Ispat Inland Seeks Consents From Note Holders EAST CHICAGO, Ind., Feb. 18 /PRNewswire-FirstCall/ -- Ispat Inland Inc. today announced that its affiliate, Ispat Inland ULC (the "Company"), is soliciting consents from holders of its outstanding Senior Secured Floating Rate Notes due 2010 and 9.75% Senior Secured Notes due 2014 (together, the "Notes") for amendments to the indenture governing the Notes. Approval of the amendments requires the consent of a majority of the principal amount of the Notes voting together as a single class. If the requisite consents are received from holders of the Notes as of February 17, 2005, the record date for the consent solicitation, the Company will make a consent payment to consenting holders of $1.25 per $1,000 principal amount of Notes for which a valid consent has been received and not revoked. The consent solicitation will expire at 5:00 p.m., New York time, on March 3, 2005 unless extended by the Company. The detailed terms and conditions of the consent solicitation are contained in a consent solicitation statement dated February 18, 2005 which will be distributed to record date holders of the Notes. Holders can obtain additional copies of the consent solicitation statement and related material from the Information Agent and Tabulation Agent for the consent solicitation, Global Bondholder Services Corporation (212) 430-3774 (call collect) or (866) 470-4300 (toll free). UBS Securities LLC ("UBS") is acting as the Solicitation Agent. Holders with questions about the consent solicitation can contact the UBS Liability Management Group at (203) 719-4210 (call collect) or (888) 722-9555 x4210 (toll-free). This announcement is not a solicitation of consents nor shall it be deemed a solicitation of consents with respect to any securities. The consent solicitation will be made solely by the consent solicitation statement dated February 18, 2005. About Ispat Inland Inc. Ispat Inland Inc. is a subsidiary of Mittal Steel Company N.V. (NYSE:MT)(AEX:MT), the world's most global steel company. Formed from the combination of Ispat International N.V. and LNM Holdings N.V., Mittal Steel has steel-making operations in fourteen countries, on four continents. For the twelve months ended December 31, 2004, Mittal Steel had revenues of approximately US$22 billion and steel shipments of 42 million tons. 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 the automotive, appliance, machinery and construction sectors. DATASOURCE: Ispat Inland Inc. CONTACT: Thomas A. McCue, Treasurer, +1-219-399-5166, or David C. Allen, Corporate Communications, +1-312-899-3692, both of Ispat Inland Inc.

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