ArcelorMittal Completes Its Transaction for Strategic Business Combination of Laser Welding Business with Noble International

ArcelorMittal Completes Its Transaction for Strategic Business Combination of Laser Welding Business with Noble International

ArcelorMittal and Noble International, Ltd. (NASDAQ: NOBL) (”Noble”), North America’s largest producer of laser-welded steel products, announced today that they completed the transaction to combine their laser-welded tailored blanks businesses. ArcelorMittal and Noble had previously announced on 16 March 2007 that they had signed a definitive agreement for the combination of their businesses.

Under the terms of the transaction announced today, ArcelorMittal will receive from Noble, in exchange for its laser-welded blanks business in western and eastern Europe, China, India and United States (”TBA”), consideration of approximately US$300 million, which will consist of approximately $131,250,000 in a combination of cash, a Noble note and assumption of certain TBA financial obligations and 9,375,000 shares of Noble common stock.

ArcelorMittal will be the largest stockholder of Noble, owning approximately 40% of the issued and outstanding common shares. ArcelorMittal will also obtain four of nine seats on Noble’s board of directors.

As part of the transaction Noble acquired eight production facilities, including one facility in the United States, plus interest in two joint ventures in Asia. Noble now operates 23 production facilities worldwide

Noble and ArcelorMittal entered into a transition services and steel supply agreement to support the Company’s European operations. Noble will have access to ArcelorMittal’s automotive related research and development efforts.

Michel Wurth, Member of the ArcelorMittal Group Management Board said: “The completion of this transaction is great news for both businesses. The combination of our leading position in Europe with Noble’s leading position in the US will create a truly global business, for the benefit of our global automotive customers.”

About ArcelorMittal

ArcelorMittal is the world’s number one steel company, with 320,000 employees in more than 60 countries. The company brings together the world’s number one and number two steel companies, Arcelor and Mittal Steel.

ArcelorMittal is the leader in all major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in 27 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.

ArcelorMittal key pro forma financials for 2006 show combined revenues of USD 88.6 billions, with a crude steel production of 118 million tonnes, representing around 10 per cent of world steel output.

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid (MTS) and Valencia.

Contacts

ArcelorMittal
Investor Relations
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ArcelorMittal Communications
E-mail: press@arcelormittal.com
Phone: +352 4792 5000
ArcelorMittal Corporate Communications
Nicola Davidson +44 207 543 1162 / 1172
Jean Lasar +352 4792 2359
Maitland Consultancy:
Tom Siveyer / Martin Leeburn +44 20 7379 5151
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Charles-Hubert Gernaert, Comfi, +32 2 290 90 90
North America
Bill Steers +1 312 899 3817
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Leon Melens, Smink, Van der Ploeg & Jongsma,
+31 20 647 81 81
Germany
Phoebe Kebbel, Herring Schuppener, +49 69 92 18 74 77
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Anne France Malrieu / Grégoire Lucas,
Image 7 +33 1 5370 7470
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Ignacio Agreda +34 94 489 4162
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