<SEC-DOCUMENT>0000903423-16-000951.txt : 20160404
<SEC-HEADER>0000903423-16-000951.hdr.sgml : 20160404
<ACCEPTANCE-DATETIME>20160404172308
ACCESSION NUMBER:		0000903423-16-000951
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20160404
FILED AS OF DATE:		20160404
DATE AS OF CHANGE:		20160404

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:		161551887

	BUSINESS ADDRESS:	
		STREET 1:		24-26, BOULEVARD D?AVRANCHES
		STREET 2:		L-1160 LUXEMBOURG
		CITY:			GRAND DUCHY OF LUXEMBOURG
		STATE:			N4
		ZIP:			00000
		BUSINESS PHONE:		35247922151

	MAIL ADDRESS:	
		STREET 1:		24-26, BOULEVARD D?AVRANCHES
		STREET 2:		L-1160 LUXEMBOURG
		CITY:			GRAND DUCHY OF 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>arcelor6k1_0403.htm
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></P>

<P STYLE="font: italic bold 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-style: normal">UNITED
STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 6-K</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 6pt 0 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER<BR>
PURSUANT TO RULE 13a-16 OR 15d-16<BR>
UNDER THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: bold 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;&mdash;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Dated April 4, 2016</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Commission File Number: 001-35788</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">ARCELORMITTAL</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Translation of registrant&rsquo;s name into
English)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">24-26, Boulevard d&rsquo;Avranches</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">L-1160 Luxembourg</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Grand Duchy of Luxembourg</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address of principal executive offices)</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">Form
20-F &#9746;&#9;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F </FONT>&#9744;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">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): _____</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">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): _____</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">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.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: 0.5in"><FONT STYLE="font-size: 11pt">Yes </FONT>&#9744;<FONT STYLE="font-size: 11pt">&#9;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No
&#9746;</FONT></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">If &ldquo;Yes&rdquo; marked, indicate below
the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-________</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">THIS REPORT ON FORM 6-K SHALL BE DEEMED TO
BE INCORPORATED BY REFERENCE IN THE REGISTRATION STATEMENT ON FORM F-3 (NO. 333-202409) OF ARCELORMITTAL AND THE PROSPECTUSES INCORPORATED
THEREIN.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">On April 4, 2016, ArcelorMittal issued the press releases
attached hereto as Exhibit 99.1 and Exhibit 99.2, hereby incorporated by reference into this report on Form 6-K.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Exhibit List</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif; text-decoration: underline"><FONT STYLE="font-size: 11pt"><U>Exhibit No.</U></FONT></TD>
    <TD STYLE="width: 85%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 11pt">&#9;<U>Description</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Exhibit 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Press release dated April 4, 2016, reporting
        that ArcelorMittal USA intends to enter into new, five-year senior secured asset-based revolving credit facility.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Exhibit
    99.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Press release dated April 4, 2016, reporting
    that ArcelorMittal has announced the successful completion of its rights issue.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>


<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">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.</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 247.5pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Date: April 4, 2016</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 247.5pt">ARCELORMITTAL</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 247.5pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 247.5pt">&nbsp;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 247.5pt">By: <FONT STYLE="font-variant: small-caps"><U>&#9; /</U></FONT><U>s<FONT STYLE="font-variant: small-caps">/
</FONT>Henk Scheffer<FONT STYLE="font-variant: small-caps"> </FONT></U><FONT STYLE="font-variant: small-caps">&#9;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.75in"></TD><TD STYLE="width: 0.5in">Name:</TD><TD>Henk Scheffer</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.75in"></TD><TD STYLE="width: 0.5in">Title:</TD><TD>Company Secretary</TD></TR></TABLE>


<!-- Field: Page; Sequence: 3 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Exhibit Index</B></P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 15%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif; text-decoration: underline"><FONT STYLE="font-size: 11pt"><U>Exhibit No.</U></FONT></TD>
    <TD STYLE="width: 85%; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt; font: 12pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 11pt">&#9;<U>Description</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Exhibit 99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Press release dated April 4, 2016, reporting
        that ArcelorMittal USA intends to enter into new, five-year senior secured asset-based revolving credit facility.</P>
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Exhibit 99.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Press release dated April 4, 2016, reporting
    that ArcelorMittal has announced the successful completion of its rights issue.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 0 4.25in; text-align: justify; text-indent: -0.5in">&nbsp;</P>



