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 </tr>
<tr style="height:11.25pt;">
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 <td valign=bottom width=13% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=1% style="background:white;border-right:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(650)&nbsp;</font></p>
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 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(65)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(5)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:#CCFFFF;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(70)&nbsp;</font></p>
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 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=3% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">Balance at June&nbsp;30, 2014</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;1,654<sup>
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  </td>
 <td valign=bottom width=1% style="background:white;border-right:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;10,011&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(414)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;1,838&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;20,260&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;23,108&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(2,903)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;51&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;210&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;(3,238)&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;48,923&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;3,301&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-bottom:double black 2.25pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;52,224&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=3% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=13% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">1</font></p>
  </td>
 <td colspan=5 valign=bottom width=23% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Excludes treasury shares</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">2</font></p>
  </td>
 <td colspan=5 valign=bottom width=23% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">In millions of shares</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=1% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:6.5pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:7.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=bottom width=3% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=29 valign=bottom width=97% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">The
  accompanying notes are an integral part of these condensed consolidated
  financial statements. </font></p>
  </td>
 </tr>
</table></div>


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<p align=center style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">F-</font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">5</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;"></font></p>



<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_6"></a><DIV bclPageBorder STYLE="WIDTH: 100%; PADDING-RIGHT: 5%; PADDING-LEFT: 5%">

<DIV bclHeader>





<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;page-break-before:always;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">ARCELORMITTAL AND
SUBSIDIARIES </font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:4.5pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">Condensed Consolidated
Statements of Cash Flows </font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">(in
millions of U.S. dollars, except share and per share data)</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">(unaudited)
</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:12.0pt;">
  <td valign=bottom width=72% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=28% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30,</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=72% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-top:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;border-top:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">2014</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Operating activities:</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#DAEEF3;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=72% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Net loss (including non-controlling interests) </font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(1,116)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(73)</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=top width=72% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Adjustments to reconcile net loss to net cash provided by
  operations and payments:</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Depreciation and impairment </font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2,336</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2,011</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=72% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Interest expense</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1,000</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">850</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Interest income</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(51)</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(40)</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=top width=72% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Income tax expense</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">196</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">217</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Loss/(Income) from associates, joint ventures and other
  investments</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">42</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(154)</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=72% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Provisions for labour agreements and separation plans</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">318</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">289</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Recycling of deferred (gain)/loss on raw material hedges </font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(92)</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:11.25pt;">
  <td valign=top width=72% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Unrealized foreign exchange effects, provisions and other
  non-cash operating expenses (net) </font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">342</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:11.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">92</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=top width=72% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Changes in operating assets and liabilities, net of effects from
  acquisitions:</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Trade accounts receivable </font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(982)</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(374)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=72% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Inventories </font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">442</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">380</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Trade accounts payable </font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1,263</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(56)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=72% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Interest paid</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(1,075)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(933)</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Interest received</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">38</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">69</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=72% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Cash contributions to plan assets and benefits paid for pensions
  and OPEB</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(334)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(352)</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">VAT and other amounts from public authorities</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">233</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">291</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=72% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Dividends received from associates, joint ventures and other
  investments</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">94</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">118</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Taxes paid</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(62)</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(224)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=72% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Other working capital, provision movements and other liabilities</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(535)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(1,034)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Net cash provided by operating activities </font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2,057</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1,077</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=72% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Investing activities:</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#DAEEF3;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=72% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Purchase of property, plant and equipment and intangibles </font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(1,636)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(1,649)</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Disposal of net assets of subsidiaries and non-controlling
  interests (net of cash disposed of nil and (84) for the six months ended June
  2013 and June 2014, respectively)</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">139</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">183</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=72% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Acquisition of associates and joint ventures</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(100)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(258)</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Other investing activities (net) </font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">77</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">27</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=72% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Net cash used in investing activities </font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(1,520)</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(1,697)</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=72% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Financing activities:</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Proceeds from short-term and long-term debt </font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">874</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2,945</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=72% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Payments of short-term and long-term debt </font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(3,942)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(3,318)</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Proceeds from mandatorily convertible notes</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2,222</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=72% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Common stock offering</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1,756</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Payment of subordinated perpetual capital&#160; securities</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(657)</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=72% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Dividends paid </font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(37)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(62)</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Disposal of non-controlling interests </font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1,100</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=72% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Other financing activities (net) </font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(76)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(26)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Net cash&#160; provided by (used in) financing activities </font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1,897</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(1,118)</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=72% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Net increase (decrease) in cash and cash equivalents</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2,434</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(1,738)</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=72% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Effect of exchange rate changes on cash </font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(85)</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">(127)</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#DAEEF3;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=72% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Cash and cash equivalents:</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">At the beginning of the period </font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">4,402</font></p>
  </td>
 <td valign=bottom width=4% style="background:#DAEEF3;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">6,072</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=72% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Reclassification of the period-end cash and cash equivalents to
  assets held for sale</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">7</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=72% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">At the end of the period </font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">6,751</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">4,214</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=72% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td colspan=4 valign=bottom width=100% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">The
  accompanying notes are an integral part of these condensed consolidated
  financial statements. </font></p>
  </td>
 </tr>
</table></div>


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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;page-break-before:always;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">ARCELORMITTAL AND
SUBSIDIARIES </font></b></p>

<p align=center style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:4.5pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">Notes to the Condensed
Consolidated Financial Statements for the six months ended June 30, 2014</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">(in
millions of U.S. dollars)</font></b></p>

<p align=center style="margin:0cm;margin-bottom:.0001pt;page-break-after:avoid;text-align:center;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:8.0pt;">(unaudited)
</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face=Calibri,sans-serif lang=EN-US style="font-size:8.0pt;">&nbsp;</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">NOTE 1 &#8211; BASIS OF
PRESENTATION AND ACCOUNTING POLICIES</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Preparation of the
condensed consolidated financial statements</font></i></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:4.5pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The condensed consolidated financial statements of ArcelorMittal
and Subsidiaries (&#8220;ArcelorMittal&#8221; or the &#8220;Company&#8221;) as of December 31, 2013 and
June 30, 2014 as well as for the six months ended June 30, 2013 and 2014 (the
&#8220;Interim Financial Statements&#8221;) have been prepared in accordance with
International Accounting Standard (&#8220;IAS&#8221;) No. 34, &#8220;Interim Financial
Reporting&#8221;. They should be read in conjunction with the annual consolidated
financial statements and the notes thereto in the Company&#8217;s Annual Report for
the year ended December 31, 2013, which have been prepared in accordance with
International Financial Reporting Standards (&#8220;IFRS&#8221;) as issued by the
International Accounting Standards Board (&#8220;IASB&#8221;). The Interim Financial
Statements are unaudited. They were authorized for issuance on July 31, 2014 by
the Company&#8217;s Board of Directors.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Accounting policies</font></i></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:4.5pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The Interim Financial Statements have been prepared on
a historical cost basis, except for available for sale financial assets,
derivative financial instruments and biological assets, which are measured at
fair value less cost to sell, and inventories, which are measured at the lower
of net realizable value or cost. Unless specifically described herein, the
accounting policies used to prepare the Interim Financial Statements are the
policies described in note 2 of the consolidated financial statements for the
year ended December 31, 2013. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:4.5pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On January 1, 2014, the Company implemented changes to
its organizational structure which has a greater geographical focus. The
principal benefits of the changes are to reduce organizational complexity and
layers; simplification of processes; regional synergies and taking advantage of
the scale effect within the regions. </font></p>

<p style="margin:0cm;margin-bottom:5.0pt;margin-left:0cm;margin-right:0cm;margin-top:5.0pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">As a result of the organizational changes, the Company&#8217;s reportable
segments changed to NAFTA, Brazil, Europe, ACIS and Mining. NAFTA includes the
Flat, Long and Tubular operations of the USA, Canada and Mexico. Brazil
includes the Flat operations of Brazil and the Long and Tubular operations of
Brazil and its neighboring countries including Argentina, Costa Rica, Trinidad
and Tobago and Venezuela. Europe is comprised of the Flat, Long and Tubular
operations of the European business, as well as Distribution Solutions (AMDS).
The ACIS segment is largely unchanged except the addition of some Tubular
operations and distribution activities (ArcelorMittal International). The
Mining segment remains unchanged. The changes in reportable segments are
presented in note 11.</font></p>

<p style="margin:0cm;margin-bottom:5.0pt;margin-left:0cm;margin-right:0cm;margin-top:5.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0cm;margin-bottom:5.0pt;margin-left:0cm;margin-right:0cm;margin-top:5.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Adoption
of new IFRS standards and interpretations applicable from January 1, 2014</font></b></p>

<p style="margin:0cm;margin-bottom:5.0pt;margin-left:0cm;margin-right:0cm;margin-top:5.0pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On January 1, 2014, the Company adopted the following amendments and
interpretation which did not have any material impact on the financial
statements of the Company:</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:4.5pt;page-break-after:avoid;text-indent:24.5pt;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Amendments to IAS 32 &#8220;Financial
Instruments: Presentation&#8221;, issued on December 16, 2011, clarifies the
application of the offsetting of financial assets and financial liabilities
requirement. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:4.5pt;page-break-after:avoid;text-indent:24.5pt;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Amendments to IFRS 10
&#8220;Consolidated Financial Statements&#8221;, IFRS 12 &#8220;Disclosure of Interests in Other
Entities&#8221; and IAS 27 &#8220;Separate Financial Statements&#8221;, issued on October 31,
2012, clarifies the definition and measurement of investment entities. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:4.5pt;page-break-after:avoid;text-indent:24.5pt;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On May 20, 2013, the IASB issued
IFRIC Interpretation 21 &#8220;Levies&#8221;, issued on May 20, 2013, clarifies the
recognition and measurement of levies.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:4.5pt;page-break-after:avoid;text-indent:24.5pt;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On June 27, 2013, the IASB
published Amendments to IAS 39 &#8220;Financial Instruments: Recognition and
Measurement&#8221;, issued on June 27, 2013, clarifies the treatment of hedge
accounting.</font></p>

<p style="margin:0cm;margin-bottom:5.0pt;margin-left:0cm;margin-right:0cm;margin-top:5.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0cm;margin-bottom:5.0pt;margin-left:0cm;margin-right:0cm;margin-top:5.0pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">New IFRS
standards and interpretations applicable from July 1, 2014 onward</font></b></p>

<p style="margin:0cm;margin-bottom:5.0pt;margin-left:0cm;margin-right:0cm;margin-top:5.0pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On November 21, 2013, the IASB published amendments to IAS 19 &#8220;Employee
Benefits&#8221;, which clarify the requirements that relate to how contributions from
employees or third parties that are linked to service should be attributed to
periods of service. The adoption of these amendments will not have a material
impact on the financial statements of the Company.</font></p>

<p style="margin:0cm;margin-bottom:5.0pt;margin-left:0cm;margin-right:0cm;margin-top:5.0pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On January 30, 2014, the IASB issued IFRS 14 &#8220;Regulatory Deferral
Accounts&#8221;. The aim of this standard is to enhance the comparability of
financial reporting by entities that are engaged in rate-regulated activities.
This standard is effective for annual periods beginning on or after January 1,
2016, with early application permitted. The adoption of this new standard will
not have any impact on the financial statements of the Company. </font></p>

<p style="margin:0cm;margin-bottom:5.0pt;margin-left:0cm;margin-right:0cm;margin-top:5.0pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On May 6, 2014, the IASB published amendments to IFRS 11 &#8220;Joint
Arrangements&#8221;. The amendments clarify the accounting for acquisitions of an
interest in a joint operation when the operation constitutes a business. The
amendments are </font><!-- Do not modify beyond this point! !--><a name=bcl_connect_next></a></p>
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<p align=center style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">F-</font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">9</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;"></font></p>



