Lakshmi N. Mittal, President and CEO of Arcelor Mittal, to Keynote Wharton School MBA Commencement
Dean Patrick Harker to Speak at West Coast MBA Graduation in San Francisco

Philadelphia, PA and San Francisco, CA, March 21, 2007 -- The Wharton School of the University of Pennsylvania has announced that Lakshmi N. Mittal, president and CEO of Arcelor Mittal, will be the featured speaker at the School’s MBA commencement in Philadelphia. The May 13 ceremony will occur at 1:00 p.m. at Franklin Field, located at Spruce and 33rd Streets on the campus of the University of Pennsylvania.

“We are very pleased to have Mr. Mittal as our commencement speaker,” said Wharton Dean Patrick Harker. “He is an exceptional example of a global leader and demonstrates the roles we hope our students will assume in their careers and private lives.”

On May 6, Wharton will hold its fifth West Coast MBA commencement ceremony at Wharton West in San Francisco. Wharton established a campus on the West Coast due to the strong belief that West Coast business executives would be well served by the option to pursue a robust, full-curriculum Wharton MBA without the need to cross coasts. Since the founding of this West Coast program, the School has graduated approximately 375 students.

This year’s West Coast commencement speaker will be Dean Patrick Harker. This will be Dean Harker’s final commencement at Wharton West, a program which he created with alumni as the first extension of Wharton’s degree-granting programs beyond the School’s Philadelphia home campus. The Wharton West commencement will occur at 10:00 a.m. at the San Francisco War Memorial and Performing Arts Center’s Herbst Theater with a reception following at San Francisco’s City Hall.

About Arcelor Mittal
Arcelor Mittal is the world's number one steel company, with 330,000 employees in more than 60 countries. The company brings together the world's number one and number two steel companies, Arcelor and Mittal Steel. Arcelor Mittal is the leader in all major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in 27 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets. Arcelor Mittal key pro forma financials for the first nine months of 2006 show combined revenues of $65.4 billion (USD), with approximate production capacity of 130 million tons a year, representing around 10 percent of world steel output. Arcelor Mittal is currently listed under the legal entity Mittal Steel NV on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid (MTS) and Valencia.

About Mr. Mittal
Mr. Mittal founded the Mittal Steel Company (formerly the LNM Group) in 1976. His ability to guide the company in its identification, acquisition and turnaround of steel assets has led to its emergence as one of the world’s fastest growing steel producers. He began his career working in the family’s steelmaking business in India, and has over 30 years of experience working in steel and related industries. Over the years, Mr. Mittal has also championed the development of integrated mini-mills and the use of Direct Reduced Iron or “DRI” as a scrap substitute for steelmaking and led the consolidation process of the global steel industry.

Mr. Mittal has an interesting connection to Joseph Wharton, who founded the Wharton School in 1881, creating the first collegiate business school in the world. In the 1860s, Joseph Wharton was instrumental in the early leadership of a company called Bethlehem Iron Works, which was once the second largest steel producer in the U.S. That company -- later known as Bethlehem Steel -- was sold to the International Steel Group, which then merged with Mittal Steel.

Following the transaction combining Ispat International and LNM Holdings to form Mittal Steel in December 2004, together with the simultaneous announcement of the acquisition of International Steel Group in the U.S. to form the world’s largest steel producer, Mr. Mittal was awarded Fortune magazine’s “European Businessman of the Year 2004.” Previously, he was awarded “Steelmaker of the Year” in 1996 by New Steel in the U.S., and the “Willy Korf Steel Vision Award” in June 1998, for outstanding vision, entrepreneurship, leadership and success in global steel development from American Metal Market and PaineWeber’s World Steel Dynamics. Following the creation of Arcelor Mittal, he was awarded “Business Person of 2006” by the Sunday Times’, “International Newsmaker of the Year 2006” by Time magazine, and “Person of the Year 2006” by the Financial Times for his outstanding business achievements. In January 2007, Mr. Mittal was presented with a Fellowship from King’s College London, that school’s highest award. Mr. Mittal is an active philanthropist and a member of various trusts. His company is a significant contributor to local community and welfare activities for employees in countries where the group operates. Mr. Mittal is a member of the Foreign Investment Council in Kazakhstan, the International Investment Council in South Africa, the World Economic Forum’s International Business Council, and the International Iron and Steel Institute’s Executive Committee. He is a director of ICICI Bank Limited and sits on the Advisory Board of the Kellogg School of Management and on the International Advisory Board of Citigroup. He was born in Sadulpur in Rajasthan, India and graduated from St. Xavier’s College in Calcutta where he received a Bachelors of Commerce degree. He is married to Usha Mittal, and has a son, Aditya Mittal, who is a 1996 undergraduate alumnus of the Wharton School, and a daughter, Vanisha Mittal.

