ArcelorMittal Announces the Results of the Delisting Tender Offer for ArcelorMittal Inox Brasil S.A.

ArcelorMittal is pleased to announce the results of the auction held Friday, April 4, 2008, on the São Paulo Stock Exchange in connection with the delisting offer to acquire all of the remaining outstanding shares of ArcelorMittal Inox Brasil S.A. ("ArcelorMittal Inox Brasil") that are not yet owned by ArcelorMittal or any of its affiliates, as described in the Notice of Public Tender Offer for Acquisition of Common and Preferred Shares issued by ArcelorMittal Inox Brasil S.A. registered with the CVM (“Notice”).

As of the close of the auction, in the aggregate, 1,008,306 common shares and 28,954,035 preferred shares of ArcelorMittal Inox Brasil were tendered, representing 40.32% of the total share capital and 94.77% of the free float of ArcelorMittal Inox Brasil.

Following the auction on April 4, 2008, an additional 97 common shares and 11,459 preferred shares of ArcelorMittal Inox Brasil were acquired by ArcelorMittal. With these additional purchases, the total number of shares acquired represents 40.33% of the total share capital and 94.81% of the free float of ArcelorMittal Inox Brasil.As a result of the acceptance of the Offer by shareholders representing more than two thirds (2/3) of the shares qualified for the auction, and in accordance with the regulations of the Brazilian Securities and Exchange Comission (“CVM”), ArcelorMittal Inox Brasil’s registration as a public company will be cancelled.

As required by Brazilian regulations, from April 7, 2008 to July 4, 2008, any holder of shares willing to sell his/her shares to ArcelorMittal at the Offer price may do so by presenting a request to that news release

The price will be adjusted by the TR – Referential Rate, starting on the settlement date of the Offer to the date of effective payment. The purchase price for shares sold pursuant to this process will be payable within 15 days of the date of the request of the shareholder to sell the shares.Any remaining shareholder of ArcelorMittal Inox Brasil who whishes to sell his/her shares during the period mentioned above, but prior to the confirmation of the cancellation of ArcelorMittal Inox Brasil’s registration as a public company by CVM, must post a selling order in BOVESPA (through any brokerage firm authorized to act in the BOVESPA).

Banco Santander S.A., on behalf of ArcelorMittal, will guarantee the purchase of such shares. After the CVM confirms the cancellation of ArcelorMittal Inox Brasil’s registration as a public company (which confirmation is expected approximately 15 days after the auction and which will be immediately disclosed to the public by ArcelorMittal Inox Brasil), all remaining shareholders of ArcelorMittal Inox Brasil who still wish to sell their shares to ArcelorMittal should complete the form available at the websites of ArcelorMittal Inox Brasil and Banco SantanderS.A. (indicated below) and have it delivered to Banco Itaú S.A., the depositary institution for the shares, at the addresses indicated in the form.

If at any time prior to July 4, 2008 (inclusive), ArcelorMittal receives from the CVM confirmation that ArcelorMittal Inox Brasil’s registration as a public company has been cancelled, and given that the number of shares of ArcelorMittal Inox Brasil not owned by ArcelorMittal or its affiliates represents less than 5% of the total number of ArcelorMittal Inox Brasil’s shares, ArcelorMittal may cause ArcelorMittal Inox Brasil to hold a shareholders’ special meeting in order to approve the redemption of the remaining shares at the same price of the Offer, adjusted by the TR – Referential Rate starting on the settlement date of the Offer to the effective redemption payment date, which payment would be made within 15 days of the date of the meeting approving the redemption.

When ArcelorMittal exercises its right, a further press release will detail the conditions of such redemption and the sell-out proceedings will then be terminated.

The Offer is more fully described in the Notice and related documentation available on the following websites:

www.acesita.com.br

www.superbroker.com.br

www.cvm.gov.br