Arcelor's capital increase - Vernimmen

IMPORTANT INFORMATION ABOUT THIS PROSPECTUS
The delivery of this Prospectus, at any time and under any circumstances, does not create any
implication that there has been no change in the affairs of Arcelor since the date hereof or that the
information contained herein is correct and complete in all material respects as at any time subsequent to
this date. No person has been authorised to give any information or to make any representation other than
those contained in the Prospectus in connection with the issue or sale of the Warrants or the New Shares
and, if given or made, such information or representation must not be relied upon as having been
authorised by Arcelor, by the Underwriters or by any other person.
Purchasers of Warrants or New Shares should conduct such independent investigation and analysis
regarding Arcelor and the Warrants and the New Shares as they deem appropriate to evaluate the merits
and risks of an investment in the Warrants or the New Shares. No representation or warranty, express or
implied, is made as to the accuracy or completeness of any information contained in this Prospectus, and
nothing contained in this Prospectus is, or shall be relied upon as, a promise or representation as to the
past or the future. In making any investment decision with respect to the Warrants or New Shares,
investors must rely (and will be deemed to have relied) solely on their own independent examination of
Arcelor and the terms of the offering of the Warrants or New Shares, including the merits and risks
involved. Each person who receives this Prospectus acknowledges that such person has not relied on any
Underwriter or any person affiliated with any Underwriter in connection with its investigation of the
accuracy of the information contained herein or of any additional information considered by it to be
necessary in connection with its investment decision.
ix