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International Steel Group
Names Three to Board of Directors

March 11, 2004 — International Steel Group Inc. (ISG) announced that Rand V. Araskog, James C. Boland and Peter J. Powers have joined its Board of Directors.

"The addition of these three well-regarded individuals reflects our commitment to good corporate governance through the creation of an independent and effective Board of Directors. I look forward to working with them and I'm confident that their many years of experience will provide us excellent perspectives as we continue to grow our Company," said Rodney B. Mott, ISG's President and CEO.

Araskog, retired Chairman and CEO of ITT Corp., also served as Chairman of the National Security Telecommunications Advisory Committee from 1982 to 1984. He currently is a member of the boards of Hartford Financial Services Group, ITT Industries, ITT Educational Services and Rayonier, Inc.

Boland is Vice Chairman of Cavs/Gund Arena Co. and a 34-year veteran of the global professional services firm Ernst & Young, which he has served in numerous capacities, including Vice Chairman and Regional Managing Partner. He is a former member of the Leadership Cleveland Board of Trustees and a member of the boards of Invacare Corp., Sherwin-Williams Co., Goodyear Tire & Rubber Co. and Swagelok Co.

Powers founded Powers Global Strategies, LLC, a consulting firm. He is a former First Deputy Mayor of the City of New York and served as campaign manager and transition chair for Mayor Rudolph Giuliani. Prior to joining the Giuliani administration, he had a 25-year career as an attorney, certified public accountant and consultant. He is a member of the boards of Fox Entertainment Group and NDS Group, Plc.

International Steel Group Inc. is the second-largest integrated steel producer in North America, based on steelmaking capacity. The company has the capacity to cast more than 18 million tons of steel products annually. It ships a variety of steel products from 11 major steel producing and finishing facilities in six states, including hot-rolled, cold-rolled and coated sheets, tin mill products, carbon and alloy plates, rail products and semi-finished shapes serving the automotive, construction, pipe and tube, appliance, container and machinery markets.

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