<SEC-DOCUMENT>0000903423-16-001119.txt : 20160628
<SEC-HEADER>0000903423-16-001119.hdr.sgml : 20160628
<ACCEPTANCE-DATETIME>20160628142524
ACCESSION NUMBER:		0000903423-16-001119
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20160628
FILED AS OF DATE:		20160628
DATE AS OF CHANGE:		20160628

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:		161735718

	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>arcelor6k_0628.htm
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<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">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</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">&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">Dated June 28, 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&#8217;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&#8217;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: 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;Form 40-F &#9744;</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">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 &#9744;&#9;No
</FONT>&#9746;</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 &#8220;Yes&#8221; 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: 12pt 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; text-indent: 0.5in">On June 28, 2016, ArcelorMittal
issued the press release attached hereto as Exhibit 99.1 and 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="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Exhibit 99.1</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">&nbsp;</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Press release dated June 28, 2016, announcing the early tender results of ArcelorMittal&#8217;s offer to purchase for cash up to $600,000,000 aggregate principal amount of its outstanding 5.125% Notes due June 1, 2020, 5.250% Notes due August 5, 2020 and 5.500% Notes due March 1, 2021.</FONT></TD></TR>
</TABLE>
<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">&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">ARCELORMITTAL</P>

<P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0">Date: June 28, 2016</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: <U>/s/ Henk Scheffer&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></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>Group Compliance Officer</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%"></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="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 11pt Times New Roman, Times, Serif; margin: 0 0 6pt">Exhibit 99.1</P>
        <P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-indent: 0.5in">&nbsp;</P></TD>
    <TD STYLE="font: 12pt Times New Roman, Times, Serif; padding-right: 5.4pt; padding-bottom: 6pt; padding-left: 5.4pt"><FONT STYLE="font-size: 11pt">Press release dated June 28, 2016, announcing the early tender results of ArcelorMittal&#8217;s offer to purchase for cash up to $600,000,000 aggregate principal amount of its outstanding 5.125% Notes due June 1, 2020, 5.250% Notes due August 5, 2020 and 5.500% Notes due March 1, 2021.</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>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>arcelor6kex991_0628.htm
<TEXT>
<HTML>
<HEAD>
<TITLE></TITLE>
</HEAD>
<BODY>


