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BCIU to Honor Lakshmi Mittal, Chairman and CEO of Mittal Steel Company with the 2007 Dwight D. Eisenhower Global Leadership Award.

NEW YORK -- The Business Council for International Understanding (BCIU), a non-profit U.S. business association dedicated to forging relationships and promoting dialogue between business and government communities across the globe, today announced that it will honor Mr. Lakshmi Mittal, Chairman and CEO of Mittal Steel Company, with the Dwight D. Eisenhower Global Leadership Award in 2007.

Since its inception in 2003, the Dwight D. Eisenhower Global Leadership Award has been given to business executives who exemplify the definition of an international business leader by exhibiting outstanding contributions to global commerce.

Over the past two decades, Mr. Mittal has been at the forefront of the consolidation of the global steel industry.. As CEO of the world's largest steel company, Mr. Mittal has built a truly international leader with 175,000 employees in locations across 14 countries and four continents. The company's global operational presence has taken on even greater significance through various community investment and philanthropic initiatives such as Mittal Steel USA's response in the aftermath of Hurricane Katrina in the U.S. and its extensive financial commitment to Tsunami relief efforts.

"Mr. Lakshmi Mittal has transformed the fragmented steel industry, turning it once again into a global force for good in communities worldwide," said Peter Tichansky, President and CEO of BCIU. "His sound business practices and resounding commitment to the communities in which Mittal Steel operates necessitates recognition. The Mittal Steel portfolio defines today's multinational corporation, ranging from a New York Stock Exchange listing to a Rotterdam headquarters to operations spanning the globe: China, Romania, South Africa, Poland, the United States, Kazakhstan."

Past Dwight D. Eisenhower Global Leadership Award honorees include Lee Raymond, Chairman and CEO of Exxon Mobil Corporation (inaugural, 2003); Raymond Gilmartin, Chairman, President and CEO of Merck & Co. Inc. (2004); John Browne, Group Chief Executive of BP p.l.c. (2005) and Jeffrey R. Immelt, Chairman and CEO, General Electric (2006).

"BCIU is pleased to award Mr. Mittal with the Dwight D. Eisenhower Global Leadership Award," said Ambassador Frank Wisner, Vice Chairman of BCIU. "In addition to Mr. Mittal's international business leadership in the steel industry, we would like to highlight his generosity and leadership in the arena of corporate philanthropy. Mittal Steel USA's innovative response to Hurricane Katrina, for example, illustrates his belief that corporate leaders have a powerful role to play in disaster relief and in addressing global societal needs."

"Receiving the Dwight D. Eisenhower Global Leadership Award is an honor that I accept on behalf of the individuals representing 45 nationalities who represent the fabric of Mittal Steel Company," said Mr. Mittal, Chairman and CEO of Mittal Steel Company. "Mittal Steel is committed to playing a major role in the countries where we have operational presence because we believe that we have a responsibility to contribute to the well-being of our employees, families and societies. We remain dedicated to expanding our international presence not only as a leader in the steel industry but also as a truly multinational company committed to making substantial contributions through community support initiatives."

The award will be presented at BCIU's Annual Opera Gala at the Metropolitan Opera House at Lincoln Center in New York City, tentatively scheduled for Fall 2007.

"We look forward to receiving BCIU honoree, Lakshmi Mittal for a special night of ceremony, music and culture in acknowledgment of Mr. Mittal's philanthropy and corporate leadership," said Mr. Joseph Volpe, General Manager of the Metropolitan Opera.

"Through this award, BCIU each year honors a true global business visionary. Mr. Lakshmi Mittal is, indeed, deserving of this recognition - - not just for past accomplishments but also for what we are sure will be great contributions yet to come," said Dr. Henry A. Kissinger, presenter of the 2005 Award to BP's John Browne.

About BCIU

Fifty years ago, BCIU was formed at the White House Industrial Cooperation Council Conference on November 10, 1955, under the leadership of President Dwight D. Eisenhower, as a "people-to-people" initiative. BCIU encourages international understanding by bringing together senior government officials and business leaders on issues of common concern by facilitating public-private partnerships in the global marketplace, and by assisting with problem-solving in turbulent situations and markets. BCIU also conducts commercial diplomacy training courses for U.S. Foreign Service, U.S. Commercial Service, and other U.S. Government trade promotion personnel. BCIU utilizes a mix of business executives and experienced trade promotion officials as faculty instructors for these courses.

About Mr. Lakshmi Mittal, CEO Mittal Steel Company

Mr. Lakshmi N. Mittal is the Chairman and CEO of Mittal Steel Company. He founded the company in 1976 and has been responsible for the strategic direction and development of its businesses. Mittal Steel is the only truly global steel producer in the world with operations on 16 countries, spanning 4 continents. Mr. Mittal's 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. Mr. Mittal 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. Other related activities of Mittal Steel include shipping, power generation and distribution, and mining.

Mr. Mittal was awarded Fortune magazines European Businessman of the Year 2004. Previously, he was awarded Steelmaker of the Year in 1996 by New Steel in the USA, 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.

Mr. Mittal is an active philanthropist and a member of various trusts. Mittal Steel 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 Forums International Business Council and the International Iron and Steel Institutes Executive Committee.

He is a Director of ICICI Bank Limited and is on the Advisory Board of the Kellogg School of Management in the U.S. He was born in Sadulpur in Rajasthan, India on June 15, 1950, and graduated from St. Xavier's College in Calcutta where he received a Bachelor of Commerce degree. He is married to Usha Mittal, and has a son, Aditya Mittal and a daughter, Vanisha Mittal.
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Publication:Business Wire
Date:Feb 28, 2006
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