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Ispat Inland Inc. and Ispat Inland ULC announced that Ispat Inland ULC has extended until 5:00 p.m. New York City time on September 15, 2004, unless further extended, the offer to exchange any and all of its unregistered $150,000,000 Senior Secured Floating Rate Notes due 2010 and $650,000,000 9 3/4% Senior Secured Notes due 2014 for its registered $150,000,000 Senior Secured Floating Rate Notes due 2010 and $650,000,000 9 3/4% Senior Secured Notes due 2014.

As of 5:00 p.m. New York City time on September 13, 2004, $147,000,000 of the $150 million aggregate principal amount of the unregistered Senior Secured Floating Rate Notes and $647,740,000 of the $650 million aggregate principal amount of the 9 3/4% unregistered Senior Secured Notes had been tendered for exchange in the Exchange Offer.

Ispat Inland Inc., East Chicago, Ind., a subsidiary of Ispat International NV, manufactures a broad range of semifinished and finished flat and bar steel products. Ispat International NV, one of the leading steel companies in the world, has steelmaking facilities in six countries and shipments of 15.2 million tons in 2003. In addition to Ispat Inland USA, Ispat International has major steelmaking facilities in Canada, Mexico, Trinidad, France and Germany.

Ispat International is a member of the LNM Group, the world's second-largest and most global steel group, which also operates in Algeria, Czech Republic, Indonesia, Kazakhstan, Poland, Romania and South Africa.

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