Designated person notification

Rhea-AI Summary

ArcelorMittal reported a share transaction by a Designated Person related to its share buyback program announced on 29 July 2021. This agreement ensures that a Significant Shareholder maintains a 36.34% voting share in the company. The transaction details are accessible on the Luxembourg Stock Exchange’s OAM database as well as ArcelorMittal’s official website. The company continues to prioritize innovation and sustainability in steel production, contributing to a cleaner environment.

Positive

• Share buyback program supports shareholder value.
• Significant Shareholder maintains 36.34% voting rights.

Negative

• None.

Designated person notification

10 August 2021, 14:00 CET

With reference to Article 19(3) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulations), ArcelorMittal announces that a notification of a share transaction by a Designated Person (i.e. Directors or Executive Officers) is available in the Luxembourg Stock Exchange’s electronic database OAM on https://www.bourse.lu/home and on ArcelorMittal’s web site https://corporate.arcelormittal.com under Investors > Corporate Governance > Share Transactions by Management.

This transaction is directly connected to ArcelorMittal’s share buyback program announced on 29 July 2021. ArcelorMittal’s Significant Shareholder has entered into a share repurchase agreement with ArcelorMittal to sell shares so that its voting rights in ArcelorMittal’s share capital (net of treasury shares) is maintained at the current level of 36.34%. Further details on the share buyback program are available on https://corporate.arcelormittal.com under Investors > Equity investors > Share Buyback Program.

ENDS

About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 17 countries. In 2020, ArcelorMittal had revenues of $53.3 billion and crude steel production of 71.5 million metric tonnes, while iron ore production reached 58.0 million metric tonnes.

Our goal is to help build a better world with smarter steels. 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 is the recent share transaction for ArcelorMittal (MT)?

ArcelorMittal announced a share transaction by a Designated Person related to its share buyback program.

How does the share buyback program affect ArcelorMittal's stock?

The share buyback program is designed to support shareholder value and maintain voting rights.

When was the share buyback program for ArcelorMittal announced?

The share buyback program was announced on 29 July 2021.

Where can I find details about ArcelorMittal's share transactions?

Details about share transactions can be found on the Luxembourg Stock Exchange’s OAM database and ArcelorMittal’s website.