<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify"></P>

<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>

<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="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt/150% Arial, Helvetica, Sans-Serif; margin: 0 0 8pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 14pt/150% Arial, Helvetica, Sans-Serif; margin: 0"><B>ArcelorMittal Announces Early Tender Results for its Offers
to Purchase for Cash Up to $600,000,000 Aggregate Principal Amount of its Outstanding Notes Listed Below</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; border-collapse: collapse; font-family: Arial, Helvetica, Sans-Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 29%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: bold 8.5pt/9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">Title
        of Security</P></TD>
    <TD STYLE="width: 17%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: bold 8.5pt/9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">CUSIP/ISIN</P></TD>
    <TD STYLE="width: 15%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: bold 8.5pt/9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">Principal
        Amount Tendered</P></TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: bold 8.5pt/9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">Early
        Tender Premium<SUP>(1)</SUP></P></TD>
    <TD STYLE="width: 12%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: bold 8.5pt/9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">Clearing
        Premium<SUP>(2)</SUP></P></TD>
    <TD STYLE="width: 15%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: bold 8.5pt/9pt Arial, Helvetica, Sans-Serif; margin: 0; text-align: center; border-bottom: Black 0.5pt solid">Total
        Consideration<SUP>(3)</SUP></P></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"><FONT STYLE="font-size: 8.5pt">5.125% Notes due June 1, 2020</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 8.5pt">03938LAY0/ US03938LAY02</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 8.5pt">$110,936,000</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; line-height: 14pt; text-align: center"><FONT STYLE="font-size: 8.5pt">$50</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; line-height: 14pt; text-align: center"><FONT STYLE="font-size: 8.5pt">$42.50</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; line-height: 14pt; text-align: center"><FONT STYLE="font-size: 8.5pt">$1,051.25</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"><FONT STYLE="font-size: 8.5pt">5.250% notes due August 5, 2020<SUP>(4)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 8.5pt">03938LAQ7/ US03938LAQ77</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 8.5pt">$144,901,000</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; line-height: 14pt; text-align: center"><FONT STYLE="font-size: 8.5pt">$50</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; line-height: 14pt; text-align: center"><FONT STYLE="font-size: 8.5pt">$42.50</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; line-height: 14pt; text-align: center"><FONT STYLE="font-size: 8.5pt">$1,063.75</FONT></TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt"><FONT STYLE="font-size: 8.5pt">5.500% notes due March 1, 2021<SUP>(5)</SUP></FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 8.5pt">03938LAU8/ US03938LAU89</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 12pt; text-align: center"><FONT STYLE="font-size: 8.5pt">$320,464,000</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; line-height: 14pt; text-align: center"><FONT STYLE="font-size: 8.5pt">$50</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; line-height: 14pt; text-align: center"><FONT STYLE="font-size: 8.5pt">$42.50</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; line-height: 14pt; text-align: center"><FONT STYLE="font-size: 8.5pt">$1,053.75</FONT></TD></TR>
</TABLE>
<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin: 1pt 5.5in 1pt 0in"><DIV STYLE="font-size: 1pt; border-top: Black 0.5pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.45pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-size: 8.5pt">(1)</FONT></TD><TD><FONT STYLE="font-size: 8.5pt">Per $1,000 principal amount of Notes validly tendered at or prior to the Early Tender Time (as
defined herein) and not validly withdrawn.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.45pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-size: 8.5pt">(2)</FONT></TD><TD><FONT STYLE="font-size: 8.5pt">Per $1,000 principal amount of Notes validly tendered. Determined in accordance with the modified
&#8220;Dutch Auction&#8221; procedure described in the section &#8220;The Offers&#8212;Description of the Offers&#8212;Clearing
Premium and Total Consideration&#8221; in the Offer to Purchase (as defined herein).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.45pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-size: 8.5pt">(3)</FONT></TD><TD><FONT STYLE="font-size: 8.5pt">Per $1,000 principal amount of Notes validly tendered at or prior to the Early Tender Time and
not validly withdrawn. Includes the Early Tender Premium (as defined herein). Does not include Accrued Interest (as defined herein).</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.45pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-size: 8.5pt">(4)</FONT></TD><TD><FONT STYLE="font-size: 8.5pt">The interest rate on the August 2020 Notes increased pursuant to an interest adjustment clause
