Mittal Steel Company N.V. Reports Second Quarter and Half Year Results 2006

ROTTERDAM, August 2  /PRNewswire-FirstCall/ -- Mittal Steel Company N.V. ("Mittal Steel" or "the Company"), the world's largest and most global steel company, today announced results for the three months ended June 30, 2006.

  Highlights:

  - Excellent results, higher than guidance

  - Operating income in Q206 up almost 50% from Q106

  - EPS up 36% from Q106

  - Operating income expected to increase by approximately 25%
    in Q306 on Q206 levels

  (US dollars in millions except per share and shipment data)

                           2Q 2006 1Q 2006 2Q 2005 1H 2006 1H 2005
  Shipments (000'ST)        16,763  15,597  12,181  32,360  22,560
  Sales                     $9,230  $8,430  $7,604 $17,660 $14,028
  Operating income           1,517   1,017   1,391   2,534   3,110
  Net income                 1,015     743   1,090   1,758   2,237
  Basic Earnings Per Share    1.44    1.06    1.57    2.49    3.35




The results for 2005 include Mittal Steel USA ISG Inc. ("ISG"), formerly International Steel Group, from April 15, 2005 and the results of Mittal Steel Kryviy Rih, formerly Kryvorizhstal, from November 26, 2005. The results for 2006 include the results of certain Stelco subsidiaries (namely Norambar Inc. and Stelfil Ltee plants located in Quebec and the Stelwire Ltd. plant in Ontario), from February 1, 2006. As a result, prior period results are not entirely comparable.

Commenting, Lakshmi N Mittal, Chairman and CEO Mittal Steel Company, said:

"We are delighted to report a very strong set of results for the second quarter, with operating income increasing some 49% compared with the first quarter. This improvement is due to improved market conditions in all three of our main operating regions. As we anticipated in May, the recovery is now underway in Asia resulting into higher selling prices. Additionally, we have delivered a strong performance in Europe, particularly in the Ukraine where synergies are now being delivered, and in America, where costs have been reduced.

"Looking forward, we expect market conditions to continue to improve, driving further growth in shipments and operating income in the third quarter.

"Meanwhile approximately 92% of Arcelor's equity holders (on a fully diluted basis) have accepted our offer for the company and we are now focused on achieving a successful integration. The underlying fundamentals for the industry in the long-term remain positive and we are very excited about the potential of the Company."

SECOND QUARTER 2006 EARNINGS ANALYST CONFERENCE CALL

Mittal Steel management and Arcelor management will host a combined conference call for members of the investment community to discuss the financial performance of Mittal Steel and Arcelor at 9:00 AM New York time / 2:00 PM London time / 3:00 PM CET on Wednesday, August 2, 2006. The conference call will include a brief question and answer session with senior management. The conference call information is as follows:

                         Date: Wednesday, August 2nd
       Time: 9:00 am New York Time / 2:00 pm London Time / 3:00 pm CET
            Dial-In Number from within the U.S.: [phone]
           Dial-In Number from within the U.K.: [phone]



For individuals unable to participate in the conference call, a telephone replay will be available until September 1, 2006 at:

               International Replay Number: [phone]
                             Access code 634819#




A web cast of the conference call can also be accessed via http://www.mittalsteel.com/ and will be available for one week. Real Player or Windows Media Player will be required in order to access the web cast.

SECOND QUARTER 2006 MEDIA CONFERENCE CALL

Additionally, Arcelor and Mittal Steel will host a joint conference call for media today at:

                         Date: Wednesday, August 2nd
       Time: 8:00 am New York Time / 1:00 pm London Time / 2:00 pm CET
                    The dial in number: [phone]


  Forward-Looking Statements


This document may contain forward-looking information and statements about Mittal Steel Company N.V., Arcelor S.A. and/or their combined businesses after completion of the proposed acquisition. These statements include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Forward-looking statements may be identified by the words "believe," "expect," "anticipate," "target" or similar expressions. Although Mittal Steel's management believes that the expectations reflected in such forward-looking statements are reasonable, investors and holders of Arcelor's securities are cautioned that forward-looking information and statements are subject to numerous risks and uncertainties, many of which are difficult to predict and generally beyond the control of Mittal Steel, that could cause actual results and developments to differ materially and adversely from those expressed in, or implied or projected by, the forward-looking information and statements. These risks and uncertainties include those discussed or identified in the filings with the Netherlands Authority for the Financial Markets and the SEC made or to be made by Mittal Steel, including (in the latter case) on Form 20-F and on Form F-4. Mittal Steel undertakes no obligation to publicly update its forward-looking statements, whether as a result of new information, future events, or otherwise.

No Offer

No offer to exchange or purchase any Arcelor shares or convertible bonds has been or will be made in The Netherlands or in any jurisdiction other than Luxembourg, Belgium, Spain, France and the United States. This document does not constitute an offer to exchange or purchase any Arcelor shares or convertible bonds. Such an offer is made only pursuant to the official offer document approved by the appropriate regulators.

Important Information

In connection with its proposed acquisition of Arcelor S.A., Mittal Steel has filed important documents (1) in Europe, with the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, the Commission Bancaire, Financiere et des Assurances (CBFA) in Belgium, the Comision Nacional del Mercado de Valores (CNMV) in Spain and the Autorite des marches financiers (AMF) in France, including local versions of the Information Document approved by the CSSF, the CBFA and the AMF (AMF approval no. 06-139) on May 16, 2006 and by the CNMV on May 22, 2006 and local versions of supplements thereto approved by such regulators on May 31, 2006 (AMF approval no. 06-169) and July 4, 2006 (AMF no. 06-250), and a Share Listing Prospectus approved by the Autoriteit Financiele Markten (AFM) in The Netherlands on May 16, 2006 and supplements thereto approved by the AFM on May 31, 2006, June 23, 2006, July 4, 2006, and July 5, 2006 and (2) with the Securities and Exchange Commission (SEC) in the United States, including a registration statement on Form F-4, a Prospectus for the exchange offer, dated June 7, 2006, an Amended and Restated Exchange Offer Prospectus, dated June 29, 2006, a prospectus supplement dated July 7, 2006, and related documents. Investors and Arcelor security holders outside the United States are urged to carefully read the Information Document and the Share Listing Prospectus, including the supplements thereto, which together contain all relevant information in relation to the Offer. Investors and Arcelor security holders in the United States are urged to carefully read the registration statement on Form F-4, the Amended and Restated Exchange Offer Prospectus, the prospectus supplement thereto, and related documents. All such documents contain important information. Investors and Arcelor security holders may obtain copies of such documents free of charge on Mittal Steel's website at http://www.mittalsteel.com/. In addition, the French version of the Information Document is available on the AMF's website at http://www.amf-france.org/, the Spanish version of the Information Document is available on the CNMV's website at http://www.cnmv.es/, and the registration statement on Form F-4, the Amended and Restated Prospectus, the prospectus supplement thereto and related documents are available on the SEC's website at http://www.sec.gov/. 

