Ispat Inland Inc. affiliate Ispat Inland ULC has received the requisite consents from holders of its Senior Secured Floating Rate Notes due 2010 and its 9.75% Senior Secured Notes due 2014 to the amendments to the indenture under which the securities were issued.

In connection with the consent solicitation, Ispat Inland will promptly execute the supplemental indenture providing for the proposed amendments under which the securities were issued. The company also intends to pay consenting holders the consent fee promptly.

UBS Securities LLC acted as the Solicitation Agent for the consent solicitation. Global Bondholder Services Corp. was the Information Agent and Tabulation Agent for the consent solicitation.

Ispat Inland Inc. is a subsidiary of Mittal Steel Co. NV, the world's most global steel company. Formed from the combination of Ispat International NV and LNM Holdings NV, Mittal Steel has steelmaking operations in 14 countries, on four continents. For the twelve months that ended Dec. 31, 2004, Mittal Steel had revenues of approximately $22 billion and steel shipments of 42 million tons. Mittal Steel encompasses all aspects of modern steelmaking to produce a comprehensive portfolio of both flat and long steel products for all the major steel-consuming sectors, including automotive, appliance, machinery and construction.