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ArcelorMittal announces the completion of its 85 million shares buyback program

1. ArcelorMittal completed 85 million shares buyback program by April 1, 2025. 2. The company generated $62.4 billion in revenue in 2024. 3. ArcelorMittal aims for sustainable steel production to reduce carbon emissions. 4. It operates in 60 countries and is a leading global steel producer. 5. Growth in renewable energy market supports ArcelorMittal's strategic vision.

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FAQ

Why Bullish?

The completion of a significant buyback program typically signals confidence, boosting shareholder value. This aligns with historical trends where buyback announcements led to stock price increases.

How important is it?

The buyback indicates strong capital management and potential future stock price stabilization, increasing investor confidence.

Why Short Term?

The immediate effect of a buyback on stock price tends to be short-lived, although increased confidence could lead to sustained interest.

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April 02, 2025 04:30 ET  | Source: ArcelorMittal S.A. 2 April 2025, 10:30 CET ArcelorMittal (the “Company”) today announces that it has completed the 85 million shares buyback program it announced on 5 May 2023 under the authorization given by the annual general meeting of shareholders of 2 May 2023 and continued under the 30 April 2024 annual general meeting of shareholders authorization. By market close on 1 April 2025, ArcelorMittal had repurchased 85 million shares. All details are available on the Company’s website at: https://corporate.arcelormittal.com/investors/equity-investors/share-buyback-program. ENDS About ArcelorMittal ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 15 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2024 generated revenues of $62.4 billion, produced 57.9 million metric tonnes of crude steel and 42.4 million tonnes of iron ore. Our purpose is to produce smarter steels for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for the renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS). http://corporate.arcelormittal.com/     Contact information ArcelorMittal Investor Relations       General +44 20 7543 1128 Retail +44 20 3214 2893 SRI +44 20 3214 2801 Bonds/CreditE-mail +33 171 921 026investor.relations@arcelormittal.com         Contact information ArcelorMittal Corporate Communications     Paul WeighTel:E-mail:     +44 20 3214 2419press@arcelormittal.com    

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