  For further information, visit our web site: http://www.mittalsteel.com/
  MITTAL STEEL COMPANY N.V. REPORTS
  SECOND QUARTER 2006 RESULTS


Mittal Steel Company N.V. (New York: MT; Amsterdam: MT; Madrid: MTS; Paris: MTP; Brussels: MTBL; Luxembourg: MT), net income for the three months ended June 30, 2006, was $1.0 billion or $1.44 per share, as compared with net income of $743 million or $1.06 per share for the three months ended March 31, 2006, and $1.1 billion or $1.57 per share for the three months ended June 30, 2005.

Consolidated sales and operating income for the three months ended June 30, 2006, were $9.2 billion and $1.5 billion, respectively, as compared with $8.4 billion and $1.0 billion, respectively, for the three months ended March 31, 2006, and as compared with $7.6 billion and $1.4 billion, respectively, for the three months ended June 30, 2005.

Total steel shipments[1] for the three months ended June 30, 2006, were 16.8 million tons as compared with 15.6 million tons for the three months ended March 31, 2006, and 12.2 million tons for the three months ended June 30, 2005.

Group inter-company transactions have been eliminated in financial consolidation. The financial information in this press release has been prepared based on accounting principles generally accepted in the United States of America ("US GAAP"). Appendix 1 includes reconciliation from US GAAP to International Financial Reporting Standards as endorsed by the European Union ("IRFS") and Appendix 4 includes financial information prepared on the basis of IFRS.

Analysis of operations

The following analysis of operations includes Mittal Steel USA ISG Inc. ("ISG"), formerly International Steel Group, from April 15, 2005, the results of Mittal Steel Kryviy Rih, formerly Kryvorizhstal (Ukraine), from November 26, 2005, and the results of certain former Stelco subsidiaries (namely Norambar Inc. and Stelfil Ltee plants located in Quebec and the Stelwire Ltd. plant in Ontario), from February 1, 2006. As a result, prior period results are not entirely comparable.

Steel shipments in the three months ended June 30, 2006, were higher by 7% as compared with the three months ended March 31, 2006, primarily due to improved market conditions for our products and improved sales volumes at Mittal Steel Kryviy Rih. Steel shipments for the three months ended June 30, 2006, were 38% higher as compared with the three months ended June 30, 2005, due primarily to the inclusion of ISG and Mittal Steel Kryviy Rih (16% higher excluding ISG and Mittal Steel Kryviy Rih).

Average selling prices in the three months ended June 30, 2006, were higher by 3% as compared with the three months ended March 31, 2006, due to an improved market. However, average selling prices in the three months ended June 30, 2006, were lower by 7% as compared with the three months ended June 30, 2005 (4% lower excluding ISG and Mittal Steel Kryviy Rih).

Average cost of sales (excluding depreciation) per ton during the three months ended June 30, 2006, were lower by 2% as compared with the three months ended March 31, 2006, primarily due to improved steel production. Average cost of sales (excluding depreciation) per ton during the three months ended June 30, 2006, was lower by 6% as compared with the three months ended June 30, 2005, due primarily to the lower cost base of Mittal Steel Kryviy Rih relative to Mittal Steel's other operations (1% lower excluding ISG and Mittal Steel Kryviy Rih).

Selling, general and administrative expenses in the three months ended June 30, 2006, decreased by 8% as compared with the three months ended March 31, 2006, primarily due to capitalized mergers and acquisition related expenses included in first quarter 2006. In the three months ended June 30, 2006, selling, general and administrative expenses decreased by 2% as compared with the three months ended June 30, 2005 (14% lower excluding ISG and Mittal Steel Kryviy Rih).

Other operating income for the three months ended June 30, 2006, was $52 million which includes $34 million reversal of certain provisions in Europe and $6 million worth of CO2 emissions sales in Europe. This compares to $19 million for the three months ended March 31, 2006, which includes $31 million of CO2 emission sales in Europe. There was no other operating income for the three months ended June 30, 2005.

Operating income for the three months ended June 30, 2006, was $1.5 billion as compared with $1.0 billion for the three months ended March 31, 2006. Operating income for the three months ended June 30, 2005, was $1.4 billion.

Other income (expense)-net for the three months ended June 30, 2006, was $3 million as compared with $7 million for the three months ended March 31, 2006. Other income (expense)-net for the three months ended June 30, 2005, was $35 million, which included a gain from sale of property and dividends from our investments.

Income from equity method investments for the three months ended June 30, 2006, was $13 million as compared with $25 million for the three months ended March 31, 2006. Income from equity method investments were $32 million for the three months ended June 30, 2005.

Net interest expense for the three months ended June 30, 2006, declined to $102 million as compared with $110 million for the three months ended March 31, 2006, following an overall reduction in net debt. Net interest expense for the three months ended June 30, 2005, was $55 million.

Income tax expense for the three months ended June 30, 2006, amounted to $370 million as compared with $116 million for the three months ended March 31, 2006. The effective tax rate for the three months ended June 30, 2006, was 25% as compared with 12% for three months ended March 31, 2006. The effective tax rate for the three months ended March 31, 2006 was lower primarily due to the release of valuation allowances of $107 million. Income tax expense for the three months ended June 30, 2005, amounted to $165 million with an effective tax rate of 12%.

Net income for the three months ended June 30, 2006, increased to $1,015 million as compared with the three months ended March 31, 2006, of $743 million. Net income for the three months ended June 30, 2006, was lower as compared with $1,090 million for the three months ended June 30, 2005, owing to the reasons discussed above.