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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0cm;margin-bottom:5.0pt;margin-left:0cm;margin-right:0cm;margin-top:5.0pt;"><a name=bcl_connect_prev></a><!-- Do not modify before this point! !--><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">effective for annual periods beginning
on or after January 1, 2016, with early application permitted. The Company is
still in the process of assessing whether there will be any significant changes
to its financial statements upon adoption of these new amendments.</font></p>

<p style="margin:0cm;margin-bottom:5.0pt;margin-left:0cm;margin-right:0cm;margin-top:5.0pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On May 12, 2014, the IASB published amendments to IAS 16 &#8220;Property,
Plant and Equipment&#8221; and IAS 38 &#8220;Intangible Assets&#8221;. The IASB clarified that
the use of revenue-based methods to calculate the depreciation of an asset is
not appropriate because revenue generated by an activity that includes the use
of an asset generally reflects factors other than the consumption of the
economic benefits embodied in the asset. The IASB also clarified that revenue
is generally presumed to be an inappropriate basis for measuring the
consumption of the economic benefits embodied in an intangible asset. This
presumption, however, can be rebutted in certain limited circumstances. The
amendments are effective for annual periods beginning on or after January 1,
2016, with early application permitted. The Company is still in the process of
assessing whether there will be any significant changes to its financial
statements upon adoption of these new amendments.</font></p>

<p style="margin:0cm;margin-bottom:5.0pt;margin-left:0cm;margin-right:0cm;margin-top:5.0pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On May 28, 2014, the IASB issued IFRS 15 &#8220;Revenue from Contracts with
Customers&#8221; which specifies how and when to recognize revenue as well as
requiring entities to provide users of financial statements with more
informative and relevant disclosures. The standard supersedes IAS 18 'Revenue',
IAS 11 'Construction Contracts' and a number of revenue-related
interpretations. This standard is effective for annual periods beginning on or
after January 1, 2017. The Company is still in the process of assessing whether
there will be any significant changes to its financial statements upon adoption
of this new standard. </font></p>

<p style="margin:0cm;margin-bottom:5.0pt;margin-left:0cm;margin-right:0cm;margin-top:5.0pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On June 30, 2014, the IASB issued amendments to IAS 16 and IAS 41 &#8220;Agriculture&#8221;
which changes the financial reporting for bearer plants, such as grape vines,
rubber trees and oil palms. The IASB decided that bearer plants should be
accounted for in accordance with IAS 16, because their operation is similar to
that of manufacturing. Consequently, the amendments include them within the
scope of IAS 16, instead of IAS 41. The produce growing on bearer plants will
remain within the scope of IAS 41. The amendments are effective for annual
periods beginning on or after January 1, 2016, with early application
permitted. The Company is still in the process of assessing whether there will
be any significant changes to its financial statements upon adoption of these
new amendments.</font></p>

<p style="margin:0cm;margin-bottom:5.0pt;margin-left:0cm;margin-right:0cm;margin-top:5.0pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The preparation of consolidated financial statements in conformity with
IFRS recognition and measurement principles requires the use of estimates and
assumptions that affect the reported amounts of assets, liabilities, revenues
and expenses. Management reviews its estimates on an ongoing basis using
currently available information. Changes in facts and circumstances or
obtaining new information or more experience may result in revised estimates,
and actual results could differ from those estimates.</font></p>








<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">NOTE
2 &#8211; PROPERTY, PLANT AND EQUIPMENT</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">During the period ended June 30, 2014, the Company
performed a review of the useful lives of its assets and determined its
maintenance and operating practices have enabled a change in the useful lives
of plant and equipment. Maintenance practices employed have served to preserve
and extend the operating life of certain of these assets, while operating
practices in the current economic environment have also contributed to the
extension of asset useful life beyond previous estimates. The Company thus
revised the useful lives due to its determination that certain of its existing
assets have been used longer than previously anticipated and therefore, the
estimated useful lives of certain plant and equipment have been lengthened. The
previously applied useful lives and the revised ones are presented in the table
below. The Company applied this change in accounting estimate prospectively as
of January 1, 2014, in accordance with IAS 8 &#8220;Accounting Policies, Changes in
Accounting Estimates and Errors&#8221;. The reduction of depreciation charge as a
result of changes in estimated useful lives for the six months ended June 30, 2014
was approximately 350. The Company expects the depreciation charge for the
current year and future years to decrease by approximately 700 as compared to
the amounts that would have been charged if no change in estimate occurred. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:26.25pt;">
  <td valign=bottom width=29% style="background:white;border-bottom:solid black 1.5pt;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Asset Category</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="background:white;border-bottom:solid black 1.5pt;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Former
  Useful Life&nbsp;Range</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=30% style="background:white;border-bottom:solid black 1.5pt;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Revised
  Useful Life Range</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=29% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Land</font></p>
  </td>
 <td valign=top width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Not&nbsp;depreciated
  </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=30% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Not
  depreciated</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=29% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Buildings</font></p>
  </td>
 <td valign=top width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">10
  to 50 years </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=30% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">10
  to 50 years</font></p>
  </td>
 </tr>
<tr style="height:25.5pt;">
  <td valign=top width=29% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Property plant &amp; equipment</font></p>
  </td>
 <td valign=top width=6% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">15
  to 30 years </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=30% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">15
  to 50 years</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=29% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Auxiliary facilities</font></p>
  </td>
 <td valign=top width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">15
  to 30 years </font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=30% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">15
  to 40 years</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=29% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Other facilities</font></p>
  </td>
 <td valign=top width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">5
  to 20 years </font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=30% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">5
  to 20 years</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">There were no impairment charges recorded during the
six months ended June 30, 2014. Impairment charges for the six months ended
June 30, 2013 amounted to 39 and were primarily related to the closure of the
organic coating and tin plate lines in the Florange site in France, which is
part of the Europe reportable segment. </font></p>








<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">NOTE 3 &#8211; INVESTMENTS IN
ASSOCIATES, JOINT VENTURES AND OTHER INVESTMENTS</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>


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<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On April 30, 2014,
following simultaneously with the exercise by Deutsche Bank of its put option
with respect to a 7.5% stake in China Oriental Group Company Ltd (&#8220;China
Oriental&#8221;) acquired on April 30, 2008 from ArcelorMittal in connection with a
sale and purchase agreement it entered into with ArcelorMittal to restore the
restoration of the public float of China Oriental on the Hong Kong Stock
Exchange (&#8220;HKSE&#8221;), the Company sold this investment to Macquarie Bank and
entered into a put option arrangement with the latter maturing on April 30,
2015. The Company extended the existing put option agreement with ING in
relation to a further 9.9% stake in China Oriental for one year. Accrued
expenses and other liabilities and prepaid expenses and other current assets
decreased by 312 as a result of these changes. The Company has not derecognized
the 17.4% stake in respect of China Oriental as it has retained its exposure to
that the significant risk and rewards of the investment through the put
options.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On February 8, 2014, the Company&#8217;s interest in the
associate Hunan Valin Steel Tube and Wire Co. Ltd. (&#8220;Hunan Valin&#8221;) decreased
from 20% to 15% following the exercise of the third put option granted by Hunan
Valin Iron &amp; Steel Group Co, Ltd. Accordingly, the Company discontinued the
accounting for its investment under the equity method and reclassified its
interest as available-for-sale within other investments in the statement of
financial position. The resulting loss on disposal was recorded as income (loss)
from investments in associates, joint ventures and other investments and
amounted to 76. This amount consisted of a gain of 13 on disposal of the 5%
stake and the reclassification of the accumulated positive foreign exchange
translation difference from other comprehensive income to the statements of
operations of 61, offset by a loss of 150 with respect to the remeasurement at
fair value of the remaining interest of 15%. As of June 30, 2014, the fair
value and the other comprehensive income related to Hunan Valin investment were
141 and 5, respectively. The Company also recognized a gain of 64 in relation
to the fourth and last put option with an exercise date August 6, 2014, which
is a level 2 financial instrument with a carrying value of 64 as of June 30,
2014. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On February 26, 2014, the
Company together with Nippon Steel &amp; Sumitomo Metal Corporation (&#8220;NSSMC&#8221;)
completed the acquisition of ThyssenKrupp Steel USA (&#8220;TK Steel USA&#8221;), a steel
processing plant in Calvert, Alabama, USA, for a total consideration of 1,550
financed through a combination of debt at entity level and equity, of which 258
was paid by ArcelorMittal. The Company concluded that it has joint control of
the arrangement, AM/NS Calvert (&#8220;Calvert&#8221;), together with NSSMC and accounted
for its 50% interest in the joint venture under the equity method. The
transaction includes a six-year agreement to purchase two million tonnes of
slab annually from TK CSA, an integrated steel mill complex located in Rio de
Janeiro, Brazil, using a market-based price formula. TK CSA has an option to
extend the agreement for an additional three years on terms that are more
favorable to the joint venture, as compared with the initial time period. The
remaining slab balance will be sourced from ArcelorMittal plants in the US,
Brazil and Mexico. ArcelorMittal will be principally responsible for marketing
the product on behalf of the joint venture. The price ArcelorMittal will
receive for its slabs will be determined by the volume, price and cost
performance of the joint venture. The carrying amount and the net income of
Calvert were 297 as of June 30, 2014 and 33 for the six months ended June 30,
2014, respectively. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The Company concluded that its investment in Ere&#287;li
Demir ve &#199;elik Fabrikalari T.A.S. (&#8220;Erdemir&#8221;) experienced a prolonged decline
in fair value that remained continuously below cost for more than two years.
Accordingly, it recorded an impairment charge of 56 in income from investments
in associates, joint ventures and other investments. Following the subsequent
increase in the fair value of Erdemir, the Company recorded a revaluation gain
of 213 in other comprehensive income at June 30, 2014. </font></p>








<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">NOTE 4 &#8211; INVENTORIES</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </font><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Inventory,
net of the allowance for slow-moving inventory, excess of cost over net
realizable value and obsolescence as of December 31, 2013 and June 30, 2014, is
comprised of the following:</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:26.25pt;">
  <td valign=bottom width=56% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid black 1.5pt;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">December&nbsp;31,&nbsp;</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:white;border-bottom:solid black 1.5pt;height:26.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">June&nbsp;30,&nbsp;</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2014</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=56% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Finished products </font></p>
  </td>
 <td valign=bottom width=21% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">6,523</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">6,857</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=56% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Production in process </font></p>
  </td>
 <td valign=bottom width=21% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">4,350</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">4,054</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=56% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Raw materials </font></p>
  </td>
 <td valign=bottom width=21% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">6,590</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">5,896</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=top width=56% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Manufacturing supplies, spare parts and other </font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,777</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=18% style="background:white;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,820</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=56% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total </font></b></p>
  </td>
 <td valign=bottom width=21% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">19,240</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=18% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">18,627</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The
amount of write-downs of inventories to net realizable value recognized as an
expense was 447 and 363 during the six months ended June 30, 2013 and 2014,
respectively.</font></p>








<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">NOTE 5 &#8211; ASSETS
AND LIABILITIES HELD FOR SALE</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">On July 10, 2014, the Company signed an agreement to
sell its wholly-owned subsidiary Circuit Foil Luxembourg, which manufactures
electrodeposited copper foils for the electronics industry, and certain of its
subsidiaries (&#8220;Circuit Foil&#8221;) to Doosan Corporation, a South Korean
conglomerate. Accordingly, the related assets and liabilities were classified
as held for sale at June 30, 2014. The agreed cash consideration amounts to 50.
Circuit Foil was included in the Europe reportable segment. </font></p>


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<p align=center style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">F-</font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">11</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;"></font></p>



<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
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<DIV bclHeader>





