Mr Kleber Silva – Executive Vice President , Head of Iron Ore - ArcelorMittal groupDecember - 2014

ArcelorMittal in Algeria at a glanceUK- Algeria Investment Forum - London

The world’s leading steel and mining company

* Latin America includes Mexico.

Market position by region

Leader inNorth America

Leader in Latin America*

No 1 inEurope

Major producer

in the CIS

Leader in

Africa

ArcelorMittalOthers

Emerging markets continue to offer the best organic growth potential for ArcelorMittal

• Superior demand growth potential• We have the platform and

experience:– Already the steel market

leader in the Americas, Europe and Africa and top-four producer in the CIS

– Brazil is one of our franchise businesses

– We also have JV projects in the Middle East and China

Industrial and commercial network focus on our franchise businesses

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Global scale delivering synergies

Brazil*

Revenues ($bn) 16.0 7.5 30.5 3.9 6.3

% Group** 26% 12% 50% 6% 10%

EBITDA ($bn) 0.9 1.3 1.7 1.1 0.5

% Group** 16% 24% 32% 20% 9%

Shipments (M mt) 17.3 7.5 30.0 47.4*** 9.7

% Group 27% 12% 46% 15%

~227,000 employees serving customers in over 170 countries

Europe Mining ACIS

The presentation in this slide reflects the reporting segments that the Company intends to adopt as from its first quarter 2014 results.  The change in segments results from the Company’s organizational and

management restructuring announced in December 2013.  * Brazil includes neighboring countries ** Figures for others and eliminations are not shown;

*** Iron ore shipments only (market price plus cost plus tonnage)

NAFTA

Global scale, regional leadership - world’s leading steel and mining company

Key performance data 9M 2014 ($ billion)

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ArcelorMittal presence in Algeria Based in Annaba El hadjar, and Tebessa; ArcelorMittal Algeria and ArcelorMittal Tebessa are one of the leaders among the largest enterprises of Mining and Steel complex.

• Covers production transformation from iron ore mining up to finished metal products, supplying the infrastructure projects.

• With a workforce of 5400 employees, ArcelorMittal in Algeria is committed to further develop its engagement with the country and contribute to industrial and economic development in Algeria through planned investment of $796 Million to increase the capacity to 2.2 Million tons of steel and the same capacity in Tebessa mines.

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In the Algerian growing market, ArcelorMittal can rely on a number of unique competitive advantages

The economic framework for encouraging foreign investments

Excellent partnership with Sider and Ferphos

Captive iron ore, connected to the plant by railway

Port facilities, connected to the plant by railway

Complete distribution network (9 depots) through-out Algeria

Completely integrated plant, good infrastructure and layout

Production of all 3 forms of steel: Long, Flat & Tubes

Significant part of the manpower educated and skilled

A long history of brand, not only linked to ArcelorMittal, but also to “El-Hadjar”

Business Development in Algeria• The plan is consisting on :

– Reaching a sustainable production level of 2.2MT, targeting mainly the domestic market in long, with some opportunistic exports in flat oriented towards its natural markets in N Africa (particularly Tunisia – 200kms)

– Investing in (2014-2018) strategic developments, both at the mines level and steel

• This investment is mainly concentrated on:– BF relining in order to stabilize a 1.2 MT capacity reliability productivity improvement projects– New electrical furnace and rolling mill to reach 2.2 MT production, mainly in long products– Tebessa Mines capacity development to follow the development of steel production. Objective to reach

2.2 MT by 2016– Railway rehabilitation to support the mines growth programs and ensure transport from Tebessa to

Annaba.– Port facilities dredging

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Enable Annaba and Tebessa to play a key role in the Algerian steel industry

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Human Capital Development

• Intensive training will be provided to employees in order to adapt to the new technologies planned;– On the Job training programms– Managerial trainings– Transfer of Know how and benefit from a worldwide leader steel and mining company

• Social Stability pact signed with unions and backed by union leaders.

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Transform ArcelorMittal Annaba and Tebessa into a great place to work through modern equipment and skilled jobs

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Thank you