Mittal Steel ISG USA Inc. announced the repurchase of $100 million aggregate principal amount of its 6.50% Notes due April 15, 2014, pursuant to a single negotiated purchase transaction.

The bonds were acquired at a purchase price of 99.625% of their aggregate principal amount, plus accrued interest, and will be canceled by the company. The company financed the purchase of the notes with cash on hand.

Mittal Steel Co. is the world's largest and most global steel company. The company has operations in 14 countries, on four continents. Mittal Steel encompasses all aspects of modern steelmaking, to produce a comprehensive portfolio of both flat and long steel products to meet a wide range of customer needs. It serves all the major steel-consuming sectors, including automotive, appliance, machinery and construction. For 2004, Mittal Steel had revenues of US$22.2 billion and steel shipments of 42.1 million tons.