Mittal Steel Company and International Steel Group Inc. have
announced that the registration statement on Form F-4 filed by Mittal Steel with the
Securities and Exchange Commission in connection with the proposed merger involving
ISG and Mittal Steel has been declared effective as of March 11, 2005. The definitive
proxy statement/prospectus contained in the registration statement, together with a
form of proxy, will be first mailed to ISG stockholders on or about Monday, March 14,
2005. A form of election will be mailed under separate cover to ISG stockholders, to
be used to elect cash, Mittal Steel class A common shares or a combination of both in
respect of their ISG shares, as provided in the merger agreement. The form of
election will also be posted on ISG’s website at www.intlsteel.com.
ISG and Mittal Steel will each hold special meetings of their shareholders on April 12,
2005, to vote on the proposed merger. ISG stockholders of record at the close of
business on March 14, 2005 will be entitled to vote on the proposal. The special
meeting of ISG stockholders will be held at 10:00 a.m. (New York City time), on
Tuesday, April 12, 2005, at the InterContinental The Barclay New York, 111 East 48th
Street, New York, New York. The special meeting of Mittal Steel shareholders will be
held at 3:00 p.m. (Rotterdam time), on Tuesday, April 12, 2005, at the Hilton Hotel,
Weena 10, 3012 CM Rotterdam, The Netherlands.
The merger is subject to approval by the shareholders of both ISG and Mittal Steel and
the satisfaction of other customary closing conditions.