<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">On June 30, 2014,
ArcelorMittal completed the sale of its 78% stake in the European port handling
and logistics company ATIC Services S.A. (&#8220;ATIC&#8221;) for &#8364;155 million (144 net of
cash of 68 disposed of) to H.E.S. Beheer, who held the remaining 22%
non-controlling interest. ATIC was part of the Europe reportable segment. </font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">On May 30, 2014, the Company completed the disposal of
its 50% stake in the joint venture Kiswire ArcelorMittal Ltd. (&#8220;Kiswire&#8221;) in
South Korea and certain other entities of its steel cord business in the US,
Europe and Asia to Kiswire Ltd. These various entities were part of the Europe
reportable segment. On the closing date, the Company received a preliminary
cash consideration of 55 (39 net of cash of 16 disposed of) subject to revision
upon final determination of net debt and working capital situation on closing
date. The existing intra group debt of the sold subsidiaries of 102 was assumed
by Kiswire and will be repaid at the latest during the first half of 2015.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">On April 30, 2014, the Company completed the extension
of its partnership with Bekaert Group (&#8220;Bekaert&#8221;) in Latin America to Costa
Rica and Ecuador. It transferred 73% of the wire business of ArcelorMittal
Costa Rica and its 55% interest in Cimaf Cabos, a cable business in Osasco (S&#227;o
Paulo) Brazil, previously a branch of Belgo Bekaert Arames (&#8220;BBA&#8221;), to Bekaert.
ArcelorMittal acquired a 27% non-controlling interest in the Ideal Alambrec
Ecuador plant controlled by Bekaert. The two transferred businesses were part
of the Brazil reportable segment. </font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">The result on disposal for the above mentioned disposals was
immaterial. The aggregate net assets disposed of amounted to 198.</font></p>








<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">NOTE 6 &#8211; EQUITY</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Share capital</font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Following
the completion of an offering of ordinary shares on January 14, 2013,
ArcelorMittal increased share capital by &#8364;455 (608) from &#8364;6,428 (9,403) to
&#8364;6,883 (10,011) through the issuance of 104,477,612 new shares fully paid up.
The aggregate number of shares issued and fully paid up increased to
1,665,392,222. The ordinary shares do not have a nominal value.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Authorized share capital</font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.0pt;">At the Extraordinary General Meeting
held on May 8, 2013, the shareholders approved an increase of the authorized
share capital of ArcelorMittal by &#8364;524 million represented by 223 million
shares, or approximately 8% of ArcelorMittal&#8217;s outstanding capital. Following
this approval, which is valid for five years, the total authorized share
capital was &#8364;8.2 billion represented by 1,996 million shares without nominal
value. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Treasury shares</font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">ArcelorMittal
held, indirectly and directly, approximately 11.8 million and 11.8 million
treasury shares as of December 31, 2013 and June 30, 2014, respectively.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Dividends</font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The
dividend for the full year of 2014 amounted to 333 and was paid on July 15, 2014.
For the six months ended June 30, 2013, dividend payments of 332 were made on July
15, 2013. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Option premium
on USD&#160; convertible bonds</font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The
Company reclassified from reserves to retained earnings premiums paid for an
amount of 435 (309 net of tax) with respect to expired USD denominated call
options on treasury shares acquired on December 18, 2010 in order to hedge its
obligations arising from the potential conversion of the 800 Convertible Senior
Notes into ArcelorMittal shares.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Mandatorily
convertible notes</font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On January 16, 2013, ArcelorMittal issued mandatorily
convertible subordinated notes (&#8220;MCNs&#8221;) with net proceeds of 2,222. The notes
have a maturity of 3 years, were issued at 100% of the principal amount and are
mandatorily converted into ordinary shares of ArcelorMittal at maturity unless
converted earlier at the option of the holders or ArcelorMittal or upon
specified events in accordance with the terms of the MCNs. The MCNs pay a
coupon of 6.00% per annum, payable quarterly in arrears. The minimum conversion
price of the MCNs was set at $16.75, corresponding to the placement price of
shares in the concurrent ordinary shares offering as described above, and the
maximum conversion price was set at approximately 125% of the minimum
conversion price (corresponding to $20.94). The minimum and maximum conversion
prices are subject to adjustment upon the occurrence of certain events, and
were, as of June 30, 2014, $16.28 and $20.36, respectively. The Company
determined the notes met the definition of a compound financial instrument and
as such determined the fair value of the financial liability </font><!-- Do not modify beyond this point! !--><a name=bcl_connect_next></a></p>
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<p align=center style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">F-</font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">12</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;"></font></p>



<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;"><a name=bcl_connect_prev></a><!-- Do not modify before this point! !--><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">component of the bond was 384 on the date of issuance and
recognized it as long-term obligation. The value of the equity component of
1,838 was determined based upon the difference of the cash proceeds received
from the issuance of the bond and the fair value of the financial liability
component on the date of issuance and is included in equity.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Subordinated
perpetual capital securities</font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;text-indent:36.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">On
September 28, 2012, the Company issued subordinated perpetual capital securities
for a nominal amount of 650 and a coupon of 8.75%, which was to be reset
periodically over the life of the securities. As the Company had no obligation
to redeem the securities and the coupon payment was to be deferred by the
Company under certain circumstances, it classified the net proceeds from the
issuance of subordinated perpetual capital securities (642 net of transaction
costs) as equity. Coupon payments to holders of subordinated perpetual capital
securities for the six month periods ended June 30, 2013 and 2014 were 28 and
22, respectively.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;text-indent:36.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">On
February 20, 2014, ArcelorMittal redeemed all of its outstanding 650
subordinated perpetual capital securities following the occurrence of a
&#8220;Ratings Agency Event&#8221;, as defined in the terms of the securities.&nbsp; The
notes were redeemed for 657, at a redemption price of 101% of the principal
amount, plus accrued interest of 22.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Mandatory
convertible bonds</font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:27.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:27.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On January 17, 2014, the conversion date of the 1,000
mandatory convertible bonds was extended from January 31, 2014 to January 29,
2016. The Company determined that this transaction led to the extinguishment of
the existing compound instrument and the recognition of a new compound
instrument including non-controlling interests for 902 (net of tax and fees) and
debt for 91. The difference between the carrying amount of the previous
instrument and the fair value of the new instrument amounted to 49 and was
recognized as financing costs in the consolidated statements of operations.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:27.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>








<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">NOTE 7 &#8211; INCOME TAX</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:5.0pt;margin-left:0cm;margin-right:0cm;margin-top:5.0pt;text-indent:36.0pt;"><font color=black face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">The tax expense for the period is based on
an estimated annual effective rate, which requires management to make its best
estimate of annual pre-tax income for the year. During the year, management
regularly updates its estimates based on changes in various factors such as
geographical mix of operating profit, prices, shipments, product mix, plant
operating performance and cost estimates, including labor, raw materials,
energy and pension and other postretirement benefits.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:36.0pt;"><font color=black face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">The income tax expense was 196
and 217 for the six months ended June 30, 2013 and 2014, respectively. </font></p>








<p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif lang=EN-GB style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">NOTE 8 &#8211; SHORT-TERM AND
LONG-TERM DEBT</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Short-term
debt, including the current portion of long-term debt, consisted of the
following:</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:24.75pt;">
  <td valign=bottom width=12% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=57% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.5pt;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">December&nbsp;31,&nbsp;</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">June&nbsp;30,&nbsp;</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=57% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Short-term bank loans and other credit facilities including
  commercial paper<sup>*</sup></font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;545&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,581&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=57% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Current portion of long-term debt <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;3,491&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;2,059&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=12% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=57% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Lease obligations <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;56&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;62&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=57% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Total<sup> &nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:double black 2.25pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;4,092&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:double black 2.25pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;3,702&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=57% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td valign=top width=12% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">*</font></p>
  </td>
 <td colspan=4 valign=top width=88% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">The weighted average interest rate on short term borrowings
  outstanding were 4.1% and 5.6% as of December 31, 2013 and June 30, 2014,
  respectively.</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:5.0pt;text-indent:36.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Short-term
bank loans and other credit facilities include short-term loans, overdrafts and
commercial paper. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:9.0pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">During the six months ended June 30, 2014,
ArcelorMittal entered into short-term committed bilateral credit facilities
totaling approximately $0.9 billion. As of June 30, the facilities remain fully
available.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:36.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:9.0pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On June 10, 2014, ArcelorMittal entered into a new
bank loan for an amount of $1 billion. The credit institution has the right to
demand repayment of the loan once per year, starting February 2015, until the
final maturity date on April 20, 2017. Accordingly, the loan was classified as
current liabilities.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>


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<p align=center style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">F-</font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">13</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;"></font></p>



<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:36.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The Company&#8217;s
long-term debt consisted of the following:</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:24.75pt;">
  <td valign=bottom width=5% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Year
  of maturity</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Type
  of interest</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Interest
  rate<sup>1</sup></font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">December&nbsp;31,</font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;2013&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">June&nbsp;30,
  2014</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Corporate<sup> &nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">3.6 billion Revolving Credit Facility<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2016</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Floating</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2.4 billion Revolving Credit Facility</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;"> &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2018</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Floating</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#8364;1.25 billion Convertible Bonds<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2014</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">7.25%<sup>
  &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1,692&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">800 Convertible Senior Notes</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;"> &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2014</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">5.00%</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">
  &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;780&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#8364;0.1 billion Unsecured Bonds<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2014</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">5.50%<sup>
  &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;138&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;137&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#8364;0.36 billion Unsecured Bonds</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;"> &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2014</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">4.63%</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">
  &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;497&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;492&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">750 Unsecured Notes<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2015</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">9.50%<sup>
  &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;747&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;749&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1.0 billion Unsecured Bonds</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;"> &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2015</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">4.25%</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">
  &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;996&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;997&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">500 Unsecured Notes<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2015</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">4.25%<sup>
  &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;499&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;499&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">500 Unsecured Notes</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;"> &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2016</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">4.25%</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">
  &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;498&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;499&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#8364;1.0 billion Unsecured Bonds<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2016</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">10.63%<sup>
  &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1,373&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1,361&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#8364;1.0 billion Unsecured Bonds</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;"> &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2017</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">5.88%</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">
  &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1,371&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1,359&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1.4 billion Unsecured Notes<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2017</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">5.00%<sup>
  &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1,394&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1,395&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1.5 billion Unsecured Notes</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;"> &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2018</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">6.13%</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">
  &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1,500&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1,500&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#8364;0.5 billion Unsecured Notes<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2018</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">5.75%<sup>
  &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;686&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;679&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1.5 billion Unsecured Notes</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;"> &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2019</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">10.35%</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">
  &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1,471&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1,473&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#8364;750 billion Unsecured Bonds<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2019</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">3.00%<sup>
  &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1,016&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1.0 billion Unsecured Bonds</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;"> &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2020</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">5.75%</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">
  &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;986&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;987&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1.5 billion Unsecured Notes<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2021</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">6.00%<sup>
  &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1,487&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1,488&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1.1 billion Unsecured Notes</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;"> &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2022</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">6.75%</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">
  &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1,089&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1,089&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1.5 billion Unsecured Bonds<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2039</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">7.50%<sup>
  &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1,465&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1,465&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1.0 billion Unsecured Notes</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;"> &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2041</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">7.25%</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">
  &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;983&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;983&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Other loans<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2014-2021</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">3.46%-3.75%<sup>
  &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;77&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;69&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">EBRD loans</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;"> &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2015</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Floating</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1.24%</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">
  &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;25&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;17&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">EIB loan<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2016</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Floating</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">1.71%<sup>
  &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;345&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;341&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">300 Term Loan Facility</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;"> &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2016</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Floating</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2.08%</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">
  &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;300&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">ICO loan<sup> &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2017</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Floating</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2.83%<sup>
  &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;68&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;57&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Other loans</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;"> &nbsp;</font></b></sup></p>
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 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2015-2035</font></p>
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 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Floating</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">0.00%-2.47%</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">
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  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;177&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;160&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Total Corporate <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;20,344&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;19,112&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
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 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
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 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
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 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=28% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">600 Senior Unsecured Notes</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;"> &nbsp;</font></b></sup></p>
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 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2014</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">6.50%</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">
  &nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;188&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td valign=bottom width=5% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Other loans <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2014-2026</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed/</font></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Floating</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">0.78%-15.08%<sup>
  &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;448&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;366&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Total Americas </font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></sup></p>
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 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
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 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;636&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;366&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Europe, Asia&nbsp;&amp; Africa<sup> &nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td valign=bottom width=5% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Other loans <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2014-2025</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Fixed/</font></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Floating</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">0.00%-13.75%<sup>
  &nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;31&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;46&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Total Europe, Asia&nbsp;&amp; Africa </font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;31&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;46&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Total<sup> &nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;21,011&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;19,524&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Less current portion of long-term debt <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;(3,491)&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;(2,059)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Total long-term debt (excluding lease obligations) <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;17,520&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;17,465&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=5% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Lease obligations <sup>2</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font><sup><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></sup></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;699&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;667&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Total long-term debt, net of current portion<sup> &nbsp;</sup></font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:double black 2.25pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;18,219&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:double black 2.25pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;18,132&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=5% style="background:white;border-bottom:solid black 1.0pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=28% style="background:white;border-bottom:solid black 1.0pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">1</font></p>
  </td>
 <td colspan=10 valign=bottom width=95% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Rates applicable to balances outstanding at June&nbsp;30, 2014.</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2</font></p>
  </td>
 <td colspan=10 valign=bottom width=95% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Net of current portion of 56 and 62 as of December 31, 2013 and
  June 30, 2014, respectively. </font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>


