ISG Receives Early Termination Under HSR Act

ISG Receives Early Termination Under HSR Act 


RICHFIELD, Ohio, Dec. 20  /PRNewswire-FirstCall/ -- International Steel Group
Inc. (NYSE:ISG) announced today that it has received early termination of the
waiting period under Hart-Scott-Rodino Act for the previously announced merger
of ISG and Ispat International N.V.  Ispat International N.V. (NYSE: IST;
Euronext Amsterdam) announced on December 17 that it had completed its
acquisition of LNM Holdings N.V. and changed its name to Mittal Steel Company
N.V. Mittal Steel (NYSE: MT; Euronext Amsterdam) will trade on the New York
Stock Exchange and Euronext Amsterdam under the ticker symbol "MT," from Monday
20th December and Friday 17th December respectively.

The merger of ISG and Mittal Steel is subject to approval by the shareholders
of ISG and Mittal Steel and satisfaction of other customary closing conditions.
 The transaction is expected to be completed by the end of the first quarter of
2005.

About International Steel Group

International Steel Group Inc. is one of the largest integrated steel producers
in North America and among the top ten globally. It produces a variety of steel
products including hot-rolled, cold-rolled and coated sheets, tin mill
products, carbon and alloy plates, wire rod and rail products and semi-finished
shapes to serve the automotive, construction, pipe and tube, appliance,
container and machinery sectors. For additional information on ISG, visit
http://www.intlsteel.com/ .

Safe Harbor Statement

This news release contains "forward-looking" statements concerning the
completion of the merger of ISG with Mittal Steel and the timing thereof. These
statements are based on our respective management's current expectations. There
are a number of risks and uncertainties that could cause actual results to
differ materially.  For more detailed information on the risks and
uncertainties associated with the transaction and Mittal Steel's and ISG's
business activities, see their respective reports filed with the SEC. The
companies undertake no obligation to publicly update their forward-looking
statements, whether as a result of new information, future events, or
otherwise.

Additional Information and Where to Find It

Ispat International has filed with the Securities and Exchange Commission a
registration statement on Form F-4 that includes a proxy statement of ISG and a
prospectus of Ispat International and other relevant documents in connection
with the proposed transaction.  When it becomes final, this proxy
statement/prospectus will be mailed to ISG shareholders.  In addition, Ispat
International will publish and make available to shareholders of Ispat
International, and file with Euronext Amsterdam N.V., a prospectus.  Investors
and security holders are urged to carefully read the prospectus regarding the
acquisition when it becomes available because it will contain important
information and to exclusively base their investment decision on this
prospectus once available.  Investors and security holders of Ispat
International and ISG are urged to read the proxy statement and prospectuses
and other relevant materials when they become available because they will
contain important information about Mittal Steel Company and ISG and the
proposed transaction.  Investors and security holders may obtain a free copy of
these materials (when they are available) and other documents filed with the
Securities and Exchange Commission at the SEC's website at http://www.sec.gov/
.  Ispat International and ISG and their respective executive officers and
directors may be deemed to be participants in the solicitation of proxies from
the ISG stockholders with respect to the proposed transaction. Information
regarding the interests of these officers and directors in the proposed
transaction will be included in the proxy statement and prospectuses.

All investment is subject to risk.  The value of securities offered may go down
as well as up. Past performance is no guarantee of future returns. Potential
investors are advised to seek expert financial advice before making any
investment decision.

This news release does not constitute an offer to sell or a solicitation of an
offer to buy any security and shall not constitute an offer, solicitation or
sale in any jurisdiction in which such offering would be unlawful. 

DATASOURCE: International Steel Group Inc.



CONTACT:  Investor Relations, Blaise Derrico, Manager, Investor

Relations, [phone], or Media, Charles T. Glazer, Manager,

Communications and Public Relations, [phone], both of International

Steel Group Inc.



Web site:  http://www.intlsteel.com/ 

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