Mittal Steel Co. NV announced the management organization for Mittal Steel USA, upon completion of its proposed merger with International Steel Group.

Effective upon completion of the proposed merger with ISG, Lou Schorsch, currently President and CEO of Ispat Inland, will become CEO of Mittal Steel USA. Rodney Mott, currently CEO of ISG, has decided to leave the organization for personal reasons, effective upon completion of the proposed merger with ISG.

Commenting, Lakshmi N. Mittal, Chairman and CEO, Mittal Steel, said, "Upon completion of the proposed transaction, we will have a real opportunity to build a premier steel producer providing the highest quality products to our customers. We have been very impressed with the operational excellence at ISG and its management team is to be complimented on the excellent job it has done in this regard, as well as on the very strong relationship it has built with the unions. We want to maintain and continue this spirit in the combined business. All of this provides a good platform from which to build a positive future and I am very excited about the opportunities that lie ahead.

"Lou Schorsch is a very experienced leader and has done an outstanding job at Ispat Inland since his appointment as CEO in October 2003. I have every confidence that he will continue this excellent work as CEO of Mittal Steel USA. He has been leading the integration process of the two companies, which is already underway. Lou will be supported by a strong team that combines the complementary strengths of two successful, well-managed companies with the goals of achieving maximum synergies and increasing long-term value for Mittal Steel's stockholders.

"I would also like to take this opportunity to thank Rodney Mott for the excellent job he has done in leading ISG since its formation, and wish him every success in his future endeavors.

Upon completion of the merger, Mittal Steel USA will be headquartered in the Chicago-land area, with US operations divided into two regions. The eastern regional office will be located in Richfield, Ohio, and the western regional office will be located in Burns Harbor, Ind.

Mittal Steel's US Eastern Region will include ISG facilities in Cleveland and Warren, Ohio; Weirton, W.Va.; Lackawanna, N.Y.; Coatesville and Conshocken, Pa; and Sparrows Point, Md.

The Western Region will include ISG's facilities at Burns Harbor and Indiana Harbor, Ind.; Riverdale and Hennepin, Ill.; Columbus Coatings in Ohio; and Mittal Steel's Indiana Harbor, Ind.; I/N Tek and I/N Kote (Joint Venture companies with Nippon Steel Co.); and Minorca Mine.

Separately, Tom McCue has been appointed to manage Investor Relations in the US for Mittal Steel Co., reporting to Aditya Mittal, President and CFO of Mittal Steel.

Mittal Steel Co. is the world's most global steel company. Formed from the combination of Ispat International NV and LNM Holdings NV, the company has operations in fourteen countries, on four continents. Mittal Steel encompasses all aspects of modern steelmaking, serving most of the major steel consuming sectors, including automotive, appliance, machinery and construction.

Mittal Steel's strategy is to enhance long-term shareholder value both by continuously strengthening its position as a low-cost, high quality steel producer and by continuing to play an integral role in a globally diverse steel industry. For 2004, Mittal Steel had revenues of US$22.2 billion and steel shipments of 42.1 million tons.

International Steel Group Inc. is one of the largest steel producers in North America. It ships a variety of steel products from 13 major steel producing and finishing facilities in eight states, including hot-rolled, cold-rolled and coated sheets, tin mill products, carbon and alloy plates, rail products and semi-finished shapes to serve the automotive, construction, pipe and tube, appliance, container and machinery markets.