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Regulation FD Disclosure.)Tj /F2 1 Tf 0 -2.5717 TD (Cleveland-Cliffs Inc published a News Release on March 7, 2002 as follows: )Tj /F6 1 Tf 13.2632 -2.5955 TD -0.0001 Tc 0.0001 Tw (CLEVELAND-CLIFFS ANNOUNCES EMPIRE MINE START-UP)Tj /F12 1 Tf -13.2632 -2.5717 TD 0 Tc 0 Tw ( CLEVELAND, OH, March 7, 2002 )Tj /F2 1 Tf 15.8016 0 TD ()Tj /F12 1 Tf 0.9999 0 TD ( Cleveland-Cliffs Inc \(NYSE:CLF\) announced today that the Empire Mine, near Palmer, )Tj -16.8015 -1.1192 TD (Michigan will resume operations in late March. It is currently expected that the iron ore mining and processing facility will p)Tj 50.0165 0 TD (roduce )Tj -50.0165 -1.1191 TD (approximately three million tons of pellets in 2002. About 360 salaried and hourly employees will return to work. The mine has )Tj 51.4073 0 TD (been )Tj -51.4073 -1.1192 TD (idle since late November 2001 when LTV Corporation, a 25 percent owner of Empire, ceased integrated steel making operations. Th)Tj 53.0952 0 TD (e )Tj -53.0952 -1.1192 TD (mine produced 5.7 million tons of pellets in 2001. )Tj 0 -2.524 TD ( John S. Brinzo, Cliffs)Tj /F2 1 Tf 9.9441 0 TD ()Tj /F12 1 Tf 0.333 0 TD ( Chairman and Chief Executive Officer, said, )Tj /F2 1 Tf 18.3553 0 TD ()Tj /F12 1 Tf 0.444 0 TD (Ispat Inland and Cliffs, Empire)Tj /F2 1 Tf 12.4139 0 TD ()Tj /F12 1 Tf 0.333 0 TD (s remaining owners, have )Tj -41.8232 -1.1192 TD (worked diligently to develop a 2002 production plan for Empire. However, much work remains to improve the mine)Tj /F2 1 Tf 46.5728 0 TD ()Tj /F12 1 Tf 0.333 0 TD (s viability and its )Tj -46.9057 -1.1192 TD (position as an iron ore supplier to the North American steel industry. We must continue our efforts to use Empire)Tj /F2 1 Tf 45.2679 0 TD ()Tj /F12 1 Tf 0.333 0 TD (s most efficient )Tj -45.6009 -1.1192 TD (production equipment and further reduce costs. Both Ispat and Cliffs are continuing to explore potential operating scenarios fo)Tj 50.5984 0 TD (r future )Tj -50.5984 -1.1191 TD (years.)Tj /F2 1 Tf 2.3598 0 TD ()Tj /F12 1 Tf 0.444 0 TD ( )Tj 21.7224 -2.5241 TD (* * * * * * * * * )Tj -24.5261 -2.524 TD (Cleveland-Cliffs is the largest supplier of iron ore products to the North American steel industry and is developing a signific)Tj 49.7395 0 TD (ant ferrous )Tj -49.7395 -1.1192 TD (metallics business. Subsidiaries of the Company manage and hold equity interests in five iron ore mines in Michigan, Minnesota,)Tj 51.6863 0 TD ( and )Tj -51.6863 -1.1192 TD (Eastern Canada. Cliffs has a major iron ore reserve position in the United States and is a substantial iron ore merchant. Refer)Tj 49.9035 0 TD (ences in this )Tj -49.9035 -1.1191 TD (news release to )Tj /F2 1 Tf 6.3584 0 TD ()Tj /F12 1 Tf 0.444 0 TD (Cliffs)Tj /F2 1 Tf 2.2778 0 TD ()Tj /F12 1 Tf 0.444 0 TD ( include subsidiaries and affiliates as appropriate in the context. )Tj -9.5241 -2.524 TD (This news release contains predictive statements that are intended to be made as )Tj /F2 1 Tf 32.2961 0 TD ()Tj /F12 1 Tf 0.444 0 TD (forward-looking)Tj /F2 1 Tf 6.5534 0 TD ()Tj /F12 1 Tf 0.444 0 TD ( within the safe harbor protections of )Tj -39.7374 -1.1192 TD (the Private Securities Litigation Reform Act of 1995. Although the Company believes that its forward-looking statements are bas)Tj 51.7123 0 TD (ed on )Tj -51.7123 -1.1192 TD (reasonable assumptions, such statements are subject to risks and uncertainties. )Tj 0 -2.524 TD (Actual results may differ materially from such statements for a variety of factors, such as: changes in the iron ore requiremen)Tj 50.0675 0 TD (ts of North )Tj -50.0675 -1.1192 TD (American integrated steel producers due to electric furnace production and/or imports of finished and semi-finished steel, pig )Tj 50.3744 0 TD (iron or iron )Tj -50.3744 -1.1191 TD (ore; adverse changes in the financial condition of the Empire Mine owners; rejection of major contracts or agreements by the Em)Tj 51.6513 0 TD (pire )Tj -51.6513 -1.1192 TD (Mine owners under provisions of the U.S. Bankruptcy Code; major equipment failures and process difficulties; and the availabili)Tj 51.5723 0 TD (ty and )Tj -51.5723 -1.1192 TD (cost of key production components, e.g., labor, electric power, fuel and water. )Tj 27.5741 -2.6907 TD (2)Tj ET endstreamendobj4 0 obj<< /Type /Page /Parent 8 0 R /Resources 5 0 R /Contents 6 0 R /MediaBox [ 0 0 612 1008 ] /CropBox [ 0 0 612 1008 ] /Rotate 0 >> endobj5 0 obj<< /ProcSet [ /PDF /Text ] /Font << /F2 25 0 R /F6 24 0 R /F12 7 0 R >> /ExtGState << /GS1 29 0 R >> >> endobj6 0 obj<< /Length 1856 >> stream 1 g /GS1 gs 1 i 18.21 989.85 575.76 -971.76 re f BT /F12 1 Tf 12 0 0 12 25.65 979.05 Tm 0 g 0 Tc 0 Tw ( )Tj 10.079 0 0 10.079 25.65 953.13 Tm ( Reference is made to the detailed explanation of the many factors and risks that may cause such predictive statements to t)Tj 49.8475 0 TD (urn out )Tj -49.8475 -1.1191 TD (differently, as set forth in the Company)Tj /F2 1 Tf 15.7466 0 TD ()Tj /F12 1 Tf 0.333 0 TD (s Annual Report and Reports on Form 10-K and 10-Q and previous news releases filed with the )Tj -16.0795 -1.1192 TD (Securities and Exchange Commission, which are available publicly on Cliffs)Tj /F2 1 Tf 30.7162 0 TD ()Tj /F12 1 Tf 0.333 0 TD ( web site. 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