Arcelor's capital increase - Vernimmen

IBERCLEAR:
IEE:
IFRS:
Joint Lead Managers:
Luxembourg Centralising Agent:
Mémorial C:
means Sociedad de Gestión de los Sistemas de Registro, Compensación y
Liquidación de Valores, S.A.
means International Electronics & Engineering
means International Financial Reporting Standards
means BNP Paribas and Deutsche Bank AG London as Joint Lead
Managers of the offering of the Warrants and as Joint Bookrunners of
the Placement
means Banque Générale du Luxembourg S.A.
means Mémorial C, Recueil des Sociétés et Associations, Grand Duchy
of Luxembourg
New Shares:
means the new shares of Arcelor that may be issued in connection
with the offering of the Warrants and/or as a result of the subscription
by the Underwriters of a number of new shares corresponding to the
number of new shares that would have been issued had the
Unexercised Warrants been exercised
New Shares Settlement Date: means 27th July, 2004
Placement Price:
means the Placement price of one Remaining New Share
OCEANE: means the OCEANE 2005 and the OCEANE 2017
OCEANE 2005:
OCEANE 2006:
OCEANE 2017:
Offering:
Placement:
Public Exchange Offers:
Record Date:
Remaining New Shares:
Shares:
Spanish Centralising Agent:
Spanish Liaison Entity:
Spanish Stock Exchanges:
Subscription Monies:
means the bonds of Arcelor which are convertible into and/or
exchangeable for new or existing Arcelor shares (obligations
convertibles et/ou échangeables en actions nouvelles ou existantes)
3.875% due 2005
means the bonds of Arcelor which are convertible into and/or
exchangeable for new or existing Arcelor shares (obligations
convertibles et/ou échangeables en actions nouvelles ou existantes) 3%
due 2006, which are no longer outstanding
means the bonds of Arcelor which are convertible or exchangeable
into new or existing Arcelor shares (obligations convertibles et/ou
échangeables en actions nouvelles ou existantes) 3% due 2017
means the offering of the Warrants and the New Shares
means the institutional private placement of New Shares subscribed
by the Underwriters after expiration of the Exercise Period, pursuant
to an underwriting agreement between Arcelor and the Underwriters
means the three public exchange offers successfully made by Arcelor
on Aceralia, Usinor and Arbed in 2002
means 1st July, 2004, the record date for allocation of the Warrants
means New Shares which correspond to the Unexercised Warrants
means the existing shares of Arcelor and the New Shares
means Banco Bilbao Vizcaya Argentaria, S.A.
means Banco Bilbao Vizcaya Argentaria, S.A. (whose address is Clara
del Rey, 26, Madrid 28002, Spain), the Spanish liaison entity,
custodian and payment agent in charge of the duties set forth in
Circular 6/1999, of 15th September, of IBERCLEAR
means the Bolsas de Valores at Madrid, Barcelona, Bilbao and
Valencia and the SIBE Interconnection Electronic System
means the Subscription Price of the New Shares to be issued upon the
exercise of Warrants
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