applicable to the August 2020 Notes and is currently 6.250%.</FONT></TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin-top: 0; margin-bottom: 0"><TR STYLE="vertical-align: top">
<TD STYLE="width: 3.45pt"></TD><TD STYLE="width: 17.85pt"><FONT STYLE="font-size: 8.5pt">(5)</FONT></TD><TD><FONT STYLE="font-size: 8.5pt">The interest rate on the 2021 Notes increased pursuant to an interest adjustment clause applicable
to the 2021 Notes and is currently 6.500%.</FONT></TD></TR></TABLE>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 0 21.3pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0">June 28, 2016 &#8211; ArcelorMittal (the &#8220;<B>Company</B>&#8221;
or &#8220;<B>ArcelorMittal</B>&#8221;) announces the early tender results of its tender offers (the &#8220;<B>Offers</B>&#8221;)
to purchase for cash up to the Maximum Tender Amount (as defined herein) in the aggregate of its outstanding 5.125% Notes due June
1, 2020 (CUSIP 03938LAY0/ ISIN US03938LAY02) (the &#8220;<B>June 2020 Notes</B>&#8221;), 5.250% notes due August 5, 2020 (CUSIP
03938LAQ7/ ISIN US03938LAQ77) (the &#8220;<B>August 2020 Notes</B>&#8221;) and 5.500% notes due March 1, 2021 (CUSIP 03938LAU8/
ISIN US03938LAU89) (the &#8220;<B>2021 Notes</B>&#8221; and, together with the June 2020 Notes and the August 2020 Notes, the &#8220;<B>Notes</B>&#8221;).</P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0 0 0 21.3pt">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0">This announcement does not contain the full terms and conditions
of the Offers, which are contained in the offer to purchase dated June 14, 2016 (as it may be amended or supplemented from time
to time, the &#8220;<B>Offer to Purchase</B>&#8221;), and is subject to the offer restrictions set out below and more fully described
in the Offer to Purchase.</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">The table above sets forth information with respect to the
Notes that were validly tendered at or prior to 5:00 p.m., New York City time, on June 27, 2016 (such time, the &#8220;<B>Early
Tender Time</B>&#8221;) and not withdrawn and accepted for purchase pursuant to the Offers. At the Early Tender Time, the Company
determined a single Clearing Premium of $42.50 based on the Bid Premiums (as defined in the Offer to Purchase) for all Notes tendered
at or prior to the Early Tender Time in accordance with the modified &#8220;Dutch Auction&#8221; procedure described in the section
&#8220;The Offers&#8212;Description of the Offers&#8212;Clearing Premium and Total Consideration&#8221; in the Offer to Purchase.
The &#8220;<B>Total Consideration</B>&#8221; set forth in the table above for each $1,000 principal amount of Notes validly tendered
at or prior to the Early Tender Time and not validly withdrawn and accepted for purchase pursuant to the Offers is equal to the
sum of: (i) the Minimum Bid Price for the relevant Series and (ii) the Clearing Premium determined in accordance with this modified
&#8220;Dutch Auction&#8221; procedure. The Total Consideration includes an early tender premium of $50 per $1,000 principal amount
of Notes (the &#8220;<B>Early Tender Premium</B>&#8221;).</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">Page 1 of 5</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">&nbsp;</P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0">Subject to the terms and conditions set forth in the Offer
to Purchase, with respect to all such Notes validly tendered at or prior to the Early Tender Time and not validly withdrawn and
accepted for purchase pursuant to the Offers, the Company expects to pay the Total Consideration, together with any Accrued Interest,
to the Holders on the second Business Day after the Early Tender Time (such date, the &#8220;<B>Early Settlement Date</B>&#8221;).</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">Notes may be validly tendered at any time on or before 11:59
p.m., New York City time, on July 12, 2016, unless extended or earlier terminated (as may be extended or earlier terminated, the
&#8220;<B>Expiration Time</B>&#8221;). Notes must be tendered in accordance with the procedures set forth in the Offer to Purchase.
Holders who validly tender their Notes after the Early Tender Time but at or prior to the Expiration Time will only be eligible
to receive the &#8220;<B>Tender Consideration</B>&#8221;, which is the applicable Total Consideration minus the Early Tender Premium,
plus any Accrued Interest. Any Notes validly tendered after the Early Tender Time and at or prior to the Expiration Time will be
deemed to have been tendered with a Bid Price equal to the Tender Consideration, regardless of the Bid Price the Holder thereof
specifies. The terms and conditions applicable to Holders&#8217; Bid Prices and the bidding procedure are described in the section
&#8220;The Offers&#8212;Description of the Offers&#8212;Bidding Procedure&#8221; in the Offer to Purchase.</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">The &#8220;<B>Maximum Tender Amount</B>&#8221; is $600 million
in aggregate principal amount of the Notes. Notes tendered at or prior to the Early Tender Time are being accepted for purchase
in priority to Notes tendered after the Early Tender Time. Taking into account the $576,301,000 aggregate principal amount of Notes
accepted for purchase as of the Early Tender Time pursuant to the Offers, the portion of the Maximum Tender Amount available for
Notes tendered after the Early Tender Time and at or prior to the Expiration Time is equal to $23,699,000. Notes tendered may be
