ArcelorMittal Annual Report 2008

Note 26: Employees and Key Management Personnel
The total annual compensation of ArcelorMittal’s employees paid in 2007 and 2008 was as follows:
The total annual compensation of ArcelorMittal’s key management personnel, including its Board of Directors,
paid in 2007 and 2008 was as follows:
The fair value of the stock options granted to ArcelorMittal’s key management personnel is recorded as an expense in the
consolidated statement of income over the relevant vesting periods. The Company determines the fair value of the options
at the date of the grant using the Black-Scholes model.
As of December 31, 2007 and 2008, ArcelorMittal did not have outstanding any loans or advances to members of its Board
of Directors or key management personnel, and, as of December 31, 2007 and 2008, ArcelorMittal had not given any guarantees
for the benefit of any member of its Board of Directors or key management personnel.
Note 27: Subsequent Events
Year ended Year ended
December 31, 2007 December 31, 2008
Employee Information
Wages and salaries 11,221 12,593
Pension cost 611 2,080
Total 11,832 14,673
Year ended Year ended
December 31, 2007 December 31, 2008
Base salary and/or directors fees 20 24
Short-term performance-related bonus 24 21
Post-employment benefits 2 1
Share based compensation 21 30
On January 23, 2009, the Company contributed its 76.9% stake in Saar Ferngas AG to an associated company, Soteg.
Following this transaction, ArcelorMittal’s stake in Soteg increased from 20% to 26.15%.
On January 31, 2009, ArcelorMittal completed the acquisition of 60% of DSTC FZCO, a newly incorporated company
located in the Dubai free zone which will acquire the main business of Dubai Steel Trading Company LLC, a steel distributor
in the United Arab Emirates.
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2008 Consolidated Financial Statements continued
ArcelorMittal Annual Report 2008