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ACL - ArcelorMittal South Africa Limited - Announcement

Release Date: 26/02/2010 12:49
Code(s): ACL
Wrap Text

ACL - ArcelorMittal South Africa Limited - Announcement ArcelorMittal South Africa Limited (Incorporated in the Republic of South Africa) (Registration number: 1989/002164/06) Share code: ACL ISIN: ZAE000134961 ("ArcelorMittal" or "the company") ANNOUNCEMENT Shareholders are notified that ArcelorMittal has received notice from Sishen Iron Ore Company (Proprietary) Limited ("SIOC") cancelling the supply agreement entered into between the company and SIOC in 2001 ("the agreement"), and advising that with effect from 1 March 2010, it will no longer supply Iron Ore to ArcelorMittal, on a cost plus 3% basis. ArcelorMittal has rejected SIOC`s repudiation of the agreement and will institute urgent proceedings against SIOC to enforce the agreement if the appropriate undertakings are not received from SIOC.. Due to the price sensitive nature of this information, the company has requested that the JSE halt trading until a further announcement is made on Wednesday 3 March 2010. 26 February 2010 Vanderbijlpark Sponsor to ArcelorMittal South Africa Limited Deutsche Securities (SA) (Proprietary) Limited For further information please contact: Marion Green Thompson Tel.: +27 (0)16 889 2425 Mobile +27 (0)83 384 3629 Date: 26/02/2010 12:49:05 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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