ISG ING Groep NV

International Steel Group Names Araskog, Boland, and Powers to Board of Directors RICHFIELD, Ohio, March 11 /PRNewswire-FirstCall/ -- International Steel Group Inc. announced today that Rand V. Araskog, James C. Boland and Peter J. Powers have joined its Board of Directors. "The addition of these three well-regarded individuals reflects our commitment to good corporate governance through the creation of an independent and effective Board of Directors. I look forward to working with them and I'm confident that their many years of experience will provide us excellent perspectives as we continue to grow our Company," said Rodney B. Mott, ISG's President and Chief Executive Officer. Araskog, retired chairman and chief executive officer of ITT Corporation, also served as chairman of the National Security Telecommunications Advisory Committee from 1982 to 1984. He currently is a member of the boards of Hartford Financial Services Group, ITT Industries, ITT Educational Services and Rayonier, Inc. Boland is vice chairman of Cavs/Gund Arena Company and a 34-year veteran of the global professional services firm Ernst & Young, which he has served in numerous capacities, including vice chairman and regional managing partner. He is a former member of the Leadership Cleveland Board of Trustees and a member of the boards of Invacare Corporation, Sherwin-Williams Company, Goodyear Tire & Rubber Company and Swagelok Company. Powers founded Powers Global Strategies, LLC, a consulting firm. He is a former First Deputy Mayor of the City of New York and served as campaign manager and transition chair for Mayor Rudolph Giuliani. Prior to joining the Giuliani administration, he had a 25-year career as an attorney, certified public accountant and consultant. He is a member of the boards of Fox Entertainment Group and NDS Group, Plc. About International Steel Group Inc. International Steel Group Inc. is the second largest integrated steel producer in North America, based on steelmaking capacity. The Company has the capacity to cast more than 18 million tons of steel products annually. It ships a variety of steel products from 11 major steel producing and finishing facilities in six states, including hot-rolled, cold-rolled and coated sheets, tin mill products, carbon and alloy plates, rail products and semi-finished shapes serving the automotive, construction, pipe and tube, appliance, container and machinery markets. Forward-Looking Statements Statements in this release that are not historical facts, including statements accompanied by words such as "will," "believe," "expect," "estimate," or similar terms, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward- looking statements involve risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied in such statements. These statements contain time-sensitive information that reflects management's best analysis only as ofthe date of this release. ISG does not undertake any ongoing obligation, other than that imposed by law, to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Factors that may cause actual results and performance to differ materially from those in the forward-looking statements include, but are not limited to, negative overall economic conditions or conditions in the markets served; competition within the steel industry; changes in U.S. or foreign trade policy affecting steel imports or exports; changes in foreign currencies affecting the strength of the U.S. dollar; actions by domestic and foreign competitors; the inability to achieve the Company's anticipated growth objectives; changes in availability or cost of raw materials, energy or other supplies; labor issues affecting the Company's workforce or the steel industry generally; and the inability to implement the Company's operating culture and philosophy at acquired facilities. Further information concerning issues that could materially affect financial performance related to forward-looking statements can be found in ISG's Prospectus filed on December 12, 2003, and in the Company's subsequent periodic filings with the Securities and Exchange Commission. DATASOURCE: International Steel Group Inc. CONTACT: Brian Kurtz, Vice President, Finance & Treasurer of International Steel Group Inc., +1-330-659-9100

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