Americas

Total steel shipments in the Americas region were 6.9 million tons in the three months ended June 30, 2006, as compared with 6.8 million tons for the three months ended March 31, 2006, primarily due to improved market conditions for our products particularly in our Mexican operations. The effect of these improved market conditions was partly offset by reduced shipments at Mittal Steel USA resulting from a fire in its Indiana Harbor facility in East Chicago on April 28, 2006, which halted production in one of the steelmaking shops. This decreased steel production by approximately 200,000 tons and at Mittal Steel USA's Sparrows Point facility which faced severe production issues following a lightning strike at an electrical substation during a storm on June 23, 2006. The Mittal Steel USA's Sparrows Point facility is expected to lose approximately 250,000 tons of ironmaking as a result of the incident. The damage to equipment and losses associated with business interruption in excess of the Company's deductible is to be covered by insurance in both instances.

Total steel shipments were higher in the three months ended June 30, 2006, as compared with 5.4 million tons for the three months ended June 30, 2005, primarily due to the inclusion of ISG. Excluding the impact of ISG, total steel shipments were higher in the three months ended June 30, 2006, at 3.0 million tons, as compared with 2.6 million tons for the three months ended June 30, 2005.

Sales were higher at $4.2 billion for the three months ended June 30, 2006, as compared with $4.1 billion for the three months ended March 31, 2006, primarily as a result of increased shipments and a marginal increase in selling prices. Sales were higher in the three months ended June 30, 2006, as compared with $3.5 billion for the three months ended June 30, 2005, primarily due to the inclusion of ISG, with increased shipments offset by marginally lower selling prices. Excluding the impact of ISG, sales were higher at $1.6 billion in the three months ended June 30, 2006, as compared with $1.5 billion for the three months ended June 30, 2005.

Operating income was higher at $448 million for the three months ended June 30, 2006, as compared with $340 million for the three months ended March 31, 2006, primarily due to higher volumes and marginally higher average selling prices, as well as lower costs. Operating income for the three months ended June 30, 2006, remained flat as compared with the three months ended June 30, 2005, as the impact of higher shipments and lower cost of sales was offset by lower selling prices. Excluding the impact of ISG, operating income was lower at $173 million for the three months ended June 30, 2006, as compared with $270 million for the three months ended June 30, 2005.

Europe

Total steel shipments in the European region were 6.8 million tons for the three months ended June 30, 2006, as compared with 5.8 million tons for the three months ended March 31, 2006. Total steel shipments were higher in the three months ended June 30, 2006, as compared with 4.0 million tons for the three months ended June 30, 2005, primarily due to the inclusion of Mittal Steel Kryviy Rih. Excluding Mittal Steel Kryviy Rih, total steel shipments in the European region were higher at 4.8 million tons for the three months ended June 30, 2006, as compared with 4.0 million tons for the three months ended June 30, 2005.

Sales were higher at $3.5 billion in the three months ended June 30, 2006, as compared with $2.9 billion for the three months ended March 31, 2006, primarily due to improved shipments in our Ukrainian operations and higher selling prices. Sales were higher in the three months ended June 30, 2006, as compared to $2.6 billion for the three months ended June 30, 2005, primarily due to the inclusion of Mittal Steel Kryviy Rih as well as improved shipments in our Czech and Polish operations, the effect of which was partially offset by reduced selling prices primarily in our German and French operations. Excluding Mittal Steel Kryviy Rih, sales were higher at $2.7 billion in the three months ended June 30, 2006, as compared with $2.6 billion for the three months ended June 30, 2005, due to higher shipments partially offset by lower selling prices.

Operating income was higher at $719 million for the three months ended June 30, 2006 as compared with $344 million for the three months ended March 31, 2006, primarily due to higher volumes, higher selling prices and marginally lower costs. Operating income for the three months ended March 31, 2006 also includes $56 million from the reduction of customer rebates. Operating income for the three months ended June 30, 2006, was higher as compared with $263 million for the three months ended June 30, 2005 primarily due to higher volumes and lower costs offset by reduced selling prices as well as the inclusion of Mittal Steel Kryviy Rih. Excluding Mittal Steel Kryviy Rih, operating income was higher at $501 million for the three months ended June 30, 2006, as compared with $263 million for the three months ended June 30, 2005.

Asia & Africa

Total steel shipments in the Asia & Africa region were 3.1 million tons in the three months ended June 30, 2006, as compared with 3.0 million tons for three months ended March 31, 2006 and 2.7 million tons for the three months ended June 30, 2005.

Sales were higher at $1.7 billion in the three months ended June 30, 2006, as compared with $1.6 billion for the three months ended March 31, 2006 primarily due to higher volumes and selling prices. Sales were lower in the three months ended June 30, 2006, as compared with $2.1 billion for the three months ended June 30, 2005 primarily due to higher shipments offset by lower selling prices.

Operating income was higher at $326 million for the three months ended June 30, 2006, as compared with $282 million for the three months ended March 31, 2006, primarily due to higher shipments and selling prices partially offset by increased costs. Operating income for the three months ended June 30, 2006 was lower as compared with $678 million for the three months ended June 30, 2005, primarily due to higher shipments offset by lower selling prices and higher costs.

Liquidity / Capital resources

The Company's liquidity position remains strong. As of June 30, 2006, the Company's cash and cash equivalents including restricted cash and short-term investments were $3.2 billion ($2.2 billion at March 31, 2006). Restricted cash at June 30, 2006 includes $987 million in respect of cash collateral provided for a bank guarantee in connection with the Arcelor offer. In addition, the Company, including its operating subsidiaries, had available borrowing capacity of $2.2 billion at June 30, 2006, as compared with $2.3 billion at March 31, 2006.

For the three months ended June 30, 2006, net cash provided by operating activities was $1,719 million, as compared with $388 million for the three months ended March 31, 2006, primarily due to the increase in trade accounts payables and improvements in trade account receivables. For the three months ended June 30, 2005, net cash provided by operating activities was $983 million. Net working capital (inventory plus accounts receivable plus prepaid expenses minus accounts payable minus accrued expenses and other liabilities) improved by $285 million.

As of June 30, 2006 the Company's net debt (which includes long-term debt plus short-term debt less cash and cash equivalents, short term investments and restricted cash) declined by $1.1 billion to $5.1 billion as compared to $6.2 billion at March 31, 2006.

Capital expenditure during the three months ended June 30, 2006, was $348 million as compared with $263 million for the three months ended March 31, 2006, and $255 million for the three months ended June 30, 2005.

Depreciation during the three months ended June 30, 2006, was $261 million as compared with $287 million for the three months ended March 31, 2006. Depreciation during the three months ended June 30, 2006, was higher as compared with $192 million for the three months ended June 30, 2005 (primarily due to inclusion of ISG and Mittal Steel Kryviy Rih).

