Mittal Steel Company Announces Production Reduction for Q3 2005 ROTTERDAM, The Netherlands, June 29 /PRNewswire-FirstCall/ -- Mittal Steel Company N.V. (NYSE and Euronext Amsterdam: MT) today announces its plans to reduce its global production by one million tons in the third quarter of 2005. This follows similar reductions in the second quarter. The production cutbacks will be equally split between the Company's North American operations and those in Europe and the Rest of the World. Commenting, Mittal Steel Chairman and CEO, Mr. Lakshmi Mittal, said: "As a leading industry player we are intent on building a sustainable global steel industry that can offer value to all stakeholders throughout the business cycle. It is essential that we act in a responsible and mature manner, and respond accordingly to current market dynamics. The production cutbacks that we have announced today will help to reduce the inventory build up that we currently have and help to restore equilibrium to the global supply and demand equation." About Mittal Steel Mittal Steel Company is the world's largest and most global steel company. The company has operations in fourteen countries, on four continents. 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 automotive, appliance, machinery and construction. For 2004, Mittal Steel had revenues of US$22.2 billion and steel shipments of 42.1 million tons. The company trades on the New York Stock Exchange and the Euronext Amsterdam under the ticker symbol "MT". For further information, visit our website: http://www.mittalsteel.com/ DATASOURCE: Mittal Steel Company NV CONTACT: For more information, please contact: Julien Onillon, Investor Relations, T +44-(0)20-7543-1136 Nicola Davidson, Corporate Communications, T +44-(0)20-7543-1162 Paul Weigh, Corporate Communications, T +44-(0)20-7543-1172

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