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<p align=center style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">F-</font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">14</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;"></font></p>



<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;"><b><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Corporate
</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">3.6 billion Revolving
Credit Facility </font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">On March 18, 2011, ArcelorMittal entered into a $6
billion facility, a syndicated revolving credit facility which may be utilized
for general corporate purposes and which matures in 2016. On November 26, 2013,
the facility was amended and reduced to $3.6 billion. As of June 30, 2014, the
$3.6 billion Revolving Credit Facility remains fully available.&#160; </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">2.4 billion Revolving
Credit Facility </font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;text-autospace:ideograph-other;">On May 6, 2010, ArcelorMittal entered into a $4
billion facility, a syndicated revolving credit facility which may be utilized
for general corporate purposes. On November 26, 2013, the facility was amended
and reduced to $2.4 billion and the maturity date extended to November 6, 2018.
As of June 30, 2014, the $2.4 billion Revolving Credit Facility remains fully
available. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;"><b><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Bonds</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On March 25, 2014,
ArcelorMittal completed the offering of &#8364;750 million 3% Notes due March 25,
2019 issued under the &#8364;3 billion wholesale Euro Medium Term Notes Programme.
The proceeds of the issuance were used for general corporate purposes.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">On April 1, 2014,
at maturity, ArcelorMittal repaid its &#8364;1.25 billion 7.25% unsecured and
unsubordinated Convertible bonds. Additional information on the call options on
the &#8364;1.25 billion Convertible bonds is set forth in Note 9.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">On April 15, 2014,
at maturity, ArcelorMittal repaid the remaining outstanding amount of 188.5 of
its 600 6.50% Unsecured Notes. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">On May 15, 2014, at
maturity, ArcelorMittal repaid its 800 5.00% unsecured and unsubordinated
Convertible Senior Notes. Additional information on the call options on the 800
Convertible Senior Notes is set forth in Note 6.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On July 4, 2014, ArcelorMittal
completed the offering of &#8364;600 million 2.875% Notes due July 6, 2020 issued
under the &#8364;3 billion wholesale Euro Medium Term Notes Programme. The proceeds
of the issuance were used for general corporate purposes.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Other </font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:9.0pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On December 20, 2013, ArcelorMittal entered into a
term loan facility in an aggregate amount of 300, with a final repayment date on December 20, 2016. The facility may be used by the
Group for general corporate purposes and
amounts repaid under the agreement may
not be re-borrowed</font><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">. </font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">As of June 30, 2014,
the term loan facility was fully drawn.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:4.5pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Certain debt agreements of the Company or its
subsidiaries contain certain restrictive covenants. Among other things, these
covenants limit encumbrances on the assets of ArcelorMittal and its
subsidiaries, the ability of ArcelorMittal&#8217;s subsidiaries to incur debt and
ArcelorMittal&#8217;s ability to dispose of assets in certain circumstances. Certain
of these agreements also require compliance with a financial covenant. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:4.5pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The Company&#8217;s principal credit facilities (2.4 billion
Revolving Credit Facility, 3.6 billion Revolving Credit Facility and certain
borrowing agreements) include the following financial covenant: the Company
must ensure that the ratio of &#8220;Consolidated Total Net Borrowings&#8221; (consolidated
total borrowings less consolidated cash and cash equivalents) to &#8220;Consolidated
EBITDA&#8221; (the consolidated net pre-taxation profits of the Company for a
Measurement Period, subject to certain adjustments as defined in the
facilities) does not, at the end of each &#8220;Measurement Period&#8221; (each period of
12 months ending on the last day of a financial half-year or a financial year
of the Company), exceed a certain ratio, currently 4.25 to 1 and 3.5 to 1
depending on the borrowing agreement.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:9.0pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The Company was in compliance with the financial
covenants contained in the agreements related to all of its borrowings as of
June 30, 2014.</font></p>








<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:28.0pt;"><b><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">NOTE 9 &#8211; FINANCIAL INSTRUMENTS</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:4.5pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The Company enters into derivative financial
instruments to manage its exposure to fluctuations in interest rates, exchange
rates and the price of raw materials, energy and emission rights allowances
arising from operating, financing and investment activities. </font></p>

<p style="margin-bottom:.0001pt;margin-left:12.2pt;margin-right:0cm;margin-top:13.5pt;page-break-after:avoid;"><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">Fair values versus carrying amounts
</font></i></b></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:4.5pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">The estimated fair values of certain financial
instruments have been determined using available market information or other
valuation methodologies that require judgment in interpreting market data and
developing estimates. The following tables summarize assets and liabilities
based on their categories at June 30, 2014.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>


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 <tr style="height:12.0pt;">
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  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:50.25pt;">
  <td valign=bottom width=24% style="background:white;height:50.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.5pt;height:50.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Carrying amount
  in statements of financial position</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:50.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.5pt;height:50.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Non-financial
  assets and liabilities</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:50.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.5pt;height:50.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Loan and
  receivables</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:50.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:50.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Liabilities at
  amortized cost</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:50.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.5pt;height:50.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Fair value
  recognized in profit or loss</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:50.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid black 1.5pt;height:50.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Available-for-sale
  assets</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:50.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:50.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Derivatives</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">ASSETS</font></b></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=7% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Current assets:</font></b></p>
  </td>
 <td valign=top width=11% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=7% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Cash and cash equivalents </font></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;4,214&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;4,214&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=7% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
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 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Restricted cash </font></p>
  </td>
 <td valign=top width=11% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;190&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;190&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=7% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
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 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Trade accounts receivable and other </font></p>
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 <td valign=top width=11% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;5,260&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;5,260&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=7% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Inventories </font></p>
  </td>
 <td valign=top width=11% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;18,627&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;18,627&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=7% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
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 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Prepaid expenses and other current assets </font></p>
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 <td valign=top width=11% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;3,122&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,778&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,138&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=7% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;206&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=24% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Assets held for sale</font></p>
  </td>
 <td valign=top width=11% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;125&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;125&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=7% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Total current assets </font></b></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;31,538&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;20,530&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;10,802&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=7% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;206&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=11% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=top width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=7% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Non-current assets:</font></b></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=7% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Goodwill and intangible assets </font></p>
  </td>
 <td valign=top width=11% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;8,753&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;8,753&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=7% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Biological assets</font></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;136&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;136&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=7% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Property, plant and equipment </font></p>
  </td>
 <td valign=top width=11% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;50,699&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;50,699&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=7% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Investments in associates and joint ventures </font></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;6,948&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;6,948&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=7% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Other investments </font></p>
  </td>
 <td valign=top width=11% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,136&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=7% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,136&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Deferred tax assets </font></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;8,972&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;8,972&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=7% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=24% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Other assets </font></p>
  </td>
 <td valign=top width=11% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,421&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;506&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;816&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=7% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;99&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=24% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Total non-current assets </font></b></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;78,065&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;75,878&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;816&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;136&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=7% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,136&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;99&nbsp;</font></b></p>
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 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=24% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Total assets </font></b></p>
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 <td valign=top width=11% style="background:white;border-bottom:double black 2.25pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;109,603&nbsp;</font></b></p>
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 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
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 <td valign=top width=10% style="background:white;border-bottom:double black 2.25pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;96,408&nbsp;</font></b></p>
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 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
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 <td valign=top width=8% style="background:white;border-bottom:double black 2.25pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;11,618&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% style="background:white;border-bottom:double black 2.25pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% style="background:white;border-bottom:double black 2.25pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;136&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=7% style="background:white;border-bottom:double black 2.25pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,136&nbsp;</font></b></p>
  </td>
 <td valign=top width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% style="background:white;border-bottom:double black 2.25pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;305&nbsp;</font></b></p>
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 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=24% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=10% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=10% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=7% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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<tr style="height:12.0pt;">
  <td valign=bottom width=24% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">LIABILITIES AND EQUITY</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
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 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
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 <td valign=bottom width=8% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
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 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
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 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
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 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Current liabilities:</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=24% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Short-term debt and current portion of long-term
  debt </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;3,702&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;3,702&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Trade accounts payable and other </font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;12,494&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;12,494&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=24% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Short-term provisions </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,125&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,103&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;22&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Accrued expenses and other liabilities </font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;6,070&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,410&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;4,567&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;93&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=24% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Income tax liabilities </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;156&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;156&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=24% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Liabilities held for sale</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;42&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;42&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Total current liabilities </font></b></p>
  </td>
 <td valign=top width=11% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;23,589&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;2,711&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;20,785&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;93&nbsp;</font></b></p>
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<tr style="height:12.0pt;">
  <td valign=bottom width=24% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=8% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=7% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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<tr style="height:12.0pt;">
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 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=8% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
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<tr style="height:12.0pt;">
  <td valign=bottom width=24% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Long-term debt, net of current portion&#160; </font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;18,132&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;18,132&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Deferred tax liabilities </font></p>
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 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;3,235&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;3,235&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=24% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Deferred employee benefits </font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;9,222&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;9,222&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Long-term provisions </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,900&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,877&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;23&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=24% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Other long-term obligations </font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;1,301&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;412&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;887&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Total non-current liabilities </font></b></p>
  </td>
 <td valign=top width=11% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;33,790&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;14,746&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;19,042&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;2&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=24% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=top width=24% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Equity:</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.0pt;">
  <td valign=bottom width=24% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Equity attributable to the equity holders of the
  parent </font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;48,923&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;48,923&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:12.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=24% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Non-controlling interests </font></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;3,301&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;3,301&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=24% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Total equity </font></b></p>
  </td>
 <td valign=top width=11% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;52,224&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;52,224&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=10% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=24% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">Total liabilities and equity </font></b></p>
  </td>
 <td valign=top width=11% style="background:white;border-bottom:double black 2.25pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;109,603&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;border-bottom:double black 2.25pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;69,681&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:double black 2.25pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;border-bottom:double black 2.25pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;39,827&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;border-bottom:double black 2.25pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-bottom:double black 2.25pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=2% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;border-bottom:double black 2.25pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;95&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:9.0pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:normal;">The following tables summarize the bases used to
measure certain assets and liabilities at their fair value. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:4.5pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:15.75pt;">
  <td valign=bottom width=40% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">As of December&nbsp;31, 2013</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=bottom width=40% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Level&nbsp;1</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Level&nbsp;2</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Level&nbsp;3</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Total</font></b></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=40% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Assets at fair value:</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=40% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Available-for-sale financial assets</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;522&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;522&nbsp;</font></p>
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<tr style="height:15.0pt;">
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  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Derivative financial
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 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></p>
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 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;64&nbsp;</font></p>
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 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=40% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Derivative financial non-current assets</font></p>
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 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;7&nbsp;</font></p>
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 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;7&nbsp;</font></p>
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<tr style="height:15.75pt;">
  <td valign=top width=40% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Total assets at fair value</font></p>
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 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;522&nbsp;</font></p>
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 <td valign=bottom width=4% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;71&nbsp;</font></p>
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 <td valign=bottom width=4% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;593&nbsp;</font></p>
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<tr style="height:15.75pt;">
  <td valign=top width=40% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Liabilities at fair value:</font></b></p>
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 <td valign=bottom width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
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<tr style="height:15.0pt;">
  <td valign=top width=40% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Derivative financial current liabilities</font></p>
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 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;206&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;206&nbsp;</font></p>
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<tr style="height:15.0pt;">
  <td valign=top width=40% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Derivative financial non-current liabilities</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1&nbsp;</font></p>
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 </tr>
<tr style="height:15.75pt;">
  <td valign=top width=40% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Total liabilities at fair value</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;207&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;207&nbsp;</font></p>
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 </tr>
<tr style="height:15.75pt;">
  <td valign=bottom width=40% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
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 <td valign=bottom width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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<tr style="height:15.75pt;">
  <td valign=bottom width=40% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=4% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
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 <td valign=bottom width=4% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
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 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
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 </tr>
<tr style="height:15.75pt;">
  <td valign=bottom width=40% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Level&nbsp;1</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Level&nbsp;2</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Level&nbsp;3</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.5pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Total</font></b></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=40% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Assets at fair value:</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=40% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Available-for-sale financial assets</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;919&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;919&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=40% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Derivative financial current assets</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;206&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;206&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=40% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Derivative financial non-current assets</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;16&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;83&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;99&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=top width=40% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Total assets at fair value</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;919&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;222&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;83&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1,224&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=top width=40% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Liabilities at fair value:</font></b></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=40% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Derivative financial current liabilities</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;93&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;93&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=top width=40% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Derivative financial non-current liabilities</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;2&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;2&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=top width=40% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Total liabilities at fair value</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;95&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=12% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;95&nbsp;</font></p>
  </td>
 </tr>
</table></div>