As previously announced, Mittal Steel will pay a US$ 0.125 per share quarterly dividend on September 15, 2006.

During the three months ended June 30, 2006, Mittal Steel paid interim dividends of $105 million which includes a $17 million dividend payment to the Ukraine government. During the three months ended March 31, 2006, Mittal Steel paid interim dividends of $136 million (including $48 million of dividends paid to minority shareholders at Mittal Steel's South African subsidiary).

On April 1, 2006, Ispat Inland ULC redeemed $150 million of floating rate notes bearing interest at LIBOR plus 6.75% due April 1, 2010. The floating rate notes were redeemed at a price of 103.0% of the principal amount (the call premium of $4.5 million was expensed in the three months ended March 31, 2006).

On April 4, 2006, Mittal Steel signed a $200 million loan agreement with the European Bank for Reconstruction and Development for on-lending to Mittal Steel Kryviy Rih. The loan has a maturity of seven years and bears interest based on LIBOR plus a margin based on a ratings grid. Drawdown of this facility took place on May 10, 2006.

On April 20, 2006, the Pension Benefit Guaranty Corporation ("PBGC") converted the entire $35 million outstanding principal amount plus accrued interest of the convertible note issued by ISG into 1,268,719 class A common shares of Mittal Steel.

On May 23, 2006, the Company entered into a EUR2.8 billion (approximately $3.4 billion) credit agreement to finance (together with a EUR5.0 billion (approximately $6.1 billion) credit agreement entered into on January 30, 2006 with the same group of lenders) the cash portion of the offer for Arcelor.

Mittal Steel's $3.5 billion Bridge financing facility used for the Mittal Steel Kryviy Rih acquisition has been repaid in full on June 26, 2006 with the proceeds of the Company's EUR3.0 billion credit agreement. This Bridge facility was subsequently cancelled.

Recent Developments

- On July 26, 2006 Mittal Steel Company N.V. announced the final results of the initial offering period of its offer for Arcelor securities, which expired on July 13 in Belgium, France, Luxembourg, Spain and the U.S. As of such date, in the aggregate:

- 594,549,753 Arcelor shares have been tendered (including Arcelor shares underlying Arcelor ADSs tendered in the U.S. offer); and

- 9,858,533 Arcelor convertible bonds (OCEANEs 2017) have been tendered; represent, on a fully-diluted basis, 91.88% of Arcelor's share capital and 91.97% of Arcelor's voting rights.

- As a result, 665.6 million new Mittal Steel shares will be issued as consideration for the offer and the cash portion of the total offer consideration will be approximately EUR7.78 billion.

The cash portion of the offer was financed with cash resources available to the Company, i.e., its EUR5 billion credit facility and its EUR2.8 million bridge facility. Both of these facilities were entered into to finance the cash portion of the offer.

In addition, the settlement of the offer made in the initial offering period, the delivery of the Mittal Steel shares offered, the payment of the cash consideration and the listing of the new Mittal Steel shares issued as consideration on Euronext Amsterdam, Euronext Brussels, Euronext Paris, the Luxembourg Stock Exchange, the New York Stock Exchange and the stock exchanges of Barcelona, Bilbao, Valencia and Madrid, occurred on August 1, 2006.

Pursuant to Luxembourg and Belgian laws, the Company has commenced a subsequent offering period of the offer in Belgium, France, Luxembourg, Spain and the U.S., lasting from July 27, 2006 to August 17, 2006. The subsequent offering period will have the same terms and conditions as the initial offering period that ended on July 13, 2006 (except for the minimum tender condition, which has already been met).

Pursuant to Luxembourg law, after the end of the subsequent offering period, Arcelor's remaining shareholders will be entitled to initiate proceedings to sell their shares to Mittal Steel. Consideration for such sale may be, at the discretion of Mittal Steel, either the same consideration as offered in the offer, with the cash secondary offer being uncapped, or a cash option only at a price of Euros 40.40 per Arcelor share. This sell-out right must be exercised during the three-month period starting on August 18, 2006 and ending on November 17, 2006. A further press release will detail the terms and conditions of this sell-out right.

- Following the announcement of the final results of the offer, on July 26, 2006 Standard & Poor's lowered its long-term corporate credit rating on the Company from "BBB+" to "BBB" and removed the rating from CreditWatch with negative implications.

Outlook for third quarter 2006

Operating income is expected to increase by approximately 25% in Q306 on Q206 levels.

  MITTAL STEEL COMPANY N.V. CONSOLIDATED FINANCIAL & OTHER INFORMATION
  (UNDER US GAAP)
  MITTAL STEEL COMPANY N.V. CONSOLIDATED BALANCE SHEETS

      Balance sheet                              As of
                                   June 30,    March 31,  December 31,
      In millions of US dollars      2006        2006         2005
                                  (Unaudited) (Unaudited)  (Audited)
      ASSETS
      Current Assets
      Cash and cash equivalents       $ 2,121     $ 2,051      $ 2,035
      Restricted cash                   1,054          85          100
      Short-term investments               14          15           14
      Trade accounts receivable -       2,895       2,957        2,287
      net
      Inventories                       5,856       5,839        6,036
      Prepaid expenses and other        1,022       1,116        1,040
      current assets
      Deferred tax assets                 195         174          200
      Total Current Assets             13,157      12,237       11,712

      Property, plant and              15,329      15,555       15,539
      equipment -net
      Investments in affiliates         1,154       1,178        1,187
      and joint ventures
      Deferred tax assets                 914         885          785
      Goodwill and intangible           1,898       1,671        1,439
      assets
      Other assets                        343         357          380
      Total Assets                    $32,795     $31,883      $31,042

      LIABILITIES AND
      SHAREHOLDERS' EQUITY
      Current Liabilities
      Payable to banks and              $ 169       $ 376        $ 334
      current portion of
      long-term debt
      Trade accounts payable            2,617       2,482        2,504
      Accrued expenses and other        2,865       2,701        2,661
      current liabilities
      Deferred tax liabilities            160         140          116
      Total Current Liabilities         5,811       5,699        5,615

      Long-term debt, net of            8,089       7,940        7,974
      current portion
      Deferred tax liabilities          1,463       1,445        1,602
      Deferred employee benefits        2,606       2,634        2,506
      Other long-term obligations       1,268       1,385        1,361
      Total Liabilities                19,237      19,103       19,058