<P STYLE="margin: 0"></P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>arcelor6k1ex991_0403.htm
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: right"><IMG SRC="arcelormittal-logo1.jpg" ALT=""></P>

<P STYLE="margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR>
    <TD>
        <P STYLE="color: #414141; font: 60pt Arial, Helvetica, Sans-Serif; margin: 0">press release</P></TD></TR>
</TABLE>
<P STYLE="margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-indent: 0.5in"></P>

<P STYLE="font: bold 14pt/150% Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 14pt/150% Arial, Helvetica, Sans-Serif; margin: 0"><B>ArcelorMittal USA intends to enter into new, five-year senior
secured asset-based revolving credit facility&nbsp;</B></P>

<P STYLE="font: 14pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B>Luxembourg, 4 April 2016</B></P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0">ArcelorMittal announces that its subsidiary ArcelorMittal
USA intends to enter into a new, five-year senior secured asset-based revolving credit facility of up to $1bn, which is expected
to close in the second quarter of 2016.&nbsp; This facility will be secured by inventory and certain other working capital and
related assets of ArcelorMittal USA and certain of its subsidiaries in the United States.&nbsp; The facility will be used for general
corporate purposes of ArcelorMittal USA and its subsidiaries.&nbsp; The facility is not being&nbsp;guaranteed by ArcelorMittal.
&nbsp;&nbsp;In line&nbsp;with its financial policy,&nbsp;ArcelorMittal does not intend to pursue additional secured financing beyond
this single asset-based facility. &nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0">Total secured debt at end December 31, 2015 was US$625m, 3.2%
of total gross debt,&nbsp;and consisted primarily of capital leases.</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>



<P STYLE="font: bold 14pt/150% Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>



<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-indent: 0.5in"></P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>arcelor6k1ex992_0403.htm
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: right"><IMG SRC="arcelormittal-logo1.jpg" ALT=""></P>

<P STYLE="margin: 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%">
<TR>
    <TD>
        <P STYLE="color: #414141; font: 60pt Arial, Helvetica, Sans-Serif; margin: 0">press release</P></TD></TR>
</TABLE>
<P STYLE="margin: 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin-right: 0; margin-left: 0; text-indent: 0.5in"></P>

<P STYLE="font: 9pt/12.75pt Arial, Helvetica, Sans-Serif; margin: 0 0 7.5pt; text-align: justify; background-color: white; ">NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN
WHICH TO DO SO WOULD BE PROHIBITED BY APPLICABLE LAW&#9;</P>

<P STYLE="font: 10pt/12.75pt Arial, Helvetica, Sans-Serif; margin: 0 0 7.5pt; text-align: justify; background-color: white"><B>Luxembourg,
4 April 2016</B></P>

<P STYLE="font: 14pt/normal Calibri, Helvetica, Sans-Serif; margin: 0 0 7.5pt; text-align: justify; background-color: white"><B>ArcelorMittal
announces the successful completion of its c.US$3bn<SUP>[1]</SUP>&nbsp;rights issue</B></P>

<P STYLE="font: 12pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify"><I>Strong investor support for ArcelorMittal&#8217;s
rights issue; total subscription rate of 126.9%</I></P>