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<p align=center style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">F-</font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">16</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;"></font></p>



<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:9.0pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&#160;Available-for-sale financial assets classified as
Level 1 refer to listed securities quoted in active markets. A quoted market price in an active market provides the
most reliable evidence of fair value and is used without adjustment to measure
fair value whenever available, with limited exceptions. The total fair value is either the price of the most
recent trade at the time of the market close or the official close price as
defined by the exchange on which the asset is most actively traded on the last
trading day of the period, multiplied by the number of units held without consideration
of transaction costs. The increase in the available-for-sale financial assets is
related to the reclassification of Hunan Valin under this account following the
decrease in the Company&#8217;s stake in February 2014, and an increase in the share
price of Erdemir.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:9.0pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Derivative financial assets and liabilities classified
as Level 2 refer to instruments to hedge fluctuations in interest rates,
foreign exchange rates, raw materials (base metal), freight, energy, emission
rights and equity. The total fair value is based on the price a dealer would
pay or receive for the security or similar securities, adjusted for any terms
specific to that asset or liability. Market inputs are obtained from
well-established and recognized vendors of market data and the fair value is
calculated using standard industry models based on significant observable
market inputs such as foreign exchange rates, commodity prices, swap rates and
interest rates. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:9.0pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Derivative financial assets classified as Level 3
refer to the call option on the 1,000 mandatory convertible bonds. The fair
valuation of Level 3 derivative instruments is established at each reporting
date in relation to which an analysis is performed in respect of changes in the
fair value measurement since the last period. ArcelorMittal&#8217;s valuation
policies for Level 3 derivatives are an integral part of its internal control
procedures and have been reviewed and approved according to the Company&#8217;s
principles for establishing such procedures. In particular, such procedures
address the accuracy and reliability of input data, the accuracy of the
valuation model and the knowledge of the staff performing the valuations. </font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:9.0pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">ArcelorMittal establishes the fair valuation of the
1,000 mandatory convertible bonds (&#8220;MCB&#8221;) through the use of binomial valuation
models. Binomial valuation models use an iterative procedure to price options,
allowing for the specification of nodes, or points in time, during the time
span between the valuation date and the option&#8217;s expiration date. In contrast
to the Black-Scholes model, which provides a numerical result based on inputs,
the binomial model allows for the calculation of the asset and the option for
multiple periods along with the range of possible results for each period. On
January 17, 2014, the Company extended the conversion date of the mandatory
convertible bonds and the maturity date of the call option on the mandatory
convertible bonds from January 31, 2014, to January 29, 2016.</font></p>


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<p align=center style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">F-</font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">17</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;"></font></p>



<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:9.0pt;page-break-after:avoid;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Observable input
data used in the valuations include zero coupon yield curves, stock market
prices, European Central Bank foreign exchange fixing rates and Libor interest
rates. Unobservable inputs are used to measure fair value to the extent that
relevant observable inputs are not available. Specifically the Company computes
unobservable volatility data based mainly on the movement of stock market
prices observable in the active market over 90 working days.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:9.0pt;page-break-after:avoid;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The following table summarizes the
reconciliation of the fair value of the call option on the 1,000 mandatory
convertible bonds as of December&nbsp;31, 2013 and June 30, 2014: </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:48.75pt;">
  <td valign=bottom width=30% style="background:white;height:48.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td width=11% style="background:white;border-bottom:solid black 1.5pt;height:48.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#8364;1.25
  billion convertible bond</font></b></p>
  </td>
 <td width=4% style="background:white;height:48.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td width=16% style="background:white;border-bottom:solid black 1.5pt;height:48.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Euro-denominated
  call option on Treasury shares</font></b></p>
  </td>
 <td width=4% style="background:white;height:48.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td width=17% style="background:white;border-bottom:solid black 1.5pt;height:48.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Call
  option on 1,000 mandatory convertible bonds </font></b></p>
  </td>
 <td width=4% style="background:white;height:48.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:48.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td width=11% style="background:white;border-bottom:solid black 1.5pt;height:48.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Total</font></b></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=30% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Balance as of December 31, 2012</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;(25)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;25&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;12&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;12&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=30% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Change in fair value</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;14&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;(14)&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;(11)&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;(11)&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=bottom width=30% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Balance as of June 30, 2013</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:double black 2.25pt;border-top:solid black 1.0pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;(11)&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:white;border-bottom:double black 2.25pt;border-top:solid black 1.0pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;11&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:double black 2.25pt;border-top:solid black 1.0pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:double black 2.25pt;border-top:solid black 1.0pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;1&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=bottom width=30% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Balance as of December 31, 2013</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">-</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">-</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">-</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">-</font></b></p>
  </td>
 </tr>
<tr style="height:24.75pt;">
  <td valign=bottom width=30% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Balance of MCB call option as of January 17, 2014 (extension)</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;32&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:white;height:24.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;32&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=30% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Change in fair value</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">-</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=17% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;51&nbsp;</font></p>
  </td>
 <td valign=bottom width=4% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=11% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;51&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=bottom width=30% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Balance as of June 30, 2014</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:white;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;-&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=17% style="background:white;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;83&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=4% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=11% style="background:white;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;83&nbsp;</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:13.5pt;page-break-after:avoid;text-indent:23.8pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">As a result of the repayment of the &#8364;1.25
billion Convertible Bonds on April 1, 2014, the euro-denominated call options
on treasury shares acquired on December 14, 2010 expired. </font></p>

<p style="margin-bottom:.0001pt;margin-left:12.2pt;margin-right:0cm;margin-top:13.5pt;page-break-after:avoid;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Portfolio of Derivatives </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:9.0pt;page-break-after:avoid;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The Company manages the counter-party
risk associated with its instruments by centralizing its commitments and by
applying procedures which specify, for each type of transaction and underlying,
risk limits and/or the characteristics of the counter-party. The Company does
not generally grant to or require from its counter-parties guarantees of the
risks incurred. Allowing for exceptions, the Company&#8217;s counter-parties are part
of its financial partners and the related market transactions are governed by
framework agreements (mainly of the International Swaps and Derivatives
Association agreements which allow netting only in case of counter-party
default). Accordingly, derivative assets and derivative liabilities are not
offset.</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:9.0pt;page-break-after:avoid;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The portfolio associated with derivative
financial instruments classified as Level 2 as of December&nbsp;31, 2013 is as
follows: </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:16.5pt;">
  <td valign=bottom width=5% style="background:white;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% style="background:white;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:12.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=5 valign=bottom width=31% style="background:white;border-bottom:solid black 1.5pt;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Assets</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=30% style="background:white;border-bottom:solid black 1.5pt;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Liabilities</font></b></p>
  </td>
 </tr>
<tr style="height:20.25pt;">
  <td valign=bottom width=5% style="background:white;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% style="background:white;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.5pt;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Notional
  Amount</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-top:solid black 1.5pt;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;border-top:solid black 1.5pt;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Fair
  Value</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-top:solid black 1.5pt;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.5pt;border-top:solid black 1.5pt;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Average
  Rate*</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.5pt;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Notional
  Amount</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-top:solid black 1.5pt;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.5pt;border-top:solid black 1.5pt;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Fair
  Value</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-top:solid black 1.5pt;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.5pt;border-top:solid black 1.5pt;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Average
  Rate*</font></b></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Interest rate swaps - fixed rate borrowings/loans</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;188&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;3&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">4.55%</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;339&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(11)&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1.17%</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=5% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Other interest rate instruments</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;-
  &nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;20&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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 <td valign=bottom width=9% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
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  </td>
 <td valign=bottom width=8% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;153&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(16)&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Term contracts purchases</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;458&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;32&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;196&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(10)&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:25.5pt;">
  <td valign=bottom width=5% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total raw materials (base metal), freight, energy, emission
  rights</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;36&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(26)&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=31% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;71&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(207)&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=bottom width=5% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=31% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:25.5pt;">
  <td valign=top width=5% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">*</font></p>
  </td>
 <td colspan=12 valign=top width=95% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">The average rate is determined for fixed rate instruments on the
  basis of the U.S. dollar and foreign currency rates and for the variable rate
  instruments generally on the basis of Euribor or Libor. </font></p>
  </td>
 </tr>
</table></div>


<DIV bclFooter>





<p align=center style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">F-</font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">18</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;"></font></p>



<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_17"></a><DIV bclPageBorder STYLE="WIDTH: 100%; PADDING-RIGHT: 5%; PADDING-LEFT: 5%">

