Tender status of Mittal’s offer for Arcelor

Pursuant to applicable Luxembourg law, Mittal Steel informs the market that, to its knowledge, as of 12 July 2006, one day prior the closing of the offer, after closing of the markets in Europe, 109,306,317 Arcelor shares and 4,744,432 Arcelor convertible bonds have been tendered in its offer for such securities. The number of Arcelor shares tendered in the offer represents 17.63% of the voting rights of Arcelor. Mittal Steel informs the market that, since the tender offer procedure is centralized, definitive information relating to the number of Arcelor securities tendered in the offer will be known only after the closing of the offer after the centralization procedures have been completed. As from 14 July 2006, Mittal Steel will stop issuing daily reports on the tenders in the Offer. All tenders in the Offer will be centralized in each jurisdiction where the Offer has been made and then by Société Générale, acting as global centralising agent for the offer. Once all of the tender information relating to the Offer has been centralised by the global centralising agent, the latter will verify the tender information, count the tendered Arcelor securities, complete the pro-ration procedure among each of the secondary cash and exchange offers as described in the offer prospectus, as supplemented, and calculate the aggregate results of the offer, broken down by type of offer. This centralisation and calculation phase will take up to nine business days, as set forth in the Offer prospectus, as supplemented. The final results of the offer will be published on 26 July 2006.
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