March 2, 2006 — Ispat Inland ULC, an affiliate of Mittal Steel USA Inc., has issued a notice of redemption for all $150,000,000 outstanding principal amount of its Senior Secured Floating Rate Notes due 2010 at a redemption price equal to 103% of the outstanding principal amount, plus accrued interest to, but excluding, April 1, 2006. The bonds will be redeemed on April 1, 2006.

A Notice of Redemption is being mailed by LaSalle Bank National Association, the trustee for the notes, to all registered holders of the notes.

Mittal Steel USA, North America's largest steelmaker, serves a broad U.S. manufacturing base. The company has operations in 12 U.S. states.

Mittal Steel Co. NV is the world's largest and most global steel company, with operations in 16 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.