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Ispat Inland Inc. announced that it has called for redemption the $27,851,000 principal amount of its outstanding First Mortgage 7.9% Bonds, Series R, due January 15, 2007.

The Series R Bonds will be redeemed on October 5, 2005, at a redemption price equal to 100% of the principal amount thereof, plus accrued and unpaid interest to, but excluding, the redemption date.

Payment of the redemption price will be made at the offices of The Bank of New York, the Paying Agent for the Series R Bonds, upon surrender of the Series R Bonds.

Mittal Steel Co. NV is the world's largest and most global steel company. The company has operations in 14 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.

Mittal Steel USA, formed in April 2005, consists of Ispat Inland Inc. and Mittal Steel USA ISG Inc., formerly International Steel Group. It has operations in 12 states of the United States and in Trinidad and Tobago.

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