ArcelorMittal (referred to as “ArcelorMittal”, or the “Company”) (MT (New York, Amsterdam, Brussels, Luxembourg, Paris) MTS (Madrid)), the world’s leading steel company, today announced results for the three and nine month periods ended September 30, 2009.

Highlights for the three months ended September 30, 2009:

Shipments of 18.2 million tonnes, up 7% as compared to Q2 2009
EBITDA1 of $1.6 billion, up 30% as compared to Q2 2009
Net income of $0.9 billion in Q3 2009
Cash flow from operations of $2.4 billion in Q3 2009
Dividend to be maintained at $0.75 per share for 2010
Industrial and financial plan targets achieved ahead of schedule:

$2.2 billion of annualized sustainable cost reduction achieved as of Q3 2009
Working capital rotation days target2 achieved, down to 83 days in Q3 2009 from 98 days in Q2 2009
Net debt reduced to $21.6 billion, down by $10.9 billion over last twelve months
New initiatives:

Selected growth projects reinitiated in some key emerging markets
Financial policy adjusted with new gearing3 and Net debt/average EBITDA4 targets
Strategic investment in 1 million tonne Indian re-roller Uttam Galva
Successful debut 30-year bond issuance of $1.0 billion on October 1, 2009
Guidance for fourth quarter of 2009:

EBITDA expected to be between $2.0 - $2.4 billion
Commenting, Mr. Lakshmi N. Mittal, Chairman and CEO, ArcelorMittal, said:
"As anticipated, we have seen the first signs of recovery in the third quarter. In response to this increased demand, a number of our facilities have now been re-started, and we expect fourth quarter crude steel capacity utilization to be approximately 70%. We should continue to see further gradual improvement through 2010, although the operating environment remains challenging."

Financial highlights (on the basis of IFRS5, amounts in US$ and Euros6 ):

(In millions of U.S. dollars except earnings per share and shipments data)

Results U.S. Dollars
Q3 2009 Q2 2009 Q3 2008 9M 2009 9M 2008
Shipments (Million MT) 18.2 17.0 25.6 51.1 84.6
Sales $16,170 $15,176 $35,198 $46,468 $102,847
EBITDA 1,589 1,221 8,580 3,693 21,670
Operating income / (loss)7 305 (1,184) 5,467 (2,362) 15,702
Net income / (loss) 903 (792) 3,821 (952) 12,031
Basic earnings / (loss) per share $0.60 $(0.57) $2.79 $(0.67) $8.66

(In millions of Euros except earnings per share and shipments data)

Results Euros
Q3 2009 Q2 2009 Q3 2008 9M 2009 9M 2008
Shipments (Million MT) 18.2 17.0 25.6 51.1 84.6
Sales €11,305 €11,142 €23,387 €34,015 €67,582
EBITDA 1,111 896 5,701 2,703 14,240
Operating income / (loss) 213 (869) 3,633 (1,729) 10,318
Net income / (loss) 631 (581) 2,539 (697) 7,906
Basic earnings / (loss) per share €0.42 €(0.42) €1.85 €(0.49) €5.69