<DIV bclHeader>





<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:9.0pt;page-break-after:avoid;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The portfolio associated with derivative
financial instruments classified as Level 2 as of June 30, 2014 is as follows: </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:16.5pt;">
  <td valign=bottom width=5% style="background:white;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="background:white;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:12.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=5 valign=bottom width=33% style="background:white;border-bottom:solid black 1.5pt;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Assets</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td colspan=5 valign=bottom width=32% style="background:white;border-bottom:solid black 1.5pt;height:16.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Liabilities</font></b></p>
  </td>
 </tr>
<tr style="height:20.25pt;">
  <td valign=bottom width=5% style="background:white;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="background:white;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Notional
  Amount</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-top:solid black 1.5pt;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;border-top:solid black 1.5pt;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Fair
  Value</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-top:solid black 1.5pt;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;border-top:solid black 1.5pt;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Average
  Rate*</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Notional
  Amount</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-top:solid black 1.5pt;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.5pt;border-top:solid black 1.5pt;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Fair
  Value</font></b></p>
  </td>
 <td valign=bottom width=3% style="background:white;border-top:solid black 1.5pt;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;border-bottom:solid black 1.5pt;border-top:solid black 1.5pt;height:20.25pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Average
  Rate*</font></b></p>
  </td>
 </tr>
<tr style="height:25.5pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=27% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Interest rate swaps - fixed rate borrowings/loans</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,249&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">6.14%</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;50&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1.60%</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=27% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total interest rate instruments</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;4&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(1)&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=5% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:1.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=27% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Equity Instruments</font></b></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=5% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=27% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Equity option purchases</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;370&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;64&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.0pt;">
  <td valign=bottom width=5% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=27% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total equity instruments</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
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  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;330&nbsp;</font></p>
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  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;581&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;74&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;103&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(3)&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:15.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:25.5pt;">
  <td valign=bottom width=5% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=27% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total raw materials (base metal), freight, energy, emission
  rights</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;77&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(19)&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=bottom width=5% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=27% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;222&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(95)&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:#CCFFFF;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:15.75pt;">
  <td valign=bottom width=5% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=27% style="background:white;border-bottom:solid black 1.0pt;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=3% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:15.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:24.0pt;">
  <td valign=top width=5% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">*</font></p>
  </td>
 <td colspan=12 valign=top width=95% style="background:white;height:24.0pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">The average rate is determined for fixed rate instruments on the
  basis of the U.S. dollar and foreign currency rates and for the variable rate
  instruments generally on the basis of Euribor or Libor. </font></p>
  </td>
 </tr>
</table></div>








<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:5.0pt;"><b><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">NOTE 10 &#8211;
PROVISIONS</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:36.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Provisions, as
of December 31, 2013 and June 30, 2014, are comprised of the following:</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:25.5pt;">
  <td valign=bottom width=50% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="background:white;border-bottom:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">December
  31, </font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid black 1.0pt;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">June
  30, </font></b></p>
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2014</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=50% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Environmental</font></p>
  </td>
 <td valign=bottom width=23% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;915&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;939&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=50% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Asset retirement obligations</font></p>
  </td>
 <td valign=bottom width=23% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">516</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;479&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=50% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Site restoration</font></p>
  </td>
 <td valign=bottom width=23% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;75&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;60&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=50% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Staff related obligations</font></p>
  </td>
 <td valign=bottom width=23% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">169</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;175&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=50% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Voluntary separation plans </font></p>
  </td>
 <td valign=bottom width=23% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">138</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;105&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=50% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Litigation and other (see note 13)</font></p>
  </td>
 <td valign=bottom width=23% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">954</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;969&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=50% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; Tax claims</font></i></p>
  </td>
 <td valign=bottom width=23% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">355</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;378&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=50% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; Other legal claims</font></i></p>
  </td>
 <td valign=bottom width=23% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">299</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;291&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=50% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&#160;&#160;&#160; Other unasserted claims</font></i></p>
  </td>
 <td valign=bottom width=23% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">300</font></i></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></i></p>
  </td>
 <td valign=bottom width=21% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><i><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;300&nbsp;</font></i></p>
  </td>
 </tr>
<tr style="height:25.5pt;">
  <td valign=top width=50% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Commercial agreements and onerous contracts</font></p>
  </td>
 <td valign=bottom width=23% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">93</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;72&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=50% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Other </font></p>
  </td>
 <td valign=bottom width=23% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">229</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;226&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=top width=50% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;3,089&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;3,025&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=50% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Short-term provisions</font></p>
  </td>
 <td valign=bottom width=23% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,206&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,125&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=50% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Long-term provisions</font></p>
  </td>
 <td valign=bottom width=23% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,883&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,900&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=50% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=23% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;3,089&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=21% style="background:#CCFFFF;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;3,025&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td colspan=4 valign=bottom width=100% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:8.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
</table></div>


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<p align=center style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">F-</font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">19</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;"></font></p>



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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





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<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:5.0pt;"><b><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">NOTE 11 &#8211;
SEGMENT AND GEOGRAPHIC INFORMATION</font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:4.5pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:4.5pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">As of January 1, 2014, ArcelorMittal implemented
changes to its organizational structure which provide a greater geographical
focus.&#160; Accordingly, the Company modified the structure of its segment
information in order to reflect changes in its approach to managing its
operations and prior period segment disclosures have been retrospectively
adjusted to reflect this new segmentation in conformity with IFRS.
ArcelorMittal&#8217;s reportable segments changed to NAFTA, Brazil and neighboring
countries (&#8220;Brazil&#8221;), Europe, Africa &amp; Commonwealth of Independent States
(&quot;ACIS&quot;) and Mining. The NAFTA segment includes the Flat, Long and
Tubular operations of USA, Canada and Mexico. The Brazil segment includes the
Flat operations of Brazil, and the Long and Tubular operations of Brazil and
its neighboring countries including Argentina, Costa Rica, Trinidad and Tobago
and Venezuela. The Europe segment comprises the Flat, Long and Tubular
operations of the European business, as well as Distribution Solutions (AMDS).
The ACIS segment is largely unchanged with the addition of some Tubular
operations and distribution activities (ArcelorMittal International). The
Mining segment remains unchanged. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Reportable
segments </font></i></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font color=windowtext face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;letter-spacing:0pt;line-height:10.0pt;">ArcelorMittal
reports its operations in five segments: NAFTA, Brazil, Europe, ACIS and
Mining. </font></p>

<p style="margin-bottom:.0001pt;margin-left:18.0pt;margin-right:0cm;margin-top:4.5pt;text-indent:-18.0pt;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">NAFTA represents the flat, long
and tubular facilities of the Company located in North America (Canada, United
States and Mexico). NAFTA produces flat products such as slabs, hot-rolled
coil, cold-rolled coil, coated steel and plate. These products are sold
primarily to customers in the following industries: distribution and
processing, automotive, pipe and tubes, construction, packaging, and
appliances. NAFTA also produces long products such as wire rod, sections,
rebar, billets, blooms and wire drawing, and tubular products;</font></p>

<p style="margin-bottom:.0001pt;margin-left:18.0pt;margin-right:0cm;margin-top:4.5pt;text-indent:-18.0pt;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Brazil includes the flat
operations of Brazil and the long and tubular operations of Brazil and
neighboring countries including Argentina, Costa Rica, Trinidad and Tobago and
Venezuela. Flat products include slabs, hot-rolled coil, cold-rolled coil and
coated steel. Long products consist of wire rod, sections, bar and rebar,
billets, blooms and wire drawing. </font></p>

<p style="margin-bottom:.0001pt;margin-left:18.0pt;margin-right:0cm;margin-top:4.5pt;text-indent:-18.0pt;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Europe is the largest flat steel
producer in Europe, with operations that range from Spain in the west to
Romania in the east, and covering the flat carbon steel product portfolio in
all major countries and markets. Europe produces hot-rolled coil, cold-rolled
coil, coated products, tinplate, plate and slab. These products are sold
primarily to customers in the automotive, general industry and packaging
industries. Europe produces also long products consisting of sections, wire
rod, rebar, billets, blooms and wire drawing, and tubular products. In
addition, it includes Distribution Solutions, primarily an in-house trading and
distribution arm of ArcelorMittal. Distribution Solutions also provides
value-added and customized steel solutions through further steel processing to
meet specific customer requirements;</font></p>

<p style="margin-bottom:.0001pt;margin-left:18.0pt;margin-right:0cm;margin-top:4.5pt;text-indent:-18.0pt;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">ACIS produces a combination of
flat, long products and tubular products. Its facilities are located in Asia,
Africa and Commonwealth of Independent States; and </font></p>

<p style="margin-bottom:.0001pt;margin-left:18.0pt;margin-right:0cm;margin-top:4.5pt;text-indent:-18.0pt;"><font face=Symbol lang=EN-US style="font-size:10.0pt;">&#183;</font><font face="Times New Roman" lang=EN-US style="font-size:7.0pt;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Mining comprises all mines owned
by ArcelorMittal in the Americas (Canada, USA, Mexico and Brazil), Asia
(Kazakhstan and Russia), Europe (Ukraine and Bosnia&nbsp;&amp; Herzegovina) and
Africa (Algeria and Liberia). It supplies the Company and third parties
customers with iron ore and coal. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;text-indent:36.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">The following
table summarizes certain financial data relating to ArcelorMittal&#8217;s operations
in its different reportable segments:</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=29% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><u><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">NAFTA</font></u></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><u><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Brazil</font></u></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><u><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Europe</font></u></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><u><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">ACIS</font></u></b></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><u><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Mining</font></u></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><u><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Others*</font></u></b></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><u><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Eliminations</font></u></b></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><u><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Total</font></u></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Six months ended June&nbsp;30, 2013<sup>
  &nbsp;</sup></font></b></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Sales to external customers <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;9,592&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;4,903&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;20,532&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;4,213&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;637&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;72&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;39,949&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Intersegment sales<sup>**</sup></font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;89&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;178&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;218&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;90&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,913&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;289&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(2,777)&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Operating income <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;193&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;542&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(256)&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(140)&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;572&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(116)&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(39)&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;756&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Depreciation <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;383&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;358&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;978&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;266&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;293&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;19&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;2,297&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Impairment <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;24&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;15&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;39&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Capital expenditures <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;160&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;122&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;473&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;188&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;687&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;6&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,636&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=29% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:6.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Six months ended June&nbsp;30, 2014<sup>
  &nbsp;</sup></font></b></p>
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 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Sales to external customers <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;10,300&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;4,581&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;20,692&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;4,158&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;707&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;54&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;40,492&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Intersegment sales<sup>**</sup></font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;51&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;206&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;148&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;149&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,932&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;233&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(2,719)&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;-&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Operating income <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;77&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;592&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;414&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;5&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;507&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(122)&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;33&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,506&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Depreciation <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;359&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;247&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;810&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;260&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;314&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;21&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;2,011&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=29% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Capital expenditures <sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;226&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;241&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;518&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;215&nbsp;</font></p>
  </td>
 <td valign=top width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;429&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;20&nbsp;</font></p>
  </td>
 <td valign=top width=10% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;-&nbsp;</font></p>
  </td>
 <td valign=top width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,649&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=29% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;<sup>&#160;&nbsp;</sup></font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=9% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=10% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=8% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:25.5pt;">
  <td valign=top width=4% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">*</font></p>
  </td>
 <td colspan=9 valign=top width=96% style="background:white;height:25.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Others include all other operational and
  non-operational items which are not segmented, such as corporate and shared
  services, financial activities, and shipping and logistics.</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=4% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face=Arial,sans-serif style="font-size:10.0pt;">**</font></p>
  </td>
 <td colspan=9 valign=top width=96% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Transactions between segments are reported on the
  same basis of accounting as transactions with third parties except for certain
  mining products shipped internally and reported on a cost plus basis.</font></p>
  </td>
 </tr>
</table></div>


<DIV bclFooter>





<p align=center style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">F-</font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">21</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;"></font></p>



<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_19"></a><DIV bclPageBorder STYLE="WIDTH: 100%; PADDING-RIGHT: 5%; PADDING-LEFT: 5%">

