Baffinland has been acquired by 1843208 Ontario Inc., a corporation owned as to 70% by ArcelorMittal and as to 30% by Iron Ore Holdings, LP. Pursuant to a plan of arrangement, the Company has been taken private. 

Under the terms of the arrangement, former Baffinland security holders, other than dissenting shareholders, are to receive cash consideration of C$1.50 per common share; C$0.80 per common share purchase warrant issued pursuant to a warrant indenture dated 10 December 2009; and C$0.10 per common share purchase warrant issued pursuant to a warrant indenture dated 31 January 2007.

Baffinland security holders that have not yet received payment for common shares or warrants and hold your securities through your broker should receive payment for your securities directly into your brokerage account. Baffinland security holders that hold a physical share certificate, please complete the letter of transmittal posted below and send it with your share certificate based on the instructions in the document.  

• April 4, 2011 - Letter of Transmittal
  
  
• February 18, 2011 – Management Information Circular – Plan of Arrangement
  
  
• February 18, 2011 - ArcelorMittal, Nunavut and Baffinland Announce Expiry of Offer, Take-Up of Additional Baffinland Securities and Agreement to Proceed With Second Step Transaction
  
  
• January 27, 2011 - ArcelorMittal, Nunavut Iron and Baffinland Announce Changes to Baffinland Board of Directors
  
  
• January 25, 2011 - ArcelorMittal and Nunavut Waive Minimum Tender Condition, Take-up Common Shares and Warrants and Extend Time for Acceptance of their Joint Offer to 11:59 p.m. on February 4, 2011
  
  
• January 24, 2011 - Baffinland Board Reaffirms Its Recommendation That Securityholders Accept and Tender to the Joint Offer by ArcelorMittal and Nunavut Expiring TODAY, January 24, 2011, at 11:59 p.m. (Toronto Time)
  
  
• January 17, 2011 - Directors' Circular
  
  
• January 17, 2011 - Baffinland Recommends That Shareholders Accept the Joint Offer by ArcelorMittal and Nunavut Iron Ore
  
  
• January 3, 2011 - Directors' Circular
  
  
• January 3, 2011 - Baffinland Reaffirms its Recommendation That Shareholders Reject the Amended Offer by Nunavut Iron Ore Acquisition and Accept the Offer by ArcelorMittal
  
  
• December 31, 2010 - Directors' Circular
  
  
• December 31, 2010 – Baffinland Recommends Acceptance of $1.40 Cash Offer from ArcelorMittal
  
  
• December 30, 2010 - ArcelorMittal Extends Offer for 100% of Baffinland Until 11:59 P.M. on January 10, 2011
  
  
• December 29, 2010 - Baffinland Responds to Amended Offer from Nunavut and Waives Application of Its Shareholder Rights Plan
  
  
• December 22, 2010 - Baffinland's Shareholder Rights Plan Ordered Cease Traded by the OSC at 5:00 pm on December 29, 2010
  
  
• December 21, 2010 - Baffinland Files Notice of Change to Directors' Circulars and Adopts Shareholder Rights Plan
  
  
• December 20, 2010 - Directors' Circular
  
  
• December 18, 2010 - Baffinland Announces Amended Offer for 100% of the Company From ArcelorMittal and Amendment to Support Agreement
  
  
• December 16, 2010 - Baffinland Responds to Amended Offer From Nunavut
  
  
• November 13, 2010 - ArcelorMittal and Baffinland Announce Mailing of ArcelorMittal Offer and Take-Over Bid Circular and Baffinland Directors' Circular
  
  
• November 12, 2010 - Directors' Circular
  
  
• November 12, 2010 - ArcelorMittal Offer to Purchase Baffinland
  
  
• November 9, 2010 Webcast and Q& A
  
  
• November 9, 2010 - Investor Presentation
  
  
• Baffinland Announces Support Agreement With ArcelorMittal
  
  
• Baffinland Confirms Rejection of Extended Unsolicited Offer and Continues to Pursue Alternatives for Maximizing Shareholder Value
  
  
• October 7, 2010 - Webcast and Q&A
  
  
• October 7, 2010 - Investor Presentation
  
  
• October 7, 2010 - Directors' Circular
  
  
• Letter to Shareholders
  
  
• Hostile Bid for Baffinland - Frequently Asked Questions
  
  
• Baffinland Responds to Unsolicited Take-Over Bid