Cleveland-Cliffs Inc. announced the expiration of and final results for its previously announced offer to purchase for cash the ?Tender Offer? any and all of its outstanding 6.750% Senior Secured Notes due 2026 the ?Notes?. The Tender Offer expired at 5:00 p.m., New York City time, on March 13, 2024 .

On March 18, 2024, the Company purchased $639,737,000 in principal amount of the Notes that were validly tendered and not validly withdrawn prior to the Expiration Time. According to information received from Global Bondholder Services Corporation, the Information Agent and Depositary for the Tender Offer, the following table sets forth details regarding the total aggregate principal amount of the Notes validly tendered and not validly withdrawn as of the Expiration Time or tendered pursuant to the guaranteed delivery procedures and the principal amount of the Notes that will be accepted for purchase by the Company on March 18, 2024: Title of Security: 6.750% Senior Secured Notes due 2026, Principal Amount Outstanding: $828,927,000, Principal Amount Tendered: $639,737,000. Principal Amount to be Accepted on March 18, 2024: $639,737,000.