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ACL - Arcelormittal South Africa Limited - Arcelormittal South Africa Bee

Release Date: 30/08/2010 17:30
Code(s): ACL
Wrap Text

ACL - Arcelormittal South Africa Limited - Arcelormittal South Africa Bee Transaction ("Amsa Bee Transaction"): Renewal of Cautionary Announcement ARCELORMITTAL SOUTH AFRICA LIMITED (Incorporated in the Republic of South Africa) (Registration Number 1989/002164/06) Share code: ACL ISIN: ZAE000134961 ("ArcelorMittal South Africa") ARCELORMITTAL SOUTH AFRICA BEE TRANSACTION ("AMSA BEE TRANSACTION"): RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders of ArcelorMittal South Africa ("Shareholders") are referred to the announcement released on the Securities Exchange News Service on 10 August 2010 and published in the South African press on 11 August 2010, informing Shareholders that ArcelorMittal South Africa has entered into a Subscription and Shareholders` Agreement on 9 August 2010, to give effect to the AMSA BEE Transaction. The pro forma financial effects of the AMSA BEE Transaction are still in the process of being finalised. A further announcement advising the expected date for disclosure of the pro forma financial effects of the AMSA BEE Transaction and containing an amended timetable for the related circular process, will be made in due course. Accordingly, Shareholders are advised to continue exercising caution when dealing in ArcelorMittal South Africa securities, until such further announcement is made. Vanderbijlpark Monday, 30 August 2010 For further information please contact: Hennie Vermeulen - Manager: Investor Relations Tel: (016) 889 2352 Financial Advisors Goldman Sachs International Goldman Sachs International, which is regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for ArcelorMittal South Africa and no one else in connection with the BEE Transaction and will not be responsible to anyone other than ArcelorMittal South Africa for providing the protections afforded to clients of Goldman Sachs International nor for providing advice in connection with the Transaction or any other matters referred to in this announcement. Sponsor Deutsche Securities (SA) (Proprietary) Limited Legal Advisors Werksmans Attorneys Date: 30/08/2010 17:30:01 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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