<DIV bclHeader>





<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;text-indent:36.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">The
reconciliation from operating income to net income is as follows:</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=35% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">Six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30,</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;border-top:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2014</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Operating income </font></p>
  </td>
 <td valign=bottom width=14% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;756&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;1,506&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Income (loss)&#160; from investments in associates and joint ventures
  </font></p>
  </td>
 <td valign=top width=14% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(42)&nbsp;</font></p>
  </td>
 <td valign=top width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=top width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;154&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Financing costs - net </font></p>
  </td>
 <td valign=bottom width=14% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(1,634)&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(1,516)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Income (loss) before taxes </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(920)&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;144&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Income tax (expense)</font></p>
  </td>
 <td valign=bottom width=14% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(196)&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(217)&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=top width=65% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Net income (loss) (including non-controlling interests) </font></p>
  </td>
 <td valign=bottom width=14% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(1,116)&nbsp;</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;(73)&nbsp;</font></p>
  </td>
 </tr>
</table></div>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin-bottom:.0001pt;margin-left:24.45pt;margin-right:0cm;margin-top:13.5pt;page-break-after:avoid;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Geographical segmentation </font></b></p>

<p style="margin-bottom:.0001pt;margin-left:0cm;margin-right:0cm;margin-top:4.5pt;text-indent:24.5pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Sales (by destination) </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=35% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30,</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;border-top:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2014</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Americas</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=#9DB1C9 face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=#9DB1C9 face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=#9DB1C9 face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">United States </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">7,646</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">8,345</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Brazil </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">3,500</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">3,295</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Canada </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,604</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,725</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Argentina </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">608</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">596</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Mexico</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,031</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,144</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Others </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,011</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">788</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total Americas </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">15,400</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">15,893</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Europe</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Germany </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">3,516</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">3,570</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">France </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2,449</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2,573</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Spain </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2,023</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2,222</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Poland </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,633</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,868</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Italy </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,422</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,447</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Turkey </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,273</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,177</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">United Kingdom </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">716</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">771</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Belgium </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">683</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">653</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Czech Republic </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">822</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">819</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Romania </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">396</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">369</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Netherlands</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">463</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">487</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Russia</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">876</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">371</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Others </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2,625</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2,602</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total Europe </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">18,897</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">18,929</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Asia &amp; Africa</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">South Africa </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,569</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,348</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Kazakhstan</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">415</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">718</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">China</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">560</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">497</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">India</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">187</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">107</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Others </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2,921</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">3,000</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total Asia &amp; Africa </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">5,652</font></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">5,670</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=65% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=5% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=65% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total </font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">39,949</font></b></p>
  </td>
 <td valign=bottom width=5% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">40,492</font></b></p>
  </td>
 </tr>
</table></div>


<DIV bclFooter>





<p align=center style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">F-</font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">22</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;"></font></p>



<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





</DIV>
</DIV><HR noshade align="center" width="100%" size=2><DIV STYLE="page-break-before: always">&nbsp;</div><a name="page_20"></a><DIV bclPageBorder STYLE="WIDTH: 100%; PADDING-RIGHT: 5%; PADDING-LEFT: 5%">

<DIV bclHeader>





<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The
table below presents sales to external customers by product type. In addition
to steel produced by the Company, amounts include material purchased for
additional transformation and sold through distribution services. Others
include mainly non-steel sales and services.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><b><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Product segmentation</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Sales (by products)</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:12.75pt;">
  <td valign=bottom width=63% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td colspan=3 valign=bottom width=37% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">Six&nbsp;months&nbsp;ended&nbsp;June&nbsp;30,</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=63% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;border-top:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:solid black 1.0pt;border-top:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2014</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=63% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Flat products </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">22,191</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=#9DB1C9 face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">22,377</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=63% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Long products </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">9,856</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">9,778</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=63% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Tubular products </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,117</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=#9DB1C9 face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,181</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=63% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Mining products </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">637</font></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">707</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=63% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Others </font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">6,148</font></p>
  </td>
 <td valign=bottom width=7% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=#9DB1C9 face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:#CCFFFF;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">6,449</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=top width=63% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total </font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">39,949</font></b></p>
  </td>
 <td valign=bottom width=7% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=15% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">40,492</font></b></p>
  </td>
 </tr>
</table></div>








<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:5.0pt;"><b><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">NOTE 12 &#8211;
COMMITMENTS</font></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:36.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The Company&#8217;s
commitments consist of the following:</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<div align=left><table cellpadding=0 cellspacing=0 border=0 style="border-collapse:collapse;width:100%;">
 <tr style="height:12.75pt;">
  <td valign=bottom width=56% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">December&nbsp;31,</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">June&nbsp;30,</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=56% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:4.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=22% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2013</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:white;border-bottom:solid black 1.0pt;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=center style="margin:0cm;margin-bottom:.0001pt;text-align:center;"><b><font color=black face="Times New Roman,serif" style="font-size:7.5pt;">2014</font></b></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=56% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Purchase commitments </font></p>
  </td>
 <td valign=bottom width=22% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">18,557</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">25,074</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=56% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Guarantees, pledges and other collateral </font></p>
  </td>
 <td valign=bottom width=22% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">3,290</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">4,219</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=bottom width=56% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Non-cancellable operating leases </font></p>
  </td>
 <td valign=bottom width=22% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">2,235</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#CCFFFF;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">2,099</font></p>
  </td>
 </tr>
<tr style="height:12.75pt;">
  <td valign=top width=56% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Capital expenditure commitments </font></p>
  </td>
 <td valign=bottom width=22% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">1,060</font></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:white;height:12.75pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">731</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=bottom width=56% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Other commitments </font></p>
  </td>
 <td valign=bottom width=22% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">3,354</font></p>
  </td>
 <td valign=bottom width=6% style="background:#CCFFFF;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></p>
  </td>
 <td valign=bottom width=16% style="background:#CCFFFF;border-bottom:solid black 1.5pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><font color=black face="Times New Roman,serif" style="font-size:9.0pt;">3,381</font></p>
  </td>
 </tr>
<tr style="height:13.5pt;">
  <td valign=top width=56% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">Total </font></p>
  </td>
 <td valign=bottom width=22% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">28,496</font></b></p>
  </td>
 <td valign=bottom width=6% style="background:white;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p style="margin:0cm;margin-bottom:.0001pt;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">&#160;&nbsp;</font></b></p>
  </td>
 <td valign=bottom width=16% style="background:white;border-bottom:double black 2.25pt;height:13.5pt;padding:0cm 5.75pt 0cm 5.75pt;">
  <p align=right style="margin:0cm;margin-bottom:.0001pt;text-align:right;"><b><font color=black face="Times New Roman,serif" style="font-size:10.0pt;">35,504</font></b></p>
  </td>
 </tr>
</table></div>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Purchase
commitments </font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;text-indent:36.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Purchase
commitments consist primarily of major agreements for procuring iron ore,
coking coal, coke and hot metal. The Company also has a number of agreements
for electricity, industrial and natural gas, scrap and freight contracts. The
increase in purchase commitments is mainly related to Calvert slab purchases. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Purchase commitments include
commitments given to associates for 641 and 507 as of December 31, 2013 and
June 30, 2014, respectively. Purchase commitments include commitments given to
joint ventures for nil and 101 as of December 31, 2013 and June 30, 2014,
respectively. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Guarantees,
pledges and other collateral </font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;text-indent:36.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Guarantees
related to financial debt and credit lines given on behalf of third parties
were 89 and 154 as of December 31, 2013 and June 30, 2014, respectively.
Additionally, 32 and 21 were related to guarantees given on behalf of
associates and guarantees of 320 and 943 were given on behalf of joint ventures
as of December 31, 2013 and June 30, 2014, respectively. Pledges
and other collateral mainly relate to mortgages entered into by the Company&#8217;s operating
subsidiaries. The increase is mainly related to the guarantee issued on behalf
of Calvert.</font></p>


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<p align=center style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">F-</font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">23</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;"></font></p>



<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Other
sureties, first demand guarantees, letters of credit, pledges and other
collateral included 3 and nil of commitments given on the behalf of associates
as of December 31, 2013 and June 30, 2014.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Non-cancellable
operating leases</font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;text-indent:36.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Non-cancellable
operating leases mainly relate to commitments for the long-term use of various
facilities, land and equipment belonging to third parties.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Capital
expenditure commitments</font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;text-indent:36.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Capital
expenditure commitments mainly relate to commitments associated with
investments in expansion and improvement projects by various subsidiaries.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:12.0pt;"><i><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:12.05pt;">Other
commitments</font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:12.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:36.0pt;"><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Other
commitments given comprise mainly commitments incurred for undrawn credit lines
confirmed to customers and gas supply to electricity suppliers.</font></p>








<p style="margin:0cm;margin-bottom:.0001pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:5.0pt;"><b><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">NOTE 13 &#8211;
CONTINGENCIES</font></b></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;page-break-after:avoid;text-indent:18.0pt;"><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></b></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">ArcelorMittal may be involved in
litigation, arbitration or other legal proceedings. Provisions related to legal
and arbitral proceedings are recorded in accordance with the principles
described in note 2 to consolidated financial statements for the year ended
December 31, 2013.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Most of these claims involve highly
complex issues. Often these issues are subject to substantial uncertainties
and, therefore, the probabilities of loss and an estimate of damages are
difficult to ascertain. Consequently, for a large number of these claims, the
Company is unable to make a reasonable estimate of the expected financial
effect that will result from ultimate resolution of the proceeding. In those
cases, the Company has disclosed information with respect to the nature of the
contingency. The Company has not accrued a reserve for the potential outcome of
these cases. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In cases in which quantifiable fines and
penalties have been assessed or the Company has otherwise been able to
reasonably estimate the amount of probable loss, the Company has indicated the
amount of such fine or penalty or the amount of provision accrued. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In a limited number of ongoing cases,
the Company is able to make a reasonable estimate of the expected loss or range
of possible loss and has accrued a provision for such loss, but believe that
publication of this information on a case-by-case basis would seriously prejudice
the Company&#8217;s position in the ongoing legal proceedings or in any related
settlement discussions. Accordingly, in these cases, the Company has disclosed
information with respect to the nature of the contingency, but has not
disclosed the estimate of the range of potential loss nor the recorded as a
loss. </font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">These assessments can involve a series
of complex judgments about future events and can rely heavily on estimates and
assumptions. These assessments are based on estimates and assumptions that have
been deemed reasonable by management. The Company believes that the aggregate
provisions recorded for the above matters are adequate based upon currently
available information. However, given the inherent uncertainties related to
these cases and in estimating contingent liabilities, the Company could, in the
future, incur judgments that could have a material effect on its results of
operations in any particular period. The Company considers it highly unlikely,
however, that any such judgments could have a material adverse effect on its
liquidity or financial condition.</font></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;page-break-after:avoid;text-indent:18.0pt;"><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></i></b></p>

<p style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;page-break-after:avoid;text-indent:18.0pt;"><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Tax Claims</font></i></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;page-break-after:avoid;text-indent:18.0pt;"><a name="page_182"></a><a name="page_182_bclEnd"></a><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Brazil</font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In 2011,
ArcelorMittal Brasil received a tax assessment for corporate income tax (known
as IRPJ) and social contributions on net profits (known as CSL) in relation to
(i) the amortization of goodwill on the acquisition of Mendes J&#250;nior Siderurgia
(for the 2006 and 2007 fiscal years), (ii) the amortization of goodwill arising
from the mandatory tender offer (MTO) made by ArcelorMittal to minority
shareholders of Arcelor Brasil following the two-step merger of Arcelor and
Mittal Steel N.V. (for the 2007 tax year), (iii) expenses related to pre-export
financing used to finance the MTO, which were deemed by the tax authorities to
be unnecessary for ArcelorMittal Brasil since the financing was used to buy the
shares of its own company; and (iv) CSL over profits of controlled companies in
Argentina and Costa Rica. The amount claimed totals 584. On January 31,
2014,&nbsp; the administrative tribunal of first instance found in partial favor
of ArcelorMittal Brasil, reducing the penalty component of the assessment from,
according to ArcelorMittal Brasil&#8217;s calculations, 266 to 141 (as calculated at
the time of the assessment), while </font><!-- Do not modify beyond this point! !--><a name=bcl_connect_next></a></p>
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<p align=center style="margin-bottom:10.0pt;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-align:center;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">F-</font><font style="mso-no-proof:yes;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;">24</font></font><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;line-height:115%;"></font></p>