<P STYLE="font: 11pt/normal Calibri, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 3pt 14.2pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>1,229,905,208
new shares subscribed for through the exercise of primary subscription rights under the rights, representing a subscription rate
of 97.4%</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 3pt 14.2pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>Oversubscription
demand for 372,398,986 shares</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 3pt 14.2pt; text-align: justify; text-indent: -14.2pt"><FONT STYLE="font-family: Symbol">&middot;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 7pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT>1,602,304,194
total new shares subscribed for including oversubscription shares,<FONT STYLE="font-size: 13.5pt">&nbsp;</FONT>representing a total
subscription rate of 126.9%</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">1,229,905,208 new shares were subscribed
for through the exercise of primary subscription rights under the rights, representing 97.4% of new shares to be issued. Oversubscription
demand amounted to 372,398,986 new shares, representing 11.5 times the number of surplus shares available after satisfaction of
the primary subscription rights, and will, as a result, be satisfied only in part, i.e. for 32,446,323 new shares.</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Surplus shares will be allocated to holders
that submitted oversubscription requests on a pro-rata basis, in proportion to the number of rights exercised by each Holder (excluding
the oversubscription), in each case in an amount that does not exceed the maximum number of additional New Shares requested.</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Post capital increase, ArcelorMittal&#8217;s
issued share capital will consist of 3,065,710,869 shares without nominal value.</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">As announced on 5 February 2016, ArcelorMittal
intends to use the net proceeds of the rights issue to reduce its indebtedness and to strengthen its balance sheet.</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Settlement and delivery of new shares
pursuant to rights held through the European clearing systems or directly in the European rights register is expected to take
place on 8 April 2016.&nbsp; Delivery of new shares to holders of rights through DTC or the New York rights register is expected
to take place on 11 April 2016.&nbsp; The new shares are expected to be admitted to trading on the European stock exchanges<FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><SUP>[2]</SUP></FONT>&nbsp;on
8 April 2016 and on the New York Stock Exchange on 11 April 2016.&nbsp;</P><HR ALIGN="LEFT" SIZE="1" STYLE="width: 33%">

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><SUP>1</SUP></FONT>
<FONT STYLE="font-size: 8pt">Based on the 10 March 2016 published European Central Bank euro/USD exchange rate used to set the
subscription price in euros. The subscription price in euros was set to generate gross proceeds in EUR equivalent to approximately
USD 3bn based on that rate i.e. EUR 2.78 bn</FONT></P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-family: Arial, Helvetica, Sans-Serif; font-size: 10pt"><SUP>2</SUP></FONT>
<FONT STYLE="font-size: 8pt">The Luxembourg Stock Exchange, Euronext Amsterdam, Euronext Paris and the Bolsas de</FONT></P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">Valores of Madrid, Barcelona, Bilbao and Valencia</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-size: 10pt">Page 1 of 3</FONT></P>


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">Ends</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 9pt/150% Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 9pt/150% Arial, Helvetica, Sans-Serif; margin: 0"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 9pt/150% Arial, Helvetica, Sans-Serif; margin: 0">This press release 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 supervisory authority for the
financial sector (<I>Commission de Surveillance du Secteur Financier</I> &#8211; CSSF) and the United States Securities and Exchange
Commission (the &#8220;SEC&#8221;) made or to be made by ArcelorMittal, including ArcelorMittal&#8217;s latest Annual Report on
Form 20-F filed with the SEC, ArcelorMittal undertakes no obligation to publicly update its forward-looking statements, whether
as a result of new information, future events, or otherwise.</P>

<P STYLE="font: 9pt/150% Arial, Helvetica, Sans-Serif; margin: 0"><B><BR>
For readers in the European Economic Area</B></P>

