Arcelor will not make any announcement

regarding strategic transactions unless and until there are material





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developments warranting an announcement to the markets. NCLB includes a series of compromises and
accepts a number of constraints that will prevent it from really
working.
Within Our Reach presents a compelling -- and urgent -- case for
revising NCLB and protecting its ambitious goals for America's
children.

The contributors are among the nation's most respected
education scholars.
Nemertes conducts primary research into technology assessment,
selection, deployment and operation by regularly questioning a network
of more than 3,000 IT executives about their IT budgeting, spending
priorities and purchasing decisions. For more information, visit
research@nemertes.

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About JMP Securities

JMP Securities LLC is a full-service investment bank providing
equity research, institutional brokerage and investment banking
services to public and private growth companies and their investors.

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Hoover Institution: Koret Task Force Releases New Book: Within Our Reach: How America Can Educate Every Child

----The No Child
Left Behind (NCLB) Act is bolder than all previous federal education
laws , setting ambitious goals for universal student achievement and
authorizing severe remedies for schools not reaching them.

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arcelor. Nemertes develops quantitative
benchmarks of technology value and cost -effectiveness, yielding
proprietary data on the economic, strategic and operational effects of
emerging information technologies.

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Arcelor and its subsidiaries regularly consider various strategic

alternatives , including potential acquisitions, for further growth and

development throughout the world.
Hoxby; Lance T.

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The research, assessment, and recommendations are the work of
the nationally recognized and highly respected Koret Task
Force on K-12 Education. Hanushek; Harvard economist Caroline M.

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Information

Luxembourg, February 8, 2006 - It is the long standing policy of Arcelor not to

comment on speculation or rumors relating to strategic transactions involving

the company.
Headquartered in San Francisco, JMP Securities serves five industries
that exhibit above-average long-term growth characteristics:
Technology, Healthcare, Consumer, Financial Services and Business
Services.

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relations@arcelor.
However, JMP has no editorial control over Nemertes ' content.

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The above has been and remains the policy of the Group notwithstanding the

increased market speculation following the unsolicited and hostile interest in

the company expressed by Mittal Steel.
Within Our Reach is published in association with the Hoover
Institution.

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com, or contact us directly. In their new book, Within Our Reach: How America Can Educate
Every Child (Rowman + Littlefield, 2005), the members of the Hoover
Institution's Koret Task Force on K-12 Education undertake this
crucial repair work. Walberg,
University Scholar at the University of Illinois . By making Nemertes' unbiased,
fact-based insight available to institutional investors, JMP provides
clients additional context with which to make investment decisions.com or call Chris
Zimmerman at 888-241-2685.

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Corporate Communications

+352 4792 5000

press@arcelor. The book presents a midterm assessment of NCLB
that closely examines its core elements and offers recommendations for
practical reforms to save the law and strengthen some of its key
principles -- high standards , results-based accountability, parental
options, and research-based practices. Chubb is also a nonresident senior
fellow at the Brookings Institution.

Within Our Reach: How America Can Educate Every Child
Edited by John Chubb
ISBN: 0-7425-4887-2 $60.
Nemertes' four principals -- Johna Till Johnson, Robin Gareiss,
Melanie Turek and Andreas M.

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00
200 pages March 2005

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Education Writers/Book Review Writers/Government Writers

STANFORD , Calif. By accompanying our
own research with an additional source of informed views on the
technology marketplace, JMP is offering its clients another way to
identify stocks that may be poised for significant growth due to
factors not widely recognized or fully understood by many investors.

About Nemertes Research

Nemertes Research specializes in quantifying the business impact
of emerging information technologies.

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com

This information is provided by CompanynewsGroup


Today, however, it seems the law's implementation will fall far
short of its potential.

Contributors include Hoover research fellow Williamson M. Evers;
Hoover senior fellow Eric A.
"JMP's arrangement with Nemertes is another way that JMP can
provide value to institutional customers," said Jim Wilson, JMP
Securities' co-director of research. "JMP has built an institutional
client base by anticipating sector-specific trends and producing
actionable investment ideas for equity investors.jmpsecurities .

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Peterson; New York University professor Diane
Ravitch, author of the Language Police; and Herbert J.

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In a nation
where most youngsters are far from proficient in reading and
mathematics and where innumerable efforts to boost learning levels
have fallen short, NCLB makes a huge policy wager: that failing
schools and school districts can be set right and that all children
can master reading and math. He is the coauthor of A Lesson in
School Reform from Great Britain and the author of Politics , Markets,
and America's Schools. As a result, Nemertes is able to
assess emerging technologies of present and future interest to
executives that have the potential to change the way enterprises do
business. Antonopoulos -- each have between 15 and
20 years of experience in operational, engineering and analytical
roles in the technology industry and bring their expertise to their
analysis of technology integration, networking and communications
equipment, infrastructure and enterprise applications , servers,
systems and security.

disillusioned credited

For information on the unanimous

rejection by Arcelor's board of Mittal Steel's proposed unsolicited and hostile

offer, please visit our website at www.

In their latest work, the members of the Koret Task Force
again demonstrate the unmatched wealth of experience and
expertise they bring to meeting current challenges in public
education.

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com

Investor relations

E-mail:

investor."
Per the terms of the agreement, JMP is the sole financial
institution with distribution rights to Nemertes' published research.
Moreover, Nemertes has no financial stake in any of the companies that
it analyzes and conducts no investment activities of its own, further
safeguarding the objectivity of its research .

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Moe; Harvard
professor Paul E.

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Izumi, director of Education Studies for the Pacific
Research Institute; Hoover senior fellow Terry M. For more information, visit www.

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PRESS RELEASE ARCELOR : information



Business Editors

SAN FRANCISCO----

Nemertes' Assessment of Marketplace and Technology Trends
to Complement JMP's Equity Research Product

JMP Securities LLC, a research-driven, full-service investment
bank serving growth companies and their investors , announced today
that it has reached an exclusive agreement to distribute the
technology focused market analysis and commentary produced by
independent research firm Nemertes Research.
Nemertes Research specializes in analyzing and quantifying the
business impact of technology.

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companynewsgroup .
The editor, John Chubb, is a distinguished visiting fellow at the
Hoover Institution.

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com

Martine Hue: 352 4792 2151

00 800 4792 4792 (toll-free, from the EU and Switzerland)

33 1 41 25 9898

The full press release is available on http://www.

Within Our Reach delivers timely and insightful "real world"
recommendations for attaining the goals set forth in that
landmark statute.

JMP Securities Announces Exclusive Distribution Agreement with Nemertes Research

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He is the chief education officer and one of the
founders of Edison Schools, a private manager of public schools,
including many charter schools.

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com


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