Mr. Mittal has many connections to the Wharton School. He is a former member of the Wharton Board of Overseers and many members of his family are alumni of the School, including Aditya Mittal, his daughter-in-law Megha Patodia Mittal, his niece Natasha Mittal (who will receive her MBA from Wharton at this year’s commencement), and his nephew Atulya (who will receive his undergraduate degree from Wharton this year). Aditya Mittal is a current member of the Wharton Executive Board for Europe, Africa and the Middle East.

About Dean Harker
During his tenure as dean, Harker created Wharton West, the school’s San Francisco-based campus, and forged an alliance with INSEAD, the leading non-U.S. based business school. He also oversaw the launching of two innovative and successful initiatives--Knowledge@Wharton and Wharton School Publishing. A gifted and indefatigable fundraiser, he led Wharton to complete the largest fundraising campaign in its history. The Campaign for Sustained Leadership, which raised over $450 million, was the largest fundraising campaign at any business school in the world.

His vision as dean was to secure Wharton’s place as the dominant producer of business knowledge and education in the world. While strengthening Wharton’s focus on academic excellence and faculty scholarship, Harker also drew many eminent faculty to the Wharton School. His commitment to the international mission of Wharton was manifest in his efforts to connect with Wharton alumni around the world and to share Wharton’s ideas with business leaders.

Harker has deep roots at the University of Pennsylvania with all of his degrees from the School. He earned both his B.S.E. and his M.S.E. in civil and urban engineering in 1981, then received an M.A. in economics and a Ph.D. in civil engineering, in 1983. He has been on the Wharton faculty since 1984, and in 2000, the year he became dean, he was also named Reliance Professor of Management and Private Enterprise. Harker had previously served as interim and deputy dean of the Wharton School. A senior fellow at the Wharton Financial Institutions Center, he also has a secondary appointment in Wharton’s Management, Department and at Penn’s School of Engineering and Applied Science in electrical and systems engineering. Harker is a leading scholar in the areas of service and technology management and operations research, with several books and scores of professional articles to his name. He was a National Science Foundation Presidential Young Investigator from 1986-1991 and a White House Fellow from 1991-1992.

On July 1, 2007, he will assume his new position as president of the University of Delaware where he will oversee more than 3,900 full and part-time employees and about 21,000 students, along with an endowment of more than $1 billion and budget approaching $700 million.

About Wharton West and the Wharton School
The MBA Program for Executives was one of the first programs launched at Wharton West, the School’s campus in San Francisco. It offers the same MBA degree, rigorous curriculum, top Wharton faculty and high level of students as the traditional MBA program on Wharton’s main campus in Philadelphia. A residential program, students attend classes on alternate weekends and during two week-long sessions in the summer. Because Wharton students live and work together during focused on-site sessions, students have an opportunity to forge close connections with classmates as well as to foster teamwork skills. In addition, the integration of work and study provides a living laboratory for applying knowledge.

The Wharton School of the University of Pennsylvania — founded in 1881 as the first collegiate business school — is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. The most comprehensive source of business knowledge in the world, Wharton bridges research and practice through its broad engagement with the global business community. The school has more than 4,600 undergraduate, MBA, executive MBA, and doctoral students; more than 8,000 annual participants in executive education programs; and an alumni network of more than 81,000 graduates.