subject to proration in the event that the Offers are oversubscribed at the Expiration Time, as described in the section &#8220;The
Offers&#8212; Description of the Offers&#8212;Priority of Acceptance and Proration&#8221; in the Offer to Purchase.<B> </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">The Total Consideration and Tender Consideration, as applicable,
with respect to the Notes accepted for purchase pursuant to the Offers will be payable in cash. In addition to the Total Consideration
or Tender Consideration, as applicable, Holders who tender Notes that are accepted for purchase pursuant to the Offers will also
be paid accrued and unpaid interest from, and including, the immediately preceding interest payment date applicable to such Notes
to, but excluding, the applicable Settlement Date (the &#8220;<B>Accrued Interest</B>&#8221;).</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">With respect to Notes validly tendered after the Early Tender
Time but at or prior to the Expiration Time and accepted for purchase pursuant to the Offers, the Company expects to pay the Tender
Consideration, together with any Accrued Interest, to the Holders thereof on the second Business Day after the Expiration Time
(such date the &#8220;<B>Final Settlement Date</B>&#8221;; each of the Early Settlement Date and the Final Settlement Date, a &#8220;<B>Settlement
Date</B>&#8221;).</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">Payment of the aggregate consideration for Notes accepted
for purchase pursuant to the Offers is expected to be made on the Early Settlement Date or the Final Settlement Date, as applicable,
on which date the Company will deposit with DTC the amount of cash necessary to pay the Total Consideration or Tender Consideration,
as applicable, plus any Accrued Interest, in respect of the Notes accepted for purchase pursuant to the Offers on the relevant
Settlement Date.</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 will fund the Offers with existing cash resources.
The Offers are being made to reduce gross debt through the early repayment of medium-term maturing bonds.</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">The &#8220;<B>Withdrawal Deadline</B>&#8221; with respect
to the Offers was 5:00 p.m., New York City time, on June 27, 2016. Notes already tendered pursuant to the Offers may no longer
be withdrawn, and any Notes tendered after the Withdrawal Deadline and at or prior to the Expiration Time may not be withdrawn.</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">Barclays Capital Inc., BNP Paribas, Citigroup Global Markets
Limited and J.P. Morgan Securities LLC have been appointed to serve as dealer managers for the Offers. D.F. King has been retained
to serve as the information agent and tender agent in connection with the Offers.</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">For additional information regarding the terms of the Offers,
please contact Barclays Capital Inc. by email at <U>liability.management@barclays.com</U> or by telephone at +1 800 438 3242 (toll
free within the U.S.), collect at +1 212 528 7581 or +44 20 3134 8515 (London), BNP Paribas at +1 888 210 4358 (toll free within
the U.S.) or collect at +1 212 841 3059, Citigroup Global Markets Limited by email at <U>liabilitymanagement.europe@citi.com</U>
or by telephone at +44 20 7986 8969 (London), +1 800 558 3745 (toll free within the U.S.) or collect at +1 212 723 6106 or J.P.
Morgan Securities LLC at +1 866 834 4666 (toll free within the U.S.) or collect at +1 212 834 3424. Requests for documents and
questions regarding the tender of Notes may be directed to D.F. King via email: <U>arcelor@dfkingltd.com</U> or</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">Page 2 of 5</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: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0">telephone: London: +44 (0)20 7920 9700, New York: +1 800 814
4284 (toll free within U.S.) or collect at + 1 212 269 5550, and Hong Kong: +852 3953 7230.</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">A copy of the Offer to Purchase is available at <FONT STYLE="color: Navy"><U>http://www.dfking.com/arcelor
</U></FONT>and may also be obtained at no charge from D.F. King.</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">None of ArcelorMittal, the dealer managers or the information
and tender agent makes any recommendation as to whether any holder of the Notes should tender or refrain from tendering all or
any portion of the principal amount of the Notes, or the price at which any such Notes should be tendered.</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">Capitalized terms used and not defined herein have the meanings
ascribed to them in the Offer to Purchase.</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"><B>Important Information</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">This press release is neither an offer to purchase nor a solicitation
to buy any Notes nor is it a solicitation for acceptance of the Offers. The Company is making the Offers only by, and pursuant
to the terms of, the Offer to Purchase. The Offers are not being made to (nor will tenders of Notes be accepted from or on behalf
of) holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities,
blue sky or other laws of such jurisdiction. This announcement must be read in conjunction with the Offer to Purchase.</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; text-align: center">###</P>

