Ispat Inland Seeks Consents From Note Holders

Ispat Inland Seeks Consents From Note Holders 


EAST CHICAGO, Ind., Feb. 18  /PRNewswire-FirstCall/ -- Ispat Inland Inc. today
announced that its affiliate, Ispat Inland ULC (the "Company"), is soliciting
consents from holders of its outstanding Senior Secured Floating Rate Notes due
2010 and 9.75% Senior Secured Notes due 2014 (together, the "Notes") for
amendments to the indenture governing the Notes.

Approval of the amendments requires the consent of a majority of the principal
amount of the Notes voting together as a single class.  If the requisite
consents are received from holders of the Notes as of February 17, 2005, the
record date for the consent solicitation, the Company will make a consent
payment to consenting holders of $1.25 per $1,000 principal amount of Notes for
which a valid consent has been received and not revoked.

The consent solicitation will expire at 5:00 p.m., New York time, on March 3,
2005 unless extended by the Company.

The detailed terms and conditions of the consent solicitation are contained in
a consent solicitation statement dated February 18, 2005 which will be
distributed to record date holders of the Notes. Holders can obtain additional
copies of the consent solicitation statement and related material from the
Information Agent and Tabulation Agent for the consent solicitation, Global
Bondholder Services Corporation [phone] (call collect) or [phone]
(toll free).

UBS Securities LLC ("UBS") is acting as the Solicitation Agent.  Holders with
questions about the consent solicitation can contact the UBS Liability
Management Group at [phone] (call collect) or [phone] x4210
(toll-free).

This announcement is not a solicitation of consents nor shall it be deemed a
solicitation of consents with respect to any securities. The consent
solicitation will be made solely by the consent solicitation statement dated
February 18, 2005.

About Ispat Inland Inc.

Ispat Inland Inc. is a subsidiary of Mittal Steel Company N.V.
(NYSE:MT)(AEX:MT), the world's most global steel company. Formed from the
combination of Ispat International N.V. and LNM Holdings N.V., Mittal Steel has
steel-making operations in fourteen countries, on four continents. For the
twelve months ended December 31, 2004, Mittal Steel had revenues of
approximately US$22 billion and steel shipments of 42 million tons.  Mittal
Steel encompasses all aspects of modern steelmaking to produce a comprehensive
portfolio of both flat and long steel products to meet a wide range of customer
needs. It serves all the major steel consuming sectors, including the
automotive, appliance, machinery and construction sectors. 

DATASOURCE: Ispat Inland Inc.



CONTACT:  Thomas A. McCue, Treasurer, [phone], or David C. Allen,

Corporate Communications, [phone], both of Ispat Inland Inc.

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