Designated person notification

Rhea-AI Summary

On February 22, 2022, ArcelorMittal disclosed a share transaction notification linked to its share buyback program initiated on February 11, 2022. A significant shareholder has agreed to sell shares to maintain a 36.34% voting rights stake in the company. This transaction is available in the Luxembourg Stock Exchange's database and on ArcelorMittal's website. The company aims to balance its capital structure while pursuing its commitment to innovation and sustainability in steel production.

Positive

• Share repurchase agreement maintains significant shareholder voting rights at 36.34%.
• Continued focus on innovative and sustainable steel production.

Negative

• None.

22 February 2022, 13:15 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 11 February 2022. 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 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 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 was announced by ArcelorMittal on February 22, 2022?

ArcelorMittal announced a notification of a share transaction related to its share buyback program.

How much voting rights does the significant shareholder retain after the transaction?

The significant shareholder retains 36.34% of voting rights in ArcelorMittal's share capital.

Where can I find details about ArcelorMittal's share buyback program?

Details are available on the Luxembourg Stock Exchange's database and on ArcelorMittal's corporate website.

What is the significance of the share transaction announced on February 22, 2022?

The transaction is part of ArcelorMittal's strategy to maintain shareholder voting power while executing its share buyback program.