Jul 14 2006
Pursuant to applicable Luxembourg law, Mittal Steel Company N.V. informs the market that, to its knowledge, as of July 12, 2006, one day prior the closing of the offer, after closing of the markets in Europe, 109,306,317 Arcelor shares and 4,744,432 Arcelor convertible bonds have been tendered in its offer for such securities. The number of Arcelor shares tendered in the offer represents 17.63% of the voting rights of Arcelor. 1 Mittal Steel informs the market that, since the tender offer procedure is centralized, definitive information relating to the number of Arcelor securities tendered in the offer will be known only after the closing of the offer after the centralization procedures have been completed. As a consequence, the figures set forth above cannot be relied upon as an accurate representation of the number of Arcelor securities actually tendered in the offer, nor as an indication of the possible result of the offer.
As from today, Mittal Steel will stop issuing daily reports on the tenders in the Offer. As from July 14, all tenders in the Offer will be centralized in each jurisdiction where the Offer has been made (i.e., Belgium, France, Luxembourg, Spain and the U.S.) and then by Société Générale, acting as global centralising agent for the offer. Once all of the tender information relating to the Offer has been centralised by the global centralising agent, the latter will verify the tender information, count the tendered Arcelor securities, complete the pro-ration procedure among each of the secondary cash and exchange offers as described in the offer prospectus, as supplemented, and calculate the aggregate results of the offer, broken down by type of offer. This centralisation and calculation phase will take up to nine business days, as set forth in the Offer prospectus, as supplemented. The final results of the offer will be published on July 26, 2006.
While in the process of verifying and counting the Arcelor securities tendered in the offer, once the global centralising agent has determined that, on a preliminary basis, the minimum tender condition of the offer (i.e., 50% of Arcelor outstanding shares on a fully diluted basis as set forth in the Offer prospectus, as supplemented) is met, Mittal Steel will issue a press release to inform the market to that effect.
As at the date hereof, Mittal Steel holds no Arcelor shares and no Arcelor convertible bonds.
No Offer
No offer to exchange or purchase any Arcelor shares or convertible bonds has been or will be made in The Netherlands or in any jurisdiction other than Luxembourg, Belgium, Spain, France and the United States. This document does not constitute an offer to exchange or purchase any Arcelor shares or convertible bonds. Such an offer is made only pursuant to the official offer document approved by the appropriate regulators.