ArcelorMittal announces the issuance of €500 million Notes under
its €3 billion EMTN Programme
Luxembourg, [29] March 2012 - ArcelorMittal ("ArcelorMittal" or
"the Issuer") announces the issuance of € 500 million 4.500 per
cent. Notes due 29 March 2018.
The closing of the issuance has been completed today. The Notes
have been issued under the €3 billion wholesale Euro Medium Term
Notes Programme of the Issuer.
The proceeds of the issuance will be used to refinance existing
indebtedness of the Issuer.
Important note: This press release does not, and shall not, in
any circumstances constitute a public offering by ArcelorMittal of
the Notes nor an invitation to the public in connection with any
offer. No communication and no information in respect of the
issuance of the Notes may be distributed to the public in any
jurisdiction where a registration or approval is required. No steps
have been or will be taken in any jurisdiction where such steps
would be required. The offering or purchase of the Notes may be
subject to specific legal or regulatory restrictions in certain
jurisdictions. ArcelorMittal takes no responsibility for any
violation of any such restrictions by any person.
This press release is an advertisement and not a prospectus
within the meaning of Directive 2003/71/EC of the European
Parliament and the Council of November 4th, 2003 (as amended and as
implemented in each member State of the European Economic Area (the
"Member States"), the ("Prospectus Directive"). The base prospectus
(as supplemented by two prospectus supplements) and the final terms
prepared by the Issuer in connection with the issuance of the Notes
have been prepared on the basis that any offer of Notes in any
Member State of the European Economic Area which has implemented
the Prospectus Directive (each, a "Relevant Member State") will be
made pursuant to an exemption under the Prospectus Directive, as
implemented in that Relevant Member State, from the requirement to
publish a prospectus for offers of the Notes. Accordingly any
person making or intending to make an offer in that Relevant Member
State of the Notes may only do so in circumstances in which no
obligation arises for the Issuer or the Joint Lead Managers to
publish a prospectus pursuant to Article 3 of the Prospectus
Directive or supplement a prospectus pursuant to Article 16 of the
Prospectus Directive, in each case, in relation to such offer. The
Issuer and the Joint Lead Managers have not authorized the making
of any offer of Notes in any other circumstances. The base
prospectus (as supplemented by two prospectus supplements) and the
final terms referred to above have been filed with the Commission
de Surveillance du Secteur Financier of Luxembourg and the
Luxembourg Stock Exchange, respectively, and are available on
www.arcelormittal.com.
This press release is not an invitation nor is it intended to be
an inducement to engage in investment activity for the purpose of
Section 21 of the Financial Services and Markets Act 2000 of the
United Kingdom (the "FSMA"). This press release is only being
distributed to and is only directed at (i) persons who are outside
the United Kingdom; (ii) persons who are investment professionals
within the meaning of Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (as amended) of
the United Kingdom (the "Financial Promotion Order"); and (iii)
high net worth entities, and other persons to whom it may lawfully
be communicated, falling within Article 49(2)(a) to (d) of the
Financial Promotion Order (all such persons together being referred
to as "relevant persons"). Any Notes will only be available to, and
any invitation, offer, agreement to subscribe, purchase or
otherwise acquire such Notes, or inducement to engage in any
investment activity included within this press release is available
only to, relevant persons and will be engaged in only with relevant
persons. Anyone other than a relevant person must not act or rely
on this press release or any of its contents.
This press release does not constitute an offer to sell or a
solicitation of an offer to purchase any securities in the United
States. The Notes have not been and will not be registered under
the U.S. Securities act of 1933, as amended (the "Securities Act")
or the laws of any state within the U.S., and may not be offered or
sold in the United States or to or for the account or benefit of
U.S. Persons, except in a transaction not subject to, or pursuant
to an applicable exemption from, the registration requirements of
the Securities Act or any state securities laws. This press release
and the information contained herein may not be distributed or sent
into the United States, or in any other jurisdiction in which
offers or sales of the Notes would be prohibited by applicable laws
and should not be distributed to United States persons or
publications with a general circulation in the United States. No
offering of the Notes has been made or will be made in the United
States.
In connection with the issuance of the Notes, HSBC Bank plc, in
its capacity, as Stabilising Manager (or persons acting on behalf
of any Stabilising Manager) may over-allot the Notes or effect
transactions with a view to supporting the market price of the
Notes at a level higher than that which might otherwise prevail.
However, there is no assurance that the Stabilising Manager (or
persons acting on behalf of the Stabilising Manager) will undertake
stabilisation actions. Any stabilisation action may begin on or
after the date on which adequate public disclosure of the terms of
the offer of the Notes is made and, if begun, may be ended at any
time, but it must end no later than the earlier of 30 days after
the issue date of the Notes and 60 days after the date of the
allotment of the Notes. Any stabilisation action or over-allotment
must be conducted in accordance with all applicable laws and
rules.
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
"believe," "expect," "anticipate," "target" or similar expressions.
Although ArcelorMittal's management believes that the expectations
reflected in such forward-looking statements are reasonable,
investors and holders of ArcelorMittal'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 Commission de Surveillance du Secteur Financier of
Luxembourg and the United States Securities and Exchange Commission
made or to be made by ArcelorMittal. ArcelorMittal undertakes no
obligation to publicly update its forward-looking statements,
whether as a result of new information, future events, or
otherwise.
About ArcelorMittal
ArcelorMittal is the world's leading steel and mining company,
with a presence in more than 60 countries.
ArcelorMittal is the leader in all major global carbon steel
markets, including automotive, construction, household appliances
and packaging, with leading R&D and technology. The Group also
has a world class mining business with a global portfolio of over
20 mines in operation and development, and is the world's 4th
largest iron ore producer. With operations in over 22 countries
spanning four continents, the Company covers all of the key
industrial markets, from emerging to mature, and has outstanding
distribution networks.
Through its core values of sustainability, quality and
leadership, ArcelorMittal commits to operating in a responsible way
with respect to the health, safety and well-being of its employees,
contractors and the communities in which it operates. It is also
committed to the sustainable management of the environment. It
takes a leading role in the industry's efforts to develop
breakthrough steelmaking technologies and is actively researching
and developing steel-based technologies and solutions that
contribute to combat climate change. ArcelorMittal is a member of
the FTSE4Good Index and the Dow Jones Sustainability World
Index.
In 2011, ArcelorMittal had revenues of $94.0 billion and crude
steel production of 91.9 million tonnes, representing approximately
6 per cent of world steel output. The Group's mining operations
produced 54 million tonnes of iron ore and 8 million tonnes of
metallurgical coal.
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).
For more information about ArcelorMittal visit:
www.arcelormittal.com.
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