GlobeNewswire Inc | Jul 23, 2020 10:50AM EDT

July 23, 2020

23 July 2020, 16:40 CET - ArcelorMittal today announces the publication of its second quarter 2020 EBITDA sell-side analysts consensus figures.

ArcelorMittal announces the publication of second quarter 2020 Ebitda sell-side analyst consensus figures

The consensus figures are based on analysts estimates recorded on an external web-based tool provided and managed by an independent company, Vuma Financial Services Limited (trade name: Vuma Consensus).

To arrive at the consensus figures below, Vuma Consensus has aggregated the expectations of sell-side analysts who, to the best of our knowledge, cover ArcelorMittal on a continuous basis. This is currently a group of about 20 brokers.

The listed analysts follow ArcelorMittal on their own initiative and ArcelorMittal is not responsible for their views. ArcelorMittal is neither involved in the collection of the information nor in the compilation of the estimates.EBITDA consensus estimates

Period Number of sell-side EBITDA consensus analysts participation average $ million2Q 2020 19 $482

The sell-side analysts who cover ArcelorMittal and whose estimates are included in the Group consensus outlined above are the following:

-- BancoSabadell - Francisco Rodriguez -- Bank of America Merrill Lynch Jason Fairclough -- Citi Ephrem Ravi -- Commerzbank - Ingo-Martin Schachel -- Credit Suisse Carsten Riek -- Deutsche Bank - Bastian Synagowitz -- Exane Seth Rosenfeld -- Goldman Sachs Jack OBrien -- GVC Gaesco Beka - Iigo Recio Pascual -- Groupo Santander Robert Jackson -- ING - Stijn Demeester -- Jefferies Alan Spence -- JPM Luke Nelson -- Kepler - Rochus Brauneiser -- Keybanc Phil Gibbs -- Morgan Stanley - Alain Gabriel -- Oddo Alain Williams -- Societe Gnrale Christian Georges -- UBS Myles Allsop

DisclaimerThe consensus estimate is based on estimates, forecasts and predictions made by third party financial analysts. It is not prepared based on information provided or checked by ArcelorMittal and can only be seen as a consensus view on ArcelorMittal's results from an outside perspective. ArcelorMittal has not provided input on these forecasts, except by referring to past publicly disclosed information. ArcelorMittal does not accept any responsibility for the quality or accuracy of any individual forecast or estimate. This web page may contain forward-looking statements based on current assumptions and forecasts made by ArcelorMittal or third parties. Various known and unknown risks, uncertainties and other factors could lead to material differences between ArcelorMittal's actual future results, financial situation, development or performance, and the estimates given here. These factors include those discussed in ArcelorMittal's periodic reports available on http://corporate.arcelormittal.com/.

ENDSAbout ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries. Guided by a philosophy to produce safe, sustainable steel, we are the leading supplier of quality steel in the major global steel markets including automotive, construction, household appliances and packaging, with world-class research and development and outstanding distribution networks.

Through our core values of sustainability, quality and leadership, we operate responsibly with respect to the health, safety and wellbeing of our employees, contractors and the communities in which we operate.

For us, steel is the fabric of life, as it is at the heart of the modern world from railways to cars and washing machines. We are actively researching and producing steel-based technologies and solutions that make many of the products and components peopleuse in theireveryday lives more energy efficient.

We are one of the worlds five largest producers of iron ore and metallurgical coal. With a geographically diversified portfolio of iron ore and coal assets, we are strategically positioned to serve our network of steel plants and the external global market. While our steel operations are important customers, our supply to the external market is increasing as we grow.

In 2019, ArcelorMittal had revenues of $70.6 billion and crude steel production of 89.8 million metric tonnes, while own iron ore production reached 57.1 million metric tonnes.

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS). For more information about ArcelorMittal please visit: http://corporate.arcelormittal.com/



Contact information ArcelorMittal Investor Relations Europe +44 20 7543 1156Americas +1 312 899 3985Retail +44 20 7543 1156SRI +44 20 7543 1156Bonds/Credit +33 171 921 026 Contact information ArcelorMittal Corporate Communications

E-mail: press@arcelormittal.comPhone: +442076297988 ArcelorMittal Communications

Paul Weigh +44 20 3214 2419Dan White +44 7468354695