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ACL - ArcelorMittal South Africa Limited - Offer and acceptance of share options ArcelorMittal South Africa Limited (Incorporated in the Republic of South Africa) (Registration number: 1989/002164/06) Share Code: ACL ISIN: ZAE000103453 ("ArcelorMittal South Africa" or "the Company") OFFER AND ACCEPTANCE OF SHARE OPTIONS In compliance with paragraph 3.63 - 3.66 of the Listings Requirements of the JSE Limited, we hereby advise, that the following options in ArcelorMittal South Africa securities have been offered to and accepted by the Chief Executive Officer. Name Enrico Mario Reato Position held Chief Executive Officer Company ArcelorMittal South Africa Nature of transaction Grant and acceptance of options Number of securities 46 360 Price of securities R133-50 Exercise value of securities R6 189 060.00 Class of security Ordinary shares Offer date 20 November 2007 Nature of interest Direct beneficial The required clearance per section 3.66 of the JSE Listings Requirements was obtained. CHANGES IN SHARE OPTIONS DUE TO CAPITAL REDUCTION In compliance with paragraph 3.63 - 3.66 of the Listings Requirements of the JSE Limited, we hereby advise, that due to the capital reduction announced on 1 August 2007 the options granted and accepted by the Chief Executive Officer have been adjusted in terms of the rules of the scheme as follows: Name Hendrik Jacobus Verster Position held Executive Director, Finance Company ArcelorMittal South Africa Nature of transaction Changes to options already granted and accepted Offer Date Original Adjusted Number of Number of Offer Price Offer Price Options Prior Options After
the Adjustment the Adjustment 1/3/2006 R60.91 R54.19 9 600 10 842 17/11/2006 R86.00 R76.51 24 990 28 313 12/12/2005 R60.00 R53.38 35 720 40 326 8/11/2006 R94.29 R83.88 55 190 62 608 The required clearance per section 3.66 of the JSE Listings Requirements was obtained. Vanderbijlpark 21 November 2007 Sponsor to ArcelorMittal South Africa Deutsche Securities (SA) (Proprietary) Limited Date: 21/11/2007 16:41:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