<P STYLE="font: 9pt/150% Arial, Helvetica, Sans-Serif; margin: 0">This press release does not constitute an offer to sell, or the
solicitation of an offer to buy or subscribe for, any securities of ArcelorMittal within the meaning of Luxembourg law and/or the
laws of any other member state of the European Economic Area. This document does not constitute a prospectus within the meaning
of EC Directive 2003/71/EC of the European Parliament and of the Council dated 4 November 2003, as amended (the &#8220;Prospectus
Directive&#8221;), which expression includes any relevant implementing measure in the member state concerned, and should not be
the basis for any agreement or decision to invest. Any offering of securities or new admission will be based exclusively on a prospectus
prepared for that purpose. Further, ArcelorMittal has not authorized any offer to the public of securities in any member state
of the European Economic Area that has implemented the Prospectus Directive, other than Luxembourg, the Netherlands, France and
Spain, (each such state other than Luxembourg, the Netherlands, France and Spain, a &#8220;Relevant Member State&#8221;). With
respect to each Relevant Member State, no action has been undertaken or will be undertaken to make an offer to the public of securities
requiring publication of a prospectus in any Relevant Member State. For the offering of subscription rights in Luxembourg, the
Netherlands, France and Spain, a European securities prospectus has been approved by the Luxembourg supervisory authority for the
financial sector (<I>Commission de Surveillance du Secteur Financier</I> &#8211; CSSF) and passported into the Netherlands, France
and Spain subsequent to notification having been given to the competent regulatory authorities in those jurisdictions. The European
securities prospectus is available for download on the internet site of ArcelorMittal (www.arcelormittal.com). Copies of the prospectus
are also available upon request and free of charge at 24-26, boulevard d&#8217;Avranches, L-1160 Luxembourg, Grand-Duchy of Luxembourg.<BR>
<BR>
</P>

<P STYLE="font: 9pt/150% Arial, Helvetica, Sans-Serif; margin: 0">In each Relevant Member State this communication is only addressed
to, and directed at, qualified investors in that Relevant Member State within the meaning of the Prospectus Directive.<BR>
<BR>
</P>

<P STYLE="font: 9pt/150% Arial, Helvetica, Sans-Serif; margin: 0">This press release contains regulated information within the
meaning of the Transparency Directive 2004/109/EC and implementing laws and regulations, which must be made publicly available
pursuant to Luxembourg law.<BR>
<BR>
</P>

<P STYLE="font: 9pt/150% Arial, Helvetica, Sans-Serif; margin: 0">This press release contains advertising materials in connection
with the Offer as referred to in the Market Abuse Directive 2003/6/EC and implementing laws and regulations.</P>

<P STYLE="font: 9pt/150% Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>


<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-size: 10pt">Page 2 of 3</FONT></P>

<!-- Field: Page; Sequence: 2 -->
    <DIV STYLE="margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 9pt/150% Arial, Helvetica, Sans-Serif; margin: 0"><B><BR>
For readers in the United Kingdom</B></P>

<P STYLE="font: 9pt/150% Arial, Helvetica, Sans-Serif; margin: 0">This communication is only being distributed to, and is only
directed at, (i) persons who are outside the United Kingdom or (ii) investment professionals falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the &#8220;Order&#8221;) or (iii) high net worth companies,
and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons
together being referred to as &#8220;relevant persons&#8221;). The subscription rights and new shares are only available to, and
any invitation, offer or agreement to subscribe for, purchase or otherwise acquire such subscription rights or new shares will
be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any
of its contents.</P>

<P STYLE="font: 9pt/150% Arial, Helvetica, Sans-Serif; margin: 0"><B><BR>
For readers in the United States</B></P>

<P STYLE="font: 9pt/150% Arial, Helvetica, Sans-Serif; margin: 0">ArcelorMittal has filed a registration statement (including a
prospectus) with the United States Securities and Exchange Commission (the &#8220;SEC&#8221;) for the offering to which this communication
relates. Before you invest, you should read the prospectus in that registration statement, the supplement to that prospectus ArcelorMittal
and other documents ArcelorMittal has filed with the SEC for more complete information about ArcelorMittal and this offering. You
may get these documents free of charge by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, ArcelorMittal, any
underwriter or any dealer participating in the offering will arrange to send you the prospectus after filing if you request it
by writing or telephoning ArcelorMittal at ArcelorMittal USA LLC, 1 South Dearborn Street, 19th Floor, Chicago, IL 60603, Attention:
Ms. Lisa M. Fortuna, Manager, Investor Relations, telephone number: (312) 899-3985.</P>

<P STYLE="font: 9pt/14pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt/14pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 9pt/14pt Arial, Helvetica, Sans-Serif; margin: 0">The Banks, each of which are authorised in the United Kingdom
by the Prudential Regulation Authority and regulated in the United Kingdom by the Financial Conduct Authority and the Prudential
Regulation Authority, are each acting exclusively for the Company and for no-one else in connection with any transaction mentioned
in this announcement and will not regard any other person (whether or not a recipient of this announcement) as a client in relation
to any such transaction and will not be responsible to any other person for providing the protections afforded to their respective
clients, or for advising any such person on the contents of this announcement or in connection with any transaction referred to
in this announcement.</P>

