ACL - ArcelorMittal - Further Information Pertaining To The Proposed Broad-Based

ACL - ArcelorMittal - Further Information Pertaining To The Proposed Broad-Based
Economic Empowerment Ownership Transaction 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")                                                               
FURTHER INFORMATION PERTAINING TO THE PROPOSED BROAD-BASED ECONOMIC EMPOWERMENT 
OWNERSHIP TRANSACTION AND CAUTIONARY ANNOUNCEMENT                               
In late 2008, the Board of Directors of ArcelorMittal had significantly advanced
a broad-based black economic empowerment ownership transaction, which included  
an employee share ownership plan.  However, the collapse in the worldwide       
economy made the conclusion of the transaction impossible at the time.          
In view of the stabilising global economic environment, the Board of Directors  
has deemed it appropriate to revive the previous negotiations and shareholders  
are advised that meaningful progress has now been made.                         
Any such transaction, if implemented, may have a material effect on the price of
ArcelorMittal`s securities on the JSE Limited. Accordingly shareholders are     
advised to exercise caution when dealing in ArcelorMittal`s securities until a  
detailed announcement is made in this regard.                                   
30 March 2010                                                                   
Vanderbijlpark                                                                  
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
For further information please contact:                                         
Julian Gwillim                                                                  
Mobile: +27 (82) 452 4389                                                       
Date: 30/03/2010 12:01:01 Supplied by www.sharenet.co.za                     
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