Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 498

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 498
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 |     | 15.00%                                                                          |     | 15.00%                                                                          |     |                                                                                      -18 |     |                                        -156 |     |                                                                                      -11 |     |                                        -169 |     |                                                                                        — |
| ArcelorMittal Texas HBI4                         |     | USA                                  |     | 20.00%                                                                          |     | 20.00%                                                                          |     |                                                                                      -17 |     |                                         199 |     |                                                                                       -8 |     |                                         216 |     |                                                                                       -9 |
| Other                                            |     |                                      |     |                                                                                 |     |                                                                                 |     |                                                                                        5 |     |                                         148 |     |                                                                                       -7 |     |                                         172 |     |                                                                                        9 |
| Total                                            |     |                                      |     |                                                                                 |     |                                                                                 |     |                                                                                       41 |     |                                       2,063 |     |                                                                                      103 |     |                                       2,107 |     |                                                                                      236 |

1. Sonasid - ArcelorMittal holds a controlling stake of 50% in Nouvelles Sidérurgies Industrielles ("NSI"). ArcelorMittal controls NSI on the basis of a shareholders’ agreement

which includes deadlock arrangements in favor of the Company. NSI holds a 64.86% stake in Sonasid. The total non-controlling interests in Sonasid of 67.57% are the

result of ArcelorMittal’s indirect ownership percentage in Sonasid of 32.43% through its controlling stake in NSI.

2. Hera Ermac - The non-controlling interests correspond to the equity component net of transaction fees of the mandatory convertible bonds maturing on January 30, 2026

(see note 11.2).

307

| Consolidated financial statements                          |
| (millions of U.S. dollar, except share and per share data) |

3. AML is incorporated in Cyprus. On December 17, 2024, December 21, 2023 and December 20, 2022, ArcelorMittal fully settled 200 , 100 and 300 capital increases, respectively, in ArcelorMittal Liberia Ltd including 30 , 15 and 45 , respectively, on behalf of non-controlling interests. 4. On June 30, 2022, ArcelorMittal acquired a 80% controlling