<P STYLE="font: 7pt/14pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P><P STYLE="font: 8pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-size: 10pt">Page 3 of 3</FONT></P>





</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>arcelormittal-logo1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 arcelormittal-logo1.jpg
M_]C_X  02D9)1@ ! 0$ 8 !@  #_X1#X17AI9@  34T *@    @ ! $[  (
M   /   (2H=I  0    !   (6IR=  $    >   0TNH<  <   @,    /@
M   <Z@    @
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M                                                 %!A=6P@5&5P
M<&5R;6%N    !9 #  (    4   0J) $  (    4   0O)*1  (    #,3@
M )*2  (    #,3@  .H<  <   @,   (G      <Z@    @
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M
M                         #(P,3$Z,#<Z,30@,3(Z,C@Z,C< ,C Q,3HP
M-SHQ-" Q,CHR.#HR-P   %  80!U &P ( !4 &4 < !P &4 <@!M &$ ;@
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M*BHJ*BHJ*BHJ*BHJ*BHJ*BHJ*BK_P  1" !L .\# 2(  A$! Q$!_\0 'P
M 04! 0$! 0$           $" P0%!@<("0H+_\0 M1   @$# P($ P4%! 0
M  %] 0(#  01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T? D,V)R@@D*%A<8
M&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U=G=X
M>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)
MRM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0 'P$  P$! 0$! 0$!
M 0        $" P0%!@<("0H+_\0 M1$  @$"! 0#! <%! 0  0)W  $" Q$$
M!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O 58G+1"A8D-.$E\1<8&1HF)R@I
M*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$A8:'
MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7
MV-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H # ,!  (1 Q$ /P#Z1HHHH **** "
MBBB@ HHHH **** "BBB@ HHHH **** "BBB@ HHK \8^)T\+:$;O8);B1O+@
MC/0MZGV%14J1IP<Y;(VHT9UZD:5-7;T1OT5\Z:AXS\0ZE,SW&JW"@G(2)S&H
M^@%0V_BG7K5MT.KWJGWF8C\B:\1YU2OI%V/K5PEB.6[J*_S_ #_X!](T5X=I
