ANNUAL REPORT ARCELOR 2003 - paperJam

indicators 2002 2003Principle 6 - Innovation for value creation and support of Sustainable Development (page 113)Innovation Arcelor gross research expenditure (€M) 153 142Innovation Global research efforts by Arcelor +partners in joint projects (€M) - 194Innovation Proportion of R&D devoted to the environment (%) - 38Principle 7 - Corporate governance (page 116)Corporate governance Number of meetings of Board of Directors 5 8Corporate governance Average attendance of members atBoard meetings (%) 90.6 87Corporate governance Number of Audit Committee meetings 5 8Corporate governance Average attendance of members of 100 97Audit Committee (%)Corporate governance Number of Appointments and 4 6Remuneration Committee meetingsCorporate governance Average attendance of members at 100 87.5Appointments and RemunerationCommittee meetings (%)Corporate governance Independent Board members 9 out of 15 9 out of 15+ 3 employee + 3 employeerepresentatives representativesCorporate governance Number of nationalities represented 6 6on the Boardsustainable development > Arcelor sustainable developmentPrinciple 8 - Responsible citizenship (page 117)Restructuring/employment Percentage of sites benefiting from redeployment 100 100plans in case of closures or cutbacks (%)Restructuring/employment Percentage of partnerships with local authorities 100 100for the repair of the economic and socialfabric in case of site closures (%)Support for Budget for supporting/sponsoring 8 8social projectssocial projects (€M)ANNUAL REPORT ARCELOR 2003 97