      Minority Interest                 2,015       1,904        1,834

      Shareholders' Equity
      Common shares                        60          60           60
      Treasury stock                      (90)       (110)        (111)
      Additional paid-in capital        2,479       2,458        2,456
      Retained earnings                 9,470       8,543        7,891
      Accumulated other                  (376)        (75)        (146)
      comprehensive income (loss)
      Total Shareholders' Equity       11,543      10,876       10,150
      Total Liabilities and           $32,795     $31,883      $31,042
      Shareholders' Equity

  MITTAL STEEL COMPANY N.V. CONSOLIDATED FINANCIAL & OTHER INFORMATION
  (UNDER US GAAP)
  MITTAL STEEL COMPANY N.V. CONSOLIDATED STATEMENTS OF INCOME DATA & OTHER
  INFORMATION

                              Three Months Ended        Six Months Ended

  In millions of US       June 30,  March 31, June 30,  June 30,  June 30,
  dollars, except           2006      2006      2005      2006      2005
  shares, per share
  and shipment data      Unaudited Unaudited Unaudited Unaudited Unaudited

  STATEMENTS OF INCOME DATA
  Sales                  $ 9,230   $ 8,430   $ 7,604  $ 17,660  $ 14,028
  Costs and expenses:
  Cost of sales
  (exclusive of
  depreciation shown
  separately)              7,237     6,854     5,748    14,091    10,037
  Depreciation               261       287       192       548       355
  Selling, general
  and administrative
  expenses                   267       291       273       558       526
  Other operating
  (income) expense
   - net                     (52)      (19)        -       (71)       -

                           7,713     7,413     6,213    15,126    10,918


  Operating income         1,517     1,017     1,391     2,534     3,110
  Operating margin          16.4%     12.1%     18.3%     14.3%     22.2%
  Other income
  (expense) - net              3         7        35        10        40
  Income from equity
  method investments          13        25        32        38        47
  Financing costs:
  Interest (expense)        (142)     (130)      (88)     (272)     (146)
  Interest income             40        20        33        60        58
  Net gain (loss)
  from foreign
  exchange
  transactions                75         5         4        80        17

                             (27)     (105)      (51)     (132)      (71)

  Income before
  taxes and
  minority interest        1,506       944     1,407     2,450     3,126
  Income tax
  expense:
  Current                    281       151       161       432       451
  Deferred                    89       (35)        4        54       111
                             370       116       165       486       562
  Income before
  minority interest        1,136       828     1,242     1,964     2,564
  Minority interest          (21)      (85)     (152)     (206)     (327)
  Net income             $ 1,015     $ 743   $ 1,090   $ 1,758   $ 2,237
  Basic earnings
  per common share         $1.44     $1.06     $1.57     $2.49     $3.35
  Diluted earnings
  per common share          1.44      1.05      1.57      2.49      3.35
  Weighted average
  common shares
  outstanding
  (in millions)              705       704       695       705       669
  Diluted weighted
  average common
  shares outstanding
  (in millions)              706       706       695       706       669

  OTHER INFORMATION
  Total shipments
  of steel products
  including inter-
  company shipments       16,763    15,597    12,181    32,360    22,560
  (thousands of short
  tons)

  MITTAL STEEL COMPANY N.V. CONSOLIDATED FINANCIAL & OTHER INFORMATION
  (UNDER US GAAP)
  MITTAL STEEL COMPANY N.V. CONSOLIDATED STATEMENTS OF CASH FLOWS

                          Three Months Ended              Six Months Ended
  In millions of   June 30,    March 31,   June 30,    June 30,    June 30,
  US dollars         2006        2006        2005        2006        2005
                (Unaudited) (Unaudited) (Unaudited) (Unaudited)  Unaudited)
  Operating
  activities:
  Net income     $ 1,015       $ 743     $ 1,090       $ 1,758     $ 2,237
  Adjustments to
  reconcile net
  income to net
  cash provided
  by operations:
  Depreciation       261         287         192           548         355
  Net accretion     (101)        (89)        (42)         (190)        (42)
  of purchased
  intangibles
  Net foreign         32          (3)         (7)           29         (12)
  exchange loss
  (gain)
  Deferred            89         (35)        (17)           54          90
  income tax
  Income from        (31)        (24)           -          (55)         -
  equity method
  investment
  Distribution        13          12         (14)           25        (24)
  from equity
  method
  investments
  Loss (gain) on      14           2         (15)           16        (15)
  sale of
  property plant
  & equipment
  Minority           121          85         152           206         327
  interest
  Other non cash     (18)        (29)        (22)          (47)        (10)
  operating
  activities
  (net)
  Changes in
  operating
  assets and
  liabilities,
  net of effects
  from
  acquisitions:
  Trade accounts        2       (544)         448         (542)        274
  receivable
  Short-term            -           -         (8)             -        (8)
  investments
  Inventories         (64)       308         210           244       (105)
  Prepaid              11        (14)       (141)           (3)      (228)
  expenses and
  other assets
  Trade accounts      188       (104)       (542)            84      (621)
  payable
  Accrued             148       (211)       (151)          (63)      (124)
  expenses and
  other
  liabilities
  Deferred             39           4       (150)            43       (146)
  employee
  benefit costs
  Net cash          1,719         388         983         2,107      1,948
  provided by
  operating
  activities
  Investing
  activities:
  Purchase of       (348)       (263)       (255)         (611)      (460)
  property,
  plant and
  equipment
  Proceeds from        15           4          37            19         29
  sale of assets
  and
  investments
  including
  affiliates and
  joint ventures
  Acquisition of      (2)        (32)     (1,306)          (34)     (1,306)
  net assets of
  subsidiaries,
  net of cash
  acquired
  Investments in       3           1          22             4          22
  affiliates and
  joint ventures
  - net
  Restricted        (969)         15         (97)         (954)       (542)
  cash
  Other               11          (3)         (1)            8          (1)
  investing
  activities
  (net)
  Net cash used   (1,290)       (278)     (1,600)       (1,568)     (2,258)
  in investing
  activities
  Financing
  activities:
  Proceeds from       33          13         824            46       1,344
  payable to
  banks
  Proceeds from    4,183         179       3,080         4,362       3,099
  long-term debt
  Debt issuance      (57)           -        (10)          (57)        (10)
  cost
  Payments of       (108)        (20)       (707)         (128)     (1,215)
  payable to
  banks
  Payments of     (4,222)       (165)     (1,208)       (4,387)     (1,324)
  long-term debt
  Purchase of           -          1           -             1           -
  treasury stock
  Sale of               3         (2)          4             1           6
  treasury stock
  for stock
  option
  exercised
  Dividends paid    (105)       (136)     (1,375)         (241)     (1,801)
  (includes $48
  of dividend
  paid to
  minority
  shareholders
  during the
  first quarter
  2006; $nil for
  second quarter
  2005 and $150
  for the first
  quarter 2005)
  Other                 -           -        (18)             -        (18)
  financing
  activities
  (net)
  Net cash          (273)       (130)        590         (403)          81
  provided by
  (used in)
  financing
  activities
  Net increase       156         (20)        (27)         136         (229)
  (decrease) in
  cash and cash
  equivalents
  Effect of          (86)         36         (95)         (50)        (217)
  exchange rate
  changes on
  cash
  Cash and cash
  equivalents:
  At the            2,051       2,035       2,171         2,035       2,495
  beginning of
  the period
  At the end of    $2,121      $2,051      $2,049        $2,121      $2,049
  the period



