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ACL - ArcelorMittal - Results Of Scheme Meeting And General Meeting

Release Date: 01/06/2009 11:32
Code(s): ACL
Wrap Text

ACL - ArcelorMittal - Results Of Scheme Meeting And General Meeting ArcelorMittal South Africa Limited (Incorporated in the Republic of South Africa) (Registration number: 1989/002164/06) Share code: ACL ISIN: ZAE000103453 ("ArcelorMittal") RESULTS OF SCHEME MEETING AND GENERAL MEETING 1. RESULTS OF SCHEME MEETING AND GENERAL MEETING ArcelorMittal shareholders are referred to the announcement published by ArcelorMittal on the Securities Exchange News Service of the JSE Limited on Wednesday 6 May 2009 relating to the scheme of arrangement proposed by Vicva Investments and Trading Nine (Proprietary) Limited ("Acquiror"), a wholly-owned subsidiary of ArcelorMittal, between ArcelorMittal and its shareholders, to acquire, in terms of section 89 of the Companies Act No 61 of 1973 as amended ("the Act"), approximately 10% of the number of issued ArcelorMittal ordinary shares from ArcelorMittal shareholders on a pro rata basis for a consideration of R87.64 per share ("the scheme"). At the scheme meeting held on Monday 1 June 2009, the requisite majority of scheme members, present and voting, either in person or by proxy, approved the scheme. Furthermore, at the general meeting held on Monday 1 June 2009, which was convened shortly after the scheme meeting, the requisite majority of ArcelorMittal shareholders, present and voting, either in person or by proxy, approved all the resolutions required to give effect to the scheme. 2. SUSPENSIVE CONDITIONS Shareholders are reminded that the scheme is subject to the fulfillment of the following conditions precedent before it can become operative: 2.1 the registration by the Companies and Intellectual Property Registration Office of the special resolution approving the Acquiror`s acquisition of the shares to be acquired in terms of the scheme; 2.2 the High Court of South Africa (South Gauteng High Court, Johannesburg) ("Court") sanctioning the scheme; and 2.3 a certified copy of the Order of Court sanctioning the scheme being registered by the Registrar of Companies in terms of the Act. 3. SCHEME CHAIRPERSON`S REPORT A copy of the scheme chairperson`s report will be available for inspection at ArcelorMittal`s registered office, being Room N3-5, Main Building, Delfos Boulevard, Vanderbijlpark, 1911, during normal business hours from Tuesday 2 June 2009 to the date on which the application is made to the Court to sanction the scheme (anticipated to be Tuesday 9 June 2009). 4. FURTHER ANNOUNCEMENT A further announcement regarding the outcome of the Court application and the final salient dates and times of the scheme will be made to shareholders on or about Tuesday 9 June 2009. Vanderbijlpark 1 June 2009 Merchant bank and transaction sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Sponsor Deutsche Securities (SA) (Proprietary) Limited Legal advisors Cliffe Dekker Hofmeyr Inc Reporting accountants and auditors Deloitte & Touche Transfer secretaries Computershare Investor Services (Proprietary) Limited Date: 01/06/2009 11:32:02 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.

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