ArcelorMittal (NYSE: MT) today announced that it filed suit against Esmark Inc., E2 Acquisition Corporation (Esmark/E2) in the Supreme Court of the State of New York.

ArcelorMittal is seeking in excess of $540 million in connection with Esmark/E2’s breach of its August 1, 2007 contract to purchase the Sparrows Point steel manufacturing facility from ArcelorMittal for $1.35 billion. That contract was terminated on December 16, 2007, after Esmark/E2 failed to complete the transaction.

Sparrows Point was sold to OAO Severstal for $810 million, net of debt, on May 7, 2008.

About ArcelorMittal

ArcelorMittal is the world’s largest and most global steel company, with 310,000 employees in more than 60 countries. The company brings together the world’s number one and number two steel companies, Arcelor and Mittal Steel.

ArcelorMittal is the leader in all major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in 28 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.

ArcelorMittal key financials for 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 million tonnes, representing around 10 per cent of world steel output.

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
Contacts

ArcelorMittal Investor Relations
Europe, +352 4792 2414
Americas, +1 312 899 3569
Retail, +352 4792 2434
SRI, +44 203 214 2854
Bonds/Credit, +33 1 71 92 10 26
or
ArcelorMittal Communications
E-mail: press {at} arcelormittal(.)com
Phone: +352 4792 5000
or
ArcelorMittal Corporate Communications
Haroon Hassan, +44 20 3214 2867
Jean Lasar, +352 4792 2359
or
Maitland Consultancy:
Lydia Pretzlik / Martin Leeburn, +44 20 7379 5151
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Belgium
Charles-Hubert Gernaert, Comfi, +32 2 290 90 90
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North America
Bill Steers, +1 312 899 3817
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Netherlands
Smink, Van der Ploeg & Jongsma
Leon Melens, +31 20 647 81 81
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Germany
Herring Schuppener
Phoebe Kebbel, +49 69 92 18 74 77
or
France
Image 7
Anne France Malrieu, +33 1 5370 7470
Tiphaine Hecketsweiler, +33 1 5370 7470
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Spain
Ignacio Agreda, +34 94 489 4162
Oscar Fleites, +34 98 512 60 29
Keith Grant, +34 639 760 397