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

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B>United Kingdom</B>. The communication of the Offer to Purchase
and any other documents or materials relating to the Offers has not been approved by an authorized person for the purposes of section
21 of the Financial Services and Markets Act 2000 (the &#8220;<B>FSMA</B>&#8221;). Accordingly, such documents and/or materials
are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such
documents and/or materials is exempt from the restriction on financial promotions under section 21(1) of the FSMA on the basis
that it is only directed at and may only be communicated to: (1) persons who are outside the United Kingdom (2) investment professionals
falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the &#8220;<B>Order</B>&#8221;));
(3) those persons who are existing members or creditors of the Company or other persons within Article 43(2) of the Order; (4)
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 or (5) any other persons to whom such documents and/or materials may lawfully be communicated in circumstances in which
section 21(1) of the FSMA does not apply to the Company (all such persons together being referred to as &#8220;<B>relevant</B>
<B>persons</B>&#8221;). The Offer to Purchase and any other documents are materials relating to the Offers are only available to
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: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B>France</B>. The Offers are not being made, directly or
indirectly, to the public in the Republic of France. The Offer to Purchase and any other documents or offering material relating
to the Offers may not be distributed or caused to be distributed to the public in the Republic of France. Only (a) persons providing
investment services relating to portfolio management for the account of third parties (<I>personnes fournissant le service d&#8217;investissement
de gestion de portefeuille pour compte de tiers</I>) and/or (b) qualified investors (<I>investisseurs qualifi&eacute;s</I>) acting
for their own account, other than individuals (each a &#8220;<B>Qualified Investor</B>&#8221;) as defined in, and in accordance
with, Articles L. 411-1, L. 411-2 and D. 411-1 of the French <I>Code mon&eacute;taire et financier</I> and applicable regulations
thereunder, are eligible to participate in the Offers. Neither the Offer to Purchase, nor any other such offering material has
been submitted for clearance to the <I>Autorit&eacute; des march&eacute;s financiers</I>.</P>

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

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B>Italy</B>. None of the Offers, the Offer to Purchase or
any other documents or materials relating to the Offers have been or will be submitted to the clearance procedure of the <I>Commissione
Nazionale per le Societ&agrave; e la Borsa</I> (&#8220;<B>CONSOB</B>&#8221;) pursuant to applicable Italian laws and regulations.
The Offers are being carried out in the Republic of Italy (&#8220;<B>Italy</B>&#8221;) as exempted offers pursuant to article 101-<I>bis</I>,
paragraph 3-<I>bis</I> of the Legislative Decree No. 58 of February 24, 1998, as amended (the &#8220;<B>Financial Services Act</B>&#8221;)
and article 35-<I>bis</I>, paragraph 4 of CONSOB Regulation No. 11971 of May 14, 1999, as amended. Holders or beneficial owners
of the Notes that are resident or located in Italy can tender their Notes for purchase through authorized persons (such as investment
firms, banks or financial intermediaries permitted to conduct such activities in Italy in accordance with the Financial Services
Act, CONSOB Regulation No. 16190 of October 29, 2007, as amended, and Legislative Decree No. 385 of September 1, 1993, as amended)
and in compliance with any other applicable laws and regulations and with any requirements imposed by CONSOB or any other Italian
authority. Each intermediary must</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">Page 3 of 5</P>


<!-- 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: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0">comply with applicable laws and regulations concerning information
duties <I>vis-&agrave;-vis</I> its clients in connection with the Notes or the Offer to Purchase.</P>

