Abu Dhabi, September 9, Denis Parein, Segment Manager Oil & Gas, ArcelorMittal Europe Flat Products. The ArcelorMittal.

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1 Abu Dhabi, September 9, 2014 Denis Parein, Segment Manager Oil & Gas, ArcelorMittal Europe Flat Products The ArcelorMittal Orbit

2 Mena Market and Trends seen from a European steel producer Match between ArcelorMittal and MENA region for Pipes and Tubes

3 Why do we believe in steel for Tubes and Pipe developments in the MENAregion? Sustainable market growth supported by Oil and Gas business Growing complexity of the steel products needed Proximity

4 MENA Outlook for steel: Solid perspective of Growth in the region Outlook (GDP and Plates) in Middle East and Africa Source: Oxford economics, CRU Demographics Development of local industrial framework Energy will remain main driver for growth Growing need for gas Development Iraq & Iran Algeria extension of Pipelines + Egypt: financial support Consumption of steel: eg plates + 3,5% y-o-y in coming 4 years

5 MENA Outlook for steel: Growing need for High Quality products Growing local production of finished products Need for high end steels (X70, Sour service) Shift towards gas shift from X52 to X65+ Growing acceptance of Spiral welded pipes Line Pipe production > 16» vs imports (kt) New & harsh conditions for Oil & Gas exploration Sour gas fields Sour Service and X65+ Offshore X70, X80 Increase Gas volume, Pressure Thicker, X70, X80 Shale Gas developments: Algeria Europe Japan * South Korea India China Unkown Environmental Challenges & extension of life cycle ( eg Masdar) CO2 reduction CO2 footprint (LCA), CO2 transport & storage Solar Energy extension of Life cycle, New coatings for tube structures New Challenges and higher product requirements are pushing the market to a higher Value market ( and less price driven)

6 How do we meet these evolving customer expectations? Long term and world wide experience in Energy business Large and innovative product portfolio Proximity & Service

7 ArcelorMittal steel supplies for Energy market ArcelorMittal Distributions Solutions international (including Projects Oil & Gas team) Dofasco Flat Rolled FC US Flat Rolled & Plate LCNA Long Carbon FC Mexico Slabs Industeel Plate (specialty) FCE LCE Flat Rolled & Plate Long Carbon AMTP Tubular Hunan Valin JV Flat Rolled & Plate LCSA Long Carbon FC Brazil Flat Rolled AMSA Flat Rolled, Plate & Long Carbon World Wide Experience: million tons shipments of steel to Energy Markets

8 Line Pipe: Partnerships with our customers and end users across the world from design to delivery Denburry CO2 (Sour) 20 ERW Keystone XL oil pipeline 36 Algonquin Gas system 36 HSAW Tenessee Gas Pipeline HSAW Haynesville Acadian Pipeline 36 HSAW Viking Offshore Flowline RWE Breagh Offshore 20 ERW Polish Gazsystem GK3 Hassi R Mel 48 HSAW OMV Tunisia Wasco, Egypt Aramco X65 sour HSAW Iraq Oil Pipeline X60 LSAW Escravos Chevron 20 HSAW Bawana Nangal project Sabah Sarawak Gas 36 HSAW AM Europe: 30 Years experience with an Annual Sales of 800 kt of HR 8

9 The right product for a more challenging market High end products for pipe and tubes, some examples HRC, HP, Clad steel for Line Pipe Magnelis for tubes in Corrosive environments High strength steels for structural applications Continuous innovation: 15 % of R&D Industry budget spend to Oil & Gas steel developments Sour service steel for seamless and welded tube Heavy gauge HRC and HRP with excellent crack propagation properties New steel concepts with cryogenic properties for LNG applications Plates and pipes for high temperature applications 9

10 Full product portfolio for Line Pipe Carbon steels High grades Up to X80 API5L PSL2 Heavy thicknesses Up to 25,4 mm 1 Excellent toughness properties CVN and DWTT at low temperature Large widths Up to 2080 mm for 26 HFI linepipes Specialty products HIC resistant grades for Sour Service OCTG and Coiled Tubing grades Multi Mill principle Focus on high end products (X70, >18 mm, Sour service) 10

11 Full product portfolio for Line Pipe Special Carbon Plates The product X60QS HIC Plates Flexible production and full match to Saudi Aramco Specifications Very High Thickness > 90 mm Plate weights above 15 t The project: Shaybah natural gas liquids (NGL) Localization: Saudi Arabia Product: Pipes Partners: EEW Engineering: selected Samsung Engineering Co. Ltd

12 Full product portfolio for Line Pipe Clad Plate The product Clad material Back material Clad plate: two or more metals, metallurgically bonded Combines economically the high mechanical properties of the low alloy steel (back material) and the corrosion resistance properties of the stainless steel (clad material). The project: UPPER ZAKUM 750 Localization: Abu Dhabi Product: Pipes & fittings Partners: EEW - Allied Engineering: PETROFAC Grade: Grade B & X Dimensions: 10/ mm Size: 240 km of subsea pipelines

13 New developments for tubes Magnelis for corrosive environments Magnelis a unique metallic coating: Unique combination of Zn+Al+Mg Exceptional corrosion resistance ( eg Choride & alkaline environment) Self-healing effects on edges and perforation High protection of welded zone Longer durability with thinner coating esp. In marine environment Thickness range : 0,45 mm 6 mm

14 Full product portfolio & Innovation High strength steels to reduce CO2 footprint with 15% Full range of High strength steel for tube & pipe applications (precision tubes, contruction tubes, auto tubes, mechanical tubes, open profiles and hollow sections) Amstrong TM 500MC Amstrong TM 550MC Amstrong TM 600MC Amstrong TM 650MC Amstrong TM 700MC The advantages are clear.. More than 15% weight reduction in drawn tubes leading to significantly lower net material cost With High strength steel achieve required tensile strength with thinner tube walls 14

15 Proximity Production and Service Network Proximity Market Multi mill principle to assure stable supplies Local content through production, service centers and Commercial Offices Production Commercial R&D Multiple sites in Southern Europe, North Africa and Middle East 15

16 Our steel the fabric of life Through innovation, steel remains the material of choice

17 The world s leading steel and mining company With 119 million tonnes of annual production capacity and 232,000 employees across 60 countries, ArcelorMittal is the world s leading steel and mining company. We are the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading research and development and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in more than 22 countries spanning four continents, the company covers all of the key steel markets, from emerging to mature. Around 38% of our steel is produced in the Americas, 46% in Europe and 16% in other regions, including Kazakhstan, South Africa and Ukraine. We are focusing our efforts for future growth on the emerging economies, particularly Brazil and India, with joint ventures in the Middle East and China. Underpinning all our operations is a philosophy to produce safe, sustainable steel 17 17