ArcelorMittal Annual Report 2008

Corporate Governance continued
Compensation
Compensation information
The total annual compensation of the members of ArcelorMittal’s Board of Directors paid in 2007 and 2008 was as follows:
Year ended Year ended
31 December 31 December
2007 2008
(Amounts in $ thousands except option information)
Base salary and/or directors fees 4,334 5,569
Short-term performance-related bonus 2,181 2,200
Long-term incentives (number of options) 60,000 60,000
The annual compensation paid to the members of ArcelorMittal’s Board of Directors for services in all capacities
in 2007 and 2008 was as follows:
2007 1 2008 2007 2008 2007 2008
Short-term Short-term Long-term Long-term
Performance Performance Number Number
Related Related of Options of Options
(Amounts in $ thousands except option information)
Lakshmi N Mittal 2,001 1,916 2,181 2,200 60,000 60,000
Vanisha Mittal Bhatia — 199 — — — —
Narayanan Vaghul — 240 — — — —
Malay Mukherjee 2 — — — — — —
Wilbur L Ross, Jr — 224 — — — —
Lewis B Kaden — 221 — — — —
François Pinault — 176 — — — —
Joseph Kinsch 3 338 368 — — — —
José Ramón Álvarez Rendueles 297 227 — — — —
Sergio Silva de Freitas 181 206 — — — —
Georges Schmit 197 196 — — — —
Edmond Pachura 4 213 227 — — — —
Michel Angel Marti 180 199 — — — —
Manuel Fernández López 5 163 187 — — — —
Jean-Pierre Hansen 200 199 — — — —
John Castegnaro 180 199 — — — —
Antoine Spillmann 6 163 196 — — — —
HRH Prince Guillaume de Luxembourg 184 199 — — — —
Romain Zaleski 7 37 190 — — — —
Ignacio Fernández Toxo 8 — — — — — —
Total 4,334 5,569 2,181 2,200 60,000 60,000
1 The compensation that was paid in 2007 to the former Arcelor Board Members was
for their services to Arcelor in 2006. No compensation was paid to the former Mittal
Steel Board Members on the ArcelorMittal Board in 2007. Compensation with respect
to 2007 was paid after shareholder approval at the AGM held on May 13, 2008.
Attendance fees for 2007 amounting to approximately $0.4 million were paid in February
2008 and are included in the 2008 column above. Compensation with respect
to 2008 will be paid after shareholder approval at the AGM held on May 12, 2009.
Attendance fees for 2008 amounting to approximately $0.4 million were paid
in January 2009 and are not included in the 2008 column above.
2 Mr Mukherjee was elected to ArcelorMittal’s Board of Directors on May 13, 2008,
prior to which he was a Member of the Group Management Board, responsible for Asia,
Africa, Mining and CIS. Mr Mukherjee was compensated as a member of senior management
in 2007 and in 2008 until his appointment to the Board, and as a Director since then.
The table above relates solely to compensation received by Mr Mukherjee while a Director.
Compensation received by Mr Mukherjee in 2008 prior to becoming a Director is included
in the aggregate amount disclosed below for senior management.
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3 The mandate of Mr Kinsch ended on May 13, 2008.
4 The mandate of Mr Pachura ended on May 13, 2008.
5 Mr Fernández López resigned on May 13, 2008.
6 Mr Spillmann was elected to ArcelorMittal’s Board of Directors on May 13,
2008, replacing Corporación JMAC. Mr Spillmann had been the representative
of Corporación JMAC on the Board before May 13, 2008. Compensation
received by Mr Spillmann both as a representative of Corporación JMAC
and as a Director in his own right is included in this table.
7 Mr Zaleski resigned on March 5, 2008.
8 Mr Fernández Toxo was elected to ArcelorMittal’s Board of Directors
on May 13, 2008.