January 21, 2011

bwire




TORONTO & LUXEMBOURG (Business Wire) -- Regulatory News:




ArcelorMittal today announced that it has extended the time for
acceptance of its offer (the "Offer") to purchase all of Baffinland Iron
Mines Corporation's ("Baffinland") outstanding common shares (the
"Common Shares") at a price of C$1.40 in cash per Common Share and all
outstanding common share purchase warrants issued pursuant to a warrant
indenture dated 31 January 2007 (the "2007 Warrants") at a price of
C$0.10 in cash per 2007 Warrant until 11:59 p.m. (Toronto time) on 21
January 2011.




ArcelorMittal will promptly mail a notice of extension of the Offer to
Baffinland securityholders. Securityholders who have validly deposited
their Common Shares and 2007 Warrants need not take any further action
to accept the Offer. Securityholders who have not yet tendered their
Common Shares and 2007 Warrants now have an extended period of time to
do so in accordance with the terms of the Offer.




ArcelorMittal has retained Georgeson Shareholder Communications Canada
Inc. as information agent in connection with the Offer. Computershare
Investor Services Inc. is the depositary for the Offer. Any questions or
requests for assistance or further information on how to tender Common
Shares or 2007 Warrants to the Offer may be directed to, and copies of
the above referenced documents may be obtained by contacting, the
information agent at 1-888-605-7641 or by email at [email protected]
or by contacting the depositary at 1-800-564-6253 (North America) or
1-514-982-7555 (overseas), or by email at [email protected].
Securityholders whose Common Shares or 2007 Warrants are registered in
the name of a broker, investment dealer, bank, trust company or other
nominee should contact such nominee for assistance in depositing their
Common Shares and 2007 Warrants to the Offer.




Contact Information




Information Agent for the Offer




Georgeson




Toll Free (North America): 1-888-605-7641




Collect (Overseas): 1-781-575-2168




E-Mail: [email protected]




This document contains forward-looking information and statements
about ArcelorMittal and its subsidiaries. These statements include
financial projections and estimates, including non-cash impairment
charges, net financial debt and net debt to EBITDA leverage ratio,
statements regarding plans, objectives and expectations with respect to
future operations and statements regarding future performance generally.
Forward-looking statements may be identified by the words "will,"
"believe," "expect" or similar expressions. Although ArcelorMittal's
management believes that the expectations reflected in such
forward-looking statements are reasonable, investors and holders of
ArcelorMittal's securities are cautioned that forward-looking
information and statements are subject to numerous risks and
uncertainties, many of which are difficult to predict and generally
beyond the control of ArcelorMittal, that could cause actual results and
developments to differ materially and adversely from those expressed in,
or implied or projected by, the forward-looking information and
statements. These risks and uncertainties include those discussed or
identified in the filings with the Luxembourg Stock Market Authority for
the Financial Markets (Commission de Surveillance du Secteur Financier)
and the United States Securities and Exchange Commission (the "SEC")
made or to be made by ArcelorMittal, including ArcelorMittal's Annual
Report on Form 20-F for the year ended 31 December, 2009 filed with the
SEC. ArcelorMittal undertakes no obligation to publicly update its
forward-looking statements, whether as a result of new information,
future events or otherwise.




About ArcelorMittal




ArcelorMittal is the world's leading steel company, with operations
in more than 60 countries.




ArcelorMittal is the leader in all major global steel 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. With an industrial
presence in over 20 countries spanning four continents, the Company
covers all of the key steel markets, from emerging to mature.




Through its core values of sustainability, quality and leadership,
ArcelorMittal commits to operating in a responsible way with respect to
the health, safety and wellbeing of its employees, contractors and the
communities in which it operates. It is also committed to the
sustainable management of the environment and of finite resources.
ArcelorMittal recognises that it has a significant responsibility to
tackle the global climate change challenge; it takes a leading role in
the industry's efforts to develop breakthrough steelmaking technologies
and is actively researching and developing steel-based technologies and
solutions that contribute to combat climate change.




In 2009, ArcelorMittal had revenues of $65.1 billion and crude steel
production of 73.2 million tonnes, representing approximately 8 per cent
of world steel output.




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




For more information about ArcelorMittal visit: http://www.arcelormittal.com/">www.arcelormittal.com








Contact information ArcelorMittal Investor RelationsEurope +352
4792 2652Americas +1 312 899 3569Retail +352 4792 2434SRI
+44 203 214 2854Bonds/Credit +33 171 92 10 26orContact
information ArcelorMittal Corporate CommunicationsE-mail: [email protected]:
+352 4792 5000orArcelorMittal Corporate CommunicationsGiles
Read (Head of Media Relations) +44 20 3214 2845Arne Langner +352
4792 3120Jean Lasar +352 4792 2359Lynn Robbroeckx +44 20
3214 2991United KingdomMaitland Consultancy:Rebecca
Mitchell / Martin Leeburn + 44 20 7379 5151