MWQ5\161473PWJ#J)8\'\UQ7::/\ %K1KXK'J<4FGR'C<?G3\QR/RKLI9GAJN
ME[/S_JQY>)X>Q^'5^7F7]W7\-_P.]HJ&TO;:_MUGLKB.XB;H\;!A^E35Z*::
MNCP6G%V>X4444Q!1110 4444 %%%% !1110 4444 %%%% !1110 4444 %%%
M% !1110 5YM\9H)&TG39U!\N.9U;V) Q_(UVFJ^)M&T4'^TM0AA<?\L]VY_^
M^1S7!^)?B;X?U.QDL/[*GU"%B#^\?R@2#D$$9/\ *O-Q]6BZ,J4II-_UT/?R
M7#XN.*IXBG2<HI^GEN[+\3E?AQINF:IXL6WU>-94\IFBB<_*[C'!]>,G'M7L
M<GA+P_*FU]&LL>T*BO&H_&XL95DT;0=*L73E)/*,DB_1F-/D^)OBF0Y%^J>R
MPI_A7D83%X7#T^2:YGWM_F?3YEEN8XZNJM*7(K;.7^5T>DZA\+O#5Z"8;>6S
M<_Q02''Y-D5QVK_"#4K8-)I%W%>(/^6<G[M_\#^8K&3XF>*4.3J"M_O0I_A5
MZV^+?B&)AYR6DX]&B(/Z$4ZE?+:V\&O16_(FC@L^POPU5)=FV_S5_P 3GE;7
M_".H9'VK39QV((#?T8?G7>^'?BZKE(/$<&P]/M, X_X$O^'Y5 OQ9LM0MS;:
M_H*3PM]X(X<?]\L/ZUCWND>#]=)D\/:K_9=PW_+K? K&3Z!^<?F:SIR=%WPM
M6Z[/3\_T-Z\(8M<N98=Q?\T=?Q5VOG='M%E?6NHVJW-A<1W$+='C;(JQ7SQ%
M+XB\#ZBLD;26I;D$'=#,/J/E85Z?X4^)FGZV4M=3"V-Z>!D_NY#['L?8_G7K
MX;,H57R55RR\SY?'Y#6P\?;8=^TI]UNOZ[K\#N****]4^<"BBB@ HHHH ***
M* "BBB@ HHHH **** "BBB@ HK/UG7-/T"Q-WJ<XB3HJ]6<^BCN:\;\4_$C4
M]>+V]D6L;$\;$/SN/]IOZ#]:X<5CJ6&7O:OL>QEV48G,'>"M'N]OEW/2/$7Q
M%T702T,<GVZ[7CR8#D*?]IN@_4UYAKGQ'U[6BT:7'V&W/'E6WRG'NW4UB:1H
M6I:]=>1I=J\[?Q,!A4]R>@KTW0/A%:6X6;Q!<&ZDZ^1"2J#ZGJ?TKQ/:X['N
MT-(_<OOZGUWU;*,F5ZSYI^>K^2V7S^\\JM;.\U*Y\NT@FNIF/2-2Q-=;IGPJ
M\0WP5[I8;%#_ ,]GRWY+G]:]HL=.L],MQ!I]K%;1C^&- O\ ^NK-=E')J:UJ
MROZ:'EXKBNO+3#P45YZO_+\SPOQ?\/+GPOID-ZES]LB+;9F$>WRR>G<\&LCP
MD-&DUZ*#Q% 9+6?Y XD*^6QZ$X/3M^-?0E[9P:A936EW&)(9D*.I[@U\\^*O
M#EQX8UR2RFRT1^>"7'#IV_'L:XL?@UA9QJTU>/9Z_P!7/6R;-)9E2GAJ\K5-
M;-:.WE;JOR^9["?AEX58?\@]A[B=_P#&JL_PG\-R@^6MU"?]B;/\P:J?#+QE
M_:EFNC:C)_IENO[EV/\ K4';ZC^7XUZ#7LT:.$Q%-3C!:^1\IB\3F>!KNC4J
MRNO-ZKN>87GP9@()T_5I%/99X@WZ@C^5<UJ7PM\1V(+00Q7J#O _/Y'!KW2B
MHJ95AI[*WHS:AQ)F%)^])27FO\K'S4\FK:.'L[E9[=&^];SH=I_X">/QK/8[
MF)"A<]AT%?3MY86FH0&&^MHKB,]5E0,/UKAM=^$FF7H:71IFL)3R(VR\9_J/
M\\5Y5?**T5^[ES+\3Z+!<3X6;M7AR-]5JO\ /\SE/!WQ*N]%,=EK!>[L.@8\
MR1#V]1[?E7LMG>6^H6<=U93+-!*-R.IX(KY\UCP;KFB3E+NPD=,_++"I=&_$
