Recent acquisitions (ArcelorMittal Pecém (Brazil) and ArcelorMittal Texas HBI) and completed strategic capex projects (Mexico hot strip mill) performing well relative to assumed normalized levels of profitability.A platform for investment and consistent capital returns:.Gross debt of $11.5bn and cash and cash equivalents of $6.3bn as of Ma(compared to $11.7bn and $9.4bn, respectively, as of December 31, 2022) $2.2bn at the end of December 2022) primarily due to M&A outflow (mainly the $2.2bn acquisition of ArcelorMittal Pecém formerly known as CSP 18), share buyback ($0.5bn) and seasonal investment in working capital ($0.8bn). Financial strength: The Company ended March 2023 with net debt of $5.2bn (vs.$0.3bn 7 in 4Q 2022) includes share of JV and associates net income of $0.3bn (vs. $0.30/sh in 4Q 2022, rolling twelve month ROE 5 of 14.2% 1Q 2023 book value per share 6 of $64/sh Enhanced share value: 1Q 2023 basic EPS of $1.28/sh vs.Operating performance improved: 1Q 2023 operating income of $1.2bn (vs.Moving to a ‘predict-and-prevent’ culture with a particular focus on proactively reporting – and responding to – instances with the specific potential for serious injuries or fatalities (proactive PSIFs) 2 LTIF 2 rate of 0.64x in 1Q 2023 Health and safety focus: Protecting the health and wellbeing of the employees remains an overarching priority of the Company.Luxembourg, ArcelorMittal (referred to as “ArcelorMittal” or the “Company”) (MT (New York, Amsterdam, Paris, Luxembourg), MTS (Madrid)), the world’s leading integrated steel and mining company, today announced results 1 for the three-month ended March 31, 2023.

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