The amount of tax payments by ArcelorMittal Kryvyi Rih for 5 months is equal to the annual budget of the Odessa region

Kryvyi Rih, June 9, 2021 In January-May 2021, ArcelorMittal Kryvyi Rih transferred to budgets of all levels almost 4 800 000 000 UAH taxes and fees – almost 2 times more compared to the same period of the past of the year. This amount can be compared with the annual budget of the entire Ukrainian region, for example, Odessa. Of the total amount of taxes and fees, more than 2300000000 UAH received by the state budget, 716 million UAH – to local budgets. In addition, the company transferred almost UAH 454 million of a single social contribution and UAH 1.3 billion in value added tax on the import of raw materials. This year, the situation on the world markets for metal products and iron ore has stabilized, and the improvement in demand and the Yunkturi pricing competition made it possible to double tax deductions compared to January-May 2020. The main increase in payments for 5 months of 2021 is provided by the profit tax (1.8 billion UAH) and rent for the extraction of iron ore (UAH 216 million). Payments of ArcelorMittal Kryvyi Rih to local budgets also increased. Here the main driver of growth was the land tax – an increase in 5 months is UAH 282 million. Sergey Plichko, Chief Financial Officer ArcelorMittal Kryvyi Rih: – We expect that the positive trend in tax payments will continue until the end of the year. Of course, this largely depends on the situation in foreign markets. The market for iron ore and rolled metal products is cyclical. The periods of growth and decline are constantly alternating. That is why support from the state is important for manufacturing companies – a balanced taxation policy for the mining and metallurgical industry and. Reference: Over the 15 years of ArcelorMittal’s operation in Ukraine, the enterprise has paid the state more than UAH 75 billion in taxes and fees: to the state budget – UAH 24 billion, to the local budget – more than UAH 10 billion, VAT on imports – UAH 29 billion and a single social contribution – 12 billion UAH At the same time, the environmental tax for this period amounted to more than UAH 2 billion.

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