Arcelor Mittal Tubular Products Jubail Project AMTPJ 2

Arcelor. Mittal Tubular Products Jubail Project (“AMTPJ”) 2 nd Sept 2013 0

Arcelor. Mittal Jubail Project overview capability highlights • Constructing a 600, 000 t/yr Seamless Tube Mill in Saudi Arabia to supply the energy tubes market of the Middle East & North Africa from a local source: – Product: OCTG (Oil Country Tubular Goods) & Line Pipe for Oil and Gas – Manufacturing Size range from 4 1/2” to 16” – Finishing Size range 2 3/8” to 16” (Green pipe sourced from inter-company units) – Approximate split: 60/40: OCTG / Line Pipe – Heat treatment capability at 330 kt/yr • Joint venture with Al-Tanmiah Company for Industrial and Commercial Investment of Riyadh: Jubail Confidential Information

AMTPJ – Health & Safety Performance Health and Safety – June 2013 WEEK No : 2 10 th to 16 th Aug AMJ IBSF NSH SAS IICS GTS AAF PICO AQY KTZ EBTI Total to week Accident 0 0 0 Incident 0 0 0 Near Miss 1 0 0 0 0 0 1 W*letter 0 0 7 1 0 0 0 9 T** letter 0 0 0 *W : Warning letter ** T: Termination letter WEEK No : 2 AMJ IBSF NSH SAS IICS GTS AAF PICO AQY KTZ EBTI Man hour 23892 407 60005 1370 0 660 0 2808 0 5606 0 Frequency Rate 0. 14 Severity Rate * 0. 0003 Man hour for the week (total) 94748 Man hour worked to Date 21 822 LTI Free Hour From Last LTI 7 949 849 Safety Concern: - Housekeeping - Repeated none compliance to AMJ Safety requirements Mitigation: - AMJ Site Management to assist in enforcing safety requirements Safety focus for the week : STORAGE OF FLAMMABLE LIQUIDS SUBSTANCE

Project Overview Plant Layout and Equipment Capacities 3

Arcelor. Mittal Jubail Built with state-of-the-art technology § Hot mill: PQF® (premium quality finishing) SMS Meer (Germany) § Heat treating: SMS Elotherm (Germany) and Tenova LOI Italiampianti (Italy) § Furnace: Tenova LOI Italiampianti (Italy) § Electrical systems: ABB (Switzerland) § Cutting: Linsinger (Austria) § Straightening & hydrotesting: Bronx (USA) § Non destructive testing: Tuboscope (USA) 12 -stand sizing mill § Threading: PMC–Colinet (Belgium and USA) 4

(9) Operational Readiness – Our Business Pillars Launch Priority 1 Q 1 ‘ 13 • • Health & Safety People Product Quality Supply Chain Priority 2 Q 2/3 ‘ 13 Priority 3 Q 3/4 ‘ 13 • • • Performance Management Organizational Structure Marketing & Sales Systems Government Relations Professional Maintenance Autonomous Maintenance Environment & CSR Cost Deployment Projects

Product: Specification and Grades Seamless OCTG Casing & Tubing Grades: H 40, J 55, K 55, M 65, L 80, C 95, N 80 -1, N 80 -Q, C 90, T 95, P 110, Q 125 High collapse grades also available. End finishes include: P-plain end, S-short round thread, L-long round thread, B-buttress thread, H-Hunting Energy Services premium connection Seamless Line Pipe Grades: 6 API 5 L B, X 42, X 46, X 52, X 56, X 60, X 65, X 70 EN 10208 -2 L 245 NB, L 290 NB, L 360 QB, L 415 QB, L 450 QB ASTM A 53* A, B A 106* A, B, C ASTM A 333* 1, 3, 6 * Standard pipe; high and low temperature services

Arcelor. Mittal – Global R&D Arcelor. Mittal R&D… • Around 1, 300 full time researchers • Annual R&D expenditure of $300 million • Number one R&D in the industry • Working on all development axes – Research into products & steel solutions – Process research – Technical assistance to the plants • Worldwide network of 11 research centres, further supported by a network of scientific and academic partners worldwide … strongly supporting specialties • R&D spending focused on 7 areas: – Automotive, Packaging, Construction, Energy, General Industry, Long products and Special Plates R&D Key challenges in accordance with the Group strategy • Product: Differentiated product offer • Geography: Support the transfer of technology between plants • Value chain: Transverse projects optimising the product value along the complete value chain from mining to finished products Research & development enables to realize our ambitions in technological innovation and sustainability

R&D Centre – Gent, Belgium Unique facilities in processing, characterization and testing of metal alloys Unique facilities in processing and characterization of metal alloys • Fully equipped chemical characterisation laboratory • Extensive electron microscope facilities • Complete coating laboratory including novel curing techniques and corrosion laboratory • All major welding and cutting techniques available ((hybrid) laser, SAW, MIG/MAG/TIG) • Forming and rapid prototyping capabilities • Complete facilities for electromagnetic characterisation • Large experience in Finite Element Modeling Completely integrated metallurgical processing center • Wide range of casting possibilities • 5 rolling stand of which 2 continuous • Multi-purpose dynamic annealing line with transverse flux inductor • Complete mechanical testing facilities • Advanced characterisation equipment like dilatometry, torsion and easy access to high speed-compression • Complete sampling preparation facilities including waterjet cutting • Unique reactive continuous annealing simulator • Fully equipped hydrogen lab

APPENDIX – A Picture paints a thousand words 9

AM Jubail – Overview Building

AM Jubail – Overview Billet Preparation Area • Construction completed • Equipment Commissioning ongoing • First billet cut on 9 May 2013

AM Jubail – Overview Rotary Heart Furnace • 200 t/hr Capacity • 48 m diameter – 5. 5 m max billet length • Construction completed • Under Commissioning