ACL - Arcelormittal South Africa - Acquisition by Arcelormittal South Africa

ACL - Arcelormittal South Africa - Acquisition by Arcelormittal South Africa    
Operations (Pty) Ltd of 100% shareholding in Imperial Crown Trading 289 (Pty)   
Ltd                                                                             
ARCELORMITTAL SOUTH AFRICA LIMITED                                              
(Incorporated in the Republic of South Africa)                                  
(Registration Number 1989/002164/06)                                            
Share code:  ACL                                                                
ISIN : ZAE000134961                                                             
("ArcelorMittal South Africa")                                                  
ACQUISITION BY ARCELORMITTAL SOUTH AFRICA OPERATIONS (PTY) LTD ("OPCO") OF 100% 
SHAREHOLDING IN IMPERIAL CROWN TRADING 289 (PTY) LTD ("ICT")                    
It is hereby announced that ArcelorMittal South Africa through its wholly owned 
subsidiary OPCO, has entered into an agreement ("the Agreement") providing for  
the acquisition by OPCO of the entire issued share capital of ICT ("the         
Acquisition").                                                                  
ICT is the holder of a prospecting right in relation to a 21.4% undivided share 
in a prospecting area more fully described in such right, and has the following 
shareholders:                                                                   
-  Mabelindile Archibald Luhlabo;                                               
-  Mojalefa Mbete;                                                              
-  Prudence Zerah Mtshali;                                                      
-  Pragat Investments (Jagdish R Parekh);                                       
-  Phemelo Ohentse Robert Sehunelo; and                                         
-  Zebo Lesego Edwin Tshetlho                                                   
The aggregate purchase price payable by OPCO in consideration for the           
Acquisition shall be an amount of R 800 000 000, which shall be payable subject 
to terms and conditions, including, inter alia, completion of a due diligence   
exercise to the satisfaction of ArcelorMittal South Africa.                     
For JSE Limited Listings Requirements purposes, the Acquisition is not a        
categorised transaction and no related parties are involved.                    
Vanderbijlpark                                                                  
Tuesday, 10 August 2010                                                         
For further information please contact:                                         
Hennie Vermeulen                                                                
Manager: Investor Relations                                                     
Tel:  016 889 2352                                                              
Sponsor                                                                         
Deutsche Securities (SA) (Proprietary) Limited                                  
Legal Advisors                                                                  
Werksmans Inc                                                                   
Date: 10/08/2010 09:00:01 Supplied by www.sharenet.co.za                     
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