M?UKU+X5Z9J6F^&YO[222%)IM\,4@(*C')QVS_2NG+*^(53V%5.R[]#AX@P>!
ME1^N8>23;V6S_P""=Q1117T!\0%%%% !1110 4444 %%%% !1110 5%=2M!:
M32HAD:-&8(/XB!G%2T4F-.SU/FK6M:U#Q#JC76H2-+*QPB#H@_NJ.U=MX2^%
MD]\J7OB+?;P'E;8<.X_VC_"/;K]*]+B\-:+#J9U&+3+=;LG=YH3G/KZ ^]:E
M>)0RE*;G7?,_ZW/KL9Q+*5%4<''D5ON\E_G^17L;"TTRT6VL+>.WA3HD:X'_
M ->K%%%>VDDK(^1E)R?-)W84444Q!6#XO\+P>*=%:V?"7,?SV\N/NMZ'V/>M
MZBHJ4XU(N$E=,UHUIT*BJTW9K8^972^T'6"K;[6]M).W!5A_G\:^A/"VKR:[
MX9L]1GC\N29/G4=,@D$CV.,TW5O">B:Y=I<ZG8)-,@P'R5)'H<$9_&M6&&*V
M@2&"-8XHU"HBC 4#L!7FX' U,+4E[UXL]_-\WHYC1IKDM-;O]%^>NP^BBBO5
M/FPHHHH **** "BBD9E1"SD!5&23V% "T5Y9X8^+\FN^//[*N+**'3;J1XK*
MX&=S,O3)/!S[="17J= !1110 4444 %%%% !17%^ /&MWXNO=<AN[:&!=.N1
M'$8LY926'.3U^7K[UVE !1110 445YM\2OB?=>"M:L;#3[."Y:2/SIS*3PN2
M !@\'@\\T >DT56TZ^BU/3+:^MSF*YB65/HPR/YUY]\2OBC<>"]:L].TZT@N
MI'C\ZX\TGY5)P ,="<'D^W% 'I5%06=TE[I\%W$#LGB651[$9'\ZYOP5XU?Q
M?+J:/I-QI_V&81@RG._.?8888Y'N* .KHKE=&\;QZOX\U;PVMDT1TY=WGE\^
M9R >,<=?6CQ?XXC\)ZIHUG)9-<_VG/Y6X/M\L949Z<_>''M0!U5%%% !117%
MP^-KN7XN3^%#;0BTCMO,$O._=M#>N,<XZ4 =I1110 4444 %<7\5O$']@> +
MPQ/MN;W_ $6''7+?>(^BY_2NTKQ+XG:G>Z[\3-.TC2-.?51HP%Q+:(>)')#$
M'';&T?B: %\4^#I?#WPDT'4;--FHZ+(MU*P'.9""WY-M_ 5Z[H>JPZYH-EJ=
MN?W=U"L@'H2.1^!R/PKS75/%?CG5M)NM/N_A](T-U$T3CS#T(QZ5-\#]6G72
M=0\-:BK17>ESDB*3AE5CR/P8'\Z ,R_^(/BR+XD:YH&C1_;Y7;R;& HNV C!
M+D_3/4XK=N_%&N_#WP)]H\7W46J:U=3E;2*,8 R!PQ &0.3P.X%9O@U%;X_^
M*7*@LL38/I\R4GQ:VCXA>##>?\>?VCYL_=SYB9S^&* )[?2_BWJ-HNIMKME8
MRNH=+!HU&!U /R'!^I-;NO\ C74/!W@:TNM?MH9M>N/W26T!)1Y/7Z8P3CN<
M"NXKQSXQ?;O^$\\)?83")/,_T?[1_JO-\Q<;O;[M %]-+^+EU:C4SK=E;SD;
MUTXQK@?[)^4C/U/XUTGP]\;OXLL;FWU*W%IJ^GOY5W .!GD;@.W((([$5D[?
MBY_?\/?^/TG@7P;XETKQSJGB'Q'+8J;^$J\=HQ(9RRG."./NG\Z ,SX*D+J?
MBXL< 7BDD_[TE*?%GB[X@:]>6G@6:'3=)LWV/?RJ"9#[9!Z]@!TZFLWX;>:=
M+^(7V?/FY?9CKG$N*Z+X%>1_PKQO*V^9]LD\W'7.%QG\,4 9Z>+?%O@'Q!9V
M/CR:'4=+O6V1W\2@&,^^ .F>01TZ&K_Q9\9ZGX2N?#\FF3[()IG>Y145C*B[
