ArcelorMittal Accepts PEAMCoal Offer

ArcelorMittal (NYSE: MT) today provided notice to Peabody Energy (NYSE: BTU) that, in accordance with the Co-Operation and Contribution Agreement between the two companies, following its acceptance of PEAMCoal Pty Ltd's offer for Macarthur Coal Ltd yesterday, it has terminated the Co-Operation and Contribution Agreement as provided for therein.

ArcelorMittal will remain a shareholder in PEAMCoal until the termination arrangements are completed which is expected to be in approximately 90 days' time.