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ArcelorMittal yesterday launched an offering of €500,000,000 3.125 percent notes due December 13, 2028 (the ‘2028 Notes’) and €500,000,000 3.500 percent notes due December 13, 2031 (the ‘2031 Notes’) and together with the 2028 Notes, the ‘Notes’ “).

The Notes will be issued under ArcelorMittal’s €10,000,000,000 wholesale Euro Medium Term Notes Program.

The proceeds from the issuance will be used for general corporate purposes and for the refinancing of existing debt.

The offering is expected to close on December 13, 2024, subject to customary closing conditions.

Important note: In no event does this press release constitute a public offer by ArcelorMittal of the Notes, nor an invitation to the public in connection with any offer. No communications or information relating to the issue of the Notes may be distributed to the public in any jurisdiction where registration or approval is required. No action has been and will not be taken in any jurisdiction where such action would be required. The offering or purchase of the Notes may be subject to specific legal or regulatory restrictions in certain jurisdictions. ArcelorMittal assumes no responsibility for any violation of such restrictions by anyone.

This press release is an advertisement under the Prospectus Regulation (EU) 2017/1129 (the “Prospectus Regulation”). A prospectus has been published in accordance with the Prospectus Regulation, which can be obtained on the Luxembourg Stock Exchange website at www.luxe.com.

The base prospectus of ArcelorMittal’s €10 billion wholesale Euro Medium Term Note Program dated December 15, 2023 and the supplement to the base prospectus dated November 22, 2024, which together constitute a base prospectus (the “Base Prospectus”), and the final prospectus 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 Relevant State of the European Economic Area (each a “Relevant State”) will be made pursuant to an exemption under the Prospectus Regulation, as implemented in that Relevant State, from the requirement to publish a prospectus for offers of the Notes.

In each Relevant State of the European Economic Area, this communication is only addressed to qualified investors in that Relevant State within the meaning of the Prospectus Regulation.

This press release is being distributed to and is only addressed to (i) persons located outside the United Kingdom, (ii) investment professionals covered by Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 ( the “Order”) or (iii) entities with a high net worth, and other persons to whom this can be lawfully communicated, falling under Article 49(2)(a) to (d) of the Order (all these persons together are referred to as ‘relevant persons’). Any Notes will be available only to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such Notes will be entered into only with relevant persons. Any person who is not a Relevant Person should not act or rely on this document or its contents.

Notwithstanding any assessment of the target market, distributors should note that: the price of the Notes may decline and investors may lose all or part of their investment; the Notes do not provide guaranteed income or capital protection; and an investment in the Notes is only compatible with investors who do not require guaranteed income or capital protection, who (alone or in conjunction with an appropriate financial or other advisor) are able to assess the benefits and risks of such investment and who have have sufficient resources to cover any resulting losses. The assessment of the target market is without prejudice to any contractual, legal or regulatory sales restrictions relating to the offer.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States. The Notes have not been and will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”) or the laws of any state within the United States and may not be offered or sold in the United States or to or for the account or benefit of US 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 transmitted into the United States or any other jurisdiction where the offer or sale of the Notes would be prohibited by applicable law, and may not be distributed to U.S. persons or publications with a general distribution in the United States. No offering of the Notes has been made or will be made in the United States.

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About ArcelorMittal

ArcelorMittal is one of the leading integrated steel and mining companies in the world, with a presence in 60 countries and primary steel production operations in 15 countries. It is the largest steel producer in Europe, one of the largest in the Americas, and has a growing presence in Asia through its AM/NS India joint venture. ArcelorMittal sells its products to a wide range of customers, including the automotive, engineering, construction and machinery industries, and generated sales of $68.3 billion in 2023, producing 58.1 million tons of crude steel and 42.0 million tons of iron ore.

Our goal is to produce smarter steels for people and planet. Steel made using innovative processes that use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steel for the sustainable energy infrastructure that will support societies as they transform throughout this century. With steel at our core, our resourceful people and an entrepreneurial culture at our core, we will support the world in making that change.

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).