  Mittal Steel Company N.V.
  Appendix 1 - Quarter 2 2006
  Unaudited Reconciliation of US GAAP financials to IFRS


  US GAAP to IFRS reconciliation


The Company considers US GAAP as its primary GAAP. The statutory financial statements of Mittal Steel are prepared in accordance IFRS. To provide an understanding of the differences between US GAAP and IFRS, the effect on consolidated shareholders' equity and net income are described in the following table and notes:

                                             June 30, 2006 June 30, 2005
  Shareholders' equity as reported in
  accordance with US GAAP                      $11,543        $9,190
  Minority interest as reported in
  accordance with US GAAP                        2,015         1,756
                                                13,558        10,946

  Adjustments recorded to comply with IFRS
  Employee benefits (see note 1)                 1,349         1,020
  Business combinations (see note 2)             3,219         3,625
  Other (see note 3)                                 1             1
  Tax effect on the above (see note 4)          (1,286)       (1,081)

  Total increase                                 3,283         3,565

  Total equity as reported in accordance with
  IFRS                                         $16,841       $14,511


                                         Six months       Six months
                                         ended June       ended June
                                          30, 2006         30, 2005

  Net income as reported in accordance
  with US GAAP                             $1,758            $2,237
  Minority interest as reported in
  accordance with US GAAP                     206               327
  Total under US GAAP (including minority
  interest)                                 1,964             2,564

  Adjustments recorded to comply with IFRS

  Employee benefits (see note 1)
                                              (21)              (14)
  Business combinations (see note 2)         (225)               17
  Other (see note 3)                          (23)               (4)

  Tax effect on the above (see note 4)          4                28

  Total (decrease) / increase                (265)               27

  Net income as reported in accordance
  with IFRS                                $1,699            $2,591


  Notes to the reconciliation from US GAAP to IFRS
  1) Employee benefits


Under US GAAP past service cost is amortized over the remaining working lives for both vested and unvested rights, whereas under IFRS only unvested rights remain unrecognized. Under US GAAP a company is required to recognize a minimum pension liability if certain conditions have been met. IFRS does not require such a minimum pension liability.

2) Business combinations

Under US GAAP, negative goodwill is deducted, on a pro-rata basis, from the value of the non-current assets acquired, primarily property, plant and equipment. Under IFRS negative goodwill is directly recognized in the income statement. Because the carrying amount of non current assets is higher under IFRS, the depreciation in the income statement increases proportionally.

Under IFRS, the requirements for including a restructuring provision in the liabilities assumed in a business combination are more stringent than under US GAAP. In 2006 additional purchase accounting liabilities were recorded, which do not qualify for IFRS. Also additional values were assigned to assets acquired and liabilities assumed, which were equal for IFRS and US GAAP. As the adjustment to assets acquired exceeded the adjustment to liabilities assumed, additional negative goodwill income was recognized to an amount of $51 million (net of tax). The difference is included in opening equity in accordance with IFRS 3. As a consequence, expenses recorded against the provision under US GAAP are expensed under IFRS.

3) Other

Other adjustments relate mostly to measurement of inventory. Under IFRS inventory is measured on the basis of First In - First Out (FIFO). Under US GAAP the Company measures certain inventory on the basis of Last In - First Out (LIFO). This measurement is adjusted for IFRS.

4) Deferred income tax

Under US GAAP, negative goodwill is deducted, on a pro-rata basis, from the value of the non-current assets acquired, primarily property, plant and equipment. A corresponding tax asset for the temporary difference created is recorded, less a valuation allowance, if applicable. Under IFRS, negative goodwill is directly recognized in the income statement with no tax asset recorded.

  Mittal Steel Company N.V.
  Appendix 2 - Quarter 2 2006
  Shipments by country (Thousands of short tons)

                                              Three Months Ended
                          June 30, 2006      March 31         June 30, 2005
                                              2006
  Americas

  United States of America     5,095          5,154             3,799

  Mexico                       1,005            937             1,073

  Canada                         538            466               357

  Trinidad                       226            193               194

  TOTAL AMERICAS               6,864          6,750             5,423


  Europe

  West Europe (Germany and
  France)                       1003            970               798

  Poland                       1,337          1,321             1,052

  Romania                      1,309          1,251             1,399

  Czech Republic                 836            833               555

  Ukraine                      2,022          1,289                -

  Others                         276            176               237

  TOTAL EUROPE                 6,783          5,840             4,041


  Asia and Africa

  Kazakhstan                     983            915               790

  South Africa                 1,802          1,761             1,652

  Algeria                        331            331               275

  TOTAL ASIA AND AFRICA        3,116          3,007             2,717


  MITTAL STEEL COMPANY N.V.   16,763         15,597            12,181




- Amounts for total shipments of steel products (including inter-company shipments).

- The above analysis includes results of Mittal Steel USA ISG Inc. from April 15, 2005 and the results of certain former Stelco subsidiaries from February 1, 2006 (within Americas region), and the results of Mittal Steel Kryviy Rih (within European region) from November 26, 2005.