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

<P STYLE="font: 10pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B>Belgium</B>. Neither the Offer to Purchase nor any other
document or materials relating to the Offers has been, or will be, submitted or notified to, or approved by, the Belgian Financial
Services and Markets Authority (&#8220;<I>Autorit&eacute; des services et march&eacute;s financiers&#8221;/&#8220;Autoriteit voor
Financi&euml;le Diensten en Markten</I>&#8221;). The Offers are not being made in Belgium by way of a public offering within the
meaning of Articles 3, &sect;1, 1&deg; and 6, &sect;1 of the Belgian Law of April 1, 2007 on public takeover bids (&#8220;<I>loi
relative aux offres publiques d&#8217;acquisition&#8221;/&#8220;wet op de openbare overnamebiedingen</I>&#8221;), as amended from
time to time. Accordingly, the Offer to Purchase may not be, and is not being, advertised and the Offers will not be extended and
the Offer to Purchase and any other documents or materials relating to the Offers may not, has not, and will not, be distributed,
directly or indirectly, to any person in Belgium other than to &#8220;qualified investors&#8221; (&#8220;<I>investisseur&nbsp;qualifi&eacute;&#8221;/&#8220;gekwalificeerde
belegger</I>&#8221;) within the meaning of Article&nbsp;10,&nbsp;&sect;1 of the Belgian Law of June 16, 2006 on the public offering
of securities and the admission of securities to trading on a regulated market (&#8220;<I>loi relative aux offres publiques d'instruments
de placement et aux admissions d'instruments de placement &agrave; la n&eacute;gociation sur des march&eacute;s r&eacute;glement&eacute;s&#8221;/&#8220;wet
op de openbare aanbieding van beleggingsinstrumenten en de toelating van beleggingsinstrumenten tot de verhandeling op een gereglementeerde
markt</I>&#8221;) (as amended from time to time), as referred to in Article 6, &sect;3, of said Belgian Law of April 1, 2007 on
public takeover bids. Insofar as Belgium is concerned, the Offers are made only to qualified investors, as this term is defined
above. Accordingly, the information contained in the Offer to Purchase or in any other documents or materials relating to the Offers
may not be used for any other purpose or disclosed or distributed to any other person in Belgium.</P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="font-size: 10pt">&nbsp;Page 4 of 5</FONT></P>

<P STYLE="font: 8.5pt/14pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I></I></B></P>


<!-- Field: Page; Sequence: 4 -->
    <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: 8.5pt/14pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/14pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>About ArcelorMittal </I></B></P>

<P STYLE="font: 8.5pt/14pt Arial, Helvetica, Sans-Serif; margin: 0"><B><I>&nbsp;</I></B></P>

<P STYLE="font: 8.5pt/14pt Arial, Helvetica, Sans-Serif; margin: 0"><I>ArcelorMittal is the world's leading steel and mining company,
with a presence in 60 countries and an industrial footprint in 19 countries. Guided by a philosophy to produce safe, sustainable
steel, we are the leading supplier of quality steel in the major global steel markets including automotive, construction, household
appliances and packaging, with world-class research and development and outstanding distribution networks. </I></P>

<P STYLE="font: 8.5pt/14pt Arial, Helvetica, Sans-Serif; margin: 0"><I>&nbsp;</I></P>

<P STYLE="font: 8.5pt/14pt Arial, Helvetica, Sans-Serif; margin: 0"><I>Through our core values of sustainability, quality and leadership,
we operate responsibly with respect to the health, safety and wellbeing of our employees, contractors and the communities in which
we operate. </I></P>

<P STYLE="font: 8.5pt/14pt Arial, Helvetica, Sans-Serif; margin: 0"><I>For us, steel is the fabric of life, as it is at the heart
of the modern world from railways to cars and washing machines. We are actively researching and producing steel-based technologies
and solutions that make many of the products and components people<FONT STYLE="color: #1F497D"><B> </B></FONT>use in their<FONT STYLE="color: red"><B>
</B></FONT>everyday lives more energy efficient. </I></P>