M/EY]F--^/!@_X5_%YNWS/ML?E9ZYVMG],U@?$U'>+X>I=C<[%1(&[G]SG- '
M7>#9/'>K:Z=9\0O#8:/-&3#IVT;P#]TGC(/U.?:N1UK2AXS^,GB*RV[UM-):
M*,^DFQ=O_CSFO:Z\I^$N=3\9>,-</(ENO+0^VYC_ ""T :_P9U<ZC\/H;64_
MOM.E:V8'J .5_0X_"N U2S/C&_\ B!KY'F16,(@MF_W&!)'X1G_OJM*VU7_A
M7WC7QO8D[(I[5KVT7MO/*@?BY'_ :Z?X:>'?)^$30S+F75HI9I,]3O!5?_'0
M/SH W/AK??VA\-]%F+;BMN(B?="5_P#9:YSX?^)/$?BJP\40R:A&+NWG*64K
MQ+MA)W8X Y P.N:7X%WAE\#7%D_W[*\="/0$ _S)JC\#_P#7^*/^OU?YO0!R
M_A73?%[_ !:UB"TUFUBU.'F]N'CRDR[ER -OT].E6/BU8^)4\9Z0UWJEO+%/
M>'^S%2/;]G^9,;N.?X?7I70>"_\ DO?BS_KFW_H24GQD_P"1I\&_]?G_ +/'
M0!T6L^*-0\ > $NO$US#JFKLYBB\I=BRL<D9X' '4X%8%E9?%K4K-=8.L65H
M[KYD>G/&H!'4 _*<?B<^I%1_&OC6_")N?^//[6WFYZ?>CSG\,UZW0!Y)X*^(
M'B#Q!\4GTS4T^QP1VK)-8[!A)4 W$'KUSWZ&G6G_ "<U=_\ 7E_[36H=*,!_
M::U+[/C'V8[\?WO*3/ZU-:?\G-7?_7E_[36@#UFBBB@ HHHH #G''6O/?AKX
M2U;2M6US7?$T*QZCJ$Y"J'#83))(([$X_!:]"HH *\\D\):OIWQJB\0Z1 K:
M;?0E;YMX&TXP>.IR0IX[YKT.B@#S[PSX5U;3OBYXAUN[@5+"[CQ!*'!WDE3T
MZC&#UK:\>^"X/&V@?8VE^SW4+>9;3XSL;T/L?\#VKIZ* /*K6\^+NFVBZ9_9
M6GWK(-B7[R*3@< GYQG\16YK_@>_\7^!K2SU^\A77;8^:EW N$63TX[8P"1W
M&:[FB@#RRWU#XNZ?;KI[:1I]^Z#:MZ\B\^Y^<9_*NG\$:+XFT\7E[XNU<WMU
M=D%;9#F. #/3@#//;CCO7644 >??#+PIJOAR^\1OK%NL:7MV&APX;>H+G/'0
M?,.M9#^#_%W@/7[R]\ K;W^F7C;WT^=@-A]!DCIG@@].HKUBB@#RB+P=XL\<
M^(;/4/'ZV]EIUDV^+3X&!WG/0X)ZX&23G'%:WQ+\*:KXBUCPS/I,"RQ6-V6G
M)<+L4LASSU'RGI7H-% $-X)6L9UML&8QL(\G W8X_6N+^$WA?4/"_A2>+681
M#>W-TTKIN#8& !DCCL?SKNJ* /*OBS\/-3\5:WI=]HD*NQ7[/=,7"[%W95N>
MHY;]*]/L[6.QL8+2 8B@C6-!Z # _E4U% ' ?#GPMJWAC7_$JWL*QV%U="2T
M<.#O&6.<#IP1UI/A;X5U;PS+KYU>!81=W8:'#AMZC=\W'0<CK7H%% 'GWAGP
MKJVF_%OQ%K=W J6%XF()0X.\DJ>G48P>M'Q)\*:MXBU[PS<Z5 LL5E=;KABX
M78NY#GGK]T]*]!HH YSQSX/M_&GAM].FD\F9&\RWFQGRW'K[')!KC+&7XN:9
M9KHZZ?I]UL7RX]1DD!VJ. 3\PS^*Y^M>K44 >3>"_AYKOAWXGOJFHR_;+=[5
MFEO2X_>2N!N&.O7/;I6Q;^%=6C^.5QXA:!1ICVFU9MXY;8%QCKG(->@T4 %%
)%% !1110!__9

end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
