Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 480

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 480
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 348 ,

respectively.

Other commitments given also comprise commitments incurred

for gas supply to electricity suppliers.

Commitments to sell

In addition to the commitments presented above, the Company

has firm commitments to sell for which it also has firm

commitments to purchase included in purchase commitments

for 2,897 and 131 as of December 31, 2024 and 2023,

respectively, and mainly related to natural gas and electricity.

Commitments to sell included 2,787 as of December 31, 2024

relating to the 25 -year offtake agreement entered into in 2024

between the Company and AMNS India for the supply of

renewable electricity from wind and solar power generation at

the Company's facility in Andhra Pradesh (India).

Other

On February 28, 2024, the State of the Grand-Duchy of

Luxembourg exercised the right (following an agreement signed

between ArcelorMittal, the Fonds d'Urbanisation et

d'Aménagement du Plateau de Kirchberg and the State of the

Grand-Duchy of Luxembourg on December 20, 2022) to acquire

50% of ArcelorMittal's future new headquarters and related

right-of-use of land in the Kirchberg district of the city of

Luxembourg. The acquisition price is based on construction

cost. On July 31, 2024, ArcelorMittal and the State of the Grand-

Duchy of Luxembourg signed a sale compromise pursuant to

which this acquisition will be completed at the end of the

construction time.

As of December 31, 2024, the Company holds PPAs for renewable electricity as summarized below:

| Segment | Number of contracts | start-end dates | Average remaining contractduration (in years) | Committed amount |
| Brazil* |                  12 | 2016-2053       |                                          8.67 |            1,309 |
| Europe  |                   3 | 2019-2032       |                                          6.00 |               67 |

*At December 31, 2024, the Company has not yet recognized a commitment with respect to the PPA signed between ArcelorMittal Brasil and VdSA. The Company may have

a potential commitment of approximately 1.5 billion upon commissioning of the VdSA power plant, which is currently under construction. The PPA is established for