Announcement

Ref.: Price evolution for sections in Q1 / 2012

To our valued customers,

In view of the current market developments in Europe, we expect apparent demand for sections to rise in Q1-2012.

Against this background, ArcelorMittal Commercial Sections S.A. will increase European sections prices by:

+30 €/t in the small, medium and heavy size ranges, applicable on all new orders for January 2012 shipments.

We thank you for your understanding.

November 22, 2011.

ArcelorMittal Commercial Sections S.A.