Blackrock Inc. shareholding notification

Rhea-AI Summary

On July 1, 2022, ArcelorMittal announced that BlackRock, Inc. notified them of a shareholding change, dropping below 5% in voting rights as of June 30, 2022. This notification complies with Luxembourg’s Transparency Law regarding shareholding thresholds. ArcelorMittal continues to be a leading steel and mining company, generating $76.6 billion in revenue and producing 69.1 million metric tonnes of crude steel in 2021. Their commitment is to create innovative, eco-friendly steel solutions to support future societal transformations.

Positive

• ArcelorMittal remains a global leader in the steel and mining sector, indicating strong market presence.
• Reported revenues of $76.6 billion and production of 69.1 million metric tonnes of crude steel in 2021 highlight strong operational performance.

Negative

• None.

4 July 2022, 17:00 CET

ArcelorMittal (the ‘Company’) announces that on 1 July 2022 it received a shareholding notification from BlackRock, Inc. According to the notification, the following threshold of (potential) voting rights was reached:

-  below 5% on 30 June 2022.

This notification is available in the Luxembourg Stock Exchange’s OAM electronic database on www.bourse.lu and on the Company’s website corporate.arcelormittal.com  under ‘Investors - Corporate Governance - Shareholding structure’.

This notification is published in reference to the Luxembourg law and the Grand Ducal regulation of 11 January 2008, on transparency requirements for issuers of securities (‘Transparency Law’) in view of a shareholding notification going above or below the 5% of voting rights threshold.

ENDS

About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 16 countries. In 2021, ArcelorMittal had revenues of $76.6 billion and crude steel production of 69.1 million metric tonnes, while iron ore production reached 50.9 million metric tonnes.

Our purpose is to produce ever smarter steels that have a positive benefit for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future.

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).

For more information about ArcelorMittal please visit: http://corporate.arcelormittal.com/

Contact information ArcelorMittal Investor Relations
General	+44 20 7543 1128
Retail	+44 20 3214 2893
SRI	+44 20 3214 2801
Bonds/Credit E-mail	+33 171 921 026 investor.relations@arcelormittal.com
Contact information ArcelorMittal Corporate Communications
Paul Weigh Tel: E-mail:	+44 20 3214 2419 press@arcelormittal.com

FAQ

What recent shareholding change did BlackRock report regarding ArcelorMittal (MT)?

BlackRock notified ArcelorMittal that it fell below 5% of voting rights as of June 30, 2022.

When did ArcelorMittal receive BlackRock's shareholding notification?

ArcelorMittal received the notification on July 1, 2022.

What does the threshold change of BlackRock signify for ArcelorMittal (MT)?

The threshold change indicates reduced control or influence of BlackRock over ArcelorMittal's voting rights.

What are ArcelorMittal's reported revenues for 2021?

ArcelorMittal reported revenues of $76.6 billion for 2021.

How much crude steel did ArcelorMittal produce in 2021?

ArcelorMittal produced 69.1 million metric tonnes of crude steel in 2021.