GlobeNewswire Inc | Dec 29, 2021 08:15AM EST

December 29, 2021

29 December 2021, 1415 CET

ArcelorMittal (the Company) today announces that it has completed the fifth share buyback program announced on 17 November 2021 under the authorization given by the annual general meeting of shareholders of 8 June 2021 (the 2021 AGM Authorization).

By market close on 28 December 2021, ArcelorMittal had repurchased 34,080,049 shares for a total value of 885,729,034.96 (equivalent to US$999,999,819.63) at an approximate average price per share of 25.99. All details are available on the Companys website at: https://corporate.arcelormittal.com/investors/equity-investors/share-buyback-program.

ENDS

About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 17 countries. In 2020, ArcelorMittal had revenues of $53.3 billion and crude steel production of 71.5 million metric tonnes, while iron ore production reached 58.0 million metric tonnes.

Our goal is to help build a better world with smarter steels. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future.

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 General +44 20 7543 1128Retail +44 20 3214 2893SRI +44 20 3214 2801Bonds/Credit +33 171 921 026E-mail investor.relations@arcelormittal.com Contact information ArcelorMittal Corporate Communications

Paul Weigh Tel:E-mail: +44 20 3214 2419 press@arcelormittal.com