Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 279

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 279
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 least one member must qualify as an "audit committee financial expert” as defined by the SEC and determined by the Board. At least one member must qualify as an Audit & Risk Committee “risk management expert” having experience in identifying, assessing, and managing risk exposures of large, complex companies. The Audit & Risk Committee currently consists of 4 members: Mrs. Karyn Ovelmen, Mrs. Patricia Barbizet, Mr. Karel de Gucht and Mr. Etienne Schneider, each of whom is an independent Director according to the NYSE standards and the 10 Principles of Corporate Governance of the Luxembourg Stock Exchange. The Chairwoman of the Audit & Risk Committee is Mrs. Patricia Barbizet who is an “audit committee financial expert” as defined by the SEC. Please see “—–Directors and senior management —–Board of Directors” above for Mrs. Barbizet's experience. According to its charter, the Audit & Risk Committee is required to meet at least four times a year. The Audit & Risk Committee performs an annual self-evaluation and completed its 2024 self- evaluation on February 5 , 2025 . The charter of the Audit & Risk Committee is available from ArcelorMittal upon request. Appointments, Remuneration and Corporate Governance Committee

| 3 members(100%independent) | 7 meetings(2024) |

In 2024, 7 meetings of the ARCG Committee were held, with an attendance rate of 100%. The ARCG Committee is comprised of three directors, each of whom is independent under the New York Stock Exchange standards as applicable to foreign private issuers and the 10 Principles of Corporate Governance of the Luxembourg Stock Exchange. The members are appointed by the Board of Directors each year after the annual general meeting of shareholders. The ARCG Committee makes decisions by a simple majority with no member having a casting vote. The primary function of the ARCG Committee is to assist the Board of Directors of ArcelorMittal by: • reviewing and approving corporate and personal goals and objectives relevant to the compensation of members of the Executive Office, executive officers and senior management and evaluating their performance considering these goals and objectives; • making recommendations to the Board of Directors on the Company`s framework of remuneration for the members of the Executive Office and executive officers and such other senior executives as the ARCG Committee may determine; • approving any contract of employment or related contract with members of the Executive Office and executive officers; • determining the terms of any compensation package in