<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:2.0pt;">&nbsp;</font></p>





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<p style="margin:0cm;margin-bottom:.0001pt;tab-stops:center 234.0pt right 468.0pt;"><font face=Calibri,sans-serif lang=EN-US style="font-size:11.0pt;">&nbsp;</font></p>





</DIV>
<p style="margin:0cm;margin-bottom:10.0pt;"><a name=bcl_connect_prev></a><!-- Do not modify before this point! !--><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">upholding the
remainder of the assessment. The Brazilian Federal Revenue Service has appealed
the administrative tribunal&#8217;s decision to reduce the amount of the original penalty.
ArcelorMittal Brasil has also appealed the administrative tribunal&#8217;s decision
to uphold the tax authority&#8217;s assessment (including the revised penalty
component).</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In April 2014, Com&#233;rcio Exterior S.A.
(&#8220;Comex&#8221;), a Brazilian subsidiary of ArcelorMittal, received a tax assessment
in the amount of 76.9 concerning certain deductions made by Comex in relation
to the Fundap financial tax incentive; the Brazilian Federal Revenue Service
considers that Comex owes corporate income tax (known as IRPJ) and social
contributions on net profits (known as CSL) on the amounts deducted.&#160; Comex
filed its defense in June 2014.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-align:justify;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In
May&nbsp;2014, ArcelorMittal Comercializadora de Energia received a tax
assessment from the state of Minas Gerais alleging &nbsp;that&nbsp; the company
did not correctly calculate tax credits on &nbsp;interstate sales of
electricity &nbsp;from the February 2012 to December 2013 period. The amount
claimed totals 60. ArcelorMittal Comercializadora de Energia filed its defense
in June 2014.</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Competition/Antitrust
Claims</font></i></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;page-break-after:avoid;text-indent:18.0pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">United
States</font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On September 12,
2008, Standard Iron Works filed a purported class action complaint in the U.S.
District Court in the Northern District of Illinois against ArcelorMittal,
ArcelorMittal USA LLC, and other steel manufacturers, alleging that the
defendants had conspired to restrict the output of steel products in order to
fix, raise, stabilize and maintain prices at artificially high levels in
violation of U.S. antitrust law. Other similar direct purchaser lawsuits were
also filed in the same court and were consolidated with the Standard Iron Works
lawsuit. In 2009, the court denied a motion by ArcelorMittal and the other
defendants to dismiss the direct purchaser claims. A hearing on class
certification of the direct purchaser claims took place in March/ April 2014
and a decision remains pending.&#160; On May 29, 2014, ArcelorMittal entered into an
agreement to settle the direct purchaser claims for an amount of 90 recognized
in cost of sales. ArcelorMittal may terminate the settlement agreement if more
than a certain percentage of members of the purported plaintiffs&#8217; class opt-out
of the settlement. In addition to any opt-out direct purchaser claimants who
may pursue their claims, two putative class actions on behalf of indirect
purchasers have been filed and are not covered by the settlement of the direct
purchaser claims.&#160; On June 13, 2014, the court gave its preliminary approval of
the settlement and scheduled a hearing for final approval on October 17, 2014. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;page-break-after:avoid;text-indent:18.0pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">South
Africa</font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">On September 1,
2009, the South African Competition Commission referred a complaint against
four producers of long carbon steel in South Africa, including ArcelorMittal South
Africa, and the South African Iron and Steel Institute to the Competition
Tribunal. The complaint referral followed an investigation into alleged
collusion among the producers initiated in April 2008, on-site inspections
conducted at the premises of some of the producers and a leniency application
by Scaw South Africa, one of the producers under investigation. The Competition
Commission recommended that the Competition Tribunal impose an administrative
penalty against ArcelorMittal South Africa, Cape Gate and Cape Town Iron Steel
Works in the amount of 10% of their annual revenues in South Africa and exports
from South Africa for 2008. ArcelorMittal filed an application to access the
file of the Competition Commission that was rejected. ArcelorMittal is
appealing the decision to reject the application, and has applied for a review
of that decision and a suspension of the obligation to respond to the referral
on the substance pending final outcome on the application for access to the
documents. The appeal was upheld by the Competition Appeals Court (CAC) and the
matter was referred back to the Competition Tribunal for a determination of
confidentiality and scope of access to the documents. The Competition
Commission appealed the decision of the CAC, and, on May 31, 2013, the Supreme
Court of Appeal dismissed the appeal of the Competition Commission and
confirmed the decision of the CAC.&nbsp;In 2014, ArcelorMittal South Africa requested
the documents from the Competition Commission, which provided an index thereof.
On July 7, 2011, ArcelorMittal filed an application before the Competition <a name="page_185"></a><a name="page_185_bclEnd"></a>Tribunal to set aside the
complaint referral based on procedural irregularities. It is too early for
ArcelorMittal to assess the potential outcome of the procedure, including the
financial impact.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;page-break-after:avoid;text-indent:18.0pt;"><b><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Other
Legal Claims</font></i></b></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Argentina</font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Over the course
of 2007 to 2013, the Argentinian Customs Office Authority (Aduana) notified the
Company of certain inquiries that it is conducting with respect to prices
declared by the Company&#8217;s Argentinian subsidiary, Acindar related to iron ore
imports. The Customs Office Authority is seeking to determine whether Acindar
incorrectly declared prices for iron ore imports from several different
Brazilian suppliers and from ArcelorMittal Sourcing on 35 different shipments
made between 2002 and 2012. The aggregate amount claimed by the Customs Office
Authority in respect of all of the shipments is approximately 165. The
investigations are subject to the administrative procedures of the Customs
Office Authority and are at different procedural stages depending on the filing
date of the investigation. </font><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">By February 2014, in 17 cases, the
administrative branch of the Customs Office Authority ruled against Acindar
(representing total claims of 30). These decisions have been appealed to the
Argentinian National Fiscal Court.</font></p>


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<p style="margin:0cm;margin-bottom:10.0pt;page-break-after:avoid;text-indent:18.0pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Canada</font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In 2008, two
complaints filed by Canadian Natural Resources Limited (&#8220;CNRL&#8221;) in Calgary,
Alberta against ArcelorMittal, ArcelorMittal USA LLC, Mittal Steel North
America Inc. and ArcelorMittal Tubular Products Roman S.A were filed. CNRL
alleges <a name="page_186"></a><a name="page_186_bclEnd"></a>negligence in both
complaints, seeking damages of 56 and 25, respectively. The plaintiff alleges
that it purchased a defective pipe manufactured by ArcelorMittal Tubular
Products Roman and sold by ArcelorMittal Tubular Products Roman and Mittal
Steel North America Inc. In May 2009, in agreement with CNRL, ArcelorMittal and
ArcelorMittal USA were dismissed from the cases without prejudice to CNRL&#8217;s
right to reinstate the parties later if justified. In April 2014, the parties
participated in a mediation procedure and reached a settlement subject to
certain conditions, which have now been satisfied. The proceedings before the
Calgary court were formally discontinued in June 2014 and the case is therefore
now closed.</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;page-break-after:avoid;text-indent:18.0pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Italy</font></i></p>

<p style="margin:0cm;margin-bottom:.0001pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In January 2010, ArcelorMittal received
notice of a claim filed by Finmasi S.p.A. relating to a memorandum of agreement
(&#8220;MoA&#8221;) entered into between ArcelorMittal Distribution Services France
(&#8220;AMDSF&#8221;) and Finmasi in 2008. The MoA provided that AMDSF would acquire
certain of Finmasi&#8217;s businesses for an amount not to exceed &#8364;93 million,
subject to the satisfaction of certain conditions precedent, which, in AMDSF&#8217;s
view, were not fulfilled. Finmasi sued for (i) enforcement of the MoA, (ii)
damages of &#8364;14 million to &#8364;24 million or (iii) recovery costs plus quantum
damages for Finmasi&#8217;s alleged lost opportunity to sell to another buyer. In
September 2011, the court rejected Finmasi&#8217;s claims other than its second
claim. The court appointed an expert to determine the quantum of damages. In
May 2013, the expert&#8217;s report was issued and valued the quantum of damages in the
range of &#8364;38 million to &#8364;60 million. ArcelorMittal appealed the decision on the
merits. In
May 2014, the Court of Appeals issued a decision rejecting ArcelorMittal&#8217;s
appeal. On June 20, 2014, ArcelorMittal filed an appeal of the Court of
Appeal&#8217;s judgment&#160; with the Italian Court of Cassation. A hearing in relation
to the quantum of damages took place on June 24, 2014 and the judge set a
deadline of&#160; October 8, 2014 for the parties to file their briefs. </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><i><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">Senegal</font></i></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">In 2007,
ArcelorMittal Holdings AG entered into an agreement with the State of Senegal
relating to an integrated iron ore mining and related infrastructure project.
The Company announced at the time that implementation of the project would
entail an aggregate investment of 2.2 billion. Project implementation did not
follow the originally anticipated schedule after initial phase studies and
related investments.&nbsp;&nbsp; </font></p>

<p style="margin:0cm;margin-bottom:10.0pt;text-indent:18.0pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">The Company
engaged in discussions with the State of Senegal about the project over a long
period. In early 2011, the parties engaged in a conciliation procedure, as
provided for under their agreement, in an attempt to reach a mutually
acceptable outcome. Following the unsuccessful completion of this procedure, in
May 2011 the State of Senegal commenced an arbitration before the Court of Arbitration
of the International Chamber of Commerce, claiming breach of contract and
provisionally estimating damages of 750. In September 2013, the arbitral
tribunal issued its first award ruling that Senegal was entitled to terminate
the 2007 agreements. The arbitral tribunal also ruled that a new arbitration
phase would be held relating to the potential liability of ArcelorMittal as
well as the amount of any damages which could be awarded to Senegal. The
parties have since agreed to settle the dispute with the amount of the
settlement being included within &#8220;Financing costs &#8211; net&#8221;.</font></p>








<p style="margin:0cm;margin-bottom:.0001pt;"><font face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">&nbsp;</font></p>

<p style="margin:0cm;margin-bottom:.0001pt;margin-top:5.0pt;"><b><font color=black face="Times New Roman,serif" lang=EN-US style="font-size:10.0pt;">NOTE 14 &#8211; SUBSEQUENT
EVENTS</font></b></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:9.0pt;">&nbsp;</font></p>

<p style="margin-bottom:0cm;margin-left:0cm;margin-right:0cm;margin-top:0cm;text-indent:36.0pt;"><font face="Times New Roman,serif" lang=EN-GB style="font-size:10.0pt;">On July 29, 2014, ArcelorMittal and
Billiton Guinea B.V. (&#8220;BHP Billiton&#8221;) signed a sale and purchase agreement for
the acquisition by ArcelorMittal of a 43.5% stake in Euronimba Limited
(&#8220;Euronimba&#8221;), which holds a 95% indirect interest in the Mount Nimba iron ore
project in Guinea (&#8220;the Project&#8221;). ArcelorMittal has simultaneously entered
into a sale and purchase agreement with Compagnie Fran&#231;aise de Mines et M&#233;taux
(a member of the Areva group) for the acquisition of its 13% stake in
Euronimba. The closing of these two transactions would give ArcelorMittal a
56.5% ownership of Euronimba. The remaining 43.5% of Euronimba is owned by
Newmont LaSource S.A.S. (&#8220;Newmont&#8221;).&nbsp; As part of the transaction,
ArcelorMittal has granted Newmont a limited duration option which, if
exercised, would result in Newmont and ArcelorMittal owning equal stakes in
Euronimba. The transaction is subject to certain closing conditions, including
merger control clearance and certain approvals from the Government of Guinea.</font></p>

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