<P STYLE="font: 8.5pt/14pt Arial, Helvetica, Sans-Serif; margin: 0"><I>&nbsp;</I></P>

<P STYLE="font: 8.5pt/14pt Arial, Helvetica, Sans-Serif; margin: 0"><I>We are one of the world&#8217;s five largest producers of
iron ore and metallurgical coal and our mining business is an essential part of our growth strategy. With a geographically diversified
portfolio of iron ore and coal assets, we are strategically positioned to serve our network of steel plants and the external global
market. While our steel operations are important customers, our supply to the external market is increasing as we grow. </I></P>

<P STYLE="font: 8.5pt/14pt Arial, Helvetica, Sans-Serif; margin: 0"><I>&nbsp;</I></P>

<P STYLE="font: 8.5pt/14pt Arial, Helvetica, Sans-Serif; margin: 0"><I>In 2015, ArcelorMittal had revenues of US$63.6 billion and
crude steel production of 92.5 million tonnes, while own iron ore production reached 62.8 million tonnes. </I></P>

<P STYLE="font: 8.5pt/14pt Arial, Helvetica, Sans-Serif; margin: 0"><I>ArcelorMittal is listed on the stock exchanges of New York
(MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia
(MTS). </I></P>

<P STYLE="font: 8.5pt/14pt Arial, Helvetica, Sans-Serif; margin: 0"><BR>
<I>For more information about ArcelorMittal please visit: <FONT STYLE="color: Navy"><U>http://corporate.arcelormittal.com/</U></FONT></I></P>

<P STYLE="font: 8.5pt/normal Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Arial, Helvetica, Sans-Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 53%; border-top: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="width: 47%; border-top: Black 1pt solid; border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8.5pt"><B>Contact information ArcelorMittal Investor Relations</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8.5pt">Europe</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8.5pt">+35247923198</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8.5pt">Americas</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8.5pt">+13128993985</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8.5pt">Retail</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8.5pt">+35247923198</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8.5pt">SRI</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8.5pt">+442075431156</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8.5pt">Bonds/Credit</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8.5pt">+33171921026</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8.5pt"><B>Contact information ArcelorMittal Corporate Communications</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 8.5pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 8.5pt Arial, Helvetica, Sans-Serif; margin: 0">E-mail:</P></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 8.5pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P>
        <P STYLE="font: 8.5pt Arial, Helvetica, Sans-Serif; margin: 0"><FONT STYLE="color: Navy"><U>press@arcelormittal.com</U></FONT></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8.5pt">Phone:</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8.5pt">+442076297988</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8.5pt"><B>ArcelorMittal Corporate Communications</B></FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 8.5pt Arial, Helvetica, Sans-Serif; margin: 0">Sophie Evans</P>
        <P STYLE="font: 8.5pt Arial, Helvetica, Sans-Serif; margin: 0">Paul Weigh</P></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 8.5pt Arial, Helvetica, Sans-Serif; margin: 0">+442032142882</P>
        <P STYLE="font: 8.5pt Arial, Helvetica, Sans-Serif; margin: 0">+442032142419</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8.5pt">France</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8.5pt">Image 7</FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt"><FONT STYLE="font-size: 8.5pt">Sylvie Dumaine / Anne-Charlotte Creach </FONT></TD>
    <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 8.5pt Arial, Helvetica, Sans-Serif; margin: 0">+33153707470</P>
        <P STYLE="font: 8.5pt Arial, Helvetica, Sans-Serif; margin: 0">&nbsp;</P></TD></TR>
</TABLE>
<P STYLE="font: 8.5pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-right: 0; margin-left: 0">&nbsp;</P>

<P STYLE="font: 8.5pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-right: 0; margin-left: 0">&nbsp;</P>

<P STYLE="font: 8.5pt Arial, Helvetica, Sans-Serif; text-align: justify; margin-right: 0; margin-left: 0"><FONT STYLE="font-size: 10pt">Page
5 of 5<B><I>&nbsp;</I></B></FONT></P>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<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
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)%% !1110!__9

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