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ACL - Arcelormittal update and cautionary announcement ArcelorMittal South Africa Limited (Incorporated in the Republic of South Africa) (Registration Number 1989/002164/06) Share Code: ACL ISIN: ZAE000134961 ("ArcelorMittal") ARCELORMITTAL UPDATE AND CAUTIONARY ANNOUNCEMENT Further to the announcement dated 26 February 2010, pertaining to a notice that was received by ArcelorMittal from Sishen Iron Ore Company (Pty) Limited ("SIOC") (collectively "the parties") ArcelorMittal`s shareholders are notified as follows: - The parties have commenced a dispute resolution process in accordance with the provisions of the supply agreement, which includes arbitration, to resolve the dispute relating to the supply of iron ore and matters related thereto; - Both parties are in agreement that this will be expedited; - an interim arrangement is being considered and negotiated following receipt of a proposal from SIOC on the terms of short term iron ore supply; - SIOC will continue to supply iron ore to ArcelorMittal and the situation with Thabazimbi Iron Ore Mine remains unaffected by this process. ArcelorMittal has considered the assertions made by SIOC relating to the mineral rights. Nevertheless, the company remains of the firm opinion that the long term supply agreement remains valid and binding and will take all steps necessary to protect its shareholders in this regard. Management will take all necessary steps to minimise the financial impact on the business. ArcelorMittal and JSE Limited ("the JSE") have agreed to the lifting of the halt in the trade of ArcelorMittal securities on the securities exchange operated by the JSE with immediate effect. Shareholders will be kept advised of developments in this regard. Shareholders are advised to exercise caution in dealing in their ArcelorMittal securities until a further announcement is made. 3 March 2010 Vanderbijlpark Sponsor Deutsche Securities (SA) (Proprietary) Limited For further information please contact: Ms Marion Green-Thompson Tel:. +27 (0) 11 722 8620 Mobile: + 27 (83) 384 3629 Mr Julian Gwillim Mobile: + 27 (82) 452 4389 Date: 03/03/2010 15:00:02 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.
