Notice to the shareholders of ArcelorMittal Luxembourg (formerly Arcelor Luxembourg and originally incorporated under the name ARBED) formerly listed under ISIN LU0006047129
THIS NOTICE APPEARS FOR REGULATORY PURPOSES AND IS NOT ADDRESSED TO THE SHAREHOLDERS OF ARCELORMITTAL
Luxembourg, 26 September 2014
This notice is addressed to the shareholders of ArcelorMittal Luxembourg only and is published by ArcelorMittal having its registered office at 19, avenue de la Liberté, L-2930 Luxembourg solely in its capacity as majority shareholder of ArcelorMittal Luxembourg within the meaning of the Squeeze Out Law (as defined below).
By press release dated 8 September 2014, ArcelorMittal informed the shareholders of ArcelorMittal Luxembourg (hereafter“AM Luxembourg”) of the proposed price of the shares of AM Luxembourg concerned by the squeeze-out and held by the minority shareholders in accordance with articles 4 (5) and 10 (4) of the Squeeze Out Law, consisting in an amount of 776.13 EUR per share.
By this press release, ArcelorMittal informs the shareholders of AM Luxembourg of the position adopted by the board of directors of AM Luxembourg with respect to the price proposed by ArcelorMittal for the shares concerned by the squeeze-out.
1. Position of the board of directors of AM Luxembourg with respect to the price proposed by ArcelorMittal
The CSSF, in accordance with the possibility offered to it under article 4 (5) of the Squeeze Out Law, requested the board of directors of AM Luxembourg (the “Board”) to take a position with respect to the price proposed by ArcelorMittal.
The position of the Board in this regard is as follows:
«The Board noted that the price proposed by ArcelorMittal amounts to EUR 776.13 per share.
The Board acknowledged the valuation report and heard the explanations of KPMG on the content of the mission assigned to them by ArcelorMittal under the Squeeze Out Law, on the valuation, on the objective and adequate methods applying to asset disposals implemented by KPMG and on the conclusions of the valuation report.
After having been provided with answers to its questions and on the basis of (i) all the information at its disposal and(ii) the evaluation methods applied and explained by KPMG, the Board is of the view, at the unanimity of its members present and represented, that the proposed price reflects a fair price of the ArcelorMittal Luxembourg share.»
2. Methods of communication used by ArcelorMittal and/or AM Luxembourg during the squeeze out procedure
This press release, as well as all subsequent press releases from ArcelorMittal relating to the squeeze out procedure will be dispatched through the usual channels of communication used by ArcelorMittal (i.e. by dispatch to the press in Luxembourg,Belgium, France and Germany). This press release will also be published on the website of the Luxembourg Stock Exchange (Bourse de Luxembourg) as non-regulated information.
These press releases, the valuation report of the independent expert as well as a copy of the letter sent by AM Luxembourg to the shareholders registered in the shareholders’ register reflecting the position of the Board with respect to the price proposed by ArcelorMittal (the “Letter”) may be consulted throughout the mandatory squeeze out procedure by internet under the following addresses: http://luxembourg.arcelormittal.com/Press/2014/ and http://corporate.arcelormittal.com/news-and-media/press-releases/2014.
 This is a free translation of the position of the Board as included in the French version of the press release. In case of discrepancy, the original French version shall prevail.
AM Luxembourg will ensure that a copy of these documents including a copy of the Letter is sent to all its shareholders by registered letter to their address mentioned in the register of shareholders. Moreover, AM Luxembourg will publish this press release and all further press releases in the Tageblatt, the Quotidien and the Mémorial C, Recueil des Sociétés et Associations.
All the documents related to the squeeze out procedure will be freely available for consultation without cost throughout the mandatory squeeze out procedure to all the holders of the securities concerned by the squeeze out at AM Luxembourg at 24-26, boulevard d’Avranches, L-1160 Luxembourg, Grand-Duché de Luxembourg, attention : « ArcelorMittal Company Secretary », and with the persons in charge of receiving the certificates formerly representing bearer shares concerned by the squeeze out, namely:
Mrs Viviane Rocha / Mr Henk Scheffer
Phone: + 352 4792 2187
The present press release is published, at the request of the CSSF, pursuant to article 4 (5) of the Sqeeze Out Law.