  Mittal Steel Company N.V.
  Appendix 3- Quarter 2 2006
  Key Financial and operational information (Under US GAAP)

  Amounts in
  millions      Americas    Europe       Asia &    Elimination     Mittal
  of US dollars                          Africa                    Steel
  unless
  otherwise
  stated
              (Unaudited) (Unaudited)   (Unaudited) (Unaudited)  (Unaudited)

  Financial Information

  Sales         $4,200      $3,480        $1,744      $(194)       $9,230

  Cost of sales
  (exclusive of
  depreciation)  3,556       2,597         1,279       (195)        7,237

  Gross profit
  (before
  deducting
  depreciation)    644         883           465           1        1,993
  Gross margin
  (as percentage
  of sales)       15.3%       25.4%         26.7%                    21.6%

  Depreciation     115          80            66           -          261
  Selling,
  general and
  administrative
  expenses          81         134            75        (23)          267
  Other
  Operating
  Expenses
  (Income)            -        (50)           (2)           -         (52)

  Operating
  income           448         719           326          24        1,517
  Operating
  margin
  (as
  percentage
  of sales)       10.7%       20.7%         18.7%                    16.4%

  EBITDA*          561         914           461        (67)        1,869
  EBITDA
  margin ( as
  percentage of
  sales)          13.4%       26.3%         26.4%                    20.2%

  Capital
  expenditure      113         135           100           -          348

  Operational Information

  Liquid Steel
  Production
  ('000 MT)      7,001       6,498         3,176                   16,675
  Liquid Steel
  Production
  ('000 ST)      7,718       7,163         3,501                   18,382

  Shipments
  ('000 MT)      6,227       6,153         2,827                   15,207
  Shipments
  ('000 ST)      6,864       6,783         3,116                   16,763

  Employees     25,300     125,900        69,400                  220,600




* EBITDA is income before tax and minority interest plus interest plus depreciation

- Shipment numbers include intercompany shipments.

- Sales as per statement of income above, includes other non-steel product sales (raw materials etc) and other sales (non-product). When computing average selling prices only steel sales are considered.

- Sales and cost of sales include shipping and handling fees as per EITF Issue No. 00-10.

  Mittal Steel Company N.V.
  Appendix 3- 1H 2006
  Key Financial and operational information (Under US GAAP)


  Amounts in
  millions    Americas     Europe          Asia    Elimination     Mittal
  of US dollars                          & Africa                   Steel
  unless
  otherwise
  stated
             (Unaudited) (Unaudited)   (Unaudited) (Unaudited)  (Unaudited)

  Financial Information

  Sales         $8,347      $6,395       $3,301*     $(383)*      $17,660

  Cost of sales
  (exclusive of
  depreciation)  7,153       4,930        2,424*      (416)*       14,091

  Gross profit
  (before
  deducting
  depreciation)  1,194       1,465           877          33        3,569
  Gross margin
  (as percentage
  of sales)       14.3%       22.9%         26.6%                    20.2%

  Depreciation     235         182           131           -          548
  Selling,
  general and
  administrative
  expenses         173         292           137        (44)          558
  Other
  Operating
  Expenses
  (Income)            -        (71)             -           -         (71)

  Operating
  income           786       1,062           609          77        2,534
  Operating
  margin
  (as
  percentage
  of sales)        9.4%       16.6%         18.4%                    14.3%

  EBITDA**       1,022       1,392           878        (82)        3,210
  EBITDA
  margin
  ( as
  percentage
  of sales)       12.2%       21.8%         26.6%                    18.2%

  Capital
  expenditure      188         246           177           -          611

  Operational Information

  Liquid Steel
  Production
  ('000 MT)     14,006      12,503         5,927                   32,436
  Liquid Steel
  Production
  ('000 ST)     15,439      13,783         6,533                   35,755

  Shipments
  ('000 MT)     12,350      11,451         5,555                   29,356
  Shipments
  ('000 ST)     13,614      12,623         6,123                   32,360

  Employees     25,300     125,900        69,400                  220,600

  * First quarter 2006 figures have been reclassed


** EBITDA is income before tax and minority interest plus interest plus depreciation

- Shipment numbers include intercompany shipments.

- Sales as per statement of income above, includes other non-steel product sales (raw materials etc) and other sales (non-product). When computing average selling prices only steel sales are considered.

- Sales and cost of sales include shipping and handling fees as per EITF Issue No. 00-10.

  Appendix 4

  MITTAL STEEL COMPANY N.V. CONSOLIDATED FINANCIAL & OTHER INFORMATION
  (UNDER IFRS)
  MITTAL STEEL COMPANY N.V. CONSOLIDATED BALANCE SHEETS

      Balance sheet                                    As of
                                         June 30,    March 31,  December 31,
      In millions of US dollars            2006        2006         2005
                                        (Unaudited) (Unaudited)  (Audited)
      ASSETS
      Current Assets
      Cash and cash equivalents            $ 2,121     $ 2,051      $ 2,035
      Restricted cash                        1,054          85          100
      Short-term investments                    14          15           14
      Trade accounts receivable - net        2,895       2,957        2,287
      Inventories                            5,849       5,825        5,994
      Prepaid expenses and other             1,010       1,116        1,040
      current assets

      Total Current Assets                  12,943      12,049       11,470

      Property, plant and equipment -       18,888      18,928       18,651
      net
      Investments in affiliates and          1,170       1,195          927
      joint ventures
      Deferred tax assets                      479         367          314
      Goodwill and intangible assets         1,751       1,715        1,706
      Other assets                             276         370          691
      Total Assets                          35,507     $34,624      $33,759

      LIABILITIES AND SHAREHOLDERS'
      EQUITY
      Current Liabilities
      Payable to banks and current             169       $ 376        $ 334
      portion of long-term debt
      Trade accounts payable                 2,617       2,482        2,504
      Accrued expenses and other             2,956       2,701        2,661
      current liabilities

      Total Current Liabilities              5,742       5,559        5,499

      Long-term debt, net of current         8,089       7,940        7,974
      portion
      Deferred tax liabilities               2,305       2,205        2,253
      Deferred employee benefits             1,195       1,198        1,054
      Other long-term obligations            1,335       1,419        1,395
      Total Liabilities                     18,666      18,321       18,175

      Shareholders' Equity
      Common shares                             60          60           60
      Treasury stock                          (90)       (110)        (111)
      Additional paid-in capital             2,262       2,241        2,239
      Retained earnings                     11,735      10,926       10,407
      Other reserves                           579         989          828
      Equity attributable to the equity     14,546      14,106       13,423
      holders of the parent
      Minority Interest                      2,295       2,197        2,161
      Total Equity                          16,841      16,303       15,584
      Total Liabilities and                $35,507     $34,624      $33,759
      Shareholders' Equity

