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ACL - ArcelorMittal South Africa - Sanctioning Of The Scheme Of Arrangement ArcelorMittal South Africa Limited (Incorporated in the Republic of South Africa) (Registration number: 1989/002164/06) Share code: ACL ISIN: ZAE000103453 ("ArcelorMittal") SANCTIONING OF THE SCHEME OF ARRANGEMENT ArcelorMittal shareholders are referred to the announcement published by ArcelorMittal on the Securities Exchange News Service ("SENS") of the JSE Limited ("JSE") on Monday, 1 June 2009 relating to the approval by the requisite majorities of (i) the scheme of arrangement proposed by Vicva Investments and Trading Nine (Proprietary) Limited, 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, approximately 10% of the number of issued ArcelorMittal ordinary shares ("shares") from ArcelorMittal shareholders on a pro rata basis for a consideration of R87.64 per share ("the scheme"), and (ii) the related resolutions required in order to implement the scheme. ArcelorMittal is authorised to announce that (i) the special resolution required in order to implement the scheme has been registered by the Registrar of Companies ("Registrar") and (ii) the scheme was sanctioned by the High Court of South Africa (South Gauteng High Court, Johannesburg) on Tuesday, 9 June 2009. A certified copy of the Order of Court sanctioning the scheme has been lodged for registration by the Registrar and is expected to be registered on Wednesday, 10 June 2009. Following the registration by the Registrar of the Order of Court, all the conditions precedent to which the scheme was subject will have been fulfilled and the scheme will be implemented in accordance with the timetable set out below. 2009 Last day to trade shares on the JSE in order Friday, 19 June to be recorded in the register on the record date of the scheme (see note 1 below) Shares trade "ex" the scheme under the new Monday, 22 June ISIN ZAE000134961 Record date to determine participation in the Friday, 26 June scheme Operative date of the scheme from the Monday, 29 June commencement of business Scheme consideration transferred or posted and Monday, 29 June new revised share certificates reflecting the new ISIN ZAE000134961 posted to scheme participants who hold their ArcelorMittal shares in certificated form (if documents of title are received on or prior to 12:00 on the record date of the scheme) or, failing that, within five business days of receipt of the relevant documents of title by the transfer secretaries Scheme participants who hold shares that have Monday, 29 June been dematerialised will have the scheme consideration credited to their account and their account updated, which account is held at their Central Securities Depository Participant or broker Notes: Shares may not be dematerialised or rematerialised between Monday, 22 June 2009 and Friday, 26 June 2009, both days inclusive. Any material change to the above dates and times will be subject to JSE approval and communicated to shareholders by notification on SENS and in the press. All times indicated above are South African local times. Vanderbijlpark 9 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 Date: 09/06/2009 16:30:02 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.
