ARCELORMITTAL SOUTH AFRICA LIMITED - Notification of an acquisition of a beneficial interest in securities

Notification of an acquisition of a beneficial interest in securities

ARCELORMITTAL   SOUTH AFRICA LIMITED
(Incorporated   in the Republic of South Africa)
(Registration   number 1989/002164/06)
Share code on   the JSE: ACL ISIN:ZAE000134961

("ArcelorMittal" or "the Company")

TRP121: NOTIFICATION OF AN ACQUISITION OF A BENEFICIAL INTEREST IN
SECURITIES

In compliance with Section 122(3)(b) of the Companies Act, No. 71 of 2008
(“Act”) and regulation 121(2)(b) of the Companies Act Regulations, 2011,
shareholders are advised that ArcelorMittal South Africa has received the
following notifications:

   -   the acquisition, by way of subscription, by Amandla We Nsimbi(Pty)
       Ltd(“B-BBEE CO”), on 7 December 2016, of 243 240 276 “A1” ordinary
       shares, such that B-BBEE CO has the beneficial interest of all the
       “A1” ordinary shares in the issued capital of the Company;

   -   the acquisition, by way of subscription, by The Isabelo Employee
       Share Trust (previously called the ArcelorMittal Employee Empowerment
       Share Trust)(“The Isabelo Trust”), on 7 December 2016, of 72 972 083
       “A2” ordinary shares, such that The Isabelo Trust has the beneficial
       interest of all the “A2” ordinary shares in the issued capital of the
       Company.


The above acquisition notification is as a result of the implementation of
the Company’s B-BBEE Ownership Transaction.

09 December 2016
Vanderbijlpark Works


Sponsor to ArcelorMittal South Africa Limited
J.P. Morgan Equities South Africa Pty Ltd


For further information please contact:
Mr Themba Sepotokele
Manager: Corporate Communications, Branding and Social Media
Tel: (016) 889 2425

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