OREANDA-NEWS. April 16, 2012. ArcelorMittal Kryvyi Rih held annual stockholders meeting, considered Executive body report 2011, Supervisory board report 2011, report and conclusions of Revision commission on financial reporting in 2011, approved Annual report, made decision on allocation of profits and losses and elected Supervisory board members, reported the press-centre of ArcelorMittal.

Performance of ArcelorMittal Kryvyi Rih in 2011:

Net operating income amounted to 28.9 billion UAH or by 23% more than in 2010;

Total profit amounted to 6.4 billion UAH or by 43% more than in 2010;

Net profit 2011 amounted to 2.1 billion UAH or by 934 million UAH more than in 2010.

General meeting considered financial and business results of ArcelorMittal Kryvyi Rih in 2011 as satisfactory. Allocation of profits and losses issue was considered and General meeting decided to use net profit from financial and business activity of ArcelorMittal Kryvyi Rih in 2011 for production development and allocation in reserve foundation.

General meeting elected members for undated Supervisory Board included Gonzalo Urquijo, GMB member of ArcelorMittal, Responsible for AACIS, Simon Evans, Group General Counsel and VP ArcelorMittal, Bill Scotting, EVP, Head of Strategy, ArcelorMittal Management Committee Member, Bhikam Agarval, EVP, Head of Finance, ArcelorMittal Management Committee Member, Gerhard Renz, Supervisory Board Chairman of ArcelorMittal Hamburg, Duisburg, Ruhrort, Frantisek Hovaniec, Professor of Technical University of Ostrava, Management and Metallurgy consultant, Oleh Rybachuk, Chairman of the board of the NGO “Suspilnist Foundation”, Chairman and co-founder of the NGO "Centre UA", Serhiy Piontkovsky, co-managing partner in Ukraine for "Baker & McKenzie", a leading international law firm, Anna Derevyanko, Executive Director of European Business Association.

About Annual Stockholders meeting:

General meeting of stockholders is supreme management body of ArcelorMittal Kryvyi Rih. General meeting of stockholders has a right to take decisions in all activities of the enterprise including issues controlled by Supervisory Board and CEO except cases established under legislation. This meeting is held annually not later than April 30.