  MITTAL STEEL COMPANY N.V. CONSOLIDATED FINANCIAL & OTHER INFORMATION
  (UNDER IFRS)
  MITTAL STEEL COMPANY N.V. CONSOLIDATED STATEMENTS OF INCOME DATA & OTHER
  INFORMATION


                              Three Months Ended       Six Months Ended
  In millions of US            June 30,    March 31,   June 30,    June 30,
  dollars, except shares,        2006        2006        2006        2005
  per share and shipment
  data
                            (Unaudited) (Unaudited) (Unaudited) (Unaudited)

  STATEMENTS OF INCOME DATA
  Sales                        $ 9,230     $ 8,430    $ 17,660    $ 14,028
  Costs and expenses:
  Cost of sales
  (exclusive of
  depreciation
  shown separately)              7,318       6,849      14,167      10,054
  Depreciation                     342         357         699         485
  Selling, general
  and administrative
  expenses                         266         291         557         527
  Other operating
  (income) expense
  - net                            (55)        (19)        (74)          -
                                 7,871       7,478      15,349      11,066
  Operating income               1,359         952       2,311       2,962
  Operating margin                14.7%       11.3%       13.1%       21.1%
  Other income
  (expense) - net                   (6)          7           1         187
  Income from equity
  method investments                13          25          38          47
  Financing costs:
  Interest (expense)              (150)       (200)       (350)       (146)
  Interest income                   40          20          60          58
  Net gain (loss)
  from foreign
  exchange
  transactions                      90           5          95          17
                                   (20)       (175)       (195)        (71)
  Income before
  taxes and
  minority interest              1,346         809       2,155       3,125
  Income tax expense:
  Current                          281         151         432         451
  Deferred                          58        (34)          24          83
                                   339         117         456         534
  Income before
  minority interest              1,007         692       1,699       2,591
  Minority interest               (110)        (82)       (192)       (324)
  Net income                     $ 897       $ 610     $ 1,507     $ 2,267
  Basic earnings
  per common share               $1.27       $0.87       $2.14       $3.39
  Diluted earnings
  per common share               $1.27        0.86        2.13        3.39
  Weighted average
  common shares
  outstanding
  (in millions)                    705         704         705         669
  Diluted weighted
  average common
  shares outstanding
  (in millions)                    706         706         706         669
  OTHER INFORMATION
  Total shipments of
  steel products
  including inter-
  company shipments
  (thousands of short
  tons)                         16,763      15,597      32,360      22,560

  MITTAL STEEL COMPANY N.V. CONSOLIDATED FINANCIAL & OTHER INFORMATION
  (UNDER IFRS)
  MITTAL STEEL COMPANY N.V. CONSOLIDATED STATEMENTS OF CASH FLOWS

                                            Three
                                           Months
                                            Ended       Six Months Ended
  In millions of US dollars               June 30,    June 30,    June 30,
                                            2006        2006        2005
                                       (Unaudited) (Unaudited) (Unaudited)
  Operating activities:
  Net income                                $ 1,007     $ 1,699     $ 2,591
  Adjustments to reconcile net income to
  net cash provided by operations:
  Depreciation                                  342         699        485
  Net accretion of purchased intangibles       (101)       (190)       (42)
  Net foreign exchange loss (gain)               32          29        (12)
  Deferred income tax                           108          50         62
  Income from equity method investment          (31)        (55)         -
  Distribution from equity method                13          25        (24)
  investments
  Loss (gain) on sale of property plant          14          16        (15)
  & equipment
  Other non cash operating activities           (1)        (48)       (153)
  (net)
  Changes in operating assets and
  liabilities, net of effects from
  acquisitions:
  Trade accounts receivable                       2        (542)       274
  Short-term investments                          -           -         (8)
  Inventories                                   (64)        260       (105)
  Prepaid expenses and other assets              11         (3)       (228)
  Trade accounts payable                        188          84       (621)
  Accrued expenses and other liabilities        148          18       (124)
  Deferred employee benefit costs                51          65       (132)
  Net cash provided by operating              1,719       2,107      1,948
  activities
  Investing activities:
  Purchase of property, plant and             (348)       (611)       (460)
  equipment
  Proceeds from sale of assets and              15          19          29
  investments including affiliates and
  joint ventures
  Acquisition of net assets of                  (2)        (34)     (1,306)
  subsidiaries, net of cash acquired
  Investments in affiliates and joint            3           4          22
  ventures - net
  Restricted cash                             (969)       (954)       (542)
  Other investing activities (net)              11           8          (1)
  Net cash used in investing activities     (1,290)     (1,568)     (2,258)
  Financing activities:
  Proceeds from payable to banks                33          46       1,344
  Proceeds from long-term debt               4,183       4,362       3,099
  Debt issuance cost                           (57)        (57)        (10)
  Payments of payable to banks                (108)       (128)     (1,215)
  Payments of long-term debt                (4,222)     (4,387)     (1,324)
  Purchase of treasury stock                     -           1           -
  Sale of treasury stock for stock               3           1           6
  option exercised
  Dividends paid (includes $48 of             (105)       (241)     (1,801)
  dividend paid to minority shareholders
  during the first quarter 2006; $nil
  for second quarter 2005 and $150 for
  the first quarter 2005)
  Other financing activities (net)                -           -        (18)
  Net cash provided by (used in)              (273)       (403)         81
  financing activities
  Net increase (decrease) in cash and          156         136        (229)
  cash equivalents
  Effect of exchange rate changes on           (86)        (50)       (217)
  cash
  Cash and cash equivalents:
  At the beginning of the period             2,051       2,035       2,495
  At the end of the period                  $2,121      $2,121      $2,049

  ---------------------------------
  [1] Total steel shipments include inter-company shipments.


DATASOURCE: Mittal Steel Company NV



CONTACT:  For further information, visit our web site:

http://www.mittalsteel.com/, or call: Mittal Steel Company N.V., Julien Onillon,

Director, Investor Relations, [phone];  Mittal Steel Company N.V.,

Thomas A. McCue, Director, North American Investor Relations (and Treasurer

Mittal Steel USA), [phone];  Mittal Steel Company N.V., Do-hyun AN,

Manager, Investor Relations, [phone]

Copyright