ANNUAL REPORT ARCELOR 2003 - paperJam

Corporate GovernanceBoard of Directors*• Joseph Kinsch,Chairman of the Board of Directors• José Ramón Álvarez Rendueles,Vice-Chairman of the Board of Directors• Daniel Bouton,Director, Chairman and CEO of Société Générale, Paris• John Castegnaro,Director, Employee Representative, Luxembourg• Hedwig De Koker,Director, Chairman of the Board of Vancaen PLC,Brussels• Jean-Yves Durance,Director, Chairman of the Management Board MARSHFrance, Paris• Jean-Pierre Hansen,Director, Chairman and Managing Director of Tractebel,Managing Director of SUEZ S.A., Brussels• Ulrich Hartmann,Director, Vorsitzender des Aufsichtstrats of E-ON AG,Düsseldorf• Corporación JMAC represented byRamón Hermosilla Martin,Director, Madrid• Jean Lapeyre**,Director, Employee Representative, Paris• S.A.R. le Prince Guillaume de Luxembourg,Director, Luxembourg• Daniel Melin,Director, Chairman of EMEA South EDS, Paris• Edmond Pachura,Director, Chairman of UNAS, Paris• Francisco Javier de la Riva Garriga,Director, Executive Vice-Chairman of Fertiberia S.A.,Madrid• Georges Schmit,Director, Secretary General of the Ministry of theEconomy, Luxembourg• Sergio Silva de Freitas,Director, Senior Vice-President of Banco Itaú, São Paulo• Ignacio Fernández Toxo,Director, Employee Representative, Madrid• Fernand Wagner,Director, LuxembourgSecretary of the Board of Directors• Paul Junck,General SecretaryAudit Committee• José Ramón Álvarez Rendueles,Chairman• Hedwig De Koker,Member• Jean-Yves Durance,Member• Georges Schmit,MemberNominating and Compensation Committee• Joseph Kinsch,Chairman• José Ramón Álvarez Rendueles,Member• Jean-Pierre Hansen,Member• Edmond Pachura,Member* the term of all members of the Board of Directors will expire at the AnnualGeneral Shareholders’ Meeting of 2006**resigned on August 28, 200